NAICS 22112 - Electric Power Transmission, Control, and Distribution
This industry comprises establishments primarily engaged in operating electric power transmission systems, controlling (i.e., regulating voltages) the transmission of electricity, and/or distributing electricity. The transmission system includes lines and transformer stations. These establishments arrange, facilitate, or coordinate the transmission of electricity from the generating source to the distribution centers, other electric utilities, or final consumers. The distribution system consists of lines, poles, meters, and wiring that deliver the electricity to final consumers.
Industry trends:
The Electric Power Transmission, Control, and Distribution industry (NAICS 22112) has been experiencing several transformative trends. One significant trend is the increasing integration of renewable energy sources like wind and solar power into the grid. This shift is driven by policy changes, societal demand for sustainable energy, and technological advancements in energy storage and management.
Another qualitative trend is the rising investment in smart grid technologies. These technologies aim to enhance the efficiency, reliability, and security of the electric grid. Advanced metering infrastructure, automated control systems, and real-time data analytics are being deployed extensively. This enables better demand response and predictive maintenance, helping to manage the grid more effectively.
Cybersecurity has also become a critical focus area. As the grid evolves and becomes more interconnected, the risk of cyber-attacks increases. Companies are investing in robust cybersecurity measures to protect critical infrastructure from potential threats.
Looking to the near future, the trend towards decentralization is expected to gain momentum. Distributed energy resources (DERs) such as rooftop solar panels, local wind turbines, and residential battery storage systems will play a more significant role. This decentralization will require new regulatory and business models to manage the complexity of numerous small-scale energy producers.
Overall, the industry is poised for significant change driven by technology, policy, and market dynamics. Firms that adapt to these trends will likely gain a competitive edge in the evolving landscape.
This industry is comprised of:
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- Region
- Employees
- Net Sales
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- Total Assets
- Ownership Type
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