NAICS 23711 - Water and Sewer Line and Related Structures Construction
This industry comprises establishments primarily engaged in the construction of water and sewer lines, mains, pumping stations, treatment plants and storage tanks. The work performed may include new work, reconstruction, rehabilitation, and repairs. Specialty trade contractors are included in this group if they are engaged in activities primarily related to water and sewer line and related structures construction. All structures (including buildings) that are integral parts of water and sewer networks (e.g., storage tanks, pumping stations, water treatment plants, and sewage treatment plants) are included in this industry.
Industry trends:
The Water and Sewer Line and Related Structures Construction industry (NAICS 23711) is currently experiencing significant qualitative trends driven by an increasing emphasis on sustainable and resilient infrastructure. There is a heightened focus on adopting green construction practices and utilizing more durable, environmentally friendly materials. This shift is partly influenced by growing regulatory pressure and the rising importance of corporate social responsibility among construction firms.
Technological advancements, particularly in automation and remote monitoring systems, are becoming increasingly prevalent. These technologies enhance efficiency, reduce labor costs, and minimize downtime through predictive maintenance. The integration of Internet of Things (IoT) devices is also improving the management and operation of water and sewer systems by providing real-time data for better decision-making.
Community involvement and stakeholder engagement are gaining traction as essential components of successful water and sewer projects. Companies are prioritizing transparent communication and collaboration with local communities to address concerns, fostering goodwill, and ensuring projects meet public needs effectively.
Looking ahead, the forecast for the near future includes substantial investments in infrastructure due to aging water and sewer systems. Governments are expected to increase funding for modernization projects, spurred by recent legislation and public demand for reliable utilities. This trend suggests a positive outlook for the industry, with a steady stream of projects anticipated to support growth and innovation in the sector.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.