Utility Poles - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Utility Poles market is accounted for $39.20 billion in 2018 and is expected to reach $61.86 billion by 2027 growing at a CAGR of 5.2% during the forecast period. Some of the key factors propelling the market growth are the growing global energy consumption, and expansion of the global telecommunication industry. However, rise in trend for underground cables and wiring network is the restraining factor for the growth of the market.
Utility poles are also called power poles or electricity poles, which support wires and electric cables that carry electricity from power companies to end users. These support three facilities including electric power, cable television, and telephone. Material used in the production of utility pole is wood, concrete, composite, and steel, and depending on the use of the material, life span of typical utility pole varies.
By pole size, the between 40 & 70ft segment is expected to grow at a significant market share during the forecast period due to its usage in both energy transmissions well as energy distribution applications. Apart from this, the telecom industry is also a significant consumer of this category poles wherein increasing in broadband users is mainly surging demand for poles with 40 ft to 70 ft size.
On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the presence of highly populous countries such as India and China, which are generating greater demand for electricity and increasing electricity access rate across the region. Expanding electricity transmission infrastructure in response to growth in electricity is also a key factor generating healthy demand for utility in this region..
Some of the key players in Utility Poles Market include Creative Pultrusions, Inc, Elsewedy Electric, Europoles Gmbh & Co. KG, KEC International, Nippon Concrete Industries Co. Ltd, Qingdao Wuxiao Group Co. Ltd, RS Technologies Inc, Skipper Limited, Stella-Jones Corporations, and Valmont Industries.
• Concrete Poles
• Distribution Poles
• New Poles
• Replacement Poles
• Steel Poles
• Transmission Poles
• Wood Poles
Pole Sizes Covered:
• Above 70ft
• Below 40ft
• Between 40 & 70ft
• Electricity Transmission & Distribution
• Heavy Power Lines
• Street Lighting
• Subtransmission Lines
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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