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
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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
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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
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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
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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
Tennessee Valley Authority
Next Era Energy
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
2.1 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
3.6 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
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
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
8.2 Duke Energy Corp
8.3 Tennessee Valley Authority
8.4 Exelon Corp
8.5 Dominion Energy Inc
8.6 NRG Energy Inc
8.7 Southern Power Co
9.2 Market Definitions
Modelling and Forecasting
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Frequently asked questions
What was the US power market cumulative installed capacity in 2021?
The cumulative installed capacity of the US power market was 1292.7 GW in 2021.
What is the US power market growth rate?
The US power market is expected to achieve a CAGR of more than 3% from 2021-2035.
What are the key sectors in the US power market?
The key sectors in the US power market are the residential sector, commercial sector, industrial sector, and transport sector.
What are the key deal types in the US power market?
The key deal types in the US power market are venturing financing, asset transactions, debt offerings, acquisitions, partnerships, equity offerings, and private equity deals.
Who are the leading players in the US power market?
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.
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