Building Foundations: Water And Sewer Line Construction Market 2024 | Trends and Competitive Landscape

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 in the historic period can be attributed to population growth and urbanization, aging infrastructure, government investments, 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 growth in the forecast period can be attributed to smart infrastructure, climate change adaptation, water scarcity challenges, public-private partnerships, rural development initiatives.. Major trends in the forecast period include smart technologies integration, water conservation measures, aging infrastructure renewal, public-private partnerships, modular and prefabricated construction..

Market Overview -
Water lines refer to the pipes that carry clean water from public or private water sources into and throughout a building, and sewer lines refer to pipes designed to transport waste of any kind from a location where it is not wanted to one where it may be treated or disposed of. Water is transported using water lines at the home and to other locations where it is required and helpful, and sewer lines are used to transport solid waste or gray water waste to a septic system or a municipal sewage treatment facility. It involves the design and construction of water and sewer lines.

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Increasing Infrastructure And Construction Activities Boom Propel Water And Sewer Line Construction Market
The increasing infrastructure and construction activities are expected to boost the growth of the water and sewer line and related structures construction market going forward. Infrastructure and construction activities include all work done as part of the demolition, assembly, alteration, installation, or equipping of buildings, structures, roadways, or their appurtenances, which includes clearing land, grading, excavating, and filling. While constructing a home or commercial location, one must install water and sewer pipes, hence, increasing infrastructure and construction activities are expected to boost the water and sewer line and related structures' construction market. For instance, in November 2023, according to the US Census Bureau, a US-based primary institution in the Federal statistics System in charge of delivering population and economic statistics, construction spending is estimated to reach $1,996.5 billion in September 2023, up 0.4% (1.2%) from the revised August forecast of $1,988.3 billion. The September figure is 8.7% (1.8%) higher than the projected September 2022 figure of $1,836.9 billion. Similarly, in June 2022, according to USAFACTS,a US-basednonpartisan social organization dedicated to making government data accessible and intelligible to all Americans, the federal government spent $36.6 billion on infrastructure and gave provinces $94.5 billion in grants. Therefore, the increasing infrastructure and construction activities are driving the growth of the water and sewer line and related structures construction market.

Competitive Landscape -
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 São 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 .

Technological Advancements Shape The Future Of Water And Sewer Line Construction
Technological advancements are a key trend gaining popularity in the water and sewer line and related structures construction market. Major companies operating in the water and sewer line and related structures construction market are focusing on developing new technologies to sustain their position in the market. For instance, in February 2023, Vortex Companies, a US-based company that offers a full range of trenchless sewer and pipeline rehabilitation products, launched the small-diameter IMS MICROcure LED CIPP Curing System (MICROcure), a small-diameter pipe UV curing technology, to its portfolio of UV CIPP solutions. The unique design of MICROcure, which is used to reline sewage mains, laterals, and interior plumbing systems with diameters ranging from 3 inches to 10 inches, sets it apart from other products. It is compatible with both inversion and CIPP techniques. The system has two light sources for the best curing: a 2x400-watt unit that can readily bend 3-inch to 6-inch pipes up to 90 degrees and an 8x100-watt unit that can handle 6-inch to 10-inch pipes.

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Key Segments -
The water and sewer line and related structures construction market covered in this report is segmented -
1) By Type: Water And Sewer Line And Related Structures Construction, Oil And Gas Pipeline And Related Structures Construction, Power And Communication Line And Related Structures Construction
2) By Type Of Contractor: Large Contractors, Small Contractors
3) By Application: Industrial, Business, Services, Other Applications
4) By End-User: Private, Public

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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