Utility System Construction Market 2020- 2030 Regional Growth Overview (COVID-19 Version) Leading Constructions | TBRC Reports

The Business Research Company offers "Utility System Construction Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trend s and strategies that players in the market can adopt.

The global utility system construction market is expected to decline from $714.4 billion in 2019 to $702.1 billion in 2020 at a compound annual growth rate (CAGR) of -1.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $832.8 billion in 2023.

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The utility system construction market consists of the sales revenues earned 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).

Construction companies are deploying Industrial Internet of Things (IIoT) to construct refineries with increased production capacity and superior worker safety in the oil and gas industry. IIoT is a network of connected devices and infrastructure that uses IoT technologies to automate and enhance manufacturing and industrial processes. Refineries are being constructed with IoT technologies that integrates advanced analytics software with sensor devices to offer complete automation and oversight, create real-time insights and minimize the risk of human error. For instance, Texmark Chemicals, a toll and contract manufacturer, teamed up with Hewlett Packard Enterprise (HPE) to modernize its petrochemical plant and build a refinery with IIoT capabilities to create a next-generation plant with improved process analytics, up-time, customer satisfaction and worker safety.

Utility System Construction Market Segmentation:
By Type
1.Water And Sewer Line And Related Structures Construction
2.Oil And Gas Pipeline And Related Structures Construction
3.Power And Communication Line And Related Structures Construction

By End User Sector
1.Private
2.Public

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Utility System Construction Market Characteristics
4. Utility System Construction Market Product Analysis
5. Utility System Construction Market Supply Chain
....
21. Key Mergers And Acquisitions In The Utility System Construction Market
22. Market Background: Heavy And Civil Engineering Construction Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The report covers the trends and market dynamics of the utility system construction market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the utility system construction market are Qwest, American Tower, Mastec, Powerteam Services, Michels

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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