NAICS Code 22111 - Electric Power Generation

NAICS 22111 - Electric Power Generation

NAICS 22 - Utilities
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 221 - Utilities
  NAICS 221 - Utilities
  - NAICS 2211 - Electric Power Generation, Transmission and Distribution
    NAICS 2211 - Electric Power Generation, Transmission and Distribution NAICS 2212 - Natural Gas Distribution NAICS 2213 - Water, Sewage and Other Systems
    - NAICS 22111 - Electric Power Generation
      NAICS 22111 - Electric Power Generation NAICS 22112 - Electric Power Transmission, Control, and Distribution

This industry comprises establishments primarily engaged in operating electric power generation facilities. These facilities convert other forms of energy, such as water power (i.e., hydroelectric), fossil fuels, nuclear power, and solar power, into electrical energy. The establishments in this industry produce electric energy and provide electricity to transmission systems or to electric power distribution systems.

Industry trends:

The electric power generation industry (NAICS 22111) is currently experiencing significant qualitative trends driven by technological advancements and evolving market demands. One of the major trends is the accelerated shift towards renewable energy sources, such as wind, solar, and hydroelectric power. This shift is being propelled by both regulatory policies aimed at reducing carbon emissions and the decreasing costs of renewable technologies. Energy storage solutions, particularly battery technology, are another pivotal trend, improving the reliability and efficiency of renewable energy systems by mitigating intermittency issues. Microgrids and decentralized power systems are gaining popularity, offering enhanced resilience and independence from large power grid failures. Digitalization and smart grid technology continue to transform the sector by optimizing energy distribution, improving grid stability, and enabling real-time data analytics for better decision-making.In terms of forecasts, the near future is likely to see continued growth in renewable energy investments, driven by global climate initiatives and government incentives. The integration of AI and machine learning is expected to further refine predictive maintenance and operational efficiency. Lastly, consumer demand for sustainable and eco-friendly energy options will increasingly influence market dynamics, pushing utilities to innovate and diversify their energy portfolios. Overall, the electric power generation industry is poised for a transformative period marked by sustainability, technological integration, and enhanced grid management.