2023 U.S. Industry Statistics & Market Research - Utilities

Published: March 2023

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

Source: AnythingResearch Analysis of U.S. federal statistics

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%

Source: Bureau of Labor Statistics

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