NAICS 23713 - Power and Communication Line and Related Structures Construction
This industry comprises establishments primarily engaged in the construction of power lines and towers, power plants, and radio, television, and telecommunications transmitting/receiving towers. 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 power and communication line and related structures construction. All structures (including buildings) that are integral parts of power and communication networks (e.g., transmitting towers, substations, and power plants) are included.
Industry trends:
The Power and Communication Line and Related Structures Construction industry (NAICS 23713) is undergoing several significant qualitative trends that are expected to shape its near future. One of the most prominent trends is the increasing adoption of smart grid technologies. As utility companies aim to modernize infrastructure, they are investing in advanced monitoring and management systems that integrate renewable energy sources, thus enhancing grid reliability and efficiency.
Additionally, the industry is witnessing a surge in demand for the construction of 5G and fiber-optic networks. The race to expand high-speed internet access, especially in underserved and rural areas, is driving considerable investments from both public and private sectors.
Environmental sustainability is also gaining traction, with firms increasingly focusing on green construction practices. This includes the use of energy-efficient materials and methods that minimize environmental impact, aligning with broader regulatory and societal shifts towards sustainability.
Another key trend is workforce development and the adoption of advanced construction technologies such as drones, robotics, and AI-powered project management tools. These innovations are expected to improve project accuracy, safety, and overall efficiency, addressing some of the chronic labor shortages faced by the industry.
Looking ahead, the industry is likely to see continued growth and transformation driven by technological advancements, regulatory changes, and increasing emphasis on sustainability. These factors, combined with ongoing infrastructure modernization efforts, suggest a robust demand landscape for companies specializing in power and communication line construction in the coming years.
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