Metal & Construction

Utility System Construction Market Forecast 2024-2033: Growth Rate, Drivers, And Trends|China State Construction Engineering Corporation Limited, China Railway Construction Corporation Limited, PowerChina, Power Construction Corporation of China, Vinci SA

The Utility System Construction Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Utility System Construction Market:
https://www.thebusinessresearchcompany.com/report/utility-system-construction-global-market-report

According to The Business Research Company’s Utility System Construction Global Market Report 2024, The utility system construction market size has grown steadily in recent years. It will grow from $756.48 billion in 2023 to $779.73 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to infrastructure development, government inteatieves, population growth, environmental concerns, public-private partnerships (ppps).

The utility system construction market size is expected to see steady growth in the next few years. It will grow to $893.44 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to smart infrastructure integration, renewable energy expansion, resilience and disaster preparedness, aging infrastructure replacement, cybersecurity concerns. Major trends in the forecast period include smart grid implementation, aging infrastructure replacement, energy storage facilities, digitalization and iot integration, electrification of transportation.

The utility construction market is expected to be driven by rapid growth in emerging markets in the forecasted period. In emerging markets, growth was aided by rising disposable income, a stable political environment, and increasing foreign investment in these countries. For instance, in September 2023, according to the Bureau of Economic Analysis, a US-based government agency, the real gross domestic product (GDP) increased at an annual rate of 2.1% in the second quarter of 2023. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Thus, strong economic growth boosted construction demand in emerging markets such as China, India, Brazil, Saudi Arabia, and Indonesia, thereby driving the market during the forecast period.

Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=5486&type=smp

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 Constractors, Small Contractors
3) By End User Sector: Private, Public

Subsegments Covered: Water Well Drilling Contractors, Sewer Construction, Water Main And Plant Construction

Utility system construction companies are using advanced technologies such as drones to efficiently manage projects. A drone is an unmanned aerial vehicle (UAV) that is integrated with communication technologies and controlled by a remote. Some of the typical applications of drones in utility system construction include earthwork volume calculations, elevation mapping, and environmental analysis. During the construction, the terrain can change on a daily basis, thus requiring project managers to monitor these changes. Drones are also being used to monitor project progress and help managers with decision-making.

The utility system construction market report table of contents includes:

  1. Executive Summary
  2. Utility System Construction Market Characteristics
  3. Utility System Construction Market Trends And Strategies
  4. Utility System Construction Market – Macro Economic Scenario
  5. Global  Utility System Construction Market Size and Growth

.

.

.

 

  1. Global  Utility System Construction Market Competitive Benchmarking
  2. Global  Utility System Construction Market Competitive Dashboard
  3. Key Mergers And Acquisitions In  Utility System Construction Market
  4. Utility System Construction Market Future Outlook and Potential Analysis
  5. Appendix

 

Top Major Players :

  • China State Construction Engineering Corporation Limited
  • China Railway Construction Corporation Limited
  • PowerChina
  • Power Construction Corporation of China
  • Vinci SA

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Global Animal Identification Systems Market Overview 2024: Size, Growth Rate, and Segments

The animal identification systems global market report 2024from The Business Research Company provides comprehensive market…

21 mins ago

Urolithiasis Management Devices Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies

The urolithiasis management devices global market report 2024from The Business Research Company provides comprehensive market…

26 mins ago

Spend Management Platform Market Expansion 2024-2033: Growth Drivers and Dynamics

The spend management platform global market report 2024from The Business Research Company provides comprehensive market…

32 mins ago

Revenue Assurance Market Strategies, Trends And Forecast To 2033

The revenue assurance global market report 2024from The Business Research Company provides comprehensive market statistics,…

54 mins ago

Prescription Lens Market Statistics, Overview And Forecast 2024 – 2033

The prescription lens global market report 2024from The Business Research Company provides comprehensive market statistics,…

1 hour ago

Oxycodone Drugs Market Outlook, Trends And Share Analysis To 2033

The oxycodone drugs global market report 2024from The Business Research Company provides comprehensive market statistics,…

1 hour ago