Top 10 Utility Construction Services Companies - 2023

Utility system construction involves the detailed design and planning of structures involving water, sewer, and gas lines. The two most common types of construction are water and sewer lines and related facilities, as well as oil and gas pipelines and associated structures. This sector includes construction, power, and communication lines and is implemented in various sectors, including private and public. Both large and small contractors provide services.

With a compound annual growth rate (CAGR) of 4.9%, the worldwide utility system construction market increased from $717.5 billion in 2022 to $752.81 billion in 2023. At a CAGR of 4.0%, the utility system construction market is anticipated to reach $881.85 billion in 2027.

Health and safety concerns have always been of utmost importance in the utility construction sector. Worker safety is a constant concern in the construction industry due to the workers’ exposure to live wires, fire, confined spaces, heights, and underground work. They also handle loads physically, take hazardous products, use machinery and equipment, and work close to falling objects. The majority of deaths, 20%, occur in the US construction industry, which employs just 6% of the country’s workforce yet accounts for more fatalities than any other sector. Inadequate safety and health precautions cause fatalities, injuries, and illnesses, which harm both the built environment and the construction environment.

Utility system construction firms effectively manage projects by utilizing cutting-edge technologies like drones. A drone is an uncrewed aerial vehicle (UAV) that can be operated remotely and is equipped with communication technology. Earthwork volume estimates, elevation mapping, and environmental study are typical drone applications in utility system building. The landscape may vary every day while the project is being built. Thus, project managers must keep track of these changes. Additionally, managers are using drones to track the status of projects and aid in decision-making.

This edition of Utilities Business Review highlights the key developments in the space and how companies are capitalizing on them to deliver robust solutions. We have curated thought leadership articles from industry experts, including Richard L, President at Wickson and Dustin Schwei, Nathan Dutcher Co-founders of National Pipeline Contractors.

This edition of Utilities Business Review focuses on Utility Construction in the hopes that you and your organization can create a retail environment that is fueled by efficient technology.