PUBLISHER: Lucintel | PRODUCT CODE: 1266714
PUBLISHER: Lucintel | PRODUCT CODE: 1266714
The future of the global utility pole market looks promising with opportunities in the electric transmission and distribution sector. The global utility pole market is expected to reach an estimated $45.9 billion by 2028 with a CAGR of 3.8% from 2023 to 2028. The major growth drivers for this market are increasing power generation capacity, growing transmission and distribution infrastructure, and replacement of aging networks.
Emerging trend, which has a direct impact on the dynamics of the industry, includes wider use of transmission monopoles and increased usage of composite poles in transmission and distribution.
A total of 129 figures / charts and 102 tables are provided in this 214-page report to help in your business decisions.
In this market, distribution pole is the largest application market, whereas steel is largest in material. Growth in various segments of the utility pole market is given below:
The study includes a forecast for the global utility pole market by application, material, size, type, and region, as follows:
Utility Pole Market by Application [Value ($ Million) and Volume (Thousand Units) from 2017 to 2028]:
Utility Pole Market by Material [Value ($ Million) and Volume (Thousand Units) from 2017 to 2028]:
Utility Pole Market by Size [Value ($ Million) and Volume (Thousand Units) from 2017 to 2028]:
Utility Pole Market by Type [Value ($ Million) and Volume (Thousand Units) from 2017 to 2028]:
Utility Pole Market by Region [Value ($ Million) and Volume (Thousand Units) from 2017 to 2028]:
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies utility pole companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the utility pole companies profiled in this report include.
Q1. What is the utility pole market size?
Answer:The global utility pole market is expected to reach an estimated $45.9billion by 2028.
Q2. What is the growth forecast for utility pole market?
Answer:The utility pole market is expected to grow at a CAGR of 3.8% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the utility pole market?
Answer: The major drivers for this market are increasing power generation capacity, growing transmission and distribution infrastructure, and replacement of aging networks.
Q4. What are the major applications or end use industries for utility pole?
Answer:Transmission and distribution are the major end use for utility pole.
Q5. What are the emerging trends in utility pole market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include wider use of transmission monopoles and increased usage of composite poles in transmission and distribution.
Q6. Who are the key utility pole companies?
Answer:Some of the key utility pole companies are as follows:
Q7.Which utility pole product segment will be the largest in future?
Answer: Lucintel forecasts that steel pole will remain the largest material segment over the forecast period due to its high durability and low maintenance.
Q8. In utility pole market, which region is expected to be the largest in next 5 years?
Answer:Asia Pacific will remain the largest market and it is also expected to witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.