Electric bulk power transmission and control
This Canadian industry comprises establishments primarily engaged in the transmission of electric power from the generating source to the distribution centre, or in transmission and distribution. — Statistics Canada, NAICS 2022A
- Establishments · CanadaA
- 29
- Under 10 employeesA
- 31%
- Establishments · USA
- 364
- Employment · USA
- 19,570
- Payroll · USA
- $3.0B
Size and shape
How many businesses there are and how small they are. Fragmentation is the first thing an entrant — or anyone selling software into this industry — needs to know, and it is one of the few things that is actually measured.
Canadian establishments by number of employeesA
Of 29 Canadian establishments with employees, 31% have fewer than ten — an industry where large establishments carry real weight.
Where they areA
Largest four provinces by establishment count. Establishments with employees only — sole operators with no payroll are not in this table, so in trades and personal services the true number of businesses is higher.
Measured, not forecast: the share of US establishments opening in one year that were still active later. It counts good operators and bad ones together, which is exactly why it is the honest answer to “what are the odds”. It is for the whole sector rather than this market, and the ten-year figure comes from an older cohort because no younger one has reached ten years.
How businesses here compete
The structural profile of subsector 221, which every industry beneath it inherits. This is analyst judgment from how the subsector is organised — not research into this industry, and not a measurement.
Regulated monopoly or near it. The openings are at the edge — independent generation, water and wastewater operations, services sold to utilities.
- Who sets the price
- Regulators, through rate cases; merchant generators take the pool price.
- The software it runs on
- Billing and customer information systems, metering, outage and asset management — long procurement cycles, few vendors.
Market screens and studies
Market-entry records filed along this branch of the hierarchy. A record at or beneath this code is about this industry; one above it is about something wider that contains it.
Software serving this industry
The vertical software markets filed along the same branch — who sells to these businesses and who they would have to displace — and then the generic categories every business buys whatever it does.
Sold across the wider branch
In 2026 the category's leading independents were bought, and the buyers were an automation maker, a workflow platform and a consultancy. Mitsubishi Electric agreed in September 2025 to pay US$883M for the 93.0% of Nozomi Networks it did not already own. Nozomi announced on 2026-01-28 that the deal had closed, saying it "recently surpassed $100M in revenue" and would run as a wholly owned subsidiary [A for the price, from Mitsubishi Electric's release; C for the revenue claim]. ServiceNow agreed on 2025-12-23 to buy Armis for $7.75B in cash. That came weeks after Armis's $435M pre-IPO round valued it at $6.1B [B, SecurityWeek], and the deal completed in April 2026 [B, SecurityBrief]. Accenture announced on 2026-06-18 that it would take a majority stake in Dragos at a $3.25B price and buy runZero and NetRise outright, $4.18B in all [B, CyberScoop]. That deal closed by 2026-09-21 [B, The Next Web]. Earlier, Honeywell had announced in July 2023 that it would buy SCADAfence [A, Honeywell release title], and Advent International took Forescout private in August 2020 at $29.00 a share [A, SEC exhibit]. Canada's one visible industrial-networking security vendor, iS5 Communications, raised C$22M in 2018 [B, SecurityWeek]. Its site now says it "is now: Phoenix Contact Network Communications Inc." [C]. The one large independent left is Claroty. It raised a $150M Series F led by Golub Growth on 2026-01-22, taking it to roughly $900M raised [A for the round, B for the total]. Its $400M Series E in December 2021 came with the purchase of Medigate, which is how hospitals and medical-device (IoMT) security came into this category [B]. TXOne Networks, a Trend Micro–Moxa joint venture, has disclosed about $145M across its Series A, Series B and B extension [B]. The listed platforms already sell an OT line inside their main product: Tenable OT Security, Fortinet's OT Security Platform, Palo Alto Networks' Device Security, Cisco Cyber Vision and Microsoft Defender for IoT. Each is one product in a filing that reports a single figure: Tenable $999.4M, Fortinet $6.80B, Palo Alto $11.48B [A, 10-Ks]. Demand comes from rules that apply by sector. In the US these are NERC CIP for the bulk power system and TSA Security Directive Pipeline-2021-02G, listed on TSA's site [A]. ISA/IEC 62443 is the cross-industry standard [A, ISA]. In Canada, Bill C-8 received royal assent on 2026-06-15 as S.C. 2026, c. 9, covering the finance, telecom, energy and transport sectors [A, LEGISinfo and Public Safety Canada]. How this differs from its neighbours. CNAPP (541514) secures cloud workloads, and IAM (541514) secures human and machine identities. Both live in IT. Industrial IoT and predictive maintenance (333) uses the same plant data to predict machine failure, not attacks. Utility metering, billing and customer systems (2211) is the utility's revenue system. This record covers the passive network sensors that learn industrial protocols such as Modbus, DNP3 and S7, then inventory every PLC, RTU and infusion pump and flag abnormal commands. It also covers the remote-access brokers and one-way gateways that control the way into a plant. The 2211 anchor is navigation only. The buyers are electric utilities, oil and gas pipelines and refineries, water and wastewater systems, manufacturers, and hospitals. Capital intensity decides it. An entrant needs protocol parsers for decades of vendor-specific equipment, a threat-intelligence team that utilities will trust, and certification and audit evidence for NERC CIP and IEC 62443. It would be selling against vendors that each have raised or been bought for hundreds of millions to billions of dollars, and that are now owned by companies selling into the same plants.
The buyer is a regulated utility that procures by RFP on a five-to-ten-year cycle with rate-case scrutiny of every dollar, so the sales cycle is measured in years and the reference list is the product. Itron's $2.4B is mostly devices and outcomes rather than CIS licences, which says where the money actually is: in the meter, not the software. Adjacent to the grid-interconnection study at 221121, which reached the opposite verdict on a narrower wedge.
And what every business buys · 33 generic categories
Sold to every industry rather than this one, so they are filed against the software industry's own code. The same few vendors recur across most of them.
Who works here
The occupations employed in Utilities, most concentrated in it first. The share is measured against the whole sector, not this industry — the published cross-tabulation stops there.
Concentrated in this sectorA
These jobs are mostly done here. An operator in this industry is competing for them against others in the same industry, not against the whole economy.
And the jobs every business has
Found across at least fourteen of the twenty sectors. In a small establishment several of these are usually one person, or an outside provider.
Alongside this industry
This is the most specific level NAICS defines. The other industries under 22112 are its nearest neighbours.
| Code | Industry | Establishments · CA | What is known |
|---|---|---|---|
| 221122 | Electric power distribution | 226 | screened at 22112 |