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).
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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.
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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:
- Executive Summary
- Utility System Construction Market Characteristics
- Utility System Construction Market Trends And Strategies
- Utility System Construction Market - Macro Economic Scenario
- Global Utility System Construction Market Size and Growth
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- Global Utility System Construction Market Competitive Benchmarking
- Global Utility System Construction Market Competitive Dashboard
- Key Mergers And Acquisitions In Utility System Construction Market
- Utility System Construction Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- China State Construction Engineering Corporation Limited
- China Railway Construction Corporation Limited
- PowerChina
- Power Construction Corporation of China
- Vinci SA
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The Business Research Company published its Utility System Construction Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global utility system construction market.
View Complete Report: https://www.thebusinessresearchcompany.com/report/utility-system-construction-global-market-reportUtility System Construction Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
Construction companies are deploying Industrial Internet of Things (IIoT) to construct refineries with increased production capacity and superior worker safety in the oil and gas industry.
IIoT is a network of connected devices and infrastructure that uses IoT technologies to automate and enhance manufacturing and industrial processes.
COVID-19 Impact Analysis on Utility Bill Management System Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Utility Bill Management System Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/utility-bill-management-system-market/download-sampleMarket DynamicsSignificant adoption of utility bill management systems among various industries due to excellent features like budget creation, expense tracking, invoice management, and benchmarking is the primitive driving force for the growth of the utility bill management system's market.
Moreover, the rise in the need for energy cost systems, accurate bill generation, and the adoption of smart meters are some major driving factors for the growth of the utility bill management system market.
Industrial growth and the rise in energy crisis will also be supposed to boost the market growth of utility bill management systems.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
The Business Research Company published its Utility System Construction Global Market Report 2019 which provides strategists, marketers and senior management with the critical information they need to assess the global utility system construction market.
The report covers the utility system construction market’s segments- water and sewer line and related structures construction, oil and gas pipeline and related structures construction, power and communication line and related structures construction.View Complete Report: https://www.thebusinessresearchcompany.com/report/utility-system-construction-global-market-report Utility System Construction Global Market Report 2019 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Construction companies are deploying Industrial Internet of Things (IIoT) to construct refineries with increased production capacity and superior worker safety in the oil and gas industry.
IIoT is a network of connected devices and infrastructure that uses IoT technologies to automate and enhance manufacturing and industrial processes.
The Business Research Company published its Utility System Construction Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global utility system construction market.
The report covers the utility system construction market’s segments- 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 and by end user sector: private; public.
Subsegments covered are water well drilling contractors; sewer construction; water main and plant construction.View Complete Report:https://www.thebusinessresearchcompany.com/report/utility-system-construction-global-market-report-2020-30-covid-19-impact-and-recoveryUtility System Construction Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
It covers all the regions, key developed countries and major emerging markets.
Utility System Construction Market Supply Chain…………..20.
Utility System Construction Market Competitive Landscape21.
