|Last Quarterly Update:||10/28/2013|
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Companies in this industry operate electric power generation facilities that convert other forms of energy, such as fossil fuels, nuclear, water, wind, and solar power, into electrical energy. Major companies include American Electric Power, AES, Dominion Resources, and Duke Energy (all based in the US); China HuaNeng Group and China Power; Tokyo Electric Power Company; and Inter RAO (Russia).
The global electricity industry generates about 20 trillion kilowatt hours (KWh) of electricity. The leading countries in electricity generation are the US, China, Japan, and Russia. About 20 percent of the world's population does not have access to electricity, resulting in an unmet demand that will fuel industry growth in areas like India and Africa.
The US electric power generation industry consists of about 480 companies with combined annual revenue of about $120 billion. Key growth drivers include renewable power generation and further development of electric vehicles.
Government entities and cooperatives that own generating plants are not included in the industry. Companies that transmit and distribute electricity are covered in the Electric Power Transmission, Distribution & Marketing industry profile. Companies that generate electricity only from wind are covered in the Wind Power Generation profile. Companies that generate electricity only from the sun are covered in the Solar Power Generation profile.
Demand is driven by commercial, government, and residential needs for electrical power, which depend mainly on economic activity and population growth. Profitability ...
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