Energy and Utilities Construction Market to Reach $182.79 Billion by 2029

Strategic Insights -

The global energy and utilities construction market is expected to grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2029, reaching a value of $182.79 billion by the end of the forecast period. This growth is driven by the increasing demand for sustainable and clean energy alternatives, the adoption of smart grid systems, and the expansion of infrastructure in response to rapid urbanization and government investments. Strategic partnerships among major players are also driving the market, as companies combine their strengths to deliver essential energy and construction services.

Key Takeaways:

  • The energy and utilities construction market size will grow from $121.67 billion in 2024 to $182.79 billion in 2029, with a CAGR of 8.4%.
  • The growth can be attributed to the increasing demand for sustainable and clean energy alternatives, the adoption of smart grid systems, and the expansion of infrastructure in response to rapid urbanization and government investments.
  • Strategic partnerships among major players, such as the partnership between Matterport, Inc. and Burns & McDonnell, are driving the market, enabling companies to deliver essential energy and construction services more efficiently.
  • Notable results from strategic partnerships include the elimination of 250 site visits, completion of projects under budget, and reduction of timelines by 30%.
  • Major companies operating in the energy and utilities construction market are North America, with the largest region in 2024, followed by Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
  • The report covers 12 countries, including Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain, with a forecast period of 2025-2029.
  • Key players in the market, such as BASF SE, Fluor Corporation, AECOM, Sika AG, TechnipFMC plc, and others, are competing to deliver essential energy and construction services.

Statistics:

  • Global energy and utilities construction market size: $121.67 billion (2024)
  • Forecasted market size: $182.79 billion (2029)
  • CAGR: 8.4% (2024-2029)
  • Regions covered: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa
  • Countries covered: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

Sources:

  • ResearchAndMarkets.com, "Energy and Utilities Construction Market Report 2025"
  • International Energy Agency (IEA), "Global renewable energy capacity increased by 50% in 2023"
  • Matterport, Inc., "Partnership with Burns & McDonnell to provide digital twin technology for energy, utilities, and manufacturing sectors"
  • Willdan Group Inc., "Acquisition of Alternative Power Generation, Inc. for an undisclosed amount"
  • Key Attributes: Report AttributeDetailsNo. of Pages250Forecast Period2025 - 2029Estimated Market Value (USD) in 2025$132.37 BillionForecasted Market Value (USD) by 2029$182.79 BillionCompound Annual Growth Rate8.4%Regions CoveredGlobal Key Topics Covered: 1. Executive Summary 2. Energy and Utilities Construction Market Characteristics 3. Energy and Utilities Construction Market Trends and Strategies 4. Energy and Utilities Construction Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, and Covid and Recovery on the Market 4.1. Supply Chain Impact from Tariff War & Trade Protectionism 5. Global Energy and Utilities Construction Growth Analysis and Strategic Analysis Framework 5.1. Global Energy and Utilities Construction PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints) 5.2. Analysis of End Use Industries 5.3. Global Energy and Utilities Construction Market Growth Rate Analysis 5.4. Global Energy and Utilities Construction Historic Market Size and Growth, 2019-2024, Value ($ Billion) 5.5. Global Energy and Utilities Construction Forecast Market Size and Growth, 2024-2029, 2034F, Value ($ Billion) 5.6. Global Energy and Utilities Construction Total Addressable Market (TAM) 6. Energy and Utilities Construction Market Segmentation 6.1. Global Energy and Utilities Construction Market, Segmentation by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion -Energy Construction -Utilities Infrastructure Construction 6.2. Global Energy and Utilities Construction Market, Segmentation by Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion -Conventional Technologies -Renewable Energy Technologies -Smart Grid Technologies -Advanced Metering Infrastructure 6.3. Global Energy and Utilities Construction Market, Segmentation by Scale of Project, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion -Small-Scale Projects -Medium-Scale Projects -Large-Scale Projects 6.4. Global Energy and Utilities Construction Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion -Civil Use -Military Use 6.5. Global Energy and Utilities Construction Market, Segmentation by End-Users, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion -Residential -Commercial and Industrial -Public Sector and Infrastructure 6.6. Global Energy and Utilities Construction Market, Sub-Segmentation of Energy Construction, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion -Power Plant Construction -Renewable Energy Facility Construction -Transmission Line Construction -Electrical Substation Construction -Battery Energy Storage System Installation -Microgrid Development -Electric Vehicle Charging Infrastructure 6.7. Global Energy and Utilities Construction Market, Sub-Segmentation of Utilities Infrastructure Construction, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion -Water Supply Network Construction -Sewage and Wastewater System Construction -Natural Gas Pipeline Construction -Electrical Grid Infrastructure -District Heating and Cooling Systems -Telecommunications Utility Lines -Stormwater Drainage Systems 7. Energy and Utilities Construction Market Regional and Country Analysis 7.1. Global Energy and Utilities Construction Market, Split by Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion 7.2. Global Energy and Utilities Construction Market, Split by Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion Companies Featured -BASF SE -Fluor Corporation -AECOM -Sika AG -TechnipFMC plc -McDermott International Ltd. -KBR Inc. -Dassault Systemes SE -Huntsman Corporation -NPL Construction Co. -Ashland Inc. -GCP Applied Technologies Inc. -Master Builders Solutions Deutschland GmbH -BlackEagle Energy Services LLC -Denbow Company Inc. -Mapei SpA -PAC Technologies LLC -Skanska UK Plc -Jacobs Engineering Group Inc. -Larsen & Toubro Limited -John Wood Group PLC -Bechtel Corporation Report information: https://www.researchandmarkets.com/r/7jh5zk ((Comments on this story may be sent to newsdesk@closeupmedia.com))