Under construction: Growth is expected to slow as electricity providers continue shifting toward renewable sources

The Transmission Line Construction industry in Illinois has experienced robust growth over the past five years to 2017. The double-digit rise in industry revenue is expected to be driven by several major projects. Illinois is a key generator of electricity in the Midwest region. The size of the state relative to other states in the region and the high level of economic activity in the state has driven demand for electricity at the residential, commercial and industrial level. The industry is xpected to grow at a much slower rate over the five years to 2022. Growth during the period is expected to be organic as electricity providers will be compelled to continue shifting toward renewable sources due to the renewable portfolio standard...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
13.6%
Forecast Growth 17-22
Profit
Employment
7,021
Businesses
305

Industry Threats & Opportunities

  • The growth of renewable energies has and will continue to require new construction services
  • The industry has experienced strong demand for its services to help expand the delivery of renewable energy
  • Industry operators will ensure that demand for their services remains positive
  • Industry Report - Industry Analysis Chapter

    The Transmission Line Construction industry in Illinois mainly comprises medium- to large-size contractors that perform new transmission line construction, maintenance and renovation projects. These contractors typically work on large-scale projects that take several years to complete. Over the past five years, demand for industry services has increased strongly following several prominent projects in the state. In the past decade, the state of Illinois has articulated its desire to expand transmission systems and use utility projects to support its economy and meet changing environmental conditions while improving their grid stability. During the five-year period, the Transmission Line Construction industry in Illinois is expected to grow at an annualized rate of 13.6% to $3.0 billion. Wit...purchase to read more.

    Additional Insights for the Transmission Line Construction in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Transmission Line Construction in Illinois Industry are

  • Ability to compete on tender
  • Having a good reputation
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Demand from utilities and Price of electric power in the Transmission Line Construction in Illinois industry impact industry performance..

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    What's in this report

    What is the Transmission Line Construction in Illinois Industry?

    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 television 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.

    Industry Products
  • Electric power transmission infrastructure construction and repair
  • Power plant construction and repair
  • Telecommunications infrastructure construction and repair
  • Other construction services
  • Industry Activities
  • Electric power line construction
  • Electric power line reconstruction and repair
  • Power plant construction and repair, excluding hydroelectric
  • Communication transmission line construction
  • Communication transmission line reconstruction and repair
  • Communication tower construction
  • Communication tower reconstruction and repair
  • Radio and TV transmission and receiving tower construction
  • Radio and TV transmission and receiving tower reconstruction and repair
  • Laying communication cables
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from utilities
  • Price of electric power
  • Local and State Government Expenditure in Illinois
  • Number of broadband connections
  • Yield on 10-year Treasury note

  • Current Performance
  • State profile
  • Major projects drive revenue growth
  • Operational trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Renewable sources
  • Potential energy scenarios
  • Operational trends
  • Table: Transmission Line Construction in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Transmission Line Construction in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Electric Power Transmission
  • Land Development
  • Heavy Engineering Construction
  • Cable Networks
  • Wired Telecommunications Carriers
  • VoIP
  • Telecommunications Resellers
  • Coal & Natural Gas Power
  • Nuclear Power
  • Hydroelectric Power

  • Key Selling Industries
  • Construction & Mining Equipment Wholesaling
  • Excavation Contractors
  • Glass Product Manufacturing
  • Heavy Equipment Rental
  • Manufactured Home Wholesaling
  • Metal Pipe & Tube Manufacturing
  • Plastic Pipe & Parts Manufacturing
  • Professional, Scientific and Technical Services
  • Steel Framing
  • Wire & Cable Manufacturing

  • Products & Services
  • Electric power transmission infrastructure construction and repair
  • Power plant construction and repair
  • Telecommunications infrastructure construction and repair
  • Other construction services
  • Chart: Transmission Line Construction in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Private power infrastructure markets
  • Private telecommunications markets
  • Government
  • Chart: Major Market Segmentation for the Transmission Line Construction in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Marketing, rent and utilities, and depreciation
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Transmission Line Construction in Illinois

  • Basis of Competition
    Private sector contractsPublic contracts
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Transmission Line Construction in Illinois Industry

  • Aristeo Construction Co., Kiewit Corporation, M.A. Mortenson Company, Plocher Construction Company Inc.,
  • Table: Aristeo Construction Co. - financial performance
  • Table: Kiewit Corporation - financial performance
  • Table: M.A. Mortenson Company - financial performance
  • Table: Plocher Construction Company Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Transmission Line Construction in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Transmission Line Construction in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Demand from utilities (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cherry Picker
  • A crane with a platform attached at its top, used to raise and lower workers.
  • Excavator
  • A piece of heavy construction equipment with a shovel or bucket attached to its front. Used to dig and move earth and other materials.
  • General Contractor
  • An individual or company that manages the construction of a structure for a property owner or developer. A general contractor may retain its own labor force or use subcontractors for projects.
  • Tendering
  • A written offer or bid to contract goods or services at a specified cost or rate.
  • Transmission Line
  • Cables and utility lines used to transmit electricity, data, voice, and video services.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Transmission Line Construction in Illinois provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Transmission Line Construction in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Transmission Line Construction in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Transmission Line Construction in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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