Heavy and civil engineering construction refers to a branch of civil engineering that focuses on the design, construction and maintenance of large-scale infrastructure projects. These projects often involve significant use of heavy equipment and materials.
The heavy and civil engineering construction market consists of sales of heavy and civil engineering construction services by entities (organizations, sole traders and partnerships) that undertake heavy and civil engineering construction projects (for example, highways, airports, tunnels and dams). The work performed may include new work, additions, alterations or maintenance and repairs.
The global heavy and civil engineering construction market was valued at $1,613.73 billion in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of 4.00%.
Investment In Renewable Power Generation Capabilities
The rapid growth of investments in renewable power generation capacities contributed growth of the heavy and civil engineering construction market during the historic period. Increase in renewable power generation capabilities create a surge in demand for new infrastructure projects, including power plants, transmission networks and energy storage systems. Many power generation companies are investing in renewable energy sources, especially in the USA and European countries. For instance, in 2024, EDF Energy, an UK based energy provider is supporting its customers in installing solar panels turn sunlight into savings with the launch of its new tariff, Empower Exclusive. Governments globally are also promoting renewable energy sources by offering incentives and subsidies to solar power generation companies. For instance, according to the Clean Energy Australia 2022 Report, 9 GW of new large renewable energy capacity was introduced to the network in 2021, representing 68 large-scale projects under construction worth $18 billion in investment and about 35,000 new jobs. This is contributed to the growth of electric power generation and subsequently drive the heavy and civil engineering construction market during the historic period.
Use Of Advanced Imaging Technology In Utility Infrastructure Monitoring
Major companies operating in the heavy and civil engineering construction market are focusing on using imaging technology in the utility industry to gain a competitive edge in the market. Imaging plays a crucial role in utility services for assessing infrastructure and detecting faults, ensuring efficient and reliable electricity operations. For instance, in April 2023, according to the Dubai Electricity and Water Authority (DEWA), a Dubai-based utility firm, launched the DEWA SAT-2, a 6U nanosatellite that boasts a 4.7-meter high-resolution camera for Earth observation in seven spectral bands from a 500-km orbit, complemented by infrared tools for greenhouse gas measurement. These devices are primarily designed for use in energy and water networks and will be deployed to detect thermal patterns in high-voltage transmission lines, substations, homes and solar power stations.
The global heavy and civil engineering construction market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 27.47% of the total market in 2023.
Heavy And Civil Engineering Construction Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global heavy and civil engineering construction market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for heavy and civil engineering construction? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The heavy and civil engineering 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 history and forecasts market growth by geography. It places the market within the context of the wider heavy and civil engineering construction market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by organization size and by end user.
- Product Analysis- The product analysis section of the report describes the leading products in the heavy and civil engineering construction market, along with key features and differentiators for those products.
- Supply Chain- The supply chain section of the report defines and explains the key players in the heavy and civil engineering construction industry supply chain.
- Customer Information- The chapter covers recent customer trends/preferences in the global heavy and civil engineering construction market.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the heavy and civil engineering construction market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by organization size and by end user in the market. Historic (2018-2023) and forecast (2022-2027) and (2027-2032) market values and growth and market share comparison by region market.
- Regional Market Size And Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Future Outlook And Potential Analysis- Contains information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Utility System Construction; Highway; Street And Bridge Construction; Other Heavy And Civil Engineering Construction
- 2) By Organization Size: Large Contractors; Medium Contractors And Small Contractors
- 3) By End User: Private; Public
- Companies Mentioned: China Railway Construction Corporation Limited; China Railway Group Ltd.; China State Construction Engineering Corporation Ltd.; China Communications Construction Company Limited; Power Construction Corporation of China (PowerChina Corp.)
- Countries: China; Australia; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; heavy and civil engineering construction indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.