Global Utility System Construction Market,
Construction

Global Utility System Construction Market Size, Forecasts, And Opportunities

Learn about the global utility system construction market through The Business Research Company, which provides information on utility system construction market size, utility system construction market drivers and restraints, utility system construction market players, the COVID-19 impact on the utility system construction market, and more.

 

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The global utility system construction market is expected to grow from $706.06 billion in 2021 to $775.82 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. The growth in the utility system construction market 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 utility system construction market is expected to reach $1084.28 billion in 2026 at a CAGR of 8.7%.

Rapid growth in emerging markets in the forecasted period is expected to drive innovation in utility system construction manufacturing, thus driving the market during the forecast period.

 

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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.

 

Global Utility System Construction Market Segments Include:

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

By End User Sector: Private, Public

Subsegments Covered: Water Well Drilling Contractors, Sewer Construction, Water Main And Plant Construction

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the utility system construction market in 2021.

 

Utility system construction companies are using advanced technologies such as drones to efficiently manage projects. A drone is an unmanned aerial vehicle (UAV) that is integrated with communication technologies and controlled by a remote. Some of the typical applications of drones in utility system construction include earthwork volume calculations, elevation mapping, and environmental analysis. During the construction, the terrain can change on a daily basis, thus requiring project managers to monitor these changes. Drones are also being used to monitor project progress and help managers in decision making.

 

TBRC’s utility system construction market report covers:

Major Market Players: China Railway Construction Corporation Limited, China Energy Engineering Group, PowerChina, Power Construction Corporation of China, China State Construction Engineering Corporation Ltd.

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)

The Utility System Construction Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 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, leading competitor revenues, profiles and market shares.

TBRC’s 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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