Power surge: The industry will continue benefiting from renewable energy growth

Over the five years to 2017, fluctuating rates and capricious consumption have caused the Electric Power Transmission industry in Illinois to stagnate. During the early half of the period, The Illinois Commerce Commission increased rates, driving revenue upward. Yet, since 2015, price growth has been insufficient in keeping up with inflation and greater energy efficiency has slowed overall power use. Over the five years to 2022, the manufacturing GDP of Illinois is expected to increase, helping to bolster electric power demand. Additionally, Illinois's renewable portfolio standards will provide rate increases for renewable energy transmission investments. In total, over the next five years, retail electricity sales are projected to increase...read more.

Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 12-17
0.4%
Forecast Growth 17-22
Profit
Employment
11,639
Businesses
200
What Our Customers Say

Industry Threats & Opportunities

  • The manufacturing GDP of Illinois is expected to increase, helping to bolster electric power demand
  • As industry operators in Illinois have become increasingly efficient at generating and transmitting electricity, the need for employment has decreased
  • Industrial electricity consumption is anticipated to grow, as factories reopen or expand their operational footprints
  • Additional Insights for the Electric Power Transmission in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electric Power Transmission in Illinois Industry are

  • Ability to pass on cost increases
  • Ensuring pricing policy is appropriate
  • Ability to negotiate successfully with regulator
  • IBISWorld analysts also discuss how external factors such as Electric power consumption and Housing starts in Illinois in the Electric Power Transmission in Illinois industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What is the Electric Power Transmission in Illinois Industry?

    This industry transmits and distributes electricity from power generators to distribution centers, other electric utilities and final consumers. The transmission system includes lines and transformer stations, while the distribution system consists of lines, poles, meters and wiring that deliver the electricity to final consumers. This industry does not generate electricity.

    Industry Products
  • Coal
  • Nuclear
  • Hydroelectric
  • Wind
  • Natural Gas
  • Other Renewable
  • Industry Activities
  • Electric bulk power transmission and control
  • Electric power distribution
  • Wholesale electricity brokering and marketing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Electric power consumption
  • Housing starts in Illinois
  • Manufacturing GDP for Illinois
  • Number of Businesses in Illinois

  • Current Performance
  • Technology bolsters profitability
  • Clean technologies, new opportunities
  • Chart: Revenue Growth

  • Industry Outlook
  • Regulatory and policy shift toward renewables
  • Transmission technology reduces costs
  • Table: Electric Power Transmission in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electric Power Transmission in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Wholesale Trade
  • Consumers

  • Key Selling Industries
  • Coal & Natural Gas Power
  • Heavy Infrastructure Construction
  • Hydroelectric Power
  • Nuclear Power
  • Solar Power
  • Transmission Line Construction
  • Wind Power

  • Products & Services
  • Nuclear
  • Coal
  • Natural Gas
  • Wind
  • Other Renewable
  • Other
  • Hydroelectric
  • Chart: Electric Power Transmission in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Residential
  • Commercial
  • Industrial
  • Transportation
  • Chart: Major Market Segmentation for the Electric Power Transmission in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Electric Power Transmission in Illinois

  • Basis of Competition
    External competitionInternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electric Power Transmission in Illinois Industry

  • Exelon CorporationAmeren CorporationBerkshire Hathaway Inc.
  • Table: Exelon Corporation - financial performance
  • Table: Ameren Corporation - financial performance
  • Table: Berkshire Hathaway Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electric Power Transmission in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Electric Power Transmission in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Electric power consumption (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Circuit Mile
  • The total length in miles of separate circuits regardless of the number of conductors used per circuit.
  • Distribution
  • The transportation of electricity along low-voltage wires, typically to end users.
  • Kilowatt Hour (Kwh)
  • The billing unit for energy delivered by electric power transmission utilities. It represents one kilowatt of power expended for one hour of time.
  • Peak Hours
  • Several hours each day when electricity consumption and prices are the highest.
  • Public Utility Commission (Puc)
  • A governing body that regulates the rates and services of a public utility.
  • Smart Grid
  • The use of two-way digital technology to allow suppliers to control customer appliances in order to save energy and reduce costs.
  • Transmission
  • The transportation of electricity along high-voltage wires.
  • Why buy this report?

    The Electric Power Transmission in Illinois industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Electric Power Transmission in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electric Power Transmission in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electric Power Transmission in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear