$99.3bn
$X.Xbn
280k
9,694
$XX.Xbn
The Transmission Line Construction industry has grown over the five years to 2024, driven by expanding demand from the industry's primary downstream market, electric power companies. The construction and maintenance of electrical power and telecommunication lines are vital components to every sector of the economy and to society at large, reducing volatility for the industry. Demand for electricity is only growing, with, for instance, computing power for the burgeoning AI and crypto industries putting new demands on the grid. Meeting the moment, the 2021 Infrastructure Investment and Jobs Act has benefitted the industry, making historic investments into infrastructure, including transmission line construction.
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated $99.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Quanta Services, Inc. | 10,095.9 | 572.6 | 5.7 | |
Mdu Resources Group Inc. | 2,847.9 | 85.8 | 3.0 | |
Pike Corp | 2,446.3 | 148.8 | 6.1 |
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Industry revenue is measured across several distinct product and services lines, including Electric power transmission infrastructure construction and repair, Power plant construction and repair and Telecommunications infrastructure construction and repair. Electric power transmission infrastructure construction and repair is the largest segment of the Transmission Line Construction in the US.
Increased need for electric power transmission infrastructure as the economy grows
Operators in this industry provide construction, repair, rehabilitation and maintenance work for a variety of forms of electric power and telecommunications infrastructure, including power lines, power plants, radio and TV towers and cable infrastructure. Industry operators, however, do not perform construction work on hydroelectric power stations, the construction of broadcast studios or electrical maintenance work within buildings.
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NAICS 23713 - Transmission Line Construction in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Government investments are boosting the industry. With initiatives like the Bipartisan Infrastructure Law and the Infrastructure Investment and Jobs Act, government funding i...
Learn about an industry's products and services, markets and trends in international trade.
Electrical power transmission infrastructure remains the largest product segment. Increased business investment and government funding will lead to higher levels of electric ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast is widely dispersed, and communication and power transmission networks must cover a wide area. Disparate population and economic activity require longer telecom...
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.
Most construction work is completed under long-term service agreements and contracts are open to tender and competitive bidding. Contractors compete on price and quality of s...
Learn about the performance of the top companies in the industry.
Transmission line construction is highly fragmented. Still, Quanta is a strong player with a higher-than-average profit level. Quanta owns LineMaster robotic arm, providing p...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Transmission line contractors are subject to heavy safety regulations. They must comply with worker safety, environmental protection, permits, wage and hour, building and ele...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases are the largest cost for transmission line contractors. Purchases include steel, fiber optic cables, plastic and metal pipes, wires and a variety of other cables an...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Transmission Line Construction in the US industry in United States is $99.3bn in 2024.
There are 9,694 businesses in the Transmission Line Construction in the US industry in United States, which has grown at a CAGR of 2.8 % between 2019 and 2024.
The market size of the Transmission Line Construction in the US industry in United States has been growing at a CAGR of 1.8 % between 2019 and 2024.
Over the next five years, the Transmission Line Construction in the US industry in United States is expected to grow.
The biggest companies operating in the Transmission Line Construction market in United States are Quanta Services, Inc., Mdu Resources Group Inc. and Pike Corp
Electric power line construction and Electric power line reconstruction and repair are part of the Transmission Line Construction in the US industry.
The company holding the most market share in United States is Quanta Services, Inc..
The level of competition is high and steady in the Transmission Line Construction in the US industry in United States.