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US NAICS 22112 | Industry Report

Electric Power Transmission in the US Industry Data and Analysis

SB
Shahool Al Bari
Analyst New York, United States July 2025

An uptick in infrastructure investment has allowed electric power transmitters to raise rates, increasing revenue and profit. Since the need for electricity is inelastic, economic shifts typically do not impact transmission companies considerably. While commercial and industrial businesses were affected during lockdowns, residential consumers used more electricity because of stay-at-home orders, cushioning the blow from the slump in other sectors. As the economy reopened, revenue swelled, stemming from a combination of higher electricity prices and an expanding customer base. An uptick in government funding has also led to companies building more infrastructure and implementing smart grid technology into existing towers, optimizing performance. Nonetheless, according to the Federal Energy Regulatory Commission, during the 2020s, the U.S. constructed only 20% as many new transmission lines as it did in the first half of the 2010s. Overall, industry revenue is set to expand at a CAGR of 2.3% to $536.2 billion in 2025, including a 1.7% uptick in 2025 alone.

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What's included in this industry analysis

IBISWorld's research coverage on the Electric Power Transmission industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.

About this industry

What's this industry report about?

The Electric Power Transmission industry in the United States operates under the NAICS industry code 22112. 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. Related terms covered in the Electric Power Transmission industry in the United States include transmission, distribution, peak hours, smart grid, public utility commission (puc), circuit mile and kilowatt hour (kwh).

What's included in this industry?

Products and services covered in Electric Power Transmission industry in the United States include Natural gas-generated electricity, Coal-generated electricity and Renewable sources.

What companies are included in this industry?

Companies covered in the Electric Power Transmission industry in the United States include Exelon Corporation, Edison International and Oncor Inc.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Electric Power Transmission industry in the United States.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Electric Power Transmission industry in the United States.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Electric Power Transmission industry in the United States.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Electric Power Transmission industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Electric Power Transmission industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Electric Power Transmission industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Electric Power Transmission industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Electric Power Transmission industry in the United States.

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Frequently Asked Questions

What is the market size of the Electric Power Transmission industry in the United States in 2026?

The market size of the Electric Power Transmission industry in the United States is $536.2bn in 2026.

How many businesses are there in the Electric Power Transmission industry in the United States in 2025?

There are 1,361 businesses in the Electric Power Transmission industry in the United States, which has grown at a CAGR of 0.7 % between 2020 and 2025.

How may import tariffs affect the Electric Power Transmission industry in the United States?

The Electric Power Transmission industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Electric Power Transmission industry in the United States?

The Electric Power Transmission industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Electric Power Transmission industry in the United States grown or declined over the past 5 years?

The market size of the Electric Power Transmission industry in the United States has been growing at a CAGR of 2.3 % between 2020 and 2025.

What is the forecast growth of the Electric Power Transmission industry in the United States over the next 5 years?

Over the next five years, the Electric Power Transmission industry in the United States is expected to grow.

What are the biggest companies in the Electric Power Transmission industry in the United States?

The biggest companies operating in the Electric Power Transmission industry in the United States are Exelon Corporation, Edison International and Oncor Inc.

What does the Electric Power Transmission industry in the United States include?

Electric bulk power transmission and control and Electric power distribution are part of the Electric Power Transmission industry in the United States.

Which companies have the highest market share in the Electric Power Transmission industry in the United States?

The company holding the most market share in the Electric Power Transmission industry in the United States is Exelon Corporation.

How competitive is the Electric Power Transmission industry in the United States?

The level of competition is low and steady in the Electric Power Transmission industry in the United States.

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