United States (US) Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035

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US Power Market Overview

The cumulative installed capacity in the United States (US) power market was valued at 1292.7 GW in 2021 and is expected to achieve a CAGR of more than 3% during 2021-2035. During this period, renewable power is expected to witness rapid growth.

US Power Market Outlook

US Power Market Outlook

For more insights into the US power market forecast, download a free sample report

The US power market research report discusses the power market structure of the US and provides historical and forecast numbers for capacity, generation, and consumption up to 2035. A detailed analysis of the country’s power market regulatory structure, competitive landscape, and a list of major power plants are provided. The report also gives a snapshot of the power sector in the country on broad parameters of macroeconomics, supply security, generation infrastructure, transmission and distribution infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential. Moreover, an analysis of the deals in the country’s power sector is also included in the report.

Market Size (2021) 1292.7 GW
CAGR (2021 – 2035) >3%
Key Sectors Residential Sector, Commercial Sector, Industrial Sector, and Transport Sector
Key Deal Types Venturing Financing, Asset Transactions, Debt Offerings, Acquisitions, Partnerships, Equity Offerings, and Private Equity Deals
Leading Players Duke Energy, Tennessee Valley Authority, Exeloncorp, Next Era Energy, Dominion Energy, NRG, Southern Power, and Others

US Power Market Dynamics

The US is actively involved in power exchanges with neighboring countries including Canada and Mexico. Power imports have increased steadily over recent years and in 2021, the country was a net importer. The US generates power from a diverse range of sources including coal, gas, oil, hydropower, renewable and nuclear power.

The Department of Energy (DoE) is responsible for advancing the national, economic, and energy security of the US by implementing policies regarding nuclear power, fossil fuels, and alternative energy resources. The US Government has provided generous support to the renewable sector over the past 10 years, owing to the country’s need for stability and independence in its energy policy, and has prepared a supportive regulatory framework and provided financial backing.

Furthermore, the US government has provided generous support to the renewable energy industry over the past 10 years, owing to the country’s need for stability and independence in its energy policy, and has prepared a supportive regulatory framework and provided financial backing. The Section 203 of the Energy Policy Act of 2005 established the renewable electricity requirement which mandates that the federal government must consume at least more than 7% of its total electricity from renewable sources.

US Power Market Segmentation by Key Sectors

The key sectors in the US power market are the residential sector, commercial sector, industrial sector, and transport sector. In 2021, the residential sector had the dominant share in US’s power consumption market, followed by the commercial sector.

US Power Market Analysis by Sectors

US Power Market Analysis by SectorsFor more sector insights into the US power market, download a free sample report

US Power Market Segmentation by Deal Types

The key deal types in the US power market are venturing financing, asset transactions, debt offerings, acquisitions, partnerships, equity offerings, and private equity deals. In 2021, US’s power deals market was dominated by venture financing, followed by asset transactions and debt offerings.

The US Power Market Analysis by Deal Types

The US Power Market Analysis by Deal Types

For more deal-type insights into the US power market, download a free sample report

US Power Market - Competitive Landscape

Some of the leading players in the US power market are Duke Energy, Tennessee Valley Authority, Exeloncorp, Next Era Energy, Dominion Energy, NRG, Southern Power, and others. US’s power generation market was dominated by Duke Energy in 2021.

US Power Market Analysis by Leading Players

US Power Market Analysis by Leading PlayersTo know more about the leading players in the US power market, download a free sample report

Scope

This report provides:

  • Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector.
  • Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast for the next 14 years to 2035
  • Capacity, generation, and major power plants by technology
  • Data on leading active and upcoming power plants
  • Information on transmission and distribution infrastructure, and electricity imports and exports
  • Policy and regulatory framework governing the market
  • Detailed analysis of top market participants, including market share analysis and SWOT analysis

Reasons to Buy

  • Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
  • Identify key factors driving investment opportunities in the country’s power sector
  • Facilitate decision-making based on strong historic and forecast data
  • Develop strategies based on the latest regulatory events
  • Position yourself to gain the maximum advantage of the industry’s growth potential
  • Identify key partners and business development avenues
  • Identify key strengths and weaknesses of important market participants
  • Respond to your competitors’ business structure, strategy, and prospects

Duke Energy
Tennessee Valley Authority
Exeloncorp
Next Era Energy
Dominion Energy
NRG
Southern Power

Table of Contents

Table of Contents

1. Executive Summary

1.1 Offshore wind key to achieve US’s climate goals

1.2 Renewables to overtake thermal power in the capacity mix by 2030

2. Introduction

2.1 US Power Market

2.2 GlobalData Report Guidance

3. US Power Market, Snapshot

3.1 Country Summary

3.2 Macroeconomic Factors

3.3 Supply Security

3.4 Opportunities

3.5 Challenges

3.6 Impact of COVID-19

4. US Power Market, Market Analysis

4.1 Market Structure

4.2 Key Market Players

4.3 Financial Deals

Deal Value and Volume, 2010–2021

Deals by Type, 2021

4.4 US Power Market, Demand Structure

Power Consumption by Sector, 2021

5. US Power Market, Regulatory Scenario

5.1 Thermal Power Policy

5.2 Nuclear Power Policy

5.3 Climate Goals in Federal Fiscal Year 2023 Budget

5.4 Tax Cuts and New Jobs Act (TCJA)

5.5 Inflation Reduction Act (IRA)

5.6 Production Tax Credits

5.7 Investment Tax Credits

5.8 Modified Accelerated Cost Recovery System

5.9 Possible Introduction of Solar Manufacturing Tax Credit

5.10 Residential Renewable Energy Tax Credit

5.11 Renewable Energy Target

5.12 Rural Energy for America Program: Grants

5.13 Tribal Energy Program Grant

5.14 US Department of Energy – Loan Guarantee Program

5.15 Green Power Purchasing Goal

5.16 Federal Initiatives for Solar Power

SunShot Initiative, 2030

Solar Funding

5.17 Federal Initiatives for Wind Power

5.18 Federal Initiatives for Biopower and Biofuels

Energy Policy Act – Alternative Fuels

Biorefinery Assistance Program

5.19 DOE Funding for Renewables and Geothermal Energy

5.20 Hydrogen Energy – DOE Hydrogen Program

5.21 Common State-Level Incentives

Renewable Portfolio Standards

Renewable Energy Certificates

Public Benefit Funds for Renewable Energy

Interconnection Standards

Net Metering

Property Assessed Clean Energy (PACE)

