Industry Data & Market Research

2024 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.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
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
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

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 DescriptionNumber 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.

U.S. map by state

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 AveragePercent 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
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
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
Source: AnythingResearch Analysis of U.S. federal statistics

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 RatiosIndustry 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 RatiosIndustry 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 IndicatorsIndustry 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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

Order at top of page
Top Executives 5%
Chief Executives0%
General and Operations Managers 5%
General and Operations Managers2%
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%
Source: Bureau of Labor Statistics

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
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Electric Power Generation industry.

Innovation News

Recent Federal Contracts for Electric Power Generation

  • Apr 02, 2024: KENTUCKY UTILITIES COMPANY INC (Lexington, KY) awarded $290,105
  • Apr 02, 2024: MLC HOLDINGS LLC (St Thomas, VI) awarded $56,959
  • Apr 01, 2024: GEXA ENERGY, LP (Houston, TX) awarded $10,614,375
  • Apr 01, 2024: AMERICAN ELECTRIC POWER COMPANY, INC. (Columbus, OH) awarded $240,000
  • Mar 29, 2024: POTOMAC ELECTRIC POWER COMPANY (Washington, DC) awarded $42,946,991
  • Mar 29, 2024: PECO ENERGY COMPANY (Philadelphia, PA) awarded $300,000