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 Research - Utilities
Market Size & Industry Statistics
The total U.S. industry market size for Utilities:
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 (%) |
Product & Services Breakdown
Research products and services in the Utilities 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 |
|||
Transportation Of Bulk Natural Gas And Liquefied Natural Gas By Pipeline |
|||
Electricity - Power Marketing And Brokering |
|||
Natural Gas Distribution To Final Consumer |
|||
Natural Gas - Power Marketing And Brokering |
|||
Steam And/Or Air-Conditioning |
|||
Water |
|||
Electric Power Transmission |
|||
Irrigation System User Charges |
|||
Sewer System User Charges |
|||
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 Utilities 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 Utilities 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 Utilities 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 | 7% | Order at top of page |
||
Top Executives | 6% | |||
Chief Executives | 0% | |||
General and Operations Managers | 5% | |||
General and Operations Managers | 3% | |||
Other Management Occupations | 6% | |||
Business and Financial Operations Occupations | 9% | |||
Business Operations Specialists | 7% | |||
Logisticians and Project Management Specialists | 7% | |||
Project Management Specialists | 7% | |||
Architecture and Engineering Occupations | 9% | |||
Engineers | 6% | |||
Electrical and Electronics Engineers | 5% | |||
Electrical Engineers | 5% | |||
Nuclear Engineers | 11% | |||
Nuclear Engineers | 11% | |||
Life, Physical, and Social Science Occupations | 11% | |||
Life, Physical, and Social Science Technicians | 8% | |||
Nuclear Technicians | 7% | |||
Nuclear Technicians | 7% | |||
Protective Service Occupations | 13% | |||
Other Protective Service Workers | 11% | |||
Security Guards and Gambling Surveillance Officers | 11% | |||
Security Guards | 11% | |||
Sales and Related Occupations | 8% | |||
Office and Administrative Support Occupations | 15% | |||
Information and Record Clerks | 5% | |||
Customer Service Representatives | 6% | |||
Customer Service Representatives | 6% | |||
Other Office and Administrative Support Workers | 5% | |||
Office Clerks, General | 5% | |||
Office Clerks, General | 5% | |||
Construction and Extraction Occupations | 6% | |||
Construction Trades Workers | 19% | |||
Pipelayers, Plumbers, Pipefitters, and Steamfitters | 6% | |||
Plumbers, Pipefitters, and Steamfitters | 5% | |||
Solar Photovoltaic Installers | 15% | |||
Solar Photovoltaic Installers | 15% | |||
Installation, Maintenance, and Repair Occupations | 29% | |||
Supervisors of Installation, Maintenance, and Repair Workers | 5% | |||
First-Line Supervisors of Mechanics, Installers, and Repairers | 5% | |||
First-Line Supervisors of Mechanics, Installers, and Repairers | 5% | |||
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 | 5% | |||
Other Installation, Maintenance, and Repair Occupations | 21% | |||
Control and Valve Installers and Repairers | 13% | |||
Control and Valve Installers and Repairers, Except Mechanical Door | 13% | |||
Industrial Machinery Installation, Repair, and Maintenance Workers | 7% | |||
Industrial Machinery Mechanics | 7% | |||
Line Installers and Repairers | 12% | |||
Electrical Power-Line Installers and Repairers | 11% | |||
Maintenance and Repair Workers, General | 6% | |||
Maintenance and Repair Workers, General | 6% | |||
Wind Turbine Service Technicians | 45% | |||
Wind Turbine Service Technicians | 45% | |||
Production Occupations | 14% | |||
Supervisors of Production Workers | 6% | |||
First-Line Supervisors of Production and Operating Workers | 6% | |||
First-Line Supervisors of Production and Operating Workers | 6% | |||
Plant and System Operators | 10% | |||
Power Plant Operators, Distributors, and Dispatchers | 6% | |||
Nuclear Power Reactor Operators | 10% | |||
Power Plant Operators | 5% | |||
Water and Wastewater Treatment Plant and System Operators | 27% | |||
Water and Wastewater Treatment Plant and System Operators | 27% | |||
Miscellaneous Plant and System Operators | 6% | |||
Gas Plant Operators | 6% | |||
Transportation and Material Moving Occupations | 7% | |||
Material Moving Workers | 7% | |||
Laborers and Material Movers | 7% | |||
Laborers and Freight, Stock, and Material Movers, Hand | 6% |
Utilities Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Utilities 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 Utilities 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 Utilities industry. |
Executive Briefings
The Pipeline Companies compete with other pipelines on the basis of cost, flexibility, reliability of service and overall customer service, with the customer's decision being made primarily on the basis of delivered price, which includes both the natural gas commodity cost and transportation costs. The Pipeline Companies also compete with midstream operators and gas marketers seeking to provide or arrange transportation, storage and other services to meet customer needs. Natural gas competes with alternative energy sources, including coal, nuclear energy, wind, geothermal, solar and fuel oil and the electricity generated from these alternative energy sources. Legislation and governmental regulations, weather, futures markets, production costs and other factors beyond the control of the Pipeline Companies, influence the price of the natural gas commodity. Additionally, natural gas demand could be adversely affected by laws mandating or incenting renewable power sources that produce fewer GHG emissions than natural gas.The Pipeline Companies generate a substantial portion of their revenue from long-term firm contracts for transportation and storage services and are therefore insulated from competitive factors during the terms of the contracts. When these long-term contracts expire, the Pipeline Companies face competitive pressures from other natural gas pipeline facilities. The Pipeline Companies' ability to extend existing customer contracts, remarket expiring contracted capacity or market new capacity is dependent on competitive alternatives, the regulatory environment and the market supply and demand factors at the relevant dates these contracts are eligible to be renewed or extended. The duration of new or renegotiated contracts will be affected by current commodity and transportation prices, competitive conditions and customers' judgments concerning future market trends and volatility.Subject to regulatory requirements, the Pipeline Companies attempt to recontract or remarket capacity at the maximum rates allowed under their tariffs, although at times the Pipeline Companies discount these rates to remain competitive. Historically, the Pipeline Companies have been able to provide competitively priced services because of access to a variety of relatively low cost supply basins, cost control measures and the relatively high level of firm entitlement that is sold on a seasonal and annual basis, which lowers the per unit cost of transportation. To date, the Pipeline Companies have avoided significant pipeline system bypasses.BHE GT Midamerican Energy
Government Contracts
In 2022, the federal government spent a total of $33,207,931,512 on Utilities. It has awarded 3643 contracts to 1186 companies, with an average value of $27,999,942 per company.Most Recent Contracts | Date | Total Award Amount |
---|

