Gitnux/Report 2026

Electrical Power Industry Statistics

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Electrical Power Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

An editor sets the topic, the inclusion criteria, and the evaluation framework before research starts.

02Source Research

AI search agents locate sources and extract each figure together with the document it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The electrical power industry at a glance

The electrical power industry is expanding rapidly as global electricity generation grows and low-emissions sources reach 43% of generation in 2025, while grids respond to electrification, data centers and rising cooling demand.

43%[1]
Low-emissions generation, 2025
4.43T kWh[11]
U.S. utility-scale generation, 2025
165.5M[11]
U.S. electricity customers, 2025
12.94¢/kWh[11]
U.S. average retail price, 2024
Market size
U.S. retail electricity sales reached 4,058 billion kWh in 2025, compared with 3,975 billion kWh in 2024. The 2025 figure represents the latest available national sales measure for the electricity industry.[11]
Forecast & CAGR
Global electricity demand is expected to grow at an average annual rate of 3.9% from 2025 to 2027. Renewables are forecast to meet about 95% of global demand growth during the period.[1]
Market share & regions
In 2024, the United States generated more than 40% of its electricity from natural gas, 23% from renewables, 18% from nuclear and 16% from coal. The European Union obtained nearly half of its electricity from renewables, while China generated almost 60% from coal and about 35% from renewables.[1]
Segmentation
U.S. 2025 retail electricity sales were divided among residential customers at 1,515 billion kWh, commercial customers at 1,493 billion kWh, industrial customers at 1,042 billion kWh and transportation customers at 7 billion kWh. Globally, generation is segmented mainly across coal, natural gas, renewables and nuclear power, with renewables accounting for 34% of generation in 2025.[11][1]
Key players & concentration
The U.S. electricity system combines regulated utilities with independent power producers and combined heat-and-power facilities. In 2024, U.S. net summer capacity totaled 1,230,416 MW, including 624,145 MW held by electric utilities and 606,272 MW held by independent power producers and CHP facilities.[11]
Pricing
The average U.S. retail electricity price was 12.94 cents per kWh in 2024. Prices vary by customer segment and region, while competitive retail suppliers in some states offer market-based prices rather than regulated bundled rates.[11]
Trends, drivers & challenges
Global electricity demand increased 4.3% in 2024, driven by industrial activity, cooling demand and electrification. Solar PV generation increased by about 600 TWh in 2025, but the industry continues to face transmission constraints, permitting delays, weather variability and the need to integrate rapidly growing variable renewable generation.[1]
Consumer behavior & competition
U.S. electricity customers totaled 165,488,106 in 2025, including 144,800,940 residential, 19,555,181 commercial, 1,131,902 industrial and 83 transportation customers. Residential and commercial users each represented about 37% of U.S. retail electricity sales in 2025, while competition is strongest in states that permit retail supplier choice.[11]
Regulation
FERC Order No. 1920, issued in May 2024, requires transmission providers to develop long-term regional transmission plans covering at least 20 years and to establish new cost-allocation methods. A subsequent order expanded the role of state regulators in transmission planning and cost allocation.[60]
Latest news
The latest IEA assessment reports that global electricity generation increased by more than 850 TWh in 2025, with renewables providing most of the growth. Renewable generation rose about 8.5%, solar PV generation increased by approximately 600 TWh, and coal-fired generation declined by around 0.5%.[1]

02 Ranking

Top 10 Companies in the Electrical Power Industry

The leading companies in the electrical power industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 11, 2026 · Next review December 11, 2026

Verdict

GE Vernova leads Gitnux's 2026 electrical power ranking with an Overall score of 9.4, with $150 billion backlog in 2025. NextEra Energy is the highest-ranked electric utility operator at 9.3, driven by $27.4 billion operating revenue in 2025.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in grid & power equipment

    GE Vernova

    US

    Ranked #1 · 9.4 · Grid & power equipment

    Why we picked it: Its power-generation, grid equipment, and wind footprint is quantified by a $150 billion backlog in 2025.

    See in ranking ↓Visit gevernova.com ↗

  2. Leader in utilities and generation

    NextEra Energy

    US

    Ranked #2 · 9.3 · Utilities and generation

    Why we picked it: Its regulated utility and renewable generation scale is reflected in $27.4 billion operating revenue for 2025.

    See in ranking ↓Visit nexteraenergy.com ↗

  3. #3 overall

    Schneider Electric

    FR

    Ranked #3 · 9.1 · Grid & power equipment

    Why we picked it: Its electrical distribution and grid power-management scope is reflected in €40 billion group revenue in 2025.

    See in ranking ↓Visit se.com ↗

Pick 1 is the #1 company overall. Pick 2 is the highest-ranked company in the top 5 that adds a new segment; no further segment places in the top 5, so pick 3 follows rank.

