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Steady Growth Predicted in Water and Sewer Line and Related Structures Construction Market: Driven by Aging Infrastructure, Urbanization, and Government Investments
Urbanization and aging infrastructure are driving growth in the water and sewer line and related structures construction market, with the market expected to see a steady increase in the coming years.What Is The Projected Market Size Of The Global Water And Sewer Line And Related Structures Construction Market And Its Growth Rate?
• Growing from $219.93 billion in 2024 to $225.86 billion in 2025 at a CAGR of 2.7%, the water and sewer line and related structures construction market is seeing a steady growth, thanks to population growth, urbanization, aging infrastructure, government investments, and environmental regulations.
• The market size is expected to further increase to $256.13 billion in 2029 with a CAGR of 3.2%, fuelled by smart infrastructure, climate change adaptation, water scarcity challenges, public-private partnerships, and rural development initiatives.
What Is Driving The Growth In The Water And Sewer Line And Related Structures Construction Market?
The growth in infrastructure and construction activities is playing a major role in boosting the water and sewer construction market's performance. These activities include every aspect of the installation, alteration, and equipping of buildings, structures, and roadways. For example, the US Census Bureau estimated construction spending to reach $1,996.5 billion in September 2023, a significant increase from the previous year. Similarly, the federal government spent $36.6 billion on infrastructure and gave provinces $94.5 billion in grants in June 2022.
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Who Are the Key Players Driving Water And Sewer Line And Related Structures Construction Market Growth?
Key players in this market include:
• MasTec Inc.
• Artera Services LLC
• Michels Corporation
• 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
What Are The Key Trends In The Water And Sewer Line And Related Structures Construction Market?
• Integration of smart technologies
• Water conservation measures
• Renewal of aging infrastructure
• Public-private partnerships
• Modular and prefabricated construction
What Are The Segments Of The Global Water And Sewer Line And Related Structures Construction Market?
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
Which Region Leads The Water And Sewer Line And Related Structures Construction Market?
Asia-Pacific was the largest region in the water and sewer line and related structures construction market in 2024, followed by North America. The water and sewer line and related structures construction market report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Water And Sewer Line And Related Structures Construction Market Global Market Report?
- Market Size Analysis: Analyze the Water And Sewer Line And Related Structures Construction Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Water And Sewer Line And Related Structures Construction Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Water And Sewer Line And Related Structures Construction Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Water And Sewer Line And Related Structures Construction Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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