Power And Communication Line And Related Structures Market Size Analysis, Business Growth, Key Players, Demand And Trends || Siemens, ABB Ltd., Schneider Electric SE, Landis+Gyr, D-Link Corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Power And Communication Line And Related Structures Market Size, Growth Rate, And Forecast

The global power and communication line and related structures construction market size is expected to grow from $286.56 billion in 2022 to $299.38 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global power and communication line and related structures construction market is expected to reach $339.43 billion in 2027 at a CAGR of 3.2%.

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Power And Communication Line And Related Structures Market Drivers

The increase in demand for smart grid systems is expected to propel the growth of the power and communication line and related structures construction market going forward. A smart grid refers to an electricity system that employs digital and other cutting-edge technology to track and control the flow of electricity from all generation sources to satisfy the various needs of end consumers. Smart grids are used to construct power and communication lines and related structures, allowing for a better understanding of the communications requirements through traffic control and modelling. For instance, in 2021, according to a report published by the International Energy Agency, a France-based intergovernmental organization, the demand for investments in the US for smart grid systems increased by 9% in 2021 compared to the previous year. Further, in April 2021, a report published by The Edison Foundation's Institute for Electric Innovation, a US-based non-profit organization, the Smart meter installations in the United States reached 107 million in 2020 and are expected to reach 115 million in 2021. Therefore, the increase in demand for smart grids is driving the growth of the power and communication line and related structures construction market.

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Power And Communication Line And Related Structures Market Segments

• By Offering: Hardware, Software, Services

• By Modulation Technique: Single Carrier Modulation, Multi Carrier Modulation, Spread Spectrum Modulation

• By Frequency: Narrowband (3 KHZ To 500 KHZ), Broadband (Greater Than 500 KHZ)

• By Vertical: Industrial, Commercial, Residential

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the power and communication line and related structures market.

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Power And Communication Line And Related Structures Market Key Players
Major competitors in the power and communication line and related structures construction market are Siemens, ABB Ltd., Schneider Electric SE, Landis+Gyr, D-Link Corporation, Analog Devices Inc., Infineon Technologies, Texas Instruments Inc.

The Business Research Company's "Global Power And Communication Line And Related Structures Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Power And Communication Line And Related Structures Market Include:
1. Executive Summary
2. Power And Communication Line And Related Structures Market Characteristics
3. Power And Communication Line And Related Structures Market Trends And Strategies
4. Power And Communication Line And Related Structures Market - Macro Economic Scenario
5. Power And Communication Line And Related Structures Market Size And Growth
………………
27. Power And Communication Line And Related Structures Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Power And Communication Line And Related Structures Market
29. Power And Communication Line And Related Structures Market Future Outlook and Potential Analysis
30. Appendix

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