Transmission Line Construction in Canada - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Power source: Steady infrastructure investments will fuel transmission line construction growth

Canadian transmission line construction revenue has grown moderately through the end of 2023. Demand for transmission line construction grew steadily at the start of the period, following a slowdown immediately prior to 2018. COVID-19 negatively affected transmission line contractors, though new projects and increased government spending dampened stronger revenue declines. Overall, revenue has grown at a CAGR of 0.9% to $6.3 billion through the end of 2023, including a 0.3% decline in 2023 alone as economic conditions weaken. Meanwhile, the average industry profit margin has gradually dropped amid rising costs and pandemic-related disruptions.

The Transmission Line Construction industry in Canada provides design, construction, maintenance and repair services for electric power and telecommunications infrastructure, such as transmission lines, towers, cables, generating facilities, electricity substations and other related infrastructure.

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.