Dec 8, 2022   SOURCE: BusinessWire

Global Utility Pole Market Report 2022-2027: Wider Use of Transmission Monopoles and Increased Usage of Composite Poles Fuels Growth - ResearchAndMarkets.com

The "Global Utility Pole Market to 2027: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The future of the global utility pole market looks promising with opportunities in the electric transmission and distribution sector. The global utility pole market is expected to reach an estimated $47.9 billion by 2027 with a CAGR of 4% from 2022 to 2027. The major growth drivers for this market are increasing power generation capacity, growing transmission and distribution infrastructure, and replacement of aging networks.

Emerging Trends in the Utility Pole Market

Emerging trends, which have a direct impact on the dynamics of the industry, include wider use of transmission monopoles and increased usage of composite poles in transmission and distribution.

Utility Pole Market by Segments

Utility Pole Market by Application [Value ($ Million) and Volume (Thousand Units) from 2016 to 2027]:

  • Transmission
  • Distribution

Utility Pole Market by Material [Value ($ Million) and Volume (Thousand Units) from 2016 to 2027]:

  • Steel
  • Concrete
  • Wood
  • Composite

Utility Pole Market by Size [Value ($ Million) and Volume (Thousand Units) from 2016 to 2027]:

  • Below 40 ft.
  • 40-70 ft.
  • Above 70 ft.

Utility Pole Market by Type [Value ($ Million) and Volume (Thousand Units) from 2016 to 2027]:

  • New
  • Replacement

Utility Pole Market by Region [Value ($ Million) and Volume (Thousand Units) from 2016 to 2027]:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Spain
  • Italy
  • APAC
  • China
  • India
  • ROW
  • Brazil

Key Players

  • Valmont Industries
  • KEC International
  • Qingdao
  • Skipper
  • Stella Jones
  • Europoles
  • Elsewedy Electric
  • Nippon Concrete Industries Co Ltd.

Utility Pole Market Insights

  • The analyst forecasts that steel will remain the largest material segment over the forecast period due to its high durability and low maintenance. The analyst predicts that composite poles are expected to witness the highest growth during the forecast period because they offer rot and corrosion resistance, minimal maintenance, easy installation, and superior strength-to-weight ratio.
  • Within the global utility pole market, distribution will remain the largest application over the forecast period due to increasing electrification of remote areas in developing economies.
  • Asia Pacific will remain the largest market and it is also expected to witness the highest growth over the forecast period due to increasing investments in the power sector and improvement in the transmission and distribution networks in developing nations, particularly as China and India.

Features of Global Utility Pole Market

  • Market Size Estimates: Global utility pole market size estimation in terms of value ($M) shipment.
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Global utility pole market size by various segments, such as home type, construction type, end use, and regions in terms of value.
  • Regional Analysis: Global utility pole market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different product, material, capacity, end use, and regions for Global utility pole market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global utility pole industry.
  • Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQS

Q1. What is the utility pole market size?

Answer: The global utility pole market is expected to reach an estimated $47.9 billion by 2027.

Q2. What is the growth forecast for utility pole market?

Answer: The utility pole market is expected to grow at a CAGR of 4% from 2022 to 2027.

Q3. What are the major drivers influencing the growth of the utility pole market?

Answer: The major drivers for this market are increasing power generation capacity, growing transmission and distribution infrastructure, and replacement of aging networks.

Q4. What are the major applications or end use industries for utility pole?

Answer: Transmission and Distribution are the major end use for utility pole

Q5. What are the emerging trends in utility pole market?

Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include wider use of transmission monopoles and increased usage of composite poles in transmission and distribution.

Q7. Which utility pole product segment will be the largest in future?

Answer: The analyst forecasts that steel pole will remain the largest material segment over the forecast period due to its high durability and low maintenance.

Q8: In utility pole market, which region is expected to be the largest in next 5 years?

Answer: Asia Pacific will remain the largest market and it is also expected to witness the highest growth over THE next 5 years.

Key Topics Covered:

1.Executive Summary

2. Market Background and Classifications

3. Market Trends and Forecast Analysis from 2016 to 2027

4. Market Trends and Forecast Analysis by Region from 2016 to 2027

5. Competitor Analysis

6. Cost Structure Analysis

7. Growth Opportunities and Strategic Analysis

8. Company Profiles of Leading Players

For more information about this report visit https://www.researchandmarkets.com/r/esogap