Leading Element Driving Change in the Power And Communication Line And Related Structures Construction Market in 2025: Rising Demand For Smart Grid Systems Energizes Growth In Power And Communication Line Construction Market Driver

What industry-specific factors are fueling the growth of the power and communication line and related structures construction market?
The surge in demand for smart grid systems is anticipated to instigate the expansion of the power and communication line and related structures construction market in the future. A smart grid signifies an electrical system that utilizes digital and other advanced technologies to supervise and manage the circulation of electricity from every generation source to meet the diversified needs of end-users. These smart grids are instrumental in constructing power and communication lines and related structures, offering a more profound comprehension of the communication requisites through traffic management and modelling. For instance, in July 2024, as per the International Energy Agency, a French intergovernmental organization, the ratio of smart grid innovations escalated to 13% in 2022, aligned with the trajectory delineated in the International Energy Agency's Net Zero by 2050 scenario. Consequently, the surge in demand for smart grids is fuelling the expansion of the power and communication line and related structures construction market.

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What Is the projected market size and growth rate for the power and communication line and related structures construction market?
The market size of power and communication line and related structures construction has consistently expanded over the past few years. Its growth is predicted to escalate from $323.17 billion in 2024 to a value of $335.42 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.8%. Factors driving this growth during the historical period include infrastructure development, urbanization patterns, regulatory directives, economic progression and worldwide connectivity.

The market size for power and communication line and related structures construction is anticipated to steadily increase in the forthcoming years. A compound annual growth rate (CAGR) of 4.2% is expected to take the market value to $395.07 billion by 2029. This growth during the forecast period is projected to be driven by factors such as the incorporation of renewable energy, smart city endeavors, investment by the government, resilience to climate change, and cybersecurity issues. The trending factors for the forecast period are the advent of smart grid technology, the modernization of infrastructure, expansion of the 5G network, government regulations and initiatives, and automation and robotics.

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What new trends are reshaping the power and communication line and related structures construction market and its opportunities?
The critical emerging trend in the power and communication line and structures construction market is product innovation. Key players in the market are developing innovative solutions to solidify their market standing. For example, in May 2022, Qualcomm Technologies Inc., a US-based multinational firm, introduced a Power Line Communication (PLC) device named QCA7006AQ. The device is designed to meet the communication necessities of Electric Vehicle (EV) charging stations, also known as Electric Vehicle Supply Equipment (EVSE), and to assist with V2G. Unique capabilities of the QCA7006AQ include support for HomePlug Audio Video (HPAV) streaming at PHY speeds surpassing 200 Mbps, allowing for a wired connection to the cloud through the charging station.

What major market segments define the scope and growth of the power and communication line and related structures construction market?
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

Subsegments:
1) By Hardware: Transmission Towers, Poles And Masts, Conductors, Insulators, Transformers
2) By Software: Project Management Software, Design And Engineering Software, Monitoring And Control Software
3) By Services: Installation Services, Maintenance And Repair Services, Consulting Services, Project Management Services

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Which region dominates the power and communication line and related structures construction market?
Europe was the largest region in the power and communication line and related structures construction market in 2024. 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.

Which key market leaders are driving the power and communication line and related structures construction industry growth?
Major companies operating in the power and communication line and related structures construction market include Hitachi Ltd., General Electric, Nippon Steel & Sumitomo Metal Corporation, Nisshin Steel Co Ltd., JFE Steel Corporation, Schneider Electric SE, Mitsubishi Electric Corporation, Sumitomo Electric Industries Ltd., ABB Ltd., Toshiba Corporation, Eaton Corporation plc, Kobe Steel Ltd., Infineon Technologies, Emerson Electric Co, Analog Devices Inc., AMETEK Inc., Hubbell Power Systems Inc., Westinghouse Electric Company LLC, Ducab DWC LLC, Power Plus Communications AG

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What Is Covered In The Power And Communication Line And Related Structures Construction Global Market Report?

•Market Size Forecast: Examine the power and communication line and related structures construction market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the power and communication line and related structures construction market for a structured understanding.
•Key Players Overview: Analyze major players in the power and communication line and related structures construction market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the power and communication line and related structures construction market.
•Segment Contributions: Evaluate how different segments drive overall growth in the power and communication line and related structures construction market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the power and communication line and related structures construction market.
•Industry Challenges: Identify potential risks and obstacles affecting the power and communication line and related structures construction market.
•Competitive Landscape: Review strategic developments in the power and communication line and related structures construction market, including expansions, agreements, and new product launches.

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