| Standard Report | Premium Report | |
|---|---|---|
| Current State of the Industry |  |
|
| Market Size (industry trends) | |
|
| Market Forecast (5-year projection) | |
|
| Products/Services Breakdown | |
|
| Revenue per State | |
|
| Financial Metrics | |
|
| Salary & Compensation Statistics | |
|
| Public Company Information | |
|
| Key Private Companies | |
|
| Government Vendors | |
|
| Instant Download - Available immediately upon purchase | |
|
Download both PDF and Excel
|
|
|
| Download now: |
2023 U.S. Industry Statistics & Market Forecast - Electric Power Generation
Market Size & Industry Statistics
The total U.S. industry market size for Electric Power Generation:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2017 2018 2019 2020 2021 2022 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Electric Power Generation industry is undergoing significant transformation due to various trends. The following paragraphs list key trends affecting the industry.Environmental regulations and policies are driving the shift in the industry away from fossil fuels to renewable energy sources. Governments worldwide have set targets to reduce greenhouse gas emissions, which is leading to the adoption of renewable energy sources like solar, wind, geothermal, and hydroelectric power. Incentives, subsidies, and policies supporting renewable energy are expected to continue driving investment in this sector.
The electrification of the transportation sector is expected to be a major trend affecting power generation. As more electric vehicles are introduced in the market, the demand for electricity will increase, creating new challenges for power generation, transmission, and distribution. Utilities are working on new business models and technologies, such as vehicle-to-grid (V2G) that can provide flexibility and storage for the grid.
Digitalization and the Internet of Things (IoT) are also revolutionizing the industry. Advanced analytics, machine learning, and artificial intelligence are being used to optimize power generation, improve operational efficiency, and reduce costs. Predictive maintenance, condition monitoring, and smart grid technologies are expected to improve reliability and system performance.
The aging workforce and the skills gaps are also a concern for the industry. There is a need to attract and train new talent while retaining the existing workforce’s knowledge and experience. Training programs focusing on emerging technologies, safety, and environmental regulations are being developed.
In conclusion, the Electric Power Generation industry is undergoing rapid changes. Technological innovation, environmental regulations, electrification of transportation, and workforce development are key trends affecting the industry. Companies focused on keeping pace with these changes are likely to succeed in this shifting landscape.
Product & Services Breakdown
Research products and services in the Electric Power Generation industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
|||
Electricity - Power Marketing And Brokering |
|||
Natural Gas Distribution To Final Consumer |
|||
Natural Gas - Power Marketing And Brokering |
|||
Steam And/Or Air-Conditioning |
|||
Electric Power Transmission |
|||
Electricity - Generation |
|||
Electricity - Distribution |
|||
Other Products |
|||
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Electric Power Generation company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Electric Power Generation industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Electric Power Generation measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
|
| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
|
| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
|
| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
|
| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
|
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| Top Executives | 5% | |||
| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 7% | |||
| Business Operations Specialists | 6% | |||
| Logisticians and Project Management Specialists | 6% | |||
| Project Management Specialists | 5% | |||
| Architecture and Engineering Occupations | 9% | |||
| Engineers | 6% | |||
| Electrical and Electronics Engineers | 8% | |||
| Electrical Engineers | 8% | |||
| Nuclear Engineers | 10% | |||
| Nuclear Engineers | 10% | |||
| Life, Physical, and Social Science Occupations | 12% | |||
| Life, Physical, and Social Science Technicians | 10% | |||
| Nuclear Technicians | 9% | |||
| Nuclear Technicians | 9% | |||
| Protective Service Occupations | 11% | |||
| Other Protective Service Workers | 9% | |||
| Security Guards and Gambling Surveillance Officers | 9% | |||
| Security Guards | 9% | |||
| Sales and Related Occupations | 6% | |||
| Office and Administrative Support Occupations | 7% | |||
| Construction and Extraction Occupations | 27% | |||
| Construction Trades Workers | 23% | |||
| Electricians | 6% | |||
| Electricians | 6% | |||
| Solar Photovoltaic Installers | 15% | |||
| Solar Photovoltaic Installers | 15% | |||
| Installation, Maintenance, and Repair Occupations | 29% | |||
| Electrical and Electronic Equipment Mechanics, Installers, and Repairers | 6% | |||
| Miscellaneous Electrical and Electronic Equipment Mechanics, Installers, and Repairers | 6% | |||
| Electrical and Electronics Repairers, Powerhouse, Substation, and Relay | 6% | |||
| Other Installation, Maintenance, and Repair Occupations | 20% | |||
| Industrial Machinery Installation, Repair, and Maintenance Workers | 7% | |||
| Industrial Machinery Mechanics | 7% | |||
| Line Installers and Repairers | 9% | |||
| Electrical Power-Line Installers and Repairers | 8% | |||
| Wind Turbine Service Technicians | 41% | |||
| Wind Turbine Service Technicians | 41% | |||
| Production Occupations | 34% | |||
| Supervisors of Production Workers | 5% | |||
| First-Line Supervisors of Production and Operating Workers | 5% | |||
| First-Line Supervisors of Production and Operating Workers | 5% | |||
| Plant and System Operators | 30% | |||
| Power Plant Operators, Distributors, and Dispatchers | 27% | |||
| Nuclear Power Reactor Operators | 12% | |||
| Power Plant Operators | 25% | |||
Electric Power Generation Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Electric Power Generation industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Electric Power Generation industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Electric Power Generation industry. |
Source:
Government Contracts
In 2022, the federal government spent a total of $7,896,429,937 on Electric Power Generation. It has awarded 1156 contracts to 236 companies, with an average value of $33,459,449 per company.| Most Recent Contracts | Date | Total Award Amount |
|---|---|---|
| PAXTON COMPANY 1111 Ingleside Rd Norfolk, VA | Jun 30, 2023 | $23,980 |
Related Reports
Can't find what you're looking for? We have over a thousand
market research reports.
Ask us and an analyst will help you find what you need.