USD 43.37 billion
Utility Poles Market Size, Share, Growth Analysis, By Material(Wood, concrete, steel, composite), By Height(Below 40 feet, 40-70 feet, above 70 feet), By Application(Transmission lines, distribution lines, telecommunication lines), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15F2103 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
91
|Figures:
76
Utility Poles Market Insights
Global Utility Poles Market size was valued at USD 43.37 billion in 2022 and is poised to grow from USD 46.38 billion in 2023 to USD 79.40 billion by 2031, growing at a CAGR of 6.95% during the forecast period (2024-2031).
The utility poles market has experienced robust growth in recent years, driven by the escalating demand for uninterrupted power supply and the rapid expansion of telecommunication networks worldwide. Our report contains detailed information on the value chain analysis for the utility poles market, which manufacturers can use to gain a competitive edge during the projected period. Utility poles serve as a critical infrastructure component, facilitating the efficient transmission of electricity and data over long distances.
The increasing global demand for electricity, fueled by population growth and urbanization, has been a key factor driving market growth. Additionally, the proliferation of mobile devices and the growing adoption of high-speed internet services have significantly contributed to the demand for utility poles, as they provide a convenient means of deploying telecommunication lines. Government initiatives aimed at enhancing rural electrification, along with infrastructure development projects, have further fueled the demand for utility poles.
However, the market faces challenges related to environmental concerns, leading to the adoption of alternative materials, and the increasing preference for underground cables in urban areas. Despite these challenges, the utility poles market is expected to continue its upward trajectory, supported by advancements in pole design, materials, and maintenance technologies, as well as the growing need for reliable power and communication infrastructure in a rapidly evolving world.
Increasing adoption of composite poles. Composite poles, made from materials such as fiberglass and reinforced plastics, offer several advantages over traditional materials like wood, concrete, and steel. Composite poles are lightweight, durable, and resistant to corrosion, making them an attractive choice for utility pole installations. The demand for composite poles is rising due to their superior strength-to-weight ratio, which enables them to withstand extreme weather conditions such as high winds, storms, and seismic activities. These poles also exhibit excellent electrical insulation properties, reducing the risk of power outages caused by pole failures.
US Utility Poles Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Wood
Fastest Growth
Wood
Growth Rate
6.95% CAGR
Global Utility Poles Market ($ Bn)
Country Share for Asia Pcaific Region (%)
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Utility Poles Market Segmental Analysis
The global utility poles market can be segmented based on material, height, application, and region. Based on material the market can be divided into wood, concrete, steel, composite. Based on height, the market can be categorized into below 40 feet, 40-70 feet, above 70 feet. Based on application, the market can be categorized into transmission lines, distribution lines, telecommunication lines. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Material
The largest market segment in the utility poles market is the wood segment. Wood has been traditionally used for utility poles due to its availability, ease of installation, and cost-effectiveness. Wood poles are widely used in various regions for supporting overhead power and telecommunication lines. While wood poles remain the largest market segment due to their established usage and cost-effectiveness, the composite segment is experiencing significant growth as utility companies and telecommunication providers recognize the benefits of composite poles in terms of longevity, durability, and reduced maintenance costs.
On the other hand, the fastest-growing segment by material is the composite segment. Composite poles, made from materials such as fiberglass and reinforced plastics, are gaining popularity in the utility poles market. Composite poles offer several advantages over traditional materials like wood, concrete, and steel. They are lightweight, durable, and resistant to corrosion, making them suitable for various environmental conditions. Composite poles also have a longer lifespan and require less maintenance compared to wood poles. The superior strength-to-weight ratio, excellent electrical insulation properties, and environmentally friendly characteristics of composite poles make them an attractive choice for utility pole installations.
Analysis By Application
The largest market segment in the utility poles market is the distribution lines segment. Distribution lines refer to the networks that distribute electricity from substations to homes, businesses, and other end-users. These lines are responsible for delivering power at lower voltages for local consumption. Distribution lines require a significant number of utility poles to support the transmission of electricity across a wide area.
On the other hand, the fastest-growing segment in terms of application is the telecommunication lines segment. The rapid expansion of telecommunication networks, driven by the increasing demand for high-speed internet services and the proliferation of mobile devices, has fueled the growth of this segment. Telecommunication lines involve the deployment of utility poles to support the transmission of voice, data, and video signals. As the global demand for seamless connectivity and faster communication increases, the deployment of utility poles for telecommunication lines is experiencing substantial growth.
Global Utility Poles Market By Material
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Utility Poles Market Regional Insights
The largest market region in the utility poles market is Asia Pacific. The region's dominance can be attributed to various factors such as rapid industrialization, urbanization, and infrastructural development in countries like China and India. These countries have experienced a substantial increase in electricity consumption, leading to a greater demand for utility poles to support power distribution networks. Moreover, the expanding telecommunication sector in the region, driven by a growing population and increasing internet penetration, has further fueled the demand for utility poles for telecommunication lines. Additionally, government initiatives aimed at improving access to electricity in rural areas have contributed to the market growth in the region.
