Energy and utilities construction market seen topping $207 billion by 2030

By AI, Created 2:35 PM UTC, May 21, 2026, /AGP/ – The Business Research Company projects the global energy and utilities construction market will exceed $207 billion by 2030, led by North America and the U.S. The report points to renewable energy buildout, grid modernization and utility resilience spending as the main growth drivers through 2030.

Why it matters: - The energy and utilities construction market is moving into a large-scale buildout phase as governments and utilities fund power, grid, storage and water infrastructure. - The sector is forecast to reach more than $207 billion by 2030, making it a meaningful slice of the much larger heavy and civil engineering construction market. - Demand is being driven by reliability needs, renewable energy integration and upgrades to aging utility systems.

What happened: - The Business Research Company released a market report on the global energy and utilities construction market with a 2026-2035 outlook. - The report puts the market at more than $207 billion in 2030. - North America is projected to be the largest region in 2030, with a market value of $77 billion. - The U.S. is projected to be the largest country in 2030, with a market value of $66 billion. - The market is expected to grow at an 8% CAGR through 2030. - A free sample of the report is available. - A detailed report is also available.

The details: - Energy and utilities construction is expected to represent about 8% of the heavy and civil engineering construction parent market in 2030. - The broader construction industry is expected to reach $21,691 billion by 2030, putting energy and utilities construction at nearly 1% of total industry value. - North America is projected to grow from $53 billion in 2025 to $77 billion in 2030, at an 8% CAGR. - The U.S. is projected to grow from $45 billion in 2025 to $66 billion in 2030, also at an 8% CAGR. - Energy construction is expected to be the largest type segment in 2030, with 57% of the market, or $118 billion. - Utilities infrastructure construction remains the other main type segment. - The market is also segmented by technology into conventional technologies and renewable energy technologies. - The market is segmented by project scale into small-scale, medium-scale and large-scale projects. - The market is segmented by application into civil use and military use. - The market is segmented by end user into residential, commercial and industrial, and public sector and infrastructure. - The energy construction segment is supported by power generation capacity expansion, renewable energy installations, large-scale energy storage, aging plant replacement and transmission upgrades.

Between the lines: - The report’s growth math suggests the biggest opportunity is not one single asset class, but a connected infrastructure cycle spanning generation, transmission, storage and digital monitoring. - North America’s lead points to sustained capital deployment in renewables, grid hardening and smart grid systems. - The U.S. lead reflects the scale of utility replacement needs, EV charging buildout and resilience spending tied to climate risk. - The three main growth drivers named in the report add up to incremental annual growth contributions of 2.3% from reliable infrastructure demand, 2.0% from renewable integration and 1.8% from modernization of aging utility infrastructure.

What’s next: - The report expects demand to stay elevated through 2030 as utilities and governments keep funding reliability, decarbonization and modernization projects. - The energy construction segment is projected to add $38 billion by 2030. - The utilities infrastructure construction segment is projected to add $29 billion over the same period. - The company says the largest opportunities will come from solar, wind and hydro projects, grid upgrades, energy storage and smart grid systems.

The bottom line: - Energy and utilities construction is set to remain one of the clearest beneficiaries of the energy transition, with the U.S. and North America leading spending through 2030.