Market Snapshot:
Underground facilitates are partial or totally below the ground surface, which is used for storage or conveyance of electrical energy, water, sewage, petroleum products, gas, gaseous vapours or hazardous liquids from one point to another, or it used for transmission of electronic, telephonic, internet or communications signals. In addition to this, increasing number of enterprises and rising urbanization creates problems for making storage facilities for an organization. For an oil and gas or a manufacturing organization, storage facility plays a key role in operation. Therefore for such applications, underground facilities are being constructed, which will save space.
Highlights from Underground Facilities Maintenance Market Study
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The key Manufacturers profiled in the report are Quanta Services (United States), USIC (United States), Bilfinger Berger Entsorgung GmbH (Germany), Sinohydro Group Ltd (Qatar), SK Engineering and Construction Company (SKEC) (South Korea), ACCIONA (Spain), JAPEX (Japan), Korea District Heating Corporation (South Korea), Aveng (South Africa) and AINS Group (Finland). Additionally, other players that are part of this comprehensive study are TATA Projects Limited (India) and Stormwater Maintenance Inc (United States).
Geographic Breakdown and Segment Analysis
The Global Underground Facilities Maintenance market presents a comprehensive analysis of the Underground Facilities Maintenance market by end-user/application (Airport, Urban Construction, Power Plant, Oil Field and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Underground Facilities Maintenance industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Underground Facilities Maintenance market
Analyst at AMA have segmented the market study of Global Underground Facilities Maintenance market by Type, Application and Region.
Influencing Trend:
Development of infrastructure in maintenance
Market Growth Drivers:
Increasing adoption of underground facility maintenance for various end uses such as drain management, storm water management, and traffic management system
Challenges:
Lack of availability of Skilled Labours
Restraints:
High cost associated with underground facilities maintenance
Opportunities:
Increasing spending on infrastructure development by major economies across the globe
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Target Audience
New Entrants/Investors, Underground Facilities Maintenance Providers, Government Regulatory, Research Organizations and End Use Industry