PUBLISHER: The Business Research Company | PRODUCT CODE: 1409888
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409888
“Water And Sewer Line And Related Structures Construction Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on water and sewer line and related structures construction market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for water and sewer line and related structures construction? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The water and sewer line and related structures construction market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Water lines and sewer lines are crucial components responsible for supplying clean water and managing waste within buildings and across various locations. Water lines facilitate the transportation of clean water from public or private sources into buildings, while sewer lines manage the disposal of waste, directing it towards treatment facilities or septic systems. The construction and design of these lines are fundamental aspects of ensuring proper water distribution and waste management.
In the construction sector, the key areas related to water and sewer line infrastructure include water line construction, sewer line construction, oil and gas pipeline construction, and power and communication line construction. Contractors, ranging from large-scale enterprises to smaller firms, are involved in these projects, catering to industrial, commercial, and service sectors. The applications of these lines are diverse, serving various end-users, both in the private and public domains.
The water and sewer line and related structures construction market research report is one of a series of new reports from The Business Research Company that provides water and sewer line and related structures construction market statistics, including water and sewer line and related structures construction industry global market size, regional shares, competitors with a water and sewer line and related structures construction market share, detailed water and sewer line and related structures construction market segments, market trends and opportunities, and any further data you may need to thrive in the water and sewer line and related structures construction industry. This water and sewer 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 water and sewer line and related structures construction market size has grown steadily in recent years. It will grow from $209.03 billion in 2023 to $214.38 billion in 2024 at a compound annual growth rate (CAGR) of 2.6%. The growth observed in the past period can be attributed to factors such as population expansion and increased urbanization, which led to higher demand for infrastructure development. Additionally, the aging infrastructure prompted government investments, mainly driven by environmental regulations, health, and sanitation concerns.
The water and sewer line and related structures construction market size is expected to see steady growth in the next few years. It will grow to $240.2 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%. The anticipated growth in the upcoming period is expected due to advancements in smart infrastructure, addressing challenges related to climate change and water scarcity. This growth is further propelled by the collaboration between public and private sectors and initiatives focused on developing rural areas. Major trends foreseen in this period involve the integration of smart technologies, adoption of water conservation methods, rejuvenation of aging infrastructure, and an increased emphasis on public-private partnerships, along with the utilization of modular and prefabricated construction techniques.
The water and sewer line and related structures construction market are poised for growth, driven by the increasing momentum in infrastructure and construction activities. This sector encompasses a range of activities involved in the erection, demolition, assembly, alteration, installation, or equipping of buildings, structures, and roadways. A crucial component of these projects is the installation of water and sewer pipes. Notably, in November 2023, the US Census Bureau reported that construction spending is projected to reach $1,996.5 billion in September 2023, showing a 0.4% increase from the revised August forecast. This figure represents an 8.7% rise compared to the projected September 2022 figure of $1,836.9 billion. The robust increase in infrastructure and construction activities is a key driver behind the growth of the water and sewer line and related structures construction market.
The growth trajectory of the water and sewer line and related structures construction market is further fueled by the surge in smart city initiatives. These initiatives involve large-scale urban development projects utilizing advanced technology and data-driven solutions to enhance city efficiency, environmental sustainability, and overall quality of life. Water and sewer line construction activities within smart cities contribute to establishing resilient, sustainable, and responsive urban water management systems. This technological integration enhances a city's ability to respond to changing circumstances, providing citizens with reliable and efficient water and sewer services. As of November 2023, the Ministry of Housing and Urban Affairs in India reported a total of 7,947 smart city projects, with 6,196 projects completed and 1,751 projects ongoing. The escalating smart city initiatives are a significant driver for the growth of the water and sewer line and related structures construction market.
The water and sewer line and related structures construction market are witnessing a prominent trend with the increasing adoption of technological advancements. Major companies in this market are strategically focusing on the development of innovative technologies to maintain and strengthen their positions. For instance, in February 2023, Vortex Companies, a US-based company specializing in trenchless sewer and pipeline rehabilitation products, introduced the MICROcure LED CIPP Curing System (MICROcure). This small-diameter pipe UV curing technology enhances Vortex Companies' UV Cured-In-Place Pipe (CIPP) solutions portfolio. The MICROcure's unique design, tailored for relining sewage mains, laterals, and interior plumbing systems with diameters ranging from 3 inches to 10 inches, distinguishes it from other products. It is compatible with both inversion and CIPP techniques, featuring two light sources for optimal curing such as a 2x400-watt unit for bending 3-inch to 6-inch pipes up to 90 degrees and an 8x100-watt unit for 6-inch to 10-inch pipes.
Strategic partnerships are a noteworthy approach adopted by major companies in the water and sewer line and related structures construction market. This collaborative strategy involves leveraging the strengths and resources of multiple companies to achieve mutual benefits and success. In October 2023, APM, a US-based infrastructure equipment manufacturing company, announced a strategic partnership with SiShield Technology Inc., a US-based chemical manufacturer. SiShield's antimicrobial formulations complement ConShield products, forming an invisible protective shield that inhibits the growth of bacteria and harmful germs. This collaboration enhances protection against bacterial activities that lead to the generation of toxic sulfuric acid in sewage systems. SiShield's ecological chemistry ensures that its water-based solutions are non-toxic, non-leaching, and environmentally and human-friendly. The partnership focuses on addressing microbial activities at their source, targeting the harmful acid generation resulting from the reaction between hydrogen sulfide gas and Thiobacillus bacteria.
In July 2021, Artera Services, a US-based provider of outsourced services for electric and natural gas infrastructure maintenance, repair, and installation, acquired K.R. Swerdfeger Construction Inc. (KRSC) for an undisclosed amount. This strategic acquisition is expected to enhance Artera's water and wastewater service offerings while expanding its primary gas distribution services into Colorado and New Mexico. K.R. Swerdfeger Construction Inc. is a US-based company specializing in site work construction, heavy industry, water and sewer, as well as gas and power services.
Major companies operating in the water and sewer line and related structures construction market report are American Recycled Products LLC, MasTec Inc., Artera Services LLC, Michels Corporation, CenturyLink Inc., KLJ Paraflex India Limited, Charter Oak Utility Constructors Inc., Utility Construction Company Inc., China Energy Engineering Group Hunan Power Construction Co. Ltd., EMCOR Group Inc., Hochtief AG, Eiffage SA, Skanska AB, Quanta Services Inc., United Utilities Group plc, Veolia Environnement SA, Suez Environnement Company, Engie SA, Huaneng Power International Inc., Companhia de Saneamento Basico do Estado de Sao Paulo, American Water Works Company Inc., Carrier Global Corporation, Severn Trent plc, Anglian Water Services Ltd., A.P. Moller Maersk A/S, China COSCO Shipping Corp. Ltd., Xylem Inc., Pentair plc, Evoqua Water Technologies LLC .
Asia-Pacific was the largest region in the water and sewer line and related structures construction market in 2023. North America was the second-largest region in the water and sewer line and related structures construction market in 2023. The regions covered in the water and sewer 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 water and sewer line and related structures construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The water and sewer line and related structures construction market includes revenues earned by entities by constructing gas and liquid pipelines, pipeline integrity and anomaly repairs, structural steel and pipe fabrication, station and facility construction, pipeline construction consultation, and other related services. The market includes new work, additions, alterations, maintenance, and repairs. 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 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.