Utility Poles Market Outlook, Opportunity and Demand Analysis Report by 2026

According to the report, the global utility poles industry was pegged at $45.6 billion in 2018 and is projected to reach $58.8 billion by 2026, registering a CAGR of 3.2% from 2019 to 2026. The report provides an extensive analysis of the market dynamics including drivers & restraints, major winning strategies, market size & projections, competitive landscape, and major segments.

Increase in the global energy consumption, surge in adoption in the telecommunication industry, and endorsement of steel’s material profile as a green material have propelled the growth of the global utility poles market. The major growth drivers for this market are increasing power generation capacity, growing transmission and distribution infrastructure, and replacement of aging networks. Emerging trends which have a direct impact on the dynamics of the market include wider use of transmission monopoles and increased usage of composite poles in transmission and distribution.

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The global utility poles market is highly established in nature and it is expected to register a single-digit growth of 3.2% during the forecast period. Countries with higher population density and increasing electricity access rates have been generating higher demand for utility poles. On the other hand, established country-level markets such as the U.S., China, UK, India, and others have already established an electricity distribution network, where revenue is coming from pole replacement activities.

Based on product, the market is bifurcated into transmission pole and distribution pole. The distribution pole segment held the largest share in 2018, contributing to more than three-fifths of the global utility poles market. However, the transmission pole segment is expected to register the fastest CAGR of 3.6% from 2019 to 2026. 

Based on material, the market is segmented into concrete pole, steel pole, wooden pole, and composite pole. The concrete pole segment is expected to manifest the fastest CAGR of 3.7% from 2019 to 2026. However, the wooden pole segment dominated the global utility poles market in 2018, accounting for nearly half of the market.

Based on region, the market is analyzed across Asia-Pacific, North America, LAMEA, and Europe. The global utility poles market across Asia-Pacific held the largest share in 2018, contributing to nearly two-fifths of the market. Moreover, the region is expected to register the fastest CAGR of 3.6% through 2026.

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Key market players analyzed in the research include Valmont Industries Inc., El Sewedy Electric Company, Skipper Ltd., Nippon Concrete Industries Co. Ltd., RS Technologies Inc., Stella-Jones, Hill & Smith Holdings PLC, Pelco products Inc., Omega Factory.

Key Findings of the Study:

  • By type, distribution pole emerged as the global leader in 2018 and a similar segment likely to continue its dominance on the global utility poles market. Electric distribution activities required a repeated number of poles as per the electricity demand which drives the growth of this segment.  
  • By material, wood is the largest revenue-generating segment in 2018. Wood is the pioneer material in the pole making industry due to which it is still used significantly across the globe. However,    
  • By application, energy transmission and distribution is the major segment accounted for around 70% market share in 2018. Utility poles are mainly required in the energy transmission and distribution activities that make this segment the largest one among others.
  • Composite utility poles offer the longest lifespan due to which it is expected to register highest CAGR during the forecast period

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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