2024 Utilities Industry Statistics Report

Utilities - Market Size and Industry Forecast

The 2024 Utilities Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Utilities industry.

Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Utilities - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Utilities companies in the United States.

Utilities Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesUtilities
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Utilities - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Utilities - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Utilities - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations7%


Top Executives5%
Chief Executives0%
General and Operations Managers5%
General and Operations Managers2%
Operations Specialties Managers6%
Other Management Occupations5%
Business and Financial Operations Occupations8%
Business Operations Specialists6%
Financial Specialists5%
Architecture and Engineering Occupations9%
Electrical and Electronics Engineers8%
Electrical Engineers7%
Nuclear Engineers14%
Nuclear Engineers14%
Drafters, Engineering Technicians, and Mapping Technicians6%
Life, Physical, and Social Science Occupations11%
Life, Physical, and Social Science Technicians10%
Nuclear Technicians9%
Nuclear Technicians9%
Protective Service Occupations11%
Other Protective Service Workers10%
Security Guards and Gaming Surveillance Officers10%
Security Guards10%
Sales and Related Occupations8%
Office and Administrative Support Occupations17%
Information and Record Clerks6%
Customer Service Representatives5%
Customer Service Representatives5%
Material Recording, Scheduling, Dispatching, and Distributing Workers5%
Other Office and Administrative Support Workers5%
Office Clerks, General5%
Office Clerks, General5%
Construction and Extraction Occupations5%
Supervisors of Construction and Extraction Workers6%
First-Line Supervisors of Construction Trades and Extraction Workers6%
First-Line Supervisors of Construction Trades and Extraction Workers6%
Construction Trades Workers12%
Solar Photovoltaic Installers6%
Solar Photovoltaic Installers6%
Installation, Maintenance, and Repair Occupations27%
Electrical and Electronic Equipment Mechanics, Installers, and Repairers7%
Miscellaneous Electrical and Electronic Equipment Mechanics, Installers, and Repairers6%
Electrical and Electronics Repairers, Powerhouse, Substation, and Relay6%
Other Installation, Maintenance, and Repair Occupations19%
Control and Valve Installers and Repairers9%
Control and Valve Installers and Repairers, Except Mechanical Door9%
Industrial Machinery Installation, Repair, and Maintenance Workers7%
Industrial Machinery Mechanics7%
Line Installers and Repairers11%
Electrical Power-Line Installers and Repairers10%
Maintenance and Repair Workers, General5%
Maintenance and Repair Workers, General5%
Wind Turbine Service Technicians39%
Wind Turbine Service Technicians39%
Production Occupations14%
Supervisors of Production Workers5%
First-Line Supervisors of Production and Operating Workers5%
First-Line Supervisors of Production and Operating Workers5%
Plant and System Operators11%
Power Plant Operators, Distributors, and Dispatchers7%
Nuclear Power Reactor Operators10%
Power Plant Operators6%
Water and Wastewater Treatment Plant and System Operators26%
Water and Wastewater Treatment Plant and System Operators26%
Miscellaneous Plant and System Operators5%

Government Contracts

In the past, the federal government spent an annual total of $1,654,528,284 on the utilities industry. It has awarded 10,789 contracts to 1,986 companies, with an average value of $833,096 per company.

Utilities and Adjacent Industries - Top Companies

($ Millions)


Utilities Industry Research
GeographyUnited States  
Publication DateJuly 2024
Report FormatPDF Download  PDF

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