Transmission Line Construction in the US - Industry Market Research Report

Power source: Increased electrical infrastructure development will bolster industry demand

Transmission line construction has grown through the end of 2023, driven by expanding demand from the industry's primary downstream market, electric power companies. The construction and maintenance of electrical power and telecommunication lines are vital components to every sector of the economy and to society at large. Industry operations have been deemed essential to critical infrastructure and has not faced any operational disruptions amid COVID-19. Less power usage in the commercial sector during the pandemic were significantly offset by increased usage in hospitals and households. The need for constant and uninterrupted telecommunication and power services are crucial to a hospital's operations, which exhibited the largest electrical usage in years. Reliance on the internet to conduct business, online schooling and general entertainment significantly grew as stay-at-home orders boosted internet activity. Operators in this industry provide construction, repair, rehabilitation and maintenance work for a variety of forms of electric power and telecommunications infrastructure, including power lines, power plants, radio and TV towers and cable infrastructure. Industry operators, however, do not perform construction work on hydroelectric power stations, the construction of broadcast studios or electrical maintenance work within buildings. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.