From 2024 to 2028, the Electric Power Transmission, Control, and Distribution industry in the US is expected to show a steady increase in gross output. The forecasted values indicate a gradual year-on-year growth, reflecting confidence in continued expansion and demand for electricity services. The industry gross output was approximately 178 billion USD in 2023. The yearly growth rates between 2024 and 2028 highlight moderate increases around 0.58% annually, leading to a compound annual growth rate (CAGR) of approximately 0.56% over these five years.
Future trends to watch for include innovations in smart grid technology, shifts towards renewable energy integration, and regulatory changes that may impact industry dynamics and growth rates. Sustainability and grid modernization will be pivotal in shaping future demands.