On the other hand, the fastest-growing region in the utility poles market is projected to be the Middle East and Africa (MEA). The MEA region is experiencing significant growth due to factors such as population growth, urbanization, and increasing investments in infrastructure development projects. Countries like Saudi Arabia, the United Arab Emirates (UAE), and South Africa are witnessing substantial construction activities, including the development of smart cities, highways, and railways. These infrastructure projects require the installation of utility poles for power and communication infrastructure, driving the demand in the region.
Global Utility Poles Market By Region
- Largest
- Fastest
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Utility Poles Market Dynamics
Drivers
Increasing Demand for Renewable Energy Sources
- With the growing awareness of environmental issues and the need to reduce greenhouse gas emissions, there is a global shift towards renewable energy generation, such as wind and solar power. Utility poles play a crucial role in supporting the transmission and distribution infrastructure for renewable energy projects. These projects often require the installation of utility poles to connect renewable energy generation sites, such as wind farms or solar parks, to the power grid. The transition towards renewable energy sources is expected to drive the demand for utility poles, creating opportunities for market growth.
Restraints
Environmental Concerns and Shift towards Underground Cables
- The use of wood poles, in particular, has raised environmental concerns due to deforestation and the impact on ecosystems. This has led to a shift towards alternative materials like composite, concrete, or steel poles, which are more environmentally friendly. Additionally, in urban areas, there is a growing preference for underground cables as they minimize visual impact and potential hazards. The increasing adoption of underground cables poses a challenge to the utility poles market as it reduces the demand for traditional overhead pole installations.
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Utility Poles Market Competitive Landscape
The competitive landscape is further shaped by the presence of both regional and multinational companies, each with their unique strengths and market reach. These market players compete based on factors such as product quality, durability, innovation, pricing, and customer service. Companies with established distribution networks and strong partnerships with utilities and telecommunication providers have a competitive advantage. Moreover, companies that invest in research and development to introduce technologically advanced utility poles are likely to stay ahead in the market.
Top Player’s Company Profiles
- Koppers Inc. (US)
- Stella-Jones Inc. (Canada)
- Nippon Concrete Industries Co. Ltd. (Japan)
- L. B. Foster Company (US)
- BBM Enterprise Co. Ltd. (China)
- R&B Group (United Kingdom)
- Euclid Chemical Company (US)
- Eiffage Énergie Systèmes (France)
- Jilin Forest Industry Group Co. Ltd. (China)
- China State Construction Engineering Corporation Ltd. (China)
- Triton Barn Systems LLC (US)
- Lampe Dechant & Co. (Germany)
- Japan Metal Buildings Systems Co. Ltd. (Japan)
- Lentine Marine (US)
- Pelco Products Inc. (US)
- Beijing Huadian Tianren Electrical Engineering Co. Ltd. (China)
- Fujian Jianshi Electric Power Line Materials Co. Ltd. (China)
Recent Developments
- In June 2023, Kenya Power, Safaricom partnered to launch Smart Poles in Nairobi. As part of its revenue diversification strategy, the company has commenced the installation of special utility poles, known as Smart Poles, which will facilitate high-speed internet access.
- In September 2022, Sparta announced contracting of power pole replacements and wire work to update aging infrastructure in the U.K. The contract will replace the wooden poles with metal poles.
Utility Poles Key Market Trends
- Shift towards Sustainable and Recyclable Materials: There is a growing trend towards using sustainable and recyclable materials in utility pole construction. Environmental concerns and the need to reduce carbon footprint have led to a shift away from traditional materials like wood towards alternative materials such as composite, concrete, and steel. These materials offer durability, longevity, and reduced maintenance requirements, making them more environmentally friendly options. Additionally, advancements in manufacturing processes have made it possible to produce utility poles using recycled materials.
Utility Poles Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the utility poles market is poised for significant growth in the coming years, driven by the increasing demand for reliable power distribution and communication infrastructure. The future scope of the market looks promising as countries focus on upgrading their energy and communication networks to meet the evolving needs of a digitalized world. The most driving factor propelling the market is the rising global demand for electricity, fueled by population growth, urbanization, and industrialization. This demand necessitates the installation of utility poles for efficient power transmission and distribution. The distribution lines segment is the largest market segment, catering to the needs of power distribution networks. However, the telecommunication lines segment is the fastest-growing segment, driven by the rapid expansion of telecommunication networks and the growing adoption of high-speed internet services. Asia Pacific dominates the utility poles market, primarily led by countries such as China and India, which are experiencing rapid industrialization, urbanization, and infrastructure development. These countries have a significant demand for utility poles to support their power and communication infrastructure needs. As the utility poles market continues to grow, the adoption of smart poles and the shift towards sustainable and recyclable materials are emerging trends. The market's future looks promising with advancements in technology, increased focus on sustainability, and the ongoing need for reliable power and communication networks.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 43.37 billion |
| Market size value in 2031 | USD 79.40 billion |
| Growth Rate | 6.95% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Utility Poles Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Utility Poles Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Utility Poles Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Utility Poles Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Utility Poles Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Utility Poles Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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