Transmission Line Construction in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: July 2024
NAICS 23713CARevenue
$6.2bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
18,288
Businesses
1,123
Wages
$X.Xbn
Transmission Line Construction in Canada industry analysis
Transmission line contractors have enjoyed modest growth. The pandemic led to profit and revenue declines for transmission line contractors, but as private investment in communications networks and electric power infrastructure increased, contractors enjoyed a recovery. Substantial expansion in private investments in communications networks in 2020 shielded contractors from more significant declines. Overall, revenue has risen at a CAGR of 0.0% to total an estimated $6.2 billion in 2024, with revenue increasing an estimated 0.9% in 2024.
Trends and Insights
- Transmission line contractors have benefitted from increasing investments in renewable energy and telecom networks. These sectors have seen consistent backing from both public and private entities, fortifying contractors' steady growth.
- Private investment tops government funding in driving growth. It's expanding power and fibre optic networks, spurred on by the necessity to replace old electrical systems and connect renewable power facilities.
- Transmission line contractors target populous regions. Notably, areas such as Ontario and Alberta have escalated needs, prompting service providers to establish a presence there.
- Market share in construction is moderately concentrated. This concentration is primarily because of major contractors' strategic advantages, with economies of scale and strong reputations often securing key contracts.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.0 % over the past five years, to reach an estimated $6.2bn in 2024.
Trends and Insights
Continued infrastructure expansion is a bright spot for contractors
- Transmission line contractors have enjoyed steady growth, from construction work to repairing and rehabilitating the existing transmission and distribution network. Transmission line contractors have benefited from growing investments in renewable energy power plants as provincial governments have continued phasing out coal-fired power plants to reduce emissions. Increased demand for telecommunication infrastructure has also raised transmission line contractors' revenue.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Clean energy will pick up steam
- The growing population and expanding industrial sector will boost electricity consumption moving forward. According to the Conference Board of Canada, electricity generation, transmission and distribution infrastructure investments will total $293.8 billion between 2010 and 2030. Much of this investment will be allocated to modernizing existing infrastructure.
Biggest companies in the Transmission Line Construction in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Quanta Services | 1,261.2 | 75.4 | 6.0 | |
Aecon | 236.5 | 8.1 | 3.4 | |
MYR Group | 127.1 | 4.5 | 3.5 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Transmission Line Construction in Canada
Products & Services
Industry revenue is measured across several distinct product and services lines, including Power plant construction, Transmission and distribution line construction and Telecommunications infrastructure construction. Power plant construction is the largest segment of the Transmission Line Construction in Canada.
Trends and Insights
Power plant construction has been steady
- Transmission line contractors provide various infrastructure services for the electric power and telecommunications sector. They also construct nuclear, coal, natural and renewable power plants, excluding hydroelectric dams. Canada's primary source of electricity comes from hydroelectric dams and power plants, which heavy engineering construction contractors provide services to.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Heavy Engineering Construction in Canada
Complementors
- Oil & Gas Pipeline Construction in Canada
International industries
- Transmission Line Construction in the US
- Wireless Tower Construction in the US
- Heavy Industry and Other Non-Building Construction in Australia
- Heavy Industry and Other Non-Building Construction in New Zealand
- Electricity & Telecommunications Infrastructure Construction in the UK
Table of Contents
About this industry
Industry definition
The Transmission Line Construction industry in Canada provides design, construction, maintenance and repair services for electric power and telecommunications infrastructure, such as transmission lines, towers, cables, generating facilities, electricity substations and other related infrastructure.
What's included in this industry?
Renewable energy facilitiesCellular phone towersCommunication towersElectric power transmission lines and towersElectric power generation facilities (except hydroelectric facilities)Fibre-optic cable networksUnderground cableCompanies
Quanta ServicesAeconMYR GroupPurchase this report to view all 4 major companies in this industry.
Related Terms
CROWN CORPORATIONTRANSMISSIONDISTRIBUTIONPOWER GRIDOPTICAL FIBREIndustry Code
NAICS 237130 - Transmission Line Construction in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Transmission line contractors have benefitted from increasing investments in renewable energy and telecom networks. These sectors have seen consistent backing from both publi...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Private investment tops government funding in driving growth. It's expanding power and fibre optic networks, spurred on by the necessity to replace old electrical systems and...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Transmission line contractors target populous regions. Notably, areas such as Ontario and Alberta have escalated needs, prompting service providers to establish a presence th...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Market share in construction is moderately concentrated. This concentration is primarily because of major contractors' strategic advantages, with economies of scale and stron...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Quanta is the leading transmission line contractor. Despite its capacity to cater to significant demand sources, its revenue growth has been sluggish in recent years.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Quanta Services's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Aecon's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of MYR Group's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Quanta Services, and factors influencing its performance in the industry
- Description and key data for Aecon, and factors influencing its performance in the industry
- Description and key data for MYR Group, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Transmission line contractors operate within a labyrinth of regulations. To carry out their work, they must navigate federal and provincial construction permits, labour safet...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Material costs to build transmission lines remain steep because of inflation. The consistent financial strain is largely because of the elevated prices of necessary materials...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Transmission Line Construction industry in Canada in 2024?
The market size of the Transmission Line Construction industry in Canada is $6.2bn in 2024.
How many businesses are there in the Transmission Line Construction in Canada industry in 2024?
There are 1,123 businesses in the Transmission Line Construction industry in Canada, which has grown at a CAGR of 0.5 % between 2019 and 2024.
Has the Transmission Line Construction industry in Canada grown or declined over the past 5 years?
The market size of the Transmission Line Construction industry in Canada has been growing at a CAGR of 0.0 % between 2019 and 2024.
What is the forecast growth of the Transmission Line Construction industry in Canada over the next 5 years?
Over the next five years, the Transmission Line Construction industry in Canada is expected to grow.
What are the biggest companies in the Transmission Line Construction market in Canada?
The biggest companies operating in the Transmission Line Construction market in Canada are Quanta Services, Aecon and MYR Group
What does the Transmission Line Construction in Canada include?
Renewable energy facilities and Cellular phone towers are part of the Transmission Line Construction industry.
Which companies have the highest market share in the Transmission Line Construction in Canada?
The company holding the most market share in Canada is Quanta Services.
How competitive is the Transmission Line Construction industry in Canada?
The level of competition is high and steady in the Transmission Line Construction industry in Canada.
