Market Research Report
Distribution Lines and Poles Market Size By Lines (Voltage, Application, Product ), By Poles (Voltage, Height, Material ), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2030
|Distribution Lines and Poles Market Size By Lines (Voltage, Application, Product ), By Poles (Voltage, Height, Material ), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2030|
Published: July 21, 2022
Global Market Insights Inc.
Content info: 790 Pages
Delivery time: 2-3 business days
The distribution lines and poles market is poised to witness substantial growth through 2030 owing to increasing demand for energy-efficient electrical reforms. Besides, rising adoption of smart grid infrastructure and revamping of existing grid networks are likely to propel the market growth in the forecast period.
Moreover, major players in the distribution lines and poles industry have been focusing on product innovation to improve their business standing, thereby providing impetus to market expansion. For instance, in July 2022, Ohio Edison, an energy utility under FirstEnergy Corporation, filed a plan, called the Ohio Grid Mod II, with the Public Utilities Commission of Ohio (PUCO), under which it intends to further its investments in smart grid technology. It aims to procure equipment that can help in reducing the duration and frequency of power outages for customers.
In another notable instance, in July 2022, Entergy New Orleans, another energy firm, filed for resilience and grid hardening with the New Orleans City Council. This filing includes options to consider hardening projects, grid resilience, and alternative technologies such as microgrids.
The distribution lines and poles market has been bifurcated in terms of poles, lines, and regions.
On the basis of poles, the market has been segmented into height, voltage, and material. The height segment has been further divided into < 10 Meters, 10 - 16 Meters, and > 16 Meters. Among these, > 16 meters distribution pole segment is set to register substantial growth in the upcoming times on account of increasing investment toward sub-transmission power infrastructure.
The voltage segment has been classified into > 33 kV, 11 kV - 33 kV, and ≤ 11 kV. Among these, the > 33 kV distribution poles industry is primed to gain significant momentum owing to improvement of new electrical distribution networks. Meanwhile, the ≤ 11 kV distribution poles market is expected to grow significantly owing to the refurbishment of existing electrical distribution network.
Furthermore, the distribution lines and poles market from material has been further categorized into concrete, wood, and steel. The concrete distribution poles market is estimated to witness a CAGR of around 7.0% by 2030.
Based on lines, the distribution lines and poles industry has been segmented into application, voltage, and product. The application segment has been divided into primary and secondary. The secondary distribution lines segment is anticipated to grow massively over the analysis timeframe owing to the rising urbanization and increasing electricity demand.
The product segment has been split into ABC and open wire. The open wire distribution line segment witnessed a revenue share of more than $6 billion in 2021.
On the regional front, the distribution lines and poles industry in Europe is slated to progress enormously in the review timespan. The rapid adoption of smart grid and refurbishment of prevailing distribution infrastructure is projected to accelerate market growth in the region. In addition, the Middle East distribution lines and poles market is foreseen to expand remarkably and register a valuation of about $2 billion by 2030.