Press release
Water And Sewer Line And Related Structures Construction Market Size, Business Growth Updates, Trends, Industry Report And Forecast To 2033
The new report published by The Business Research Company, titled "Water And Sewer Line And Related Structures Construction Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the water and sewer line and related structures construction market size has grown steadily in recent years. It will grow from $209.03 billion in 2023 to $214.38 billion in 2024 at a compound annual growth rate (CAGR) of 2.6%. The water and sewer line and related structures construction market size is expected to see steady growth in the next few years. It will grow to $240.2 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%.
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Increasing Infrastructure And Construction Activities Boom Propel Water And Sewer Line Construction Market
The increasing infrastructure and construction activities are expected to boost the growth of the water and sewer line and related structures construction market going forward. Infrastructure and construction activities include all work done as part of the erectio*n, demolition, assembly, alteration, installation, or equipping of buildings, structures, roadways, or their appurtenances, which includes clearing land, grading, excavating, and filling. While constructing a home or commercial location, one must install water and sewer pipes, hence, increasing infrastructure and construction activities are expected to boost the water and sewer line and related structures' construction market. For instance, in November 2023, according to the US Census Bureau, a US-based primary institution in the Federal statistics System in charge of delivering population and economic statistics, construction spending is estimated to reach $1,996.5 billion in September 2023, up 0.4% (1.2%) from the revised August forecast of $1,988.3 billion. The September figure is 8.7% (1.8%) higher than the projected September 2022 figure of $1,836.9 billion. Similarly, in June 2022, according to USAFACTS,a US-basednonpartisan social organization dedicated to making government data accessible and intelligible to all Americans, the federal government spent $36.6 billion on infrastructure and gave provinces $94.5 billion in grants. Therefore, the increasing infrastructure and construction activities are driving the growth of the water and sewer line and related structures construction market.
Technological Advancements Shape The Future Of Water And Sewer Line Construction
Technological advancements are a key trend gaining popularity in the water and sewer line and related structures construction market. Major companies operating in the water and sewer line and related structures construction market are focusing on developing new technologies to sustain their position in the market. For instance, in February 2023, Vortex Companies, a US-based company that offers a full range of trenchless sewer and pipeline rehabilitation products, launched the small-diameter IMS MICROcure LED CIPP Curing System (MICROcure), a small-diameter pipe UV curing technology, to its portfolio of UV CIPP solutions. The unique design of MICROcure, which is used to reline sewage mains, laterals, and interior plumbing systems with diameters ranging from 3 inches to 10 inches, sets it apart from other products. It is compatible with both inversion and CIPP techniques. The system has two light sources for the best curing: a 2x400-watt unit that can readily bend 3-inch to 6-inch pipes up to 90 degrees and an 8x100-watt unit that can handle 6-inch to 10-inch pipes.
The water and sewer line and related structures 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 Application: Industrial, Business, Services, Other Applications
4) By End-User: Private, Public
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Major companies operating in the water and sewer line and related structures construction market report are American Recycled Products LLC, MasTec Inc., Artera Services LLC, Michels Corporation, CenturyLink Inc., KLJ Paraflex India Limited, Charter Oak Utility Constructors Inc., Utility Construction Company Inc., China Energy Engineering Group Hunan Power Construction Co. Ltd., EMCOR Group Inc., Hochtief AG, Eiffage SA, Skanska AB, Quanta Services Inc., United Utilities Group plc, Veolia Environnement SA, Suez Environnement Company, Engie SA, Huaneng Power International Inc., Companhia de Saneamento Basico do Estado de São Paulo, American Water Works Company Inc., Carrier Global Corporation, Severn Trent plc, Anglian Water Services Ltd., A.P. Moller Maersk A/S, China COSCO Shipping Corp. Ltd., Xylem Inc., Pentair plc, Evoqua Water Technologies LLC .
Contents of the report:
1. Executive Summary
2. Water And Sewer Line And Related Structures Construction Market Report Structure
3. Water And Sewer Line And Related Structures Construction Market Trends And Strategies
4. Water And Sewer Line And Related Structures Construction Market - Macro Economic Scenario
5. Water And Sewer Line And Related Structures Construction Market Size And Growth
…..
27. Water And Sewer 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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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