Utility Construction Market To Witness Strong Growth In Emerging Markets: A Key Driver Powering Utility System Construction Market Growth In 2025

The Utility System Construction Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Utility System Construction Market?
The market size of utility system construction has been consistently expanding in the past few years. It is forecasted to increase from $804.75 billion in 2024 to $831.71 billion in 2025, with a compound annual growth rate (CAGR) of 3.3%. The historical growth is due to elements such as infrastructure advancement, industry regulations set by the government, rising population, eco-friendly initiatives, and collaborations between the public and private sectors.

In the next few years, the size of the utility system construction market is anticipated to achieve consistent growth, mouting to $964.95 billion in 2029 with a compound annual growth rate (CAGR) of 3.8%. The expected growth during the forecast period is due to factors such as the integration of smart infrastructure, the growth of renewable energy, the need for resilience and disaster preparedness, aging infrastructure replacement, and concerns about cybersecurity. Key trends expected during this forecast period encompass the implementation of smart grids, aging infrastructure replacement, the establishment of energy storage facilities, the integration of digitalization and IoT, and the electrification of transportation.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5486

What Are the Different Utility System Construction Market Segments?
The utility system 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 End User Sector: Private, Public

Subsegments:
1) By Water And Sewer Line And Related Structures Construction: Water Distribution Systems, Sewer Systems
2) By Oil And Gas Pipeline And Related Structures Construction: Crude Oil Pipelines, Natural Gas Pipelines
3) By Power And Communication Line And Related Structures Construction: Electric Power Transmission Lines, Telecommunications Lines

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5486&type=smp

What Are the Primary Drivers Shaping the Utility System Construction Market?
The anticipated driving force behind the utility construction market in the predicted timeline are burgeoning markets in the unfolding regions. Factors propelling this growth encompass escalating disposable income, robust political stability, and amplified foreign investment within these nations. To exemplify, the Bureau of Economic Analysis, an agency of the U.S. government, reported in September 2023 that the real GDP grew annually at a rate of 2.1% in the second quarter of 2023. Developed economies are also predicted to maintain steady growth throughout the projected timeline. Besides, in the forecasted period, emerging markets are predicted to increment at a marginally faster pace than developed markets. Therefore, the robust economic expansion has amplified construction demand in burgeoning markets such as China, India, Brazil, Saudi Arabia, and Indonesia, further propelling the market during the anticipated timeline.

Which Companies Are Leading in the Utility System Construction Market?
Major companies operating in the utility system construction market include China State Construction Engineering Corporation Limited, China Railway Construction Corporation Limited, PowerChina, Power Construction Corporation of China, Vinci SA, China Energy Engineering Group Limited, Quanta Services Inc., Balfour Beatty plc, ABM Industries Inc., Fletcher Building Limited, Morgan Sindall Group plc, Primoris Services Corporation, Comfort Systems USA Inc., Dycom Industries Inc., MYR Group Inc., Michels Corporation, Integrated Electrical Services Inc., Henkels & McCoy Group Inc., Pike Corporation, PLH Group Inc., Charter Oak Utility Constructors Inc., Powerteam Services, InfraSource Services Inc., MasTec Inc., Willbros Group Inc., Astaldi S.p.A.

What Are the Major Trends Shaping the Utility System Construction Market?
Concerns surrounding health and safety have been front and center in the utility construction industry. Working at elevations, in confined spaces, underground, or near falling objects, as well as the manual handling of loads, hazardous substances, machinery, fire hazards, and interacting with live cables all contribute to the safety issues faced by construction workers. Despite making up only 6% of the American workforce, the construction industry accounts for 20% of workplace fatalities, the highest proportion of any industry. The lack of proper safety and health practices negatively affects both the construction process and the environment, leading to deaths, injuries, and health conditions.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/utility-system-construction-global-market-report

What Are the Top Revenue-Generating Geographies in the Utility System Construction Market?
Asia-Pacific was the largest region in the utility system construction market in 2024. North America was the second-largest region in the utility system construction market. The regions covered in the utility system construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Utility System Construction Market?
2. What is the CAGR expected in the Utility System Construction Market?
3. What Are the Key Innovations Transforming the Utility System Construction Industry?
4. Which Region Is Leading the Utility System Construction Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.