Full ranking

Sort by
Top 10 companies in the electrical power industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

GE Vernova

Grid & power equipment · US

9.4
2

NextEra Energy

Utilities and generation · US

9.3
3

Schneider Electric

Grid & power equipment · FR

9.1
4

ABB

Grid & power equipment · CH

9.1
5

Siemens Energy

Grid & power equipment · DE

9.0
6

EDF

Nuclear, renewable generation and electricity networks · FR

8.9
7

Southern Company

Regulated electric utilities and generation · US

8.8
8

Iberdrola

Renewable generation and electricity networks · ES

8.5
9

Duke Energy

Regulated electric generation and networks · US

8.1
10

RWE

Renewable and thermal power generation · DE

7.7

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 11, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 11). Top 10 companies in the electrical power industry. In Electrical Power Industry Statistics. Gitnux. https://gitnux.org/electrical-power-industry-statistics/#top-companies

report visual · Comparison

Revenue of the largest electrical power companies

Siemens Energy leads with $42.2B in annual revenue (group level, converted to USD).

Siemens Energy$42.2B
GE Vernova$38.1B
ABB$33.2B
Southern Company$29.6B
NextEra Energy$27.4B
RWE$19.0B
source-verifiedassets.siemens-energy.com · gevernova.com · library.e.abb.com · sec.gov · investor.nexteraenergy.com · rwe.com2025

04 Statistics

Technology & Innovation

Technology & Innovation centers on grid digitization and analytics adoption, with 84% of energy and utilities organizations investing in digital modernization in 2026.

AI in the electrical power industry

  • China Southern Power Grid nearly doubled transmission-line length over a decade while increasing inspection staff from about 60 to 80 using visual intelligence.[1]
  • 48% of utility firms expected artificial intelligence to make industrial networking more reliable and secure in 2024.[2]
  • 43% of utility firms use operational-technology data insights to improve energy management in 2024, according to a global utilities survey.[2]
  • 45% of utility firms expected artificial intelligence to improve collaboration between information-technology and operational-technology teams in 2024.[2]
  • AI-related electricity-grid patenting grew sixfold between 2010 and 2022 globally, according to the IEA and European Patent Office.[1]

Automation in the electrical power industry

  • 40% of utility firms were increasing collaboration between information-technology and operational-technology teams to overcome growth obstacles in 2024.[2]
  • 40% of the utility workforce held key operational jobs such as lineworker, technician, plant operator or engineer in 2023.[3]
  • 32% more utility respondents considered operational-network cybersecurity compliance extremely important in 2024 than in the prior year.[2]
  • 48% of utility firms identified cybersecurity as their top operational-technology spending priority for the following two years in 2024.[2]
  • 90% of utility firms were maintaining or increasing operational-technology expenditure in 2024, supporting grid digitization and automation.[2]

Digital Transformation in the utilities and renewable energy sector (sector benchmark)

  • 84% of energy and utilities organizations were investing in digital modernization in 2026, while 20% had begun reorganizing engineering operations.[4]
  • 100% of utilities globally had initiated digital transformation, while 20% had completed it, according to a global survey conducted in 2024.[5]
  • 73% of power and utilities companies said their organizational culture impeded digital-technology adoption in a global survey conducted in late 2024.[6]
  • 92% of energy companies planned digital technology investments, while 27% were retraining and reskilling existing employees, according to a 2024 survey.[6]

Technology Adoption in the utilities and renewable energy sector (sector benchmark)

  • 79% of power and utilities organizations were using cyber-threat monitoring and intelligence platforms covering IT and operational technology in 2024.[6]
  • 62% of power and utilities organizations were using robotic process automation in 2024, according to a global survey of industry executives and employees.[6]
  • 73% of power and utilities organizations were using artificial intelligence, generative AI or machine learning in 2024, based on a global industry survey.[6]
  • 78% of power and utilities organizations were using advanced analytics in 2024, according to EY’s global Future of Energy Survey.[6]

Cloud Computing in the utilities and renewable energy sector (sector benchmark)

  • 41% of energy companies allowed any department head or IT manager to deploy new cloud infrastructure, software or applications in an Infosys study.[7]
  • 32% of power and utilities organizations using cloud computing planned improvements or new uses during the following five years in 2024.[6]
  • 79% of power and utilities organizations were using cloud computing in 2024, according to a global EY survey.[6]
  • 45% of energy companies used only the cloud capacity and functions they had committed to, according to an Infosys industry study published in 2024.[7]
  • 63% of power and utilities organizations were using cloud computing while developing improvements or new applications in 2024.[6]

Big Data in the utilities and renewable energy sector (sector benchmark)

  • 78% of power and utilities organizations were using advanced analytics in 2024, a sector-specific proxy for big-data adoption in EY’s global survey.[6]
  • 25% of utilities reported extensive use of analytics for business intelligence and billing or revenue analysis in a survey of 190 organizations.[8]
  • 20% of electric utilities had already implemented big-data analytics, while 32% were implementing it, in a survey covering 10 countries.[9]
  • 41% of utilities said advanced-metering-infrastructure data was fully embedded and scalable across daily workflows in 2026.[10]
  • 86% of utilities used advanced-metering-infrastructure data enterprise-wide or in specific workflows in 2026, according to a global utility executive survey.[10]

Blockchain in the electrical power industry

  • 37.8% of global Bitcoin mining occurred in the United States in January 2022, increasing the electricity-system relevance of proof-of-work blockchain operations.[11]
  • 27,400 TWh was the estimated global electricity consumption of Bitcoin mining during 2023, according to the International Energy Agency estimate cited by EIA.[11]

05 Statistics

Data & Analytics

Data & Analytics highlights how operationalized analytics affects reliability work, with 33% of utility executives citing outage management and restoration as the greatest delivered value.

