Power and Communication Line and Related Structures Construction Global Market Report 2024

The power and communication line and related structures construction market size has grown steadily in recent years. It will grow from $301.51 billion in 2023 to $311.84 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth in the forecast period can be attributed to renewable energy integration, smart city initiatives, government investments, climate resilience, cybersecurity concerns. Major trends in the forecast period include smart grid technology, infrastructure modernization, 5g network expansion, government initiatives and regulations, automation and robotics.

The power and communication line and related structures construction market size is expected to see steady growth in the next few years. It will grow to $362.73 billion in 2028 at a compound annual growth rate (CAGR) of 3.9%. The forecasted growth in the upcoming period can be attributed to the integration of renewable energy, initiatives for smart cities, government investments, focus on climate resilience, and concerns related to cybersecurity. Key trends expected in the forecast period include the adoption of smart grid technology, modernization of infrastructure, expansion of 5G networks, government initiatives and regulations, as well as increased utilization of automation and robotics.

The growth in the power and communication line and related structures construction market is anticipated to be propelled by the increasing demand for smart grid systems. Smart grids, which utilize digital technology to monitor and control the flow of electricity, are essential for constructing power and communication lines and related structures. They enhance communication capabilities through traffic control and modeling. For example, in 2021, the International Energy Agency reported a 9% increase in investments for smart grid systems in the US compared to the previous year. Moreover, The Edison Foundation’s Institute for Electric Innovation stated in April 2021 that smart meter installations in the United States reached 107 million in 2020, with projections to reach 115 million in 2021. This surge in demand for smart grids is a significant driver for the growth of the power and communication line and related structures construction market.

The factor contributing to the market's growth is the rising demand for renewable energy. The increasing adoption of sustainable energy sources, including solar, wind, hydro, and geothermal, necessitates the construction of new power lines and related structures to integrate and distribute clean energy within the existing grid. For instance, in the third quarter of 2023, the Department for Energy Security and Net Zero reported a record-high renewable electricity generation of 30.1 terawatt-hours in the UK, marking a 6.8% increase from the same period in 2022. This escalating demand for renewable energy sources is a key driver fueling the expansion of the power and communication line and related structures construction market.

The power and communication line construction sector are witnessing a surge in the adoption of product innovation as a prominent trend. Leading companies in this industry are actively engaged in developing cutting-edge solutions to solidify their market presence. An illustration of this trend is seen in the actions of Qualcomm Technologies, Inc., a US-based multinational corporation, which unveiled the QCA7006AQ, a power line communication (PLC) device specifically designed to meet the communication needs of electric vehicle (EV) charging stations, also known as electric vehicle supply equipment (EVSE), supporting V2G. Notably, the QCA7006AQ boasts special features enabling HomePlug Audio Video (HPAV) streaming at PHY rates exceeding 200 Mbps, facilitating a wired data connection to the cloud via the charging station.

Prominent players in the power and communication line construction market are directing their efforts towards innovative solutions, including advanced technologies such as Power Line Communication Modem ICs, to enhance connectivity and data transmission capabilities in contemporary infrastructure projects. A Power Line Communication Modem IC is an integrated circuit that enables high-speed data communication over power lines, catering to applications such as remote monitoring and control across various industries. Renesas Electronics Corporation, a US-based company, exemplified this by launching the R9A06G061 Power Line Communication (PLC) modem IC in November 2021. This technology offers high-speed communication, reaching up to 1 Mbps over extended distances exceeding a kilometer, eliminating the need for relays and widening its scope of application. Optimized analog peripheral functions contribute to minimizing external component requirements, allowing for cost-effective and compact systems, making them well-suited for applications such as HVAC control, office building lighting systems, and monitoring and control in solar power systems.

In December 2023, ClearlyIP Inc., a US-based provider of innovative communication solutions, completed the acquisition of Voneto’s EPlatform, an advanced PBX system, for an undisclosed amount. This strategic move underscores ClearlyIP's commitment to delivering exceptional communication solutions and expands its product range to align with the evolving needs of global businesses. Voneto LLC is a Belgium-based provider of unified communications solutions.

Major companies operating in the power and communication line and related structures construction market report are 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.

Europe was the largest region in the power and communication line and related structures construction market in 2023. 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. The countries 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.

In power and communication line and related structures construction, the main offerings encompass hardware, software, and services. Hardware includes the physical components of a computer, such as the motherboard, CPU, memory, storage drives, and other devices. Software consists of programs that provide instructions for computer operations and are supported by the hardware. Modulation techniques involve single carrier modulation, multi-carrier modulation, and spread spectrum modulation for narrowband (3 KHz to 500 KHz) and broadband (greater than 500 KHz) frequencies used across industrial, commercial, and residential sectors.

The power and communication line and related structures construction market research report is one of a series of new reports that provides power and communication line and related structures construction market statistics, including power and communication line and related structures construction industry global market size, regional shares, competitors with a power and communication line and related structures construction market share, detailed power and communication line and related structures construction market segments, market trends, and opportunities, and any further data you may need to thrive in the power and communication line and related structures construction industry. This power and communication line and related structures construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The power and communication line and related structures construction market include revenues earned by entities by constructing cellular phone towers, radio transmitting towers, co-generation plant construction, satellite receiving station, communication tower construction, and nuclear power plant. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The power and communication line and related structures construction market consists of sales of transformer, rectifier, filter, regulator circuits, hybrids and filters, master oscillators, and amplifiers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.