Mobile Menu
United States
US NAICS 22111a | Industry Report

Coal & Natural Gas Power in the US Industry Data and Analysis

SB
Shahool Al Bari
Analyst New York, United States December 2025

The United States consumes 4.2 trillion kilowatt-hours of electricity, and over half of that power is produced by coal and natural gas power plants. Coal-based power has historically been the leading source of electricity in the United States. The surge in natural gas availability and the implementation of stringent environmental regulations have led to a major structural transformation in the industry. Industry revenue is set to swell at a CAGR of 2.1% to $105.2 billion through 2025, including a 1.8% uptick in 2025 alone.

Continue reading

Access this data your way

The Coal & Natural Gas Power in the US Industry analysis is available in multiple formats to fit seamlessly into your workflow.

IBISWorld Industry Report platform

IBISWorld Platform

Answer any industry question in minutes with our entire database at your fingertips.

Screen of code example for the IBISWorld api

API Data Delivery

Feed trusted, human-driven industry intelligence straight into your platform.

IBISWorld Data integration with a Client user interface

Integrations

Streamline your workflow with IBISWorld’s intelligence built into your toolkit.

What's included in this industry analysis

IBISWorld's research coverage on the Coal & Natural Gas Power industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released December 2025.

About this industry

What's this industry report about?

The Coal & Natural Gas Power industry in the United States operates under the NAICS industry code 22111a. This industry operates fossil fuel-powered power plants, which burn coal and natural gas to power steam turbines that generate electricity. Industry operators sell generated power to regulated transmission and distribution utilities and on wholesale electricity markets. This industry does not include government-owned and operated power plants. Related terms covered in the Coal & Natural Gas Power industry in the United States include thermal coal, kilowatt-hour, electricity utilities and clean power plan.

What's included in this industry?

Products and services covered in Coal & Natural Gas Power industry in the United States include Gas-fired electricity and Coal-fired electricity.

What companies are included in this industry?

Companies covered in the Coal & Natural Gas Power industry in the United States include The Southern Company, Dominion Energy, Inc. and Duke Energy Corporation.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Coal & Natural Gas Power industry in the United States.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Coal & Natural Gas Power industry in the United States.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Coal & Natural Gas Power industry in the United States.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Coal & Natural Gas Power industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Coal & Natural Gas Power industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Coal & Natural Gas Power industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Coal & Natural Gas Power industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Coal & Natural Gas Power industry in the United States.

Trusted by industry professionals

More than 6,000 businesses use IBISWorld to shape local and global economies

We were able to supplement our reports with IBISWorld’s information from both a qualitative and quantitative standpoint. All of our reporting now features some level of IBISWorld integration.

BDO logo

IBISWorld delivers the crisp business knowledge we need to drive our business.  Whether it be serving up our major clients, winning new business or educating  on industry issues, IBISWorld brings real value.

PWC logo

IBISWorld has revolutionised business information — which has proved commercially invaluable to exporters, investors and public policy professionals in Australia and overseas.

Australian Trade and Investment Commission logo

When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.

Citi Bank logo

10,000,000+ Data points

100% Industry analyst verified

50,000 + Industry titles

Frequently Asked Questions

What is the market size of the Coal & Natural Gas Power industry in the United States in 2026?

The market size of the Coal & Natural Gas Power industry in the United States is $105.2bn in 2026.

How many businesses are there in the Coal & Natural Gas Power industry in the United States in 2025?

There are 247 businesses in the Coal & Natural Gas Power industry in the United States, which has grown at a CAGR of 0.2 % between 2020 and 2025.

How may import tariffs affect the Coal & Natural Gas Power industry in the United States?

The Coal & Natural Gas Power industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Coal & Natural Gas Power industry in the United States?

The Coal & Natural Gas Power industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

Has the Coal & Natural Gas Power industry in the United States grown or declined over the past 5 years?

The market size of the Coal & Natural Gas Power industry in the United States has been growing at a CAGR of 2.1 % between 2020 and 2025.

What is the forecast growth of the Coal & Natural Gas Power industry in the United States over the next 5 years?

Over the next five years, the Coal & Natural Gas Power industry in the United States is expected to decline.

What are the biggest companies in the Coal & Natural Gas Power industry in the United States?

The biggest companies operating in the Coal & Natural Gas Power industry in the United States are The Southern Company, Dominion Energy, Inc. and Duke Energy Corporation

What does the Coal & Natural Gas Power industry in the United States include?

Operate coal-fired steam generators and Operate gas turbine power plants are part of the Coal & Natural Gas Power industry in the United States.

Which companies have the highest market share in the Coal & Natural Gas Power industry in the United States?

The company holding the most market share in the Coal & Natural Gas Power industry in the United States is The Southern Company.

How competitive is the Coal & Natural Gas Power industry in the United States?

The level of competition is moderate and increasing in the Coal & Natural Gas Power industry in the United States.

Cut through the noise with intelligence you can trust

/img/content/home/cta-image-1.webp
/img/content/home/cta-image-2.webp
/img/content/home/cta-image-3.webp
/img/content/home/cta-image-4.webp
/img/content/home/cta-image-5.webp