Current Trends in Utilities Sector 2024
The economic downturn due to the COVID-19 pandemic has stalled growth in the utilities sector. However, as offices and facilities begin to reopen, the utilities sector is expected to see substantial growth. Revenue is projected to increase in the utilities sector due to rising electricity prices and recent economic trends. Analyzing key indicators of the utility industry allows both small businesses and corporations alike to determine industry health and predict future industry trends.
Recommended: Visit our Business Trends page to explore interactive data for other industries.
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Key Sector Indicators
Market Revenue: $638.4 Billion
Profit: $171.1 Billion
Profit Margin: 26.8%
Number of Businesses: 21,165
Employment: 671,000
Sector Revenue Trend
Market revenue is an important key indicator for understanding how much money is coming into a sector. The following graph shows the utility industry’s profit revenue since 2005. Additionally, a projection for the sector’s future revenue through 2027 is given.
Hover over the graph to see the sector’s total revenue for a particular year.
(This graph is interactive!)
Natural Gas Spot Prices 2010–2021
This graph displays the Henry Hub spot prices for natural gas by month over the last decade.
(This graph is interactive!)
Major Players and Industry Competition
Major players in the utilities industry make up roughly 12% of the sector’s total market. Exelon, the largest player in the industry, accounts for almost 5% of the utilities market. This suggests that small businesses and new businesses may have to work harder to establish themselves in the utilities sector.
Hover over the graph to see a particular industry leader’s market share and revenue. Keep in mind that only the largest industry players are shown.