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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.
| 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 | ||
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 (%) | |||||
Industry Insights
Major trends affect the Electric Power Generation industry include:- Rise in renewable energy sources adoption
- Energy storage technology advancements
- Electric vehicle growth impact on grid
- Decarbonization and regulatory policies
- Smart grid technology utilization
- Cybersecurity investment increase
- Aging infrastructure and need for modernization
- Energy efficiency and demand response technologies
- Consumer preference shifts towards sustainability
- Climate change and resilience planning
- Integration of distributed energy resources
- Cross-industry collaborations and technological innovations
- Price fluctuations and resource availability
- Digitalization and data analytics advancements
- Geopolitical tensions affecting fuel supply chains
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:
Innovation News
- May 23, 2024: Littoral Power Systems patents Scaled Hydropower With Seals
- May 23, 2024: Littoral Power Systems patents Scaled Hydropower With Seals
- Dec 28, 2023: Spark Thermionics patents Small Gap Device System And Method Of Fabrication
- Dec 19, 2023: Ideal Energy trademarks "IDEAL RENEWABLES" - Installation and maintenance of photovoltaic installations; Installation of renewable energy generation equipment; Installation, maintenance and repair of windmills and wind turbines; Installation, maintenance and repair of batteries and accumulators; Installation, maintenance and repair of solar installations for generating power, solar collectors and photovoltaic modules
- Dec 11, 2023: Sterling Planet raises $150 million in funding.
- Oct 06, 2023: Origis Usa trademarks "REIMAGINING ZERO" - Financial advisory and consultancy services for energy projects and energy storage solutions; providing financing services for energy projects
- Oct 06, 2023: Origis Usa trademarks "REIMAGINING ZERO" - Installation, maintenance, and construction project management services of energy systems and facilities and energy storage solutions; consulting services related to construction of energy facilities
- Aug 20, 2021: Ideal Energy raises $1 million in funding.
- Sep 11, 2019: Primo Energy raises $3 million in funding.
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: AMERICAN ELECTRIC POWER COMPANY, INC. (Columbus, OH) awarded $240,000
- Apr 01, 2024: GEXA ENERGY, LP (Houston, TX) awarded $10,614,375
- Mar 29, 2024: POTOMAC ELECTRIC POWER COMPANY (Washington, DC) awarded $42,946,991
- Mar 29, 2024: PECO ENERGY COMPANY (Philadelphia, PA) awarded $300,000
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