The power and communication line construction market has seen steady growth, increasing from $301.51 billion in 2023 to $311.84 billion in 2024, reflecting a CAGR of 3.4%. This growth is driven by infrastructure development, urbanization, regulatory policies, and economic growth. By 2028, the market is expected to reach $362.73 billion at a CAGR of 3.9%. Factors contributing to this growth include renewable energy integration and government investments in climate resilience.
Major Driver In The Power And Communication Line And Related Structures Construction Market
The power and communication line and related structures construction market are experiencing growth propelled by the escalating demand for smart grid systems designed to optimize electricity distribution and management. Smart grids leverage advanced technology to monitor and regulate electricity flow, enhancing system efficiency and reliability. Investments in smart grid systems in the US increased by 9% in 2021, with over 107 million smart meter installations recorded in 2020, projected to rise to 115 million in 2021. These developments underscore the growing emphasis on modernizing power and communication infrastructure to meet evolving consumer needs and regulatory requirements. As demand for smart grids continues to rise, the power and communication line and related structures construction market are poised for significant expansion, reflecting promising growth opportunities in the coming years.
Request A Free Sample Of The Global Power And Communication Line And Related Structures Construction Market Report
Power And Communication Line And Related Structures Construction Market Competitive Landscape
Hitachi Ltd., General Electric, Nippon Steel & Sumitomo Metal Corporation, Nisshin Steel Co Ltd., Qualcomm Atheros Inc., JFE Steel Corporation, Schneider Electric SE, Mitsubishi Electric Corporation, Sumitomo Electric Industries Ltd., Broadcom Inc., Fujitsu Ltd., ABB Ltd., Toshiba Corporation, Eaton Corporation plc, Texas Instruments Inc., Kobe Steel Ltd., Infineon Technologies, Emerson Electric Co, Analog Devices Inc., AMETEK Inc., Hubbell Power Systems Inc., Westinghouse Electric Company LLC, Ducab DWC LLC, Landis+Gyr, D-Link Corporation, Atmel Corporation, devolo AG, Power Plus Communications AG, Echelon Corp
Key Power And Communication Line And Related Structures Construction Market Trend
Product innovation has emerged as the key trend gaining popularity in the power and communication line and related structures construction market. Major companies operating in the power and communication line and related structures construction market are developing innovative products to strengthen their position in the market. For instance, in May 2022, Qualcomm Technologies, Inc., a US-based multinational corporation, launched a power line communication (PLC) device called QCA7006AQ. The QCA7006AQ is made to meet the communication requirements for electric vehicle (EV) charging stations, sometimes referred to as electric vehicle supply equipment (EVSE), and to support V2G. Due to the QCA7006AQ's special features, HomePlug Audio Video (HPAV) streaming at PHY rates surpassing 200 Mbps is also supported, enabling a wired data connection to the cloud via the charging station.
Get The Full Global Power And Communication Line And Related Structures Construction Market Report
Power And Communication Line And Related Structures Construction Market Segmentation
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
By Geography:The regions covered in the power and communication line and related structures construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Europe was the largest region in the power and communication line and related structures construction market in 2023.
The Power And Communication Line And Related Structures Construction Global Market Report 2024 furnishes information about the global power and communication line and related structures construction market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
