Tools commonly used in the Electric Companies industry for day-to-day tasks and operations.

• Power quality analyzers
• Digital multimeters
• Insulation testers
• Circuit tracers
• Cable fault locators
• Voltage detectors
• Clamp meters
• Megohmmeters
• Oscilloscopes
• Infrared cameras

Common products and services typical of NAICS Code 221122-02, illustrating the main business activities and contributions to the market.

• Power grid management
• Electrical distribution systems
• Electric power transmission
• Electrical substation construction
• Electrical equipment installation
• Electrical maintenance and repair
• Renewable energy generation
• Smart grid technology
• Energy storage systems
• Electric vehicle charging stations

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• North American Electric Reliability Corporation (NERC) Certification: NERC is a non-profit organization that develops and enforces reliability standards for the bulk power system in North America. Electric companies must comply with these standards and obtain certification from NERC.
• Federal Energy Regulatory Commission (FERC) License: FERC is an independent agency that regulates the interstate transmission of electricity, natural gas, and oil. Electric companies must obtain a license from FERC to operate in the US.
• Environmental Protection Agency (EPA) Permit: Electric companies must obtain a permit from the EPA to operate power plants and other facilities that emit pollutants into the air or water.
• Occupational Safety and Health Administration (OSHA) Certification: Electric companies must comply with OSHA regulations to ensure the safety of their workers. OSHA offers certification programs for various safety-related topics.
• National Institute for Certification In Engineering Technologies (NICET) Certification: NICET offers certification programs for various engineering technologies, including electrical power testing and maintenance. Electric companies may require their employees to obtain NICET certification.

A concise historical narrative of NAICS Code 221122-02 covering global milestones and recent developments within the United States.

• The Electric Companies industry has a long and storied history, dating back to the late 19th century when the first electric power plants were built in the United States. The industry has seen many key milestones and notable advancements over the years, including the development of alternating current (AC) power transmission, the construction of large-scale hydroelectric dams, and the widespread adoption of smart grid technology. In recent history, the industry has faced challenges such as deregulation, increased competition from renewable energy sources, and the need to modernize aging infrastructure. Despite these challenges, electric companies have continued to innovate and adapt to changing market conditions, ensuring that they remain a vital part of the energy landscape in the United States and around the world. In the United States, the electric industry has undergone significant changes in recent years. The industry has shifted away from a vertically integrated model, where a single company controlled all aspects of power generation, transmission, and distribution, to a more decentralized model where multiple companies compete in each segment of the industry. This shift has been driven by deregulation, which has opened up the industry to new players and increased competition. In addition, the industry has seen a rapid increase in the adoption of renewable energy sources such as wind and solar power, which has led to a decline in the use of traditional fossil fuels. Despite these changes, electric companies have continued to invest in new technologies and infrastructure, ensuring that they remain at the forefront of the energy industry in the United States.

The anticipated future trajectory of the NAICS 221122-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The electric companies industry in the USA is expected to experience steady growth in the coming years. The increasing demand for electricity, coupled with the growing adoption of renewable energy sources, is expected to drive the industry's growth. The industry is also expected to benefit from the development of smart grid technologies, which will improve the efficiency and reliability of the power grid. However, the industry is also facing challenges such as aging infrastructure, cybersecurity threats, and regulatory uncertainty. Overall, the industry is expected to continue to grow, but companies will need to adapt to changing market conditions to remain competitive.

Recent groundbreaking advancements and milestones in the Electric Companies industry, reflecting notable innovations that have reshaped its landscape.

• Smart Grid Technologies: Electric companies are investing in smart grid technologies to improve the efficiency and reliability of the power grid. These technologies include advanced metering infrastructure, distribution automation, and demand response systems.
• Renewable Energy: Many electric companies are investing in renewable energy sources such as wind and solar power. This not only helps to reduce carbon emissions but also provides a new source of revenue for the companies.
• Energy Storage: Electric companies are also investing in energy storage technologies such as batteries and pumped hydro storage. These technologies can help to balance the supply and demand of electricity and improve the reliability of the power grid.
• Electric Vehicle Charging Infrastructure: With the growing adoption of electric vehicles, electric companies are investing in charging infrastructure to support this new market.
• Cybersecurity: Electric companies are investing in cybersecurity measures to protect the power grid from cyber threats. This includes measures such as firewalls, intrusion detection systems, and employee training programs.