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Transmission Line Construction in Canada - Market Research Report (2015-2030)

Matty O'Malley Matty O'Malley New York, United States Last Updated: March 2025 NAICS 23713CA

Revenue

$6.8bn

2025

$6.8bn

Past 5-Year Growth

Profit

$XXX.Xm

Employees

19,370

Businesses

1,119

Wages

$X.Xbn

Transmission Line Construction in Canada industry analysis

Transmission line construction contractors are at the crux of an evolving energy landscape, driven by an uptick in renewable energy projects and increased manufacturing construction. Contractors have been navigating a period of considerable transformation, shaped largely by the surge in utility-scale renewable installations and government-backed infrastructure investments geared towards a more sustainable energy future. This influx of projects has opened up numerous opportunities for contractors, especially those involved in designing and constructing the extensive networks needed for new remote installations. Significant governmental financial commitments, such as the Canada Infrastructure Bank's recent emphasis on clean power projects, have further bolstered the sector, enabling contractors to tap into large-scale energy projects while modernizing their operational capabilities to meet growing demand. Industry revenue has been increasing at a CAGR of 2.5% over the past five years to total an estimated $6.8 billion in 2025, including an estimated increase of 1.6% in 2025.

Trends and Insights

  • The rise in factory construction has spelled more work for transmission line contractors. As new factories need reliable electricity, transmission companies should partner with these industries and leverage technology for sustained growth and efficiency.
  • Government investments in Canada's energy infrastructure are outpacing the private sector. They've flooded funds into modernizing aging systems and integrating renewables, ensuring a reliable power grid and sustainable energy future.
  • Ontario is a hotbed for transmission line contractors because of its bustling industrial and renewable energy scenes. With major government-backed projects and a booming manufacturing sector, contractors are busy serving the province's immense energy demands.
  • Concentration among larger transmission line construction contractors is expanding. Thanks to their resources and expertise, they're nabbing major projects and handling challenges that smaller contractors can't manage.

Access hundreds of data points and trends

  • Market estimates from 2015-2030
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2015-2030)

Industry revenue has grown at a CAGR of 2.5 % over the past five years, to reach an estimated $6.8bn in 2025.

Trends and Insights

Renewable energy investments greatly benefitted transmission line construction contractors

  • The renewable energy sector in Canada has seen robust growth, with wind, solar and energy storage capacities increasing by 46.0% from 2019 to 2024, reaching over 24 GW. By 2024, Canada boasts 341 active wind energy projects and 217 utility-scale solar projects, alongside approximately 96,000 onsite solar installations.
  • Additional trends and insights available with purchase
Transmission Line Construction in Canada
Revenue (2015-2030)
IBISWorld Logo Source: IBISWorld

Industry outlook (2025-2030)

Market size is projected to grow over the next five years.

Trends and Insights

Profit to remain stable, but threats loom

  • According to the Hub, the construction sector will face critical labour shortages, with a need for 352,000 new workers by 2033. The retirement of 21.0% of the current workforce will contribute to these shortages. These shortages may significantly delay project timelines for transmission line contractors, increasing costs, affecting overall project efficiency and hindering profit.

Biggest companies in the Transmission Line Construction in Canada

Company
Market Share (%)
2025
Revenue ($m)
2025
Profit ($m)
2025
Profit Margin (%)
2025
Quanta Services
1,447.0
89.8
6.2
Aecon
314.1
10.7
3.4
MYR Group
121.1
4.9
4.0

To view the market share and analysis for all 4 top companies in this industry, view purchase options.

Products & Services Segmentation

Transmission Line Construction in Canada
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Power plant construction, Transmission and distribution line construction and Telecommunications infrastructure construction. Power plant construction is the largest segment of the Transmission Line Construction in Canada.

Trends and Insights

Power plant construction has been steady

  • Transmission line contractors provide various infrastructure services for the electric power and telecommunications sector. They also construct nuclear, coal, natural and renewable power plants, excluding hydroelectric dams. Canada's primary source of electricity comes from hydroelectric dams and power plants, which heavy engineering construction contractors provide services to.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

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.

What's included in this industry?

Renewable energy facilitiesCellular phone towersCommunication towersElectric power transmission lines and towersElectric power generation facilities (except hydroelectric facilities)Fibre-optic cable networksUnderground cable

Companies

Quanta ServicesAeconMYR Group

Purchase this report to view all 4 major companies in this industry.

