The Global Utility Poles Market Stands At USD 46 Billion In 2022, And It Is Expected To Shoot Up To USD 70.1 Billion By 2030 at a CAGR Rate Of 3.8% For The Forecast Period Of 2023 – 2030. Global Utility Poles Market Reports give a Key study on the industry status of the Utility Poles Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
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The unprecedented and shocking COVID-19 pandemic has hit utility poles, where demand is lower than expected compared to what it was before the pandemic. Compared to 2019, our research shows that the global market for utility poles fell by 7.7% in 2020.
Utility poles are column-like structures that hold up public utility and service infrastructures such as power lines, wires, and cables. These poles support hydro poles, transmission lines, distribution cables, and telephone wires. They can be used in many different ways. The size of these poles and the materials used to make them depend on what is needed and what materials are available. Depending on the terrain, utility poles can be anywhere from 38 to 91 metres apart and are about 12 metres high.
Competitive Landscape and Global Market Share Analysis:
El Sewedy Electric Company (Egypt), Valmont Industries Inc. (U.S.), Skipper Ltd. (India), Nippon Concrete Industries Co., Ltd. (Japan), Hill & Smith Holdings Plc (U.K.), Stella-Jones Inc. (Canada), Fuchs Europoles GmbH (Germany), RS Technologies Inc. (Canada), Omega Factory (Saudi Arabia), KEC International (India), Pelco Products, Inc. (U.S.), Stella-Jones (Canada), Others
Market Segmentation:
By Pole Size:
- Below 40ft
- Between 40ft-70ft
- Above 70ft
- Others
By Material:
- Steel
- Concrete
- Composite
- Wood
- Others
By Application:
- Transmission Line
- Distribution Line
- Telecommunication Line
- Others
The report on the Utility Poles market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
Due to the fact that more and more of these poles are being put up in both cities and rural areas, the Asia-Pacific region is expected to grow the fastest over the next 10 years. Every day, there are more and more people who need electricity. The number of these poles is going up because the governments of several developing countries, like India, Vietnam, China, Indonesia, Malaysia, and others, are putting in a lot of work to keep the power on in rural and disaster-prone areas.
China’s economy is growing at the second-fastest rate in the world. Demand for power is also one of the highest in the world, and it grows by an average of 2.5–3% each year. The installed capacity to make electricity is 1,505 GW, but the peak load is more than 650 GW. Because of this, there is a greater need for utility poles and transmission lines.
The market is well-known in North America. But there are a number of places where the area is being fixed up and made better. The U.S. government wants to get rid of wooden poles and replace them with steel or composite poles. The Department of Energy (DoE) thinks that there are between 175 million and 180 million utility poles in the US.
Europe is expected to grow a lot over the next few years. Due to the growing need for reliable energy distribution and transmission throughout the area, the area needs the right infrastructure, such as utility poles. Installing renewable energy and switching from a traditional source of electricity to a renewable source of electricity both add to the demand.
The Middle East and Africa region is likely to grow in the coming years. Infrastructure is being built in the area’s rural areas right now. The installation in the area is also helped by how quickly the work to get energy to these places is going.
Due to increased investments in infrastructure development, it is predicted that the Latin American region would likewise experience significant growth in the years to come. The government is trying to get reliable networks and electricity for its people. Improvements and replacements are also being done all over the country. Because of this, the Latin American market is growing faster.
Following are the major TOC of the Utility Poles Market:
Chapter 1: Utility Poles Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Utility Poles Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Utility Poles Market Forecast
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Key Reasons to Purchase Utility Poles Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global Utility Poles Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the Utility Poles Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the Utility Poles
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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