Business intelligence in the electrical power industry

  • 33% of utility executives in Itron’s 2026 survey said operationalized analytics delivered greatest value in outage management and restoration.[12]
  • 30% of utility executives in Itron’s 2026 survey identified workforce safety and efficiency as a leading value area for operationalized analytics.[12]
  • 700 electric-utility executives participated in Itron’s 2026 survey of data analytics and intelligent-grid practices in the United States.[12]
  • 5% of maintenance activities in the electric-power industry were estimated to use a data-driven predictive approach in McKinsey’s industry analysis.[13]
  • 33% of utility executives in Itron’s 2026 survey said operationalized analytics delivered greatest value in predictive maintenance.[12]
  • 50% growth occurred in software innovations adding smart features to physical grid patents between 2010 and 2022.[1]

Data analytics in the electrical power industry

  • USD 3.1 million per year was the estimated value of PG&E’s transformer-reliability savings from data analytics for predictive maintenance.[14]
  • 50% was the increase in software innovations adding smart features to physical-grid patents from 2010 to 2022.[1]
  • 33% of utility executives said analytics created greatest value in outage management and restoration in Itron’s 2026 survey.[12]
  • 29% of utility executives said analytics created greatest value in peak-load management in Itron’s 2026 survey.[12]
  • USD 350,000 per year was the estimated value of PG&E’s electricity-theft detection savings from data analytics.[14]
  • 5% of electric-power maintenance activities were estimated to rely on data-driven predictive analytics in McKinsey’s analysis.[13]

Data Quality in the utilities and renewable energy sector (sector benchmark)

  • Across water utilities, 7% of respondents rated asset information in EAM or CMMS as very good in 2026.[15]
  • Across electric utilities surveyed, 69% reported user confidence in data accuracy, compared with 77% for completeness.[16]
  • Across water utilities, 10% of respondents rated asset condition and performance information as very good in 2026.[15]
  • Across water utilities, 19% of respondents rated asset characteristics information as very good in 2026.[15]
  • Across electric utilities surveyed, 77% reported no erosion in data quality over time.[16]
  • Across water utilities, 8% of respondents rated asset O&M cost information as very good in 2026.[15]

Data Governance in the utilities and renewable energy sector (sector benchmark)

  • Across utilities surveyed, 9% had fully implemented an enterprise-wide data-governance program in 2020.[17]
  • Across energy and utilities organizations, 65% reported that all or nearly all of their data was governed in 2026.[18]
  • Across utilities surveyed, 56% had some form of inventory covering data sources and data-quality, integration, and analytics tools in 2020.[17]
  • Across power and utility executives surveyed, 57% assessed data-governance maturity as developing or initial in 2021; none reported advanced practices.[6]
  • Across utilities surveyed, 50% estimated they were still three to five years away from enterprise-level data governance in 2020.[17]
  • Across utilities surveyed, 6% reported fully traceable data from original source to decision-making or business processes in 2020.[17]

KPIs in the electrical power industry

  • 27% was the 2024 share of evaluated U.S. utilities without a mobile app.[19]
  • 594 points out of 1,000 was the 2024 overall U.S. utility digital-experience satisfaction KPI.[19]
  • 611 points out of 1,000 was the 2025 overall U.S. utility digital-experience satisfaction KPI.[20]
  • 17% was the 2024 share of U.S. utility customers using mobile apps as their primary contact channel.[19]
  • 90% was Unitil’s 2024 overall customer-satisfaction KPI for its U.S. electric customers.[21]
  • 28% was the 2025 share of U.S. customers who expected their local electric utility to reach its clean-energy goal.[20]

06 Statistics

Strategy & Growth

Strategy & Growth emphasizes renewables buildout and project pipelines, including 666 GW of renewable capacity additions forecast for 2024 to 2030.

Growth in the electrical power industry

  • Global renewable capacity is expected to increase by more than 5,520 GW during 2024–2030.[1]
  • Global renewable capacity additions are forecast to rise from 666 GW in 2024 to almost 935 GW in 2030.[1]
  • Renewable capacity increased by 585 GW globally in 2024.[22]
  • AES Renewables added 3.7 GW to its backlog of contracted projects in 2024.[23]
  • Wind capacity increased by 113 GW globally in 2024, an 11.1% annual rise.[22]
  • Solar PV and wind are forecast to account for 95% of renewable-capacity additions through 2030.[1]

Differentiation in the electrical power industry

  • Solar PV accounted for more than three-quarters of renewable-capacity additions globally in 2024.[1]
  • Solar PV and wind together accounted for 96.6% of global net renewable-capacity additions in 2024.[22]
  • Solar PV represented 42% of global renewable power capacity at the end of 2024.[22]
  • Solar PV generation increased by about 480 TWh globally in 2024, the largest increase among power sources.[1]
  • Renewables accounted for one-third of global electricity generation in 2024.[1]
  • Wind represented 25% of global renewable power capacity at the end of 2024.[22]