Related Terms

CROWN CORPORATIONTRANSMISSIONDISTRIBUTIONPOWER GRIDOPTICAL FIBRE

Industry Code

NAICS 2007

NAICS 237130 - Transmission Line Construction in Canada

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

The rise in factory construction has spelled more work for transmission line contractors. As new factories need reliable electricity, transmission companies should partner wi...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2015-2024) and forecast (2025-2030)
  • Employees, including historical (2015-2024) and forecast (2025-2030)
  • Businesses, including historical (2015-2024) and forecast (2025-2030)
  • Profit, including historical (2015-2025)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Government investments in Canada's energy infrastructure are outpacing the private sector. They've flooded funds into modernizing aging systems and integrating renewables, en...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2025
  • Product innovation level

Charts

  • Products & services segmentation in 2025
  • Major market segmentation in 2025

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Ontario is a hotbed for transmission line contractors because of its bustling industrial and renewable energy scenes. With major government-backed projects and a booming manu...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each province
  • Share of population compared to establishments in each region in 2025

Tables

  • Number and share of establishments in each province in 2025
  • Number and share of revenue each province accounts for in 2025
  • Number and share of wages each province accounts for in 2025
  • Number and share of employees in each province in 2025

Detailed analysis

  • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Concentration among larger transmission line construction contractors is expanding. Thanks to their resources and expertise, they're nabbing major projects and handling chall...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2020-2025
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Quanta Services is making waves with two major projects. Their involvement in the $1.2 billion Waasigan Transmission Project and the $737.0 million Ontario East-West Tie Line...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2021 through 2025
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2025
  • Overview of Quanta Services's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of Aecon's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of MYR Group's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of revenue, market share and profit margin trend for one additional company

Detailed analysis

  • Description and key data for Quanta Services, and factors influencing its performance in the industry
  • Description and key data for Aecon, and factors influencing its performance in the industry
  • Description and key data for MYR Group, and factors influencing its performance in the industry
  • Description, key data and performance trends for one additional company

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Contractors face a complex regulatory landscape. Compliance with the North American Electric Reliability Corporation, Alberta Electric System Operation and Canadian Radio-Tel...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2015-2030) 
  • Assistance historical data and forecast (2015-2030) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Wage costs for transmission line contractors are soaring because of labour shortages. With fewer workers entering the industry, companies offer higher wages to attract talent...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Investment vs. share of economy

Data tables

  • Liquidity Ratios (2018-2023)
  • Coverage Ratios (2018-2023)
  • Leverage Ratios  (2018-2023)
  • Operating Ratios (2018-2023)
  • Assets (2018-2023)
  • Liabilities (2018-2023)
  • Cash Flow & Debt Service Ratios (2015-2030)
  • Revenue per Employee (2015-2030)
  • Revenue per Enterprise (2015-2030)
  • Employees per Establishment (2015-2030)
  • Employees per Enterprise (2015-2030)
  • Average Wage (2015-2030)
  • Wages/Revenue (2015-2030)
  • Establishments per Enterprise (2015-2030)
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Transmission Line Construction industry in Canada in 2025?

The market size of the Transmission Line Construction industry in Canada is $6.8bn in 2025.

How many businesses are there in the Transmission Line Construction in Canada industry in 2025?

There are 1,119 businesses in the Transmission Line Construction industry in Canada, which has declined at a CAGR of 0.1 % between 2020 and 2025.

Has the Transmission Line Construction industry in Canada grown or declined over the past 5 years?

The market size of the Transmission Line Construction industry in Canada has been growing at a CAGR of 2.5 % between 2020 and 2025.

What is the forecast growth of the Transmission Line Construction industry in Canada over the next 5 years?

Over the next five years, the Transmission Line Construction industry in Canada is expected to grow.

What are the biggest companies in the Transmission Line Construction market in Canada?

The biggest companies operating in the Transmission Line Construction market in Canada are Quanta Services, Aecon and MYR Group

What does the Transmission Line Construction in Canada include?

Renewable energy facilities and Cellular phone towers are part of the Transmission Line Construction industry.

Which companies have the highest market share in the Transmission Line Construction in Canada?

The company holding the most market share in Canada is Quanta Services.

How competitive is the Transmission Line Construction industry in Canada?

The level of competition is high and steady in the Transmission Line Construction industry in Canada.

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Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Canada include:

  • Statistics Canada
  • Industry Canada
  • Canadian Business Patterns

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.