Utility pole market will increase from USD 46 billion in 2021 to USD 70.1 billion in 2030, growing at a 3.8% CAGR between 2022 and 2030. The growth drivers, inhibitors, opportunities, and problems of the global utility poles market will all be in-depth covered in this study.
Utility Poles Market: Overview
A utility pole is a steel or concrete shaft that supports and protects power lines for fibre optic and electrical cable. Depending on where they are installed, they support the weight of these power-generating wires while also protecting them from abrasive surfaces and conditions. Concrete, sheet metal, wood, and composites are just some of the materials that can be used to make them. These poles assist in the reinforcement of electrical cables.
In composite applications, such as the distribution of electricity from power plants to final consumers, these cables are also utilised. In addition to securing electrical lines and rapidly distancing them from designated users, these utility poles also serve as a sturdy, insulated framework. Also read Ahmedabad international school.
Utility poles are a crucial part of many telecommunications and electrical service industries globally and protect important power lines in developed nations.
Growth Factors in the Global Utility Poles Market
The global market for utility poles is expanding as a result of several causes, including the development of the telecommunications industry and the acceptance of steel as a green material. Utility poles are crucial to the transmission and distribution of energy in addition to supporting utility infrastructure and meeting energy demand. The replacement of outdated networks and expanded electricity generation capacity are further industry development catalysts.
The need for utility poles from the power and telecommunications sectors could advance the utility pole market. In some nations, population growth will also increase the need for power. As a result, there will be a greater need for utility poles in these locations.
Utility Poles Market: Segmentation
The utility poles market is segmented into four groups in this study: type, pole size, end-users, and geography. Poles for transmission and distribution are separated by the type segment. Under 40 feet, 40 feet to 70 feet, and 70 feet and more are the three categories for pole sizes. Included are telecommunications, public illumination, large power lines, electricity transmission and distribution, and other end users. Also read best cbse schools in Ahmedabad.
Utility Poles Market: Competitive Landscape:
The key market players with respect to the global utility poles market are:
Nippon Concrete industries
Hill Smith Holdings
Fuchs Europoles Gmbh
RS Technologies INC.
Global Utility Poles Market segmentation follows
Between 40ft and 70ft
Electricity Transmission and distribution
Heavy Power Lines
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East Africa
Rest of Middle East Africa
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