PUBLISHER: Grand View Research | PRODUCT CODE: 1268857
PUBLISHER: Grand View Research | PRODUCT CODE: 1268857
GCC Steel Utility Poles Market Size, Share & Trends Analysis Report By Application (Electricity Transmission & Distribution, Lighting, Telecommunications), By Pole Size (Less Than 6 Meter, 6 to 15 Meter), By Country, & Segment Forecasts, 2023 - 2030
GCC Steel Utility Poles Market Growth & Trends:
The GCC steel utility poles market size was valued at USD 364.6 million in 2022 and is expected to grow at a CAGR of 6.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing electrical energy consumption owing to the rising population, economic development, and urbanization in GCC countries is contributing to the growth. In addition, an increase in infrastructure investments attributing to smart city project initiatives is fueling the demand for lighting and energy transmission and distribution poles, creating a positive outlook for the market.
In December 2022, the Electricity Interconnection Authority for Gulf Cooperation Council (GCC) commenced the execution of the Gulf electricity interconnection expansion project as a part of its Gulf link project. The project is aimed at enhancing the exchange and transfer of electrical energy among the GCC countries. Also, the project is intended to strengthen Kuwait's electricity network to avoid power interruptions in the country and ensure the sustainability of electrical energy. Such projects create demand for steel utility poles in the GCC region.
Countries including Qatar, the UAE, and Saudi Arabia are seeing rapid growth in installing street lighting and decorative lighting across public spaces such as malls and parks. For instance, in February 2021, the Sharjah Electricity, Water, and Gas Authority (SEWA) installed 472 lighting poles across the locations in Sharjah, including Suhaila Road, Al-Washa, Fali, and Mleiha.
The ongoing move toward green energy is observed in GCC countries due to an increasing need to augment the electricity generation capacity in the region. For instance, Qatar's government set a target to generate 20% of its power demand from renewable energy sources by 2030; while the UAE aims to generate 50% of its electricity from carbon-free sources by 2050.
In November 2022, the UAE signed an agreement with the U.S. to develop 100 GW of clean energy by 2035, mobilizing an investment of $100 billion. Increasing electricity generation capacity due to such integration of renewable energy is further anticipated to create lucrative growth opportunities for the market.
GCC Steel Utility Poles Market Report Highlights:
- Lighting poles is likely to emerge as the fastest-growing segment and exhibit a CAGR of nearly 7.8% from 2023 to 2030 owing to the increasing redevelopment of existing roads, public areas, and tunnels, among others, and the introduction of smart lighting for enhanced convenience
- The demand for steel utility poles less than 6 M in height is expected to increase, growing at a CAGR of around 7% from 2023 to 2030 owing to the rising applications across the residential and urban areas, where smaller poles are needed to support streetlights, traffic signals, and signage
- Saudi Arabia dominated the market in 2022 and is expected to maintain its dominance throughout the forecast period owing to higher electricity consumption, smart city project initiatives, growing population, and burgeoning economy of the country
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information Analysis
- 1.3.2 Market Formulation & Data Visualization
- 1.3.3 Data Validation & Publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List To Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 GCC Steel Utility Poles Market Variables and Trends
- 3.1 Market Lineage Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Raw Material And Production Outlook
- 3.2.2 Manufacturing & Technology Trends
- 3.3 Market Dynamics
- 3.3.1 Market Driver Impact Analysis
- 3.3.1.1 Increasing Urbanization And Smart City Projects
- 3.3.1.2 Manufacturing Process With Lower Levels Of Greenhouse Gas Emissions
- 3.3.1.3 Lower Generation Of Untreated Waste
- 3.3.2 Market Restraint Impact Analysis
- 3.3.2.1 Corrosive Effects Of Chemicals And Pollution On Steel
- 3.3.1 Market Driver Impact Analysis
- 3.4 Impact of the COVID-19 Pandemic
- 3.5 Pricing Analysis, 2017 - 2022
- 3.6 Budget Allocation by GCC Countries
- 3.7 List of Manufacturers and Suppliers of Steel Lighting Poles
- 3.8 Major Projects & Deals across the GCC Steel Utility Poles Market
- 3.9 Industry Analysis Tools
- 3.9.1 Porter's Analysis
- 3.9.2 Macroeconomic Analysis
Chapter 4 GCC Steel Utility Poles Market: Applications Estimates & Trend Analysis
- 4.1 Application Movement Analysis & Market Share, 2022 & 2030
- 4.2 GCC Steel Utility Poles Market Estimates & Forecast, By Application (USD Million, Million Units)
- 4.2.1 Electricity Transmission & Distribution
- 4.2.2 Lighting
- 4.2.3 Telecommunications
- 4.2.4 Others
Chapter 5 GCC Steel Utility Poles Market: Pole Size Estimates & Trend Analysis
- 5.1 Pole Size Movement Analysis & Market Share, 2022 & 2030
- 5.2 GCC Steel Utility Poles Market Estimates & Forecast, By Size (USD Million, Million Units)
- 5.2.1 Less Than 6 Meter
- 5.2.2 6 To 15 Meter
- 5.2.3 Above 15 Meter
Chapter 6 GCC Steel Utility Poles Market: Regional Estimates & Trend Analysis
- 6.1 GCC Steel Utility Poles Market: Regional Outlook
- 6.2 GCC
- 6.2.1 GCC Steel Utility Poles Market Estimates & Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.2.2 Saudi Arabia
- 6.2.2.1 Saudi Arabia Steel Utility Poles Market Estimates & Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.2.3 Qatar
- 6.2.3.1 Qatar Steel Utility Poles Market Estimates & Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.2.4 The Uae (United Arab Emirates)
- 6.2.4.1 The Uae Steel Utility Poles Market Estimates & Forecasts, 2018 - 2030 (USD Million, Million Units)
- 6.2.5 Rest Of GCC
- 6.2.5.1 Rest Of GCC Steel Utility Poles Market Estimates & Forecasts, 2018 - 2030 (USD Million, Million Units)
Chapter 7 GCC Steel Utility Poles Market - Competitive Landscape
- 7.1 Key Market Participants
- 7.1.1 Al- Babtain Power & Telecommunication Co.
