Construction

Global Utility System Construction Market Size and Forecast to 2029: Revenue, Growth, and Trends

October 9, 2025 by The Business Research Company

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What Is The Current Size And Expected Growth Outlook For The Utility System Construction Market?

Over the past few years, the utility system construction market has seen a consistent increase in its size. It is predicted to expand from a market value of $788.79 billion in 2024 up to $807.33 billion in 2025, displaying a compound annual growth rate (CAGR) of 2.4%. The previous growth trends in the market can be linked back to factors such as the progress in infrastructure, government-led programs, the rise in population, heightened awareness about the environment, and collaborative efforts between the public and private sectors (PPPs).

In the forthcoming years, the market size of utility system construction is anticipated to experience consistent growth, set to hit $942.2 billion in 2029 with a compound annual growth rate (CAGR) of 3.9%. This growth in the projection period is due to the integration of intelligent infrastructure, the expansion of renewable energy, resilience and disaster readiness, substitution of old infrastructure, and worries about cybersecurity. The primary trends for the predicted period comprise smart grid implementation, replacement of aging infrastructure, energy storage facilities, incorporation of digitalization and IoT, and the electrification of transportation.

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Which Key Drivers Are Powering Growth In The Utility System Construction Market?

During the projection period, rapid growth in developing markets is anticipated to propel the utility construction market. This growth was facilitated by an increase in disposable income, political stability, and a surge in overseas investment in these nations. For example, the Bureau of Economic Analysis, a government agency based in the United States, reported in September 2023 that the real gross domestic product (GDP) had grown at an annual rate of 2.1% in the second quarter of 2023. Robust growth is also anticipated in advanced economies during the projected period. Moreover, throughout the forecast period, developing markets are predicted to grow marginally quicker than mature markets. Therefore, vigorous economic growth has spurred construction demand in burgeoning markets like India, China, Indonesia, Saudi Arabia, and Brazil, driving the market in the anticipated timeframe.

How Is The Global Utility System Construction Market Structured By Key Segments?

The utility system construction market covered in this report is segmented –

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 Type Of Contractor: Large Contractors, Small Contractors

3) By End User Sector: Private, Public

Subsegments:

1) By Water And Sewer Line And Related Structures Construction: Water Distribution Systems, Sewer Systems

2) By Oil And Gas Pipeline And Related Structures Construction: Crude Oil Pipelines, Natural Gas Pipelines

3) By Power And Communication Line And Related Structures Construction: Electric Power Transmission Lines, Telecommunications Lines

What Current And Upcoming Trends Are Shaping The Utility System Construction Market?

The utility construction industry has consistently dealt with serious health and safety concerns. The inherent risks in construction activities include work at heights, in confined areas, underground, and in proximity to falling objects, as well as manual load handling, dealing with dangerous substances, operation of machinery and equipment, fire hazards, and contact with live electrical wires. Despite making up only 6% of the US worker population, the American construction industry experiences approximately 20% of all workplace fatalities – the highest rate compared to any other industry. Subpar health and safety protocols adversely affect both the construction process and the completed infrastructure, leading to unnecessary deaths, injuries and illnesses.

Who Are The Leading Companies Driving The Utility System Construction Market?

Major companies operating in the utility system construction market include China State Construction Engineering Corporation Limited, China Railway Construction Corporation Limited, PowerChina, Power Construction Corporation of China, Vinci SA, China Energy Engineering Group Limited, Quanta Services Inc., Balfour Beatty plc, ABM Industries Inc., Fletcher Building Limited, Morgan Sindall Group plc, Primoris Services Corporation, Comfort Systems USA Inc., Dycom Industries Inc., MYR Group Inc., Michels Corporation, Integrated Electrical Services Inc., Henkels & McCoy Group Inc., Pike Corporation, PLH Group Inc., Charter Oak Utility Constructors Inc., Powerteam Services, InfraSource Services Inc., MasTec Inc., Willbros Group Inc., Astaldi S.p.A.

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Which Geographic Areas Are Driving Strong Demand For The Utility System Construction Market?

Asia-Pacific was the largest region in the utility system construction market in 2024. North America was the second-largest region in the utility system construction market. The regions covered in the utility system construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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