Mergers and acquisitions in the electrical power industry

  • Power Construction Corporation of America acquired seven additional United States businesses in 2024.[21]
  • Thirteen acquisitions closed for approximately USD 417 million in 2024 in the reported electric-utility portfolio.[24]
  • The 2024 acquisitions covered six U.S. states: Illinois, Pennsylvania, New Jersey, Indiana, Virginia and Maryland.[24]
  • The thirteen acquisitions closed in 2024 added approximately 69,500 customer connections.[24]
  • Those seventeen acquisitions under agreement represented approximately 24,200 customer connections.[24]
  • Quanta Services completed the acquisition of Cupertino Electric on July 17, 2024.[21]

Strategic partnerships in the electrical power industry

  • AES Clean Energy operated 8,927 MW across the United States in 2024.[21]
  • AES Renewables had 7,638 MW of decided renewable capacity in 2024.[23]
  • AES Renewables operated 13,229 MW of capacity under projects serving utilities, municipalities, education and nonprofit customers in 2024.[23]
  • Ørsted supplied 813 GWh of renewable power to end customers in 2024.[25]
  • Ørsted had 5,153 MW of awarded and contracted offshore wind capacity in 2024.[25]
  • AES Clean Energy had 3,306 MW under construction in the United States in 2024.[21]

07 Statistics

People & Workforce

People & Workforce shows staffing and reskilling constraints, including 91% of power-and-utilities executives saying organizational reskilling ability determines success over the following five years.

Hiring in the electrical power industry

  • 8,700 people worked in electric-power generation in Michigan in September 2025.[26]
  • 68% of U.S. electric-power-generation utilities described hiring qualified workers as somewhat difficult in 2023.[27]
  • Consolidated Edison hired more than 1,600 employees in 2024, its highest annual hiring total since 1973.[28]
  • 16,600 people worked in Michigan’s electric-power generation, transmission and distribution industry in September 2025.[26]
  • 90% of U.S. electric-power-generation utilities reported that finding qualified workers was very or somewhat difficult in 2023.[27]

Employee retention in the electrical power industry

  • 78% of power-and-utilities executives said retaining employees with in-demand skills was difficult in the 2024 EY survey.[6]
  • 4.8% was Oncor’s annual employee turnover rate in 2024, including 1.8% attributable to retirements.[21]
  • 56% of utility workers had fewer than 10 years of industry experience in the 2023 utility workforce survey.[3]
  • 4.1% was Oncor’s annual voluntary employee turnover rate in 2024.[29]
  • 5.81% was Alectra’s employee turnover rate in 2025, down from 6.47% in 2024.[30]

Remote Work in the utilities and renewable energy sector (sector benchmark)

  • Among U.S. utility employers recruiting new graduates, 9.3% of positions were fully remote in 2024.[31]
  • Across U.S. utilities, 18.2% of employees worked fully remotely in November 2024.[32]
  • U.S. utilities employees worked 31.42% of paid days from home in 2024.[33]
  • U.S. utilities employees worked 22.32% of paid days from home in 2026.[33]

Hybrid Work in the utilities and renewable energy sector (sector benchmark)

  • Across U.S. utilities, 32.5% of employees worked in hybrid arrangements in November 2024.[32]
  • U.S. utilities had 28% of full-time employees in hybrid arrangements during September–December 2024.[34]
  • Across U.S. utilities, 51% of full-time employees worked either hybrid or fully from home during September–December 2024.[34]
  • Among U.S. utility employers recruiting new graduates, 43.4% of positions were fully hybrid in 2024.[31]

Upskilling in the electrical power industry

  • 26% of power-and-utilities executives said their companies were currently retraining existing employees in 2024.[6]
  • 40% of utility workers were in key operational occupations in 2023, up from 32% in 2021.[3]
  • 91% of power-and-utilities executives said organizational reskilling ability would determine success over the following five years in 2024.[6]
  • 86% of power-and-utilities executives said their workforce was agile enough to respond to changing business needs in 2024.[6]
  • 84% of power-and-utilities executives said their organizations had a robust workforce-reskilling plan in 2024.[6]

Employee Engagement in the utilities and renewable energy sector (sector benchmark)

  • Among U.S. energy and utility organizations, 54% reported that frontline disengagement affected productivity in 2023.[35]
  • Across U.S. utilities, 70% of employees were engaged in the July 2025–June 2026 benchmark period.[36]
  • At Southern California Edison, 82% of employees gave a favorable overall engagement response in 2022.[37]
  • Among frontline energy and utilities workers, 57% said workplace communication tools were designed for desk workers rather than them in 2025.[38]

DEI in the electrical power industry

  • 8% of the U.S. electric-power-generation workforce were veterans in 2024.[27]
  • 30% of the U.S. electric-power-generation workforce was women in 2024.[27]
  • 26% of DTE Energy’s workforce were women and 32% were minorities at December 31, 2024.[21]

08 Statistics

Customer & Sales

Customer & Sales tracks engagement quality by channel and satisfaction, including a 2025 share of 28% of customers expecting their local utility to reach clean-energy goals.