- 7.1.2 Energya
- 7.1.3 Europoles Middle East Llc
- 7.1.4 Galvacoat.Ae
- 7.1.5 Galvanco
- 7.1.6 Hapco
- 7.1.7 Has Engineering L.L.C
- 7.1.8 Hidada Ltd.
- 7.1.9 Metrosmart International Trading & Contracting W.L.L.
- 7.1.10 Orbix International Llc
- 7.1.11 Saleh And Abdulaziz Abahsain Co. Ltd. (Omega Company)
- 7.1.12 Techno Pole Industries Llc
- 7.2 Recent Developments & Impact Analysis, By Key Market Participants
- 7.3 Company Categorization
- 7.4 Participant's Overview
- 7.5 Financial Performance
- 7.6 Product Benchmarking
- 7.7 Company Market Share Analysis, 2022
- 7.8 Company Heat Map Analysis
- 7.9 Strategy Mapping
- 7.9.1 Expansion
- 7.9.2 Mergers & Acquisition
- 7.9.3 Collaborations
- 7.9.4 New Product Launches
- 7.9.5 Research & Development
List of Tables
- Table 1 Key market driver analysis
- Table 2 Key market restraint analysis
- Table 3 GCC Steel Utility Poles Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- Table 4 GCC Steel Utility Poles Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (Million Units)
- Table 5 GCC Steel Utility Poles Market Revenue Estimates and Forecast, By Size, 2018 - 2030 (USD Million)
- Table 6 GCC Steel Utility Poles Market Revenue Estimates and Forecast, By Size, 2018 - 2030 (Million Units)
- Table 7 Recent Developments & Impact Analysis, By Key Market Participants
- Table 8 Company Heat Map Analysis
List of Figures
- Fig. 1 GCC Steel Utility Poles Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 GCC Steel Utility Poles Market Value, 2022 (USD Million)
- Fig. 10 GCC steel utility poles - Industry Value Chain Analysis
- Fig. 11 GCC Steel Utility Poles Market Dynamics
- Fig. 12 Stages of steel recycling
- Fig. 13 Manufacturing and recycling process of steel
- Fig. 14 Types of corrosion
- Fig. 15 Types of steel surface treatments
- Fig. 16 Average Steel Material Prices, 2017-2022 (USD/Ton)
- Fig. 17 GCC Steel Utility Poles Market: PORTER's Analysis
- Fig. 18 GCC Steel Utility Poles Market: PORTER's Analysis
- Fig. 19 GCC Steel Utility Poles Market, by Application: Key Takeaways
- Fig. 20 GCC Steel Utility Poles Market, by Application: Market Share, 2022 & 2030
- Fig. 21 Electricity transmission & distribution market estimates & forecasts, 2018 - 2030 (USD Million, Million Units)
- Fig. 22 Lighting market estimates & forecasts, 2018 - 2030 (USD Million, Million Units)
- Fig. 23 Telecommunications market estimates & forecasts, 2018 - 2030 (USD Million) (Million Units)
- Fig. 24 Others market estimates & forecasts, 2018 - 2030 (USD Million, Million Units)
- Fig. 25 GCC Steel Utility Poles Market, by Size: Key Takeaways
- Fig. 26 GCC Steel Utility Poles Market, by Pole Size: Market Share, 2022 & 2030
- Fig. 27 Less than 6 m steel utility pole market estimates & forecasts, 2018 - 2030 (USD Million, Million Units)
- Fig. 28 6 to 15 m steel utility pole market estimates & forecasts, 2018 - 2030 (USD Million) (Million Units)
- Fig. 29 Above 15 m steel utility pole market estimates & forecasts, 2018 - 2030 (USD Million) (Million Units)
- Fig. 30 GCC Steel Utility Poles market revenue, by region, 2022 & 2030 (USD Thousand)
- Fig. 31 Regional marketplace: Key takeaways
- Fig. 32 GCC Steel Utility Poles market estimates & forecast, 2018 - 2030 (USD Million) (Million Units)
- Fig. 33 Saudi Arabia Steel Utility Poles market estimates & forecast, 2018 - 2030 (USD Million) (Million Units)
- Fig. 34 Qatar Steel Utility Poles market estimates & forecast, 2018 - 2030 (USD Million) (Million Units)
- Fig. 35 The UAE Steel Utility Poles market estimates & forecast, 2018 - 2030 (USD Million) (Million Units)
- Fig. 36 Rest of GCC Steel Utility Poles market estimates & forecast, 2018 - 2030 (USD Million) (Million Units)
- Fig. 37 Key Company Categorization
- Fig. 38 Company Market Share Analysis, 2022
- Fig. 39 Strategic framework
