Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 46 Billion | USD 70.1 Billion | 3.8% | 2022 |
FrequentlyAsked Questions
The increasing energy consumption across the world is seen as a major growth driver of the global utility poles market. This energy consumption will directly link to increased leverage of utility Poles thereby ramping up its market growth
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. The CAGR rate is estimated to grow at a 3.8% increase for the forecast period of 2022 – 2030.
North America stands as a very competitive region for the utility poles market growth due to the rapid emergence of vast factories with multiple applications to the utility poles.
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, and RS Technologies INC.
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