Customer experience in the electrical power industry

  • 79 points out of 100 was the 2024 score for investor-owned utilities’ ease of understanding bills in the United States.[39]
  • 82 points out of 100 was the 2024 score for mobile-app quality among U.S. energy-utility customers.[39]
  • 77 points out of 100 was the 2024 score for information about energy-saving ideas among U.S. energy-utility customers.[39]
  • 82 points out of 100 was the 2024 score for reliable electric service among U.S. energy-utility customers.[39]
  • 707 points out of 1,000 was overall residential electric-utility customer satisfaction in the United States in 2024.[19]

Customer retention in the electrical power industry

  • 6.45% was the average annual customer move-out rate for the same electric service territory over 2018–2024.[40]
  • 6.61% was the 2024 customer attrition rate for an electric service territory covered in an Xcel Energy filing in South Dakota.[40]

Customer acquisition in the electrical power industry

  • 42% higher click-through rates were achieved by BGE’s Nextdoor campaign than the campaign average when promoting utility signups.[41]
  • 22% lower cost per conversion was reported for BGE’s Nextdoor campaign promoting utility signups.[41]

Customer loyalty in the electrical power industry

  • 9 consecutive years was the number of times EPB ranked highest in J.D. Power’s South midsize-segment electric-utility satisfaction rankings through 2024.[19]
  • 23 consecutive years was the number of times SRP ranked highest in J.D. Power’s West large-segment electric-utility satisfaction rankings through 2024.[19]

09 Statistics

Marketing & Brand

Marketing & Brand focuses on customer-facing digital engagement and brand signals, with 85 utilities using Oracle Utilities Opower Digital Engagement solutions.

Marketing in the electrical power industry

  • 85 utilities used Oracle Utilities Opower Digital Engagement solutions to support online customer engagement, according to Oracle.[42]
  • 1.25 million customers were served by BGE, Maryland’s largest natural-gas and electric utility, in the campaign case study reported by Nextdoor.[41]

Digital marketing in the electrical power industry

  • 38 points was the 2024 satisfaction advantage of utility mobile apps over desktop websites in J.D. Power’s U.S. study.[19]
  • 49% of U.S. utility customers said in 2024 that personalized information about their energy or water consumption would be helpful.[19]
  • 35% of U.S. utility customers used websites as their primary contact channel in 2024, up from 15% seven years earlier.[19]
  • 54% of U.S. utility customers said in 2024 that they had received personalized information about their energy or water consumption.[19]
  • 17% of U.S. utility customers used mobile apps as their primary contact channel in 2024, up from 5% seven years earlier.[19]

Branding in the electrical power industry

  • $2.3 billion was Tenaga Nasional’s utility brand value in 2026.[43]
  • 91.5 out of 100 was Tenaga Nasional’s 2026 utility brand-strength index score.[43]
  • $2.7 billion was PLN’s utility brand value in 2026.[43]
  • $12.1 billion was Enel’s utility brand value in 2026.[43]
  • $102.4 billion was State Grid Corporation of China’s utility brand value in 2026.[43]

Social media in the electrical power industry

  • 21.9% of 1,404 surveyed Consolidated Utility District customers said they did not use social media in 2025.[44]
  • 19% of 1,404 surveyed Consolidated Utility District customers used YouTube most often among social-media platforms in 2025.[44]
  • 64.1% of 1,404 surveyed Consolidated Utility District customers used Facebook most often among social-media platforms in 2025.[44]
  • 27.6% of 1,404 surveyed Consolidated Utility District customers used Instagram most often among social-media platforms in 2025.[44]
  • 7.4% of 1,404 surveyed Consolidated Utility District customers used Twitter/X most often among social-media platforms in 2025.[44]

Influencer Marketing in the utilities and renewable energy sector (sector benchmark)

  • Across B2B companies, authenticity and credibility were the top influencer-selection criteria for 58% of marketers in 2025.[45]
  • Across B2B companies, 28% of marketers ranked thought leaders or industry analysts as the most effective influencer type in 2025.[45]
  • Across B2B companies, influencer marketing was associated with a 39-percentage-point advantage in brand-awareness goal attainment in 2025.[45]
  • Across B2B companies, 55% were using influencers in 2025, while another 29% planned to adopt influencer marketing within the following year.[45]
  • Across B2B companies, 76% of marketing leaders believed creator collaborations build brand authenticity in 2025.[45]

10 Statistics

Operations & Execution

Operations & Execution centers on reliability, outsourcing, and service performance penalties, including 80% of U.S. interruption hours in 2024 attributed to major events.

Process optimization in the electrical power industry

  • 4.4 interruptions per customer was Hawaii’s average electricity interruption frequency in 2024, the highest among U.S. states.[11]
  • 80% of U.S. electricity-interruption hours in 2024 were attributed to major events such as hurricanes and severe storms.[11]
  • 1.5 interruptions was the average annual U.S. customer interruption frequency in 2024.[11]
  • £29.7 million was the total 2023–24 incentive penalty incurred by Great Britain’s electricity distribution network operators for service-performance results.[46]
  • 1,650 GW of solar and wind projects in advanced development were awaiting grid connections in advanced economies in 2024.[1]

