Power And Communication Line And Related Structures Construction Market Expansion Continues, with Forecast Valuation of $385.74 Billion by 2029

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Power And Communication Line And Related Structures Construction Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
In the past few years, the market size for construction of power and communication lines and related structures has consistently expanded. It's predicted to rise from $316.57 billion in 2024 to $325.35 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 2.8%. This growth throughout the historical period can be linked to factors such as infrastructure development, ongoing urbanization, regulatory policies, economic expansion, and global connectivity._x000D_
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Power And Communication Line And Related Structures Construction Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
The market size for construction of power lines and related communication and structural elements is projected to witness reliable growth in the years to come. The sector is expected to expand to a value of $385.74 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 4.3%. This anticipated growth can be ascribed to factors such as the inclusion of renewable energy, smart city projects, public sector investments, resilience to climate changes, and cybersecurity issues. Leading trends influencing the market trajectory in the forecast timeline comprise of enhancements in smart grid technology, modernizing infrastructure, the proliferation of 5G networks, government policies and guidelines, and the application of automation and robotics._x000D_
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What Are the Drivers Transforming the Power And Communication Line And Related Structures Construction Market?_x000D_
The power and communication line and related structures construction market is projected to grow due to the rising demand for smart grid systems. A smart grid is an electrical system that uses digital and other advanced technologies to monitor and manage electricity flow from all generation sources, meeting different end consumer needs. Power and communication lines and associated structures are built through the use of smart grids, providing enhanced insights into communication requirements by facilitating traffic control and modelling. For example, the International Energy Agency, an intergovernmental organisation based in France, reports that the share of smart grid innovations increased to 13% in 2022, aligning with the trajectory set out in the agency's Net Zero by 2050 scenario. Therefore, the burgeoning demand for smart grids is fueling the expansion of the power and communication line and related structures construction market._x000D_
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What Long-Term Trends Will Define the Future of the Power And Communication Line And Related Structures Construction Market? _x000D_
The key trend rapidly advancing in the power and communication line and associated structures construction market is product innovation. Major businesses in the industry are producing innovative products to consolidate their market position. Qualcomm Technologies Inc., a US-based multinational corporation, launched a power line communication (PLC) device named QCA7006AQ in May 2022 as an example. The QCA7006AQ is especially designed to fulfil the communication needs of electric vehicle (EV) charging stations, often called electric vehicle supply equipment (EVSE), and to facilitate V2G. With the QCA7006AQ's unique capabilities, HomePlug Audio Video (HPAV) streaming surpassing 200 Mbps is also achievable, entailing a wired connection to the cloud through the charging station._x000D_
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Which Segments in the Power And Communication Line And Related Structures Construction Market Offer the Most Profit Potential?_x000D_
The power and communication line and related structures construction market covered in this report is segmented -_x000D_
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1) By Offering: Hardware, Software, Services_x000D_
2) By Modulation Technique: Single Carrier Modulation, Multi Carrier Modulation, Spread Spectrum Modulation_x000D_
3) By Frequency: Narrowband (3 Khz To 500 Khz), Broadband (Greater Than 500 Khz)_x000D_
4) By Vertical: Industrial, Commercial, Residential_x000D_
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Subsegments:_x000D_
1) By Hardware: Transmission Towers, Poles And Masts, Conductors, Insulators, Transformers_x000D_
2) By Software: Project Management Software, Design And Engineering Software, Monitoring And Control Software_x000D_
3) By Services: Installation Services, Maintenance And Repair Services, Consulting Services, Project Management Services_x000D_
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Which Firms Dominate the Power And Communication Line And Related Structures Construction Market by Market Share and Revenue in 2025?_x000D_
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 _x000D_
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Which Regions Offer the Highest Growth Potential in the Power And Communication Line And Related Structures Construction Market?_x000D_
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._x000D_
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