Electric Power Transmission in New York
The Electric Power Transmission industry stagnated over the past five years due to lower per capita energy consumption and weak price growth. As the economy grows, businesses and factories will expand operations and bolster electricity consumption. Over the next five years, retail electricity sales are projected to increase for all customer segments. As a result, over the five years to 2022, IBISWorld forecasts that revenue and profit will grow.
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.
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