Operational efficiency in the electrical power industry

  • 5.81 mills/kWh was the average 2024 maintenance expense for U.S. investor-owned fossil-steam power plants.[11]
  • 8.97 mills/kWh was the average 2024 operation expense for U.S. investor-owned hydroelectric plants.[11]
  • 2.25 mills/kWh was the average 2024 operation expense for U.S. investor-owned gas-turbine and small-scale plants.[11]
  • 6.10 mills/kWh was the average 2024 maintenance expense for U.S. investor-owned hydroelectric plants.[11]
  • 9.87 mills/kWh was the average 2024 operation expense for U.S. investor-owned nuclear power plants.[11]

Quality management in the electrical power industry

  • 10.9 hours was the average annual U.S. electricity interruption duration in 2024, based on EIA’s national distribution-reliability measure.[11]
  • 98.1% was Eversource Energy’s 2024 on-time emergency-response rate for gas operations.[21]
  • £10.91 million was the largest 2023–24 individual incentive penalty imposed on a Great Britain electricity distribution network operator.[46]
  • 21.2 months was Eversource Energy’s 2024 average interval between electric-service interruptions.[21]
  • 2 hours was the approximate average annual U.S. interruption duration in 2024 when major events were excluded.[11]

Supply chain in the electrical power industry

  • $400 billion was spent annually on electricity grids worldwide, compared with about $1 trillion on generation assets, according to the IEA’s 2025 assessment.[1]
  • $4.77 billion was Con Edison’s 2024 utility capital expenditure, primarily covering electric, gas and steam infrastructure.[21]
  • 1,650 GW of advanced-stage solar and wind capacity was waiting for grid connections in advanced economies in 2024.[1]
  • 60% was the fall in the IEA Clean Energy Equipment Price Index over the decade to early 2024.[1]
  • 60% was the decline in Chinese solar-panel prices between 2022 and early 2024.[1]

Outsourcing / Offshoring in the utilities and renewable energy sector (sector benchmark)

  • 68.4% of U.S. utilities surveyed outsourced bill printing in 2026, based on responses from 95 utilities across 18 states.[47]
  • Approximately 45% of electric transmission, distribution and gas distribution work was outsourced in 2024, projected to exceed 50% over the following five years.[48]
  • 88% of power and utilities executives surveyed planned to rely more on vendors and contractors than previously, in a 2025 global energy survey.[6]
  • 40% of U.S. power and utilities executives surveyed said they would outsource some business functions to external contractors, according to a 2025 survey.[6]
  • 54% of U.S. solar companies surveyed outsourced most solar maintenance in 2025, compared with 60% in Germany and 48% in the United Kingdom.[49]

11 Statistics

Finance & Pricing

Finance & Pricing reflects how rates and market pricing flow through utility results, with 20% decline in average wholesale electricity prices in 2024.

Pricing strategy in the electrical power industry

  • 5% was the approximate maximum share of time that most European electricity markets recorded negative prices in 2024.[1]
  • 20% was the approximate decline in average wholesale electricity prices in the European Union, India, the United Kingdom and the United States in 2024.[1]
  • 8.0% was Southern Company’s increase in electric operating revenue in 2024, driven partly by rates and pricing.[50]
  • 43 USD/MWh was Spain’s average electricity price in the first quarter of 2024, according to the IEA.[1]
  • $1.309 billion was the 2024 increase in Southern Company retail-electric revenue attributable to rates and pricing.[50]

Cost reduction in the electrical power industry

  • $212 million was Southern Company’s 2024 reduction in electric-fuel expense compared with 2023.[50]
  • $269 million was Duke Energy’s 2024 reduction in fuel used for electric generation and purchased-power expense compared with 2023.[51]
  • $700 million was Con Edison’s 2024 increase in total operating expenses compared with 2023, including purchased power, operations and maintenance, depreciation and taxes.[21]
  • $47 million was Southern Company’s 2024 estimated loss on Plant Vogtle Units 3 and 4, compared with a larger loss in 2023.[50]
  • 60% was the reduction in Chinese solar-panel prices from 2022 to early 2024.[1]

Profitability in the electrical power industry

  • $2.115 billion was Entergy’s 2024 adjusted utility-business earnings attributable to the corporation.[52]
  • $4.332 billion was Southern Company’s 2024 net income from its electricity business before noncontrolling interests.[50]
  • $1.868 billion was Con Edison’s 2024 adjusted net income for common stock.[53]
  • $877.9 million was Evergy’s 2024 adjusted earnings.[54]
  • $1.827 billion was Entergy’s 2024 as-reported utility-business earnings attributable to the corporation.[52]

Financial planning in the electrical power industry

  • $2 billion was Eversource Energy’s planned Massachusetts transmission-and-distribution investment through 2029.[21]
  • $24.2 billion was Eversource Energy’s planned five-year capital investment through 2029.[21]
  • $1 trillion was annual global investment in electricity-generation assets in the IEA’s 2025 assessment.[1]
  • $185 million was the annual base-rate increase authorized for IPL’s Iowa retail electric and gas rate review for the October 2024–September 2025 test period.[21]
  • $4.77 billion was Con Edison’s 2024 utility capital expenditure.[21]

12 Statistics

Product & Service

Product & Service data links physical assets to lifecycle expectations, with 40–60 years as the typical design lifetime of power transformers.

