Utility Poles Market Size, Share, Growth Report 2032

Utility Poles Market Size & Industry Analysis:

The current value of the global utility poles market stands at USD 46 billion in 2021, 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 2022 – 2030. This report will be a detailed account of all the growth factors, challenges, opportunities, and obstacles of the global utility poles market.

Utility Poles Market: Overview

A utility pole is a concrete or a shaft structure that carries and shields the power lines made of fiber optic cables and electrical cables. They bear the weight of these power-generating wires insulating them from external adverse conditions and surfaces according to the positioning of these cables. They are made of different varieties including concrete, sheet, wood, or composite materials. These poles contribute and strengthen the power lines by increasing their durability and ability to withstand heavy electrical pressures.

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These wires are also used for composite applications such as transmitting power from power-generating companies to end-users. The energy transmission and amplification of power are also taken care of by these utility poles which stand as a strong insulated structure to safeguard the power lines while also segregating them to allocated users promptly.

Major power lines in mainstream countries are shielded by these utility poles and they run across the world as an important electrical component catering to many telecommunications and electrical service sectors globally.

Key Insights

• As per the analysis shared by our research analyst, the global utility poles market is estimated to expand annually at a CAGR of around 3.8% over the forecast period (2022-2030)
• In terms of revenue, the global utility poles market was valued at nearly USD 46 billion in 2021 and is anticipated to hit USD 70.1 billion by 2030
• The market is projected to expand at a significant rate due to rise in energy usage, expansion of the global telecommunication sector, and approval of steel as a green material
• Based on type, distribution poles segment accounted for the largest market share in the year 2021
• On basis of end-user, the electricity transmission & distribution segment was the leading segment in 2021
• On the basis of region, the North American region is predicted to be a key revenue generator for the global market over the forecast period

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Covid-19 Impact:

The entire utility pole business sector was impacted during the pandemic period. The demand for electricity tapered down globally which led to a slump in the market during that period. The reduction in electricity demand and crippled innovations in telecommunication sectors because of lockdowns and curfews led to a poor supply of utility poles. There were also sudden closures of major telecommunication industries across the world during that period which hampered the growth of the global utility poles market excessively.

Global Utility Poles Market: Growth Drivers

Growth in energy consumption globally will lead to market growth

Growing global energy consumption, expansion of the global telecommunication industry, and approval of steel as a green material are some of the factors that drive the global utility poles market growth. Energy transmission and energy distribution of the utility poles also play a significant role in supporting utility infrastructure and fulfilling energy needs as per the demand. Increasing power generation capacity and replacement of aging networks work as additional growth drivers for the market.

The demand for utility poles in the telecommunication and electricity sector has the tendency to show some promising growth in the utility pole market. Apart from that, the need for electricity will also go up because of the increasing population in some countries. This factor will generate tremendous demand for utility poles in such countries thereby increasing the prospect of growth in the global utility pole market.

Global Utility Poles Markets: Restraints

The rapid increase in the underground connection of telecommunication wires pose limitations to the market:

The rise in trend for underground cables and wiring networks is restraining the growth of the global utility pole market. In addition, strict regulations against deforestation are anticipated to be the restraining factors of global market growth during the forecast period. 

Utility Poles Market: Opportunities

The introduction of new composite utility poles has given rise to a lot of investment opportunities for market growth

Technological advancements in composite materials such as utility poles have improved growth opportunities for the global utility pole market. These composite materials in the recently observed utility poles are trending across the globe. They are also composed of cost-effective materials which will directly impact the market positively in the coming years as well.

Utility Poles Market: Challenges

Rapid increase in the underground connection of the telecommunication wires pose a challenge to market: There has been a recent infrastructure modification in the connection of telecommunication wires. Most of these wires have been planted underground to avoid any climatic erosion and physical disturbances. This factor poses a challenge to the growth of the utility poles market as it would affect the demand for the product.

Spacious requirement for the erection of utility poles poses a major challenge for market: Utility poles are concrete structures that need spacious positioning requirements for them to run across the locality to carry power transmission sources. This installation comes with lots of cost and cumbersome effort with an additional requirement of ample spaces for the poles to be erected in the stipulated areas. This is another challenge for the global utility poles market.

Utility Poles Market: Segmentation

The global utility poles market in this research analysis is classified into type, pole size, end-users, and region. The type segment is divided into distribution poles and transmission poles. The pole sizes are categorized as below 40 ft, between 40ft & 70ft, and above 70ft. End users are slotted as electricity transmission & distribution, telecommunication, street lighting, heavy power lines, and others.

Recent Developments:

In October 2021, Kansai Electric Power Company built utility poles equipped with AI sensors. The move is likely to boost the expansion of the global utility poles market across the globe in the years ahead.

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Utility Poles Market: Regional Landscape:

The presence of a vast number of factories in North America will contribute to the growth of the global utility poles market. Moreover, highly populated countries such as India and China in the Asia Pacific region would aid the growth of the global market because of the high demand for electricity. This region has also undertaken major transmission and distribution (T&D) projects for upgrading the transmission network with ultra-high voltage technologies. In addition, there has been a rise in technological advancements and the presence of several new players in the region that are expected to augment the growth of the market in the coming years. 

Utility Poles Market: Competitive Landscape:

The key market players with respect to the global utility poles market are:

• Valmont Industries
• Skipper Ltd
• Nippon Concrete industries
• Hill & Smith Holdings
• Stella-Jones Inc
• Fuchs Europoles Gmbh
• Omega Factory
• Pelco Products
• RS Technologies INC.

Utility Poles Market Report Scope:

Global Utility Poles Market segmentation follows

By Type

• Distribution Poles
• Transmission Poles

By Pole-Size

• Below 40ft
• Between 40ft and 70ft
• Above 70ft

By End-use

• Electricity Transmission and distribution
• Telecommunication
• Street lighting
• Heavy Power Lines
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa