October 2025 APCA MARKET PENETRATION RESEARCH www.ContinuumCapital.net Summary Conclusions (13 of 16) Market Size by Spending Conclusions – Construction Put In Place spending will accelerate during 2027 and 2028 at the end of the forecast timeline. – Gas distribution will continue slow and stable growth with greater support from the Trump administration. – Transmission and pipeline activity will accelerate more aggressively, particularly at the end of the forecast timeline and are divers of the projected growth. 24
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