Global Utility System Construction Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Utility System Construction Market Report by The Business Research Company covers utility system construction market drivers and restraints, utility system construction market size, major players, and the impact of COVID-19 on the utility system construction market.
The utility system construction market consists of sales of utility system construction services and related goods by entities (organizations, sole traders and partnerships) that construct distribution lines and related buildings and structures for utilities (i.e., water, sewer, petroleum, gas, power, and communication). All structures (including buildings) that are integral parts of utility systems (e.g., storage tanks, pumping stations, power plants, and refineries) are included in this market. The work performed includes new work, additions, alterations, maintenance, and repairs.
The utility construction market is expected to be driven by rapid growth in emerging markets in the forecasted period. Emerging markets growth was aided by rising disposable income, stable political environment and increasing foreign investments in these countries.
The global utility system construction market is expected to grow from $6.72 trillion in 2020 to $7.13 trillion in 2021 at a compound annual growth rate (CAGR) of 6.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $9.11 trillion in 2025 at a CAGR of 6%.
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Some utility system construction market trends include usage of advanced technologies such as drones to efficiently manage. During the construction, the terrain can change on a daily basis, thus requiring project managers to monitor these changes. Drones are used for earthwork volume calculations, elevation mapping, and environmental analysis, monitoring project progress and help managers in decision making.
Global utility system construction market segments include:
1) By Type: Water And Sewer Line And Related Structures Construction, Oil And Gas Pipeline And Related Structures Construction, Power And Communication Line And Related Structures Construction.
2) By End User Sector: Private, Public.
Subsegments Covered: Water Well Drilling Contractors, Sewer Construction, Water Main And Plant Construction.
3) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global utility system construction market share.
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The Utility System Construction Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides utility system construction market overviews, analyses and forecasts market size, share, utility system construction market players, utility system construction market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The utility system construction market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Utility System Construction Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Qwest, American Tower, Mastec, Powerteam Services, Michels.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Utility System Construction Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Utility System Construction Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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