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Power And Communication Line And Related Structures Construction Market Research Report 2024-2033 | Insights, Demand, Forecast
Power And Communication Line And Related Structures Construction Market
The Business Research Company offers in-depth market insights through Power And Communication Line And Related Structures Construction Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The power and communication line and related structures construction market size has grown steadily in recent years. It will grow from $301.51 billion in 2023 to $311.84 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to infrastructure development, urbanization trends, regulatory policies, economic growth, global connectivity.
The power and communication line and related structures construction market size is expected to see steady growth in the next few years. It will grow to $362.73 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to renewable energy integration, smart city initiatives, government investments, climate resilience, cybersecurity concerns. Major trends in the forecast period include smart grid technology, infrastructure modernization, 5G network expansion, government initiatives and regulations, automation and robotics.
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Market Segmentation:
The power and communication line and related structures construction market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Modulation Technique: Single Carrier Modulation, Multi Carrier Modulation, Spread Spectrum Modulation
3) By Frequency: Narrowband (3 Khz To 500 Khz), Broadband (Greater Than 500 Khz)
4) By Vertical: Industrial, Commercial, Residential
Major Driver - Rising Demand For Smart Grid Systems Energizes Growth In Power And Communication Line Construction Market
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.
Competitive Landscape:
Major companies operating in the power and communication line and related structures construction market report are Hitachi Ltd., General Electric, Nippon Steel & Sumitomo Metal Corporation, Nisshin Steel Co Ltd., Qualcomm Atheros Inc., JFE Steel Corporation, Schneider Electric SE, Mitsubishi Electric Corporation, Sumitomo Electric Industries Ltd., Broadcom Inc., Fujitsu Ltd., ABB Ltd., Toshiba Corporation, Eaton Corporation plc, Texas Instruments Inc., Kobe Steel Ltd., Infineon Technologies, Emerson Electric Co, Analog Devices Inc., AMETEK Inc., Hubbell Power Systems Inc., Westinghouse Electric Company LLC, Ducab DWC LLC, Landis+Gyr, D-Link Corporation, Atmel Corporation, devolo AG, Power Plus Communications AG, Echelon Corp
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Top Trend - Advancements In Power Line Communication Transform Infrastructure Connectivity
Major companies operating in the power and communication line and related structures construction market are focusing on advanced solutions such as power line communication modem IC to enhance connectivity and data transmission capabilities in modern infrastructure projects. A Power Line Communication Modem IC is an integrated circuit that enables high-speed data communication over power lines, facilitating applications such as remote monitoring and control in various industries. For instance, in November 2021, Renesas Electronics Corporation, a US-based XX company, launched the R9A06G061 Power Line Communication (PLC) modem IC, which offers high-speed communication, reaching up to 1 Mbps over extended distances exceeding a kilometer, eliminating the need for relays and broadening its application scope. Optimized analog peripheral functions minimize external component requirements, enabling cost-effective and compact systems, making them well-suited for applications such as HVAC control, office building lighting systems, and monitoring and control in solar power systems.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Power And Communication Line And Related Structures Construction Market Characteristics
3. Power And Communication Line And Related Structures Construction Market Trends And Strategies
4. Power And Communication Line And Related Structures Construction Market - Macro Economic Scenario
5. Power And Communication Line And Related Structures Construction Market Size And Growth
…..
27. Power And Communication Line And Related Structures Construction Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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