Product development in the electrical power industry

  • 19,200 granted patents were held by Siemens Energy in continuing operations as of September 30, 2024.[55]
  • EUR 1,209 million was Siemens Energy’s R&D expense in fiscal 2024.[55]
  • USD 55 billion was estimated for global public energy R&D spending in 2025, including electric-power technologies, worldwide.[1]
  • USD 2 billion was Schneider Electric’s grid-sector R&D spending in 2024, making it the largest spender among IEA Member-country companies.[56]
  • 3.5% was Siemens Energy’s R&D intensity in fiscal 2024, calculated as R&D expenses divided by revenue.[55]

Product lifecycle in the electrical power industry

  • 10–15 years is the typical design lifetime of EV chargers in electricity infrastructure.[56]
  • 40–60 years is the typical design lifetime of power transformers.[1]
  • 30–40 years is the typical design lifetime of circuit breakers.[56]
  • 20–30 years is the typical design lifetime of solar photovoltaic systems.[56]
  • 40–50 years is the typical design lifetime of underground cables.[56]

After-sales in the electrical power industry

  • 27% of the 44 largest U.S. electric, natural-gas and water utilities evaluated in 2024 did not offer a mobile app.[19]
  • USD 19.898 billion was spent on maintenance by major U.S. investor-owned electric utilities in 2024.[11]
  • 54% of U.S. utility customers said in 2024 that they had received personalized information about energy or water consumption.[19]
  • 90% was Unitil’s overall customer-satisfaction result in 2024 for its U.S. electric division’s residential customers.[21]
  • 35% of U.S. utility customers used websites as their primary contact channel in 2024.[19]

Value proposition in the electrical power industry

  • USD 3.1 million per year was the estimated saving from a PG&E predictive-maintenance project through increased transformer reliability.[14]
  • USD 350,000 per year was the estimated saving from a PG&E analytics project detecting electricity theft.[14]
  • 28% of U.S. customers in 2025 said their local electric utility would reach its clean-energy goal.[20]
  • 38 points higher was satisfaction with utility mobile apps than utility desktop websites in the 2024 study.[19]
  • 31 points was the customer-satisfaction difference between U.S. utilities with strong versus weak brand appeal during a lengthy outage.[20]

13 Statistics

Sustainability & Ethics

Sustainability & Ethics ties generation mix to emissions and targets, including 43% of global electricity generation from low-emissions sources in 2025.

Sustainability in the electrical power industry

  • 34% of global electricity generation came from renewable sources in 2025.[1]
  • 23% of United States electricity generation came from renewable sources in 2024.[1]
  • 27% of United States electric utility customers knew whether their provider had declared a greenhouse-gas elimination goal in 2025.[19]
  • 17% of global electricity generation came from wind and solar photovoltaic power in 2025.[1]
  • 43% of global electricity generation came from low-emissions sources in 2025, including renewables and nuclear power.[1]

ESG in the electrical power industry

  • 21% of DTE Energy’s total managed procurement spend was diversity spend in 2024.[57]
  • 80% of United States electric utility customers were served by a utility with a 100% carbon-reduction target in 2024.[19]
  • 35.42% was Edison International’s supplier-diversity spend rate in 2024.[58]
  • 11% of DTE Energy employees were eligible to retire within five years in 2024.[57]
  • 57% of PG&E Corporation board members were women or racially or ethnically diverse in 2024.[59]

Ethics in the electrical power industry

  • 703 self-reports were received by FERC Enforcement staff during fiscal years 2020 through 2024.[60]
  • 158 self-reports were closed by FERC Enforcement staff in fiscal year 2024.[60]
  • $750,000 was the settlement amount Con Edison agreed to pay in a 2025 case alleging harassment of female field workers.[61]
  • 36 self-reports remained pending at the end of fiscal year 2024.[60]
  • $7 million was the settlement amount associated with an Arizona utility’s agreement not to disconnect customers during forecast temperatures of at least 95°F.[61]

CSR in the electrical power industry

  • 3.5 million clean-energy jobs were recorded in the United States in 2023.[62]
  • 3.1% was the year-over-year growth in United States energy-sector jobs from 2022 to 2023.[62]
  • 199,215 public electric-vehicle charging ports had been installed cumulatively in the United States by February 2025.[62]
  • $41.305 billion was the four-quarter rolling total of United States battery-manufacturing investment reported in July 2024.[62]
  • 8.4 million energy-sector jobs were recorded in the United States in 2023.[62]

Circular economy in the electrical power industry

  • 11,167,281 kilograms of material were recycled by Enexis in 2024 according to its circular-economy reporting.[63]
  • 1% was Enexis’s reduction in primary raw materials per unit of low-voltage cable product in 2024 compared with 2014.[63]
  • 455 additional transformers were tagged by Edison International for repair in 2024.[64]
  • 233 kilotonnes of end-of-life lithium-ion batteries are projected to become available for recycling in India by 2035, including batteries from electric-vehicle and energy-storage systems.[65]
  • 3,340 metric tons of carbon emissions were reduced by EPB in its reported sustainability program.[66]

Carbon footprint in the electrical power industry

  • 28% was the fossil-fuel share of European Union electricity generation in 2024.[1]
  • 44% of global carbon-dioxide emissions from fuel combustion came from electricity and heat generation in 2024.[1]
  • 73% of global electricity-and-heat-generation carbon-dioxide emissions came from coal plants in 2024.[1]
  • 0.5% was the increase in global power-generation carbon-dioxide emissions from 2023 to 2024.[1]
  • 422.5 parts per million was the global atmospheric carbon-dioxide concentration in 2024.[1]

15 Statistics

Globalization & Expansion

Globalization & Expansion highlights the buildout pressure on grids, including 700 GW of renewable capacity added worldwide in 2024.

