Power And Communication Line And Related Structures Construction Market Sales, Innovations And Trends Report 2024 To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Power And Communication Line And Related Structures Construction Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $362.73 billion In 2028 At A CAGR Of 3.9% :

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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Power And Communication Line And Related Structures Construction Market Major Segments
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

Key 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.

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Prominent Trend - Innovative Power Line Communication Devices Transforming The Landscape Of Infrastructure Construction

Product innovation has emerged as the key trend gaining popularity in the power and communication line and related structures construction market. Major companies operating in the power and communication line and related structures construction market are developing innovative products to strengthen their position in the market. For instance, in May 2022, Qualcomm Technologies, Inc., a US-based multinational corporation, launched a power line communication (PLC) device called QCA7006AQ. The QCA7006AQ is made to meet the communication requirements for electric vehicle (EV) charging stations, sometimes referred to as electric vehicle supply equipment (EVSE), and to support V2G. Due to the QCA7006AQ's special features, HomePlug Audio Video (HPAV) streaming at PHY rates surpassing 200 Mbps is also supported, enabling a wired data connection to the cloud via the charging station.

Power And Communication Line And Related Structures Construction Market Players
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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Largest And Fastest Growing Region In The Market
Europe was the largest region in the power and communication line and related structures construction market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global power and communication line and related structures construction market report during the forecast period. The regions covered in the power and communication line and related structures construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Power And Communication Line And Related Structures Construction Market Report Structure
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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