6. US Power Market, Capacity and Generation

6.1 Cumulative Capacity Share by Technology, 2021

6.2 Total Power Capacity and Generation, 2010–2035

6.3 Thermal Power Capacity and Generation, 2010–2035

6.4 Hydropower Capacity and Generation, 2010–2035

6.5 Nuclear Power Capacity and Generation, 2010–2035

6.6 Renewable Power Capacity and Generation, 2010–2035

7. US Power Market, Transmission and Distribution Overview

7.1 Transmission Network

7.2 Distribution Network

7.3 Electricity Import and Export

7.4 Grid Interconnection

8. US Power Market, Major Generating Companies

8.1 NextEra Energy Inc

Company Overview

Business Description

SWOT Overview

8.2 Duke Energy Corp

Company Overview

Business Description

SWOT Overview

8.3 Tennessee Valley Authority

Company Overview

Business Description

SWOT Overview

8.4 Exelon Corp

Company Overview

Business Description

SWOT Overview

8.5 Dominion Energy Inc

Company Overview

Business Description

SWOT Overview

8.6 NRG Energy Inc

Company Overview

Business Description

SWOT Overview

8.7 Southern Power Co

Company Overview

Business Description

9. Appendix

9.1 Abbreviations

9.2 Market Definitions

Power

Renewable Power

Installed Capacity

Electricity Generation

Electricity Consumption

9.3 Methodology

Coverage

Secondary Research

Primary Research

Modelling and Forecasting

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Table

Table 1: Power Market, US, Macroeconomic Factors, 2010–2030

Table 2: Renewable Energy Project Tax Components and changes with new tax code, US

Table 3: Renewable Energy Market, US, Investment Tax Credit

Table 4: Renewable Energy Market, US, Green Power Purchasing Goal (%), 2018–2025

Table 5: Renewable Energy Market, US, Sun shot Progress and Goals

Table 6: Renewable Energy Market, US, Renewable Portfolio Standards, State Targets

Table 7: Power Market, US, Cumulative Capacity and Annual Generation, 2010–2035

Table 8: Power Market, US, Cumulative Capacity and Annual Generation Share by Technology, 2010–2035

Table 9: Thermal Power Market, US, Cumulative Capacity and Annual Generation, 2010–2035

Table 10: Thermal Power Market, US, Major Plants, 2021

Table 11: Hydropower Market, US, Cumulative Capacity and Annual Generation, 2010–2035

Table 12: Hydropower Market, US, Major Plants, 2021

Table 13: Nuclear Power Market, US, Cumulative Capacity and Annual Generation, 2010–2035

Table 14: Nuclear Power Market, US, Major Plants, 2021

Table 15: Renewable Power Market, US, Cumulative Capacity (GW), 2010–2035

Table 16: Renewable Power Market, US, Annual Generation (TWh), 2010–2035

Table 17: Renewable Power Market, US, Major Plants, 2021

Table 18: Power Market, US, Transmission Line Length (Ckm) by Voltage Level, 2010–2025

Table 19: Power Market, US, Distribution Line Length (Ckm) by Voltage Level, 2010–2025

Table 20: Power Market, US, Annual Electricity Import and Export (TWh), 2000–2020

Table 21: Power Market, US, Upcoming Interconnection Projects

Table 22: Abbreviations

Figures

Figure 1: Offshore Wind, US, Cumulative Capacity (GW) and Annual Generation (TWh), 2016–2035

Figure 2: Power Market, US, Capacity Share by Technology, 2010–2035

Figure 3: Power Market, US, Country Summary

Figure 4: Power Market, US, Macroeconomic Factors, 2010–2030

Figure 5: Power Market, US, Market Structure

Figure 6: Power Market, US, Market Share of Generation Companies (%), 2021

Figure 7: Power Market, US, Deal Value and Number of Deals, 2010–2021

Figure 8: Power Market, US, Deals by Type (%), 2021

Figure 9: Power Market, US, Annual Power Consumption, 2010–2035

Figure 10: Power Market, US, Power Consumption by Sector (%), 2021

Figure 11: Power Market, US, Cumulative Capacity Share by Technology (%), 2021

Figure 12: Power Market, US, Cumulative Capacity and Annual Generation, 2010–2035

Figure 13: Power Market, US, Capacity Share by Technology, 2010–2035

Figure 14: Power Market, US, Annual Generation Share by Technology, 2010–2035

Figure 15: Thermal Power Market, US, Cumulative Capacity and Annual Generation, 2010–2035

Figure 16: Hydropower Market, US, Cumulative Capacity and Annual Generation, 2010–2035

Figure 17: Nuclear Power Market, US, Cumulative Capacity and Annual Generation, 2010–2035

Figure 18: Renewable Power Market, US, Cumulative Capacity, 2010–2035

Figure 19: Renewable Power Market, US, Annual Generation, 2010–2035

Figure 20: Power Market, US, Annual Electricity Import and Export, 2000–2021

Frequently asked questions

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