Global Utility Poles Market is Expected to be Worth USD 70.1 Billion by 2030, Making Up a CAGR of 3.8%
[235 + Pages Research Study] According to a market research study published by Zion Market Research, the demand analysis of Global Utility Poles Market size & share revenue was valued at around USD 46…
[235 + Pages Research Study] According to a market research study published by Zion Market Research, the demand analysis of Global Utility Poles Market size & share revenue was valued at around USD 46 billion in 2021 and is estimated to grow about USD 70.1 billion by 2030, at a CAGR of approximately 3.8% between 2022 and 2030. The key market players are listed in the report with their sales, revenues and strategies are Valmont Industries, Skipper Ltd, Nippon Concrete industries, Hill & Smith Holdings, Stella-Jones Inc, Fuchs Europoles Gmbh, Omega Factory, Pelco Products, and RS Technologies INC., and others.
Portland, OR, Dec. 19, 2022 (GLOBE NEWSWIRE) -- According to Zion Market Research has published a new research report titled 'Utility Poles Market By Type (Distribution Poles And Transmission Poles), By Pole Size (Below 40ft, Between 40 & 70ft, And Above 70ft), By End-User (Electricity Transmission & Distribution, Telecommunication, Street Lighting, Heavy Power Lines, And Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030' in its research database.
'According to the latest research study, the demand of global Utility Poles Market size & share in terms of revenue was valued at USD 46 billion in 2021 and it is expected to surpass around USD 70.1 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 3.8% during the forecast period 2022 to 2030.'
What are Utility Poles? How big is the Utility Poles Industry?
Utility Poles Report Coverage & Overview:
Utility pole is a kind of column or post made up of wood for supporting overhead power lines as well as other public utilities including fiber optic cables, electric cables, transformers, and street lights. In addition to this, utility poles are also referred by hydro poles, telephone poles, transmission poles, and telecommunication poles. Reportedly, utility poles are utilized for carrying two kinds of electric power lines, namely, sub-transmission lines and distribution lines.
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Global Utility Poles Market
The rapid growth of the global utility poles market over the forecast period is due to an increase in power use, the expansion of the telecommunication sector and a large demand for steel as an environmentally-friendly product. Utility poles are also in high demand due to the growing energy demands of the population. Global utility pole market trends will be boosted by the widespread use of utility poles for street lighting, power distribution and sub-transmission.
However, large-scale use of underground cables and wiring is likely to inhibit the growth of the global industry. Furthermore, the strict execution of laws pertaining to deforestation is projected to prove a big challenge for the global market in the ensuing years. Nonetheless, the evolution of composite utility poles demonstrating excellent features along with their cost-efficiency will offer new growth opportunities for the global market.
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Segmentation Analysis of Utility Poles Market
The global utility poles market is divided into type, pole size, end-user, and region.
The global utility poles market is divided into two types: distribution poles and transmission poles. Due to growing demand for power supply and increasing population, the distribution poles segment will dominate the growth of global market in the coming years.
Based on pole size, the global utility poles market is divided into below 40ft, between 40 & 70ft, and above 70ft. Furthermore, the between 40 & 70ft segment accounted for the highest revenue share of the global market in 2021. The growth of the segment is attributed to the large-scale use of these poles in power distribution and power transmission applications. Furthermore, massive penetration of these poles in the telecom industry will proliferate segmental growth in the years to come. In addition, a rise in broadband users is predicted to enhance the popularity of poles of size between 40 ft and 70 ft.
In terms of end-user, the electricity transmission & distribution segment contributed majorly towards the global market share in 2021. The growth of the segment over the forecasting period can be credited to a rise in the power requirements leading to demand for power-generating activities across the globe.
The global Utility Poles market is segmented as follows:
Between 40ft and 70ft
Electricity Transmission and distribution
Heavy Power Lines
Browse the full 'Utility Poles Market By Type (Distribution Poles And Transmission Poles), By Pole Size (Below 40ft, Between 40 & 70ft, And Above 70ft), By End-User (Electricity Transmission & Distribution, Telecommunication, Street Lighting, Heavy Power Lines, And Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030' Report at URL
Some of the main competitors dominating the global Utility Poles market include -
Nippon Concrete industries
Hill & Smith Holdings
Fuchs Europoles Gmbh
RS Technologies INC
Key Insights from Primary Research:
According to the analysis shared by our research forecaster, the Utility Poles market is likely to expand at a CAGR of around 3.8% during the forecast period (2022-2030).
In terms of revenue, the Utility Poles market size was valued at around US$ 46 billion in 2021 and is projected to reach US$ 70.1 billion by 2030.
The market is projected to expand at a significant rate due to rise in energy usage, expansion of the global telecommunication sector, and approval of steel as a green material
Based on type, distribution poles segment accounted for the largest market share in the year 2021
On basis of end-user, the electricity transmission & distribution segment was the leading segment in 2021
On the basis of region, the North American region is predicted to be a key revenue generator for the global market over the forecast period
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Key questions answered in this report:
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Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis By Type, By Pole-Size, By End-use and By Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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The North American region is predicted to dominate the global utility poles market share over the next eight years. The growth of the utility poles market in North America can be attributed to rise in usage of electricity in the countries such as the U.S. and Canada leading to rise in the installation of utility poles in the region. Moreover, the growing demand for power supply by various industries and consumers for commercial and residential activities will prompt regional market growth. However, the Asia-Pacific region is predicted to record the fastest growth over the forecast timeline.
The regional market growth can be attributed to the growing demand for utility poles from the telecom sector and the massive demand for electricity due to the rapidly growing population in countries such as India, China, Japan, Thailand, and Indonesia.
Rest of North America
Rest of Europe
Rest of Asia Pacific
The Middle East & Africa
Rest of the Middle East & Africa
Rest of Latin America
In July 2022, Kansai Electric Power Company in Japan decided to demonstrate smart poles which are its multifunctional utility poles during Expo 2025. Reportedly, these products are undergoing testing and are embedded with next-gen drone functions and it includes lost child search tools. The move will contribute majorly towards the growth of the utility poles market across both Asia and globally.
Market Size in 2021
USD 70.1 billion
Projected Market Size in 2030
USD 70.1 billion
CAGR Growth Rate
Key Market Players
Valmont Industries, Skipper Ltd, Nippon Concrete industries, Hill & Smith Holdings, Stella-Jones Inc, Fuchs Europoles Gmbh, Omega Factory, Pelco Products, and RS Technologies INC.
By Type, by Pole-Size and By End-use
Major Regions Included
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
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FREQUENTLY ASKED QUESTIONS
Which Key factors will influence Utility Poles market growth over 2022-2030?
What will be the value of the utility poles market during 2022 – 2030?
Which region will contribute notably towards the utility poles market value?
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