Emerging Trends to Reshape the Power And Communication Line And Related Structures Construction Market: Innovative Power Line Communication Devices Transforming The Landscape Of Infrastructure Construction as a Key Influencer

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What Will the Power And Communication Line And Related Structures Construction Industry Market Size Be by 2025?
The size of the market for the construction of power and communication lines and related structures has been consistently expanding over the recent years. This market is projected to rise from $323.17 billion in 2024, reaching $335.42 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 3.8%. The expansion during the historical period can be credited to factors such as infrastructural development, trends of urbanization, regulatory policies, economic expansion, and global connectivity.

What's the Long-Term Growth Forecast for the Power And Communication Line And Related Structures Construction Market Size Through 2029?
In the coming years, the market for construction of power and communication lines and related structures is projected to experience consistently strong growth. By 2029, it is anticipated to reach a value of $395.07 billion at a Compound Annual Growth Rate (CAGR) of 4.2%. This growth during the predicted period will be driven by factors such as the incorporation of renewable energy, smart city developments, government investment, climate resilience and concerns over cybersecurity. Additionally, major trends forecasted for this period include the adoption of smart grid technology, modernization of infrastructure, expansion of 5G networks, governmental initiatives and regulations, and advancements in automation and robotics.

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What Are the Key Growth Drivers Fueling the Power And Communication Line And Related Structures Construction Market Expansion?
The surge in smart grid system requirements is projected to accelerate the expansion of the power and communication line and related structures construction market. Smart grids, which are electricity systems employing the most sophisticated digital technology and other innovative aspects, are designed to monitor and manage the distribution of electricity from all generation sources to meet the diverse needs of end users. Through the construction of power and communication lines and related structures, smart grids enhance understanding of communications requirements using traffic control and modelling. For example, the International Energy Agency, headquartered in France, reported in July 2024 that the incidence of smart grid innovations had increased to 13% in 2022, aligning with the path described in the International Energy Agency's Net Zero by 2050 scenario. Thus, the escalating demand for smart grids is spurring the expansion of the power and communication line and related structures construction market.

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What Are the Key Trends Driving Power And Communication Line And Related Structures Construction Market Growth?
Product innovation is becoming a prominent trend in the power and communication line and related structures construction market. To solidify their market standing, key companies in this market are focusing on the development of innovative products. For example, Qualcomm Technologies Inc., a multinational corporation based in the U.S., introduced a power line communication (PLC) device named QCA7006AQ in May 2022. This device is designed to cater to the communication needs of electric vehicle (EV) charging stations or electric vehicle supply equipment (EVSE) and to assist with V2G. The QCA7006AQ also supports HomePlug Audio Video (HPAV) streaming with PHY rates exceeding 200 Mbps, thanks to its unique features. This allows for a wired data connection to the cloud through the charging station.

How Is the Power And Communication Line And Related Structures Construction Market Segmented?
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 Companies Are Leading the Charge in Power And Communication Line And Related Structures Construction Market Innovation?
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

Which Regions Are Leading the Global Power And Communication Line And Related Structures Construction Market in Revenue?
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.

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