Electric Power Transmission in the US - Industry Market Research Report

In transmission: Greater infrastructure investment will accelerate renewable energy transmission

The Electric Power Transmission industry transmits and distributes electricity from power generators to distribution centers, other electric utilities and consumers. The increased infrastructure investment has allowed companies to raise rates, increasing revenue and profit. During the pandemic, power consumption was sluggish since many commercial and industrial businesses were forced to close. Residential consumers used more electricity because of stay-at-home orders, cushioning the blow from the decline in other sectors. The following year, an economic recovery led to a rebound in those markets as businesses reopened. Overall, industry revenue is set to increase at an annualized rate of 0.6% to $505.0 billion in 2023, including a 1.5% rise in 2023 alone. This industry transmits and distributes electricity from power generators to distribution centers, other electric utilities and final consumers. The transmission system includes lines and transformer stations, while the distribution system consists of lines, poles, meters and wiring that deliver the electricity to final consumers. This industry does not generate electricity. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.