The Utility System Construction Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Utility System Construction Market?
The Utility System Construction Global Market Report 2025 indicates that the market has been growing consistently. The market size is projected to increase from $804.75 billion in 2024 to $831.71 billion in 2025, with a compound annual growth rate (CAGR) of 3.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Utility System Construction Industry?
The Utility System Construction Global Market Report 2025 predicts the market to grow to a size of $964.95 billion in 2029, with a compound annual growth rate of 3.8%.
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What are the Key Growth Drivers Fueling the Utility System Construction Market?
The key drivers in the utility system construction market are:
• Smart infrastructure integration in utilities
• Expansion of the renewable energy sector
• Increasing importance of resilience and disaster preparedness
• Replacement of aging infrastructure
• Rising concerns over cybersecurity in utility systems
Global Market Segmentation: Identifying Major Utility System Construction Industry 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
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What are the Emerging Trends Shaping the Future of the Utility System Construction Market?
The key trends in the utility system construction market are:
• The integration of smart infrastructure is shaping the future of the market.
• The expansion of renewable energy is becoming a key trend in the industry.
• Improvement in resilience and disaster preparedness are emerging in the market.
• Cybersecurity concerns are influencing future trends.
Who Are the Top Competitors & Leading Players in the Utility System Construction Market?
Major companies in the utility system construction market are:
• 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.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the utility system construction market in 2024
