NAICS Code 541618-33 - Utility Management

Marketing Level - NAICS 8-Digit

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NAICS CODE 541618-33
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Looking for more companies? See NAICS 541618 - Other Management Consulting Services - 39,551 companies, 167,266 emails.

NAICS Code 541618-33 Description (8-Digit)

Utility Management is a subdivision of Other Management Consulting Services that involves providing consulting services to companies and organizations in the utility industry. This industry is responsible for managing and maintaining public utilities such as electricity, gas, water, and sewage systems. Utility Management consultants work with utility companies to improve their operations, reduce costs, and increase efficiency. They also help companies comply with regulations and implement new technologies to improve their services.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541618 page

Tools

Tools commonly used in the Utility Management industry for day-to-day tasks and operations.

  • Geographic Information Systems (GIS) software
  • Asset management software
  • Energy management software
  • Customer information systems (CIS)
  • Workforce management software
  • Meter data management software
  • Outage management systems (OMS)
  • Distribution management systems (DMS)
  • Enterprise resource planning (ERP) software
  • Customer relationship management (CRM) software

Industry Examples of Utility Management

Common products and services typical of NAICS Code 541618-33, illustrating the main business activities and contributions to the market.

  • Electric power generation
  • Natural gas distribution
  • Water supply and irrigation systems
  • Sewage treatment facilities
  • Waste management and remediation services
  • Renewable energy generation
  • Energy storage systems
  • Smart grid technology
  • Energy efficiency consulting
  • Utility billing and payment processing

History

A concise historical narrative of NAICS Code 541618-33 covering global milestones and recent developments within the United States.

  • The utility management industry has a long history dating back to the early 20th century when the first electric power plants were built. The industry has since grown to encompass a wide range of services, including water and wastewater management, energy management, and waste management. Notable advancements in the industry include the development of smart grid technology, which allows for more efficient energy distribution, and the increased use of renewable energy sources. In recent years, the industry has also seen a shift towards more sustainable practices, with many companies implementing green initiatives to reduce their environmental impact. In the United States, the utility management industry has undergone significant changes in recent history. The deregulation of the energy industry in the 1990s led to increased competition and the emergence of new players in the market. This, in turn, led to a greater focus on customer service and the development of new technologies to improve efficiency and reduce costs. More recently, the industry has faced challenges related to climate change and the need to transition to more sustainable energy sources. Many companies are now investing in renewable energy and exploring new ways to reduce their carbon footprint.