Globalization in the electrical power industry

  • 4.45 TW of renewable power capacity was installed globally at the end of 2024.[22]
  • 700 GW of renewable capacity was added worldwide in 2024, according to the IEA estimate.[1]
  • Renewables and nuclear together supplied two-fifths of global electricity generation in 2024.[1]
  • Global renewable power capacity increased 15.1% during 2024.[22]
  • China accounted for almost two-thirds of renewable capacity connected to the global grid in 2024.[1]

Cultural adaptation in the electrical power industry

  • Brazil added more than 16.5 GW of solar PV capacity in 2024 through utility-scale and distributed installations.[1]
  • China’s residential solar PV market added 30 GW in 2024, representing less than 10% of national solar additions.[1]
  • AES Renewables included projects serving utilities, municipalities, educational institutions and nonprofits in 2024.[23]
  • The European Union installed around 60 GW of solar PV capacity in 2024.[1]
  • AES employed 526 people in Israel, 713 in the United States and 273 in other countries at December 31, 2024.[21]

Supplier management in the electrical power industry

  • Investment in electricity grids reached USD 375 billion globally in 2023, growing at an average 9% annually.[1]
  • Global renewable-energy projects had almost 4,400 GW in connection queues in 2026, increasing pressure on grid supply chains.[1]
  • Advanced economies and China accounted for 80% of global grid spending in 2024.[1]
  • Battery-storage investment reached USD 40 billion globally in 2023.[1]
  • Chinese solar exports to developing economies exceeded exports to advanced economies in early 2025.[1]

Stakeholder management in the electrical power industry

  • National Grid’s UK electricity-distribution customer-satisfaction score was 9.01 out of 10 in 2025/26.[21]
  • UGI Utilities served approximately 62,900 electric customers in northeastern Pennsylvania in fiscal 2024.[21]
  • Hurricane Debby caused approximately 700,000 customer outages across Duke Energy territories in 2024.[21]
  • National Grid’s UK electricity-transmission customer-satisfaction score was 7.0 out of 10 in 2025/26.[21]
  • UGI Utilities’ electric sales volume in fiscal 2024 comprised 56% residential, 33% commercial and 11% industrial and other customers.[21]

Distribution channels in the electrical power industry

  • Eleven retail electric-generation suppliers provided energy representing approximately 23% of UGI Electric’s sales volume in fiscal 2024.[21]
  • The reported utility delivered 74,111 GWh of electricity in 2024.[21]
  • UGI Utilities operated approximately 2,700 miles of transmission and distribution lines in fiscal 2024.[21]
  • The average electricity customer count for the reported utility was 5,606,873 in 2024.[21]
  • Commercial electricity revenue for the reported utility was USD 7.201 billion in 2024.[21]

Key questions about the electrical power industry

What is the size of the U.S. retail electricity market?
The U.S. retail electricity market reached 4,058 billion kWh in 2025 (vs 3,975 billion kWh in 2024). That is the latest available national sales measure.
How fast is electricity demand expected to grow globally in the near term?
Global electricity demand is expected to grow by 3.9% per year from 2025 to 2027. Renewables are forecast to meet about 95% of global demand growth during that period.
Which companies lead the electrical power industry?
GE Vernova leads Gitnux's 2026 electrical power ranking with an Overall score of 9.4, with $150 billion backlog in 2025. NextEra Energy is the highest-ranked electric utility operator at 9.3, driven by $27.4 billion operating revenue in 2025.
What technology shifts are most visible in grid operations and automation?
Utilities report heavy use of automation and analytics, including 62% using robotic process automation in 2024 and 90% maintaining or increasing operational-technology expenditure in 2024. In 2026, 41% of utilities said advanced-metering-infrastructure data was fully embedded and scalable across daily workflows.
How is the U.S. electricity system structured in terms of ownership and capacity?
The U.S. system combines regulated utilities with independent power producers and combined heat-and-power facilities. In 2024, net summer capacity totaled 1,230,416 MW, including 624,145 MW held by electric utilities and 606,272 MW held by independent power producers and CHP facilities.
How does regulation affect transmission planning and costs in the U.S.?
FERC Order No. 1920 (May 2024) requires transmission providers to develop long-term regional transmission plans covering at least 20 years and to establish new cost-allocation methods. A subsequent order expanded the role of state regulators in transmission planning and cost allocation.
Reference

Cite This Report

This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.

APA
Samuel Norberg. (2026, November 11). Electrical Power Industry Statistics. Gitnux. https://gitnux.org/electrical-power-industry-statistics
MLA
Samuel Norberg. "Electrical Power Industry Statistics." Gitnux, 11 Nov 2026, https://gitnux.org/electrical-power-industry-statistics.
Chicago
Samuel Norberg. 2026. "Electrical Power Industry Statistics." Gitnux. https://gitnux.org/electrical-power-industry-statistics.

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