PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218832
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1218832
Utility Poles Market Forecasts to 2028 - Global Analysis By Type (Transmission Poles and Distribution Poles), Pole Size (Above 70ft, Between 40ft and 70ft and Below 40ft), Material(Wood, Steel, Concrete and Composites), Application and By Geography
According to Stratistics MRC, the Global Utility Poles Market is accounted for $47.5 billion in 2022 and is expected to reach $64.1 billion by 2028 growing at a CAGR of 5.1% during the forecast period. A utility pole is a concrete or a shaft structure that carries and shields the power lines made of fiber optic cables and electrical cables. They bear the weight of these power-generating wires insulating them from external adverse conditions and surfaces according to the positioning of these cables. They are made of different varieties including concrete, sheet, wood, or composite materials. These poles contribute and strengthen the power lines by increasing their durability and ability to withstand heavy electrical pressures.
According to the Department of Energy (DoE), there are about 175-180 million utility poles in total in North America. According to the Public Utilities Regulatory Policy Act in the US, the generation of electricity started shifting from public utilities to industrial firms and non-utility generators. In addition, the EU had set an energy-saving target of 20%.
Market Dynamics:
Driver:
Growth in energy consumption
Energy transmission and energy distribution of the utility poles also play a significant role in supporting utility infrastructure and fulfilling energy needs as per the demand. Increasing power generation capacity and replacement of aging networks, growing energy consumption, expansion of the telecommunication industry, and approval of steel as a green material are some of the factors that drive the market growth.
Restraint:
Increase in the underground connection
The rise in trend for underground cables and wiring networks is restraining the growth of the market. There has been a recent infrastructure modification in the connection of telecommunication wires. Most of these wires have been planted underground to avoid any climatic erosion and physical disturbances. This factor poses a challenge to the growth of the utility poles market as it would affect the demand for the product.
Opportunity:
Technological advancements
Technological advancements on composite materials as utility poles are creating ample growth opportunities in the market. These composite materials in the recently observed utility poles are trending across the globe. They are also composed of cost-effective materials which will directly impact the market positively.
Threat:
Spacious requirement
Utility poles are concrete structures that need spacious positioning requirements for them to run across the locality to carry power transmission sources. This installation comes with lots of cost and cumbersome effort with an additional requirement of ample spaces for the poles to be erected in the stipulated areas. This is another challenge for the market.
COVID-19 Impact
The entire utility pole business sector was impacted during the pandemic period. The demand for electricity tapered down globally which led to a slump in the market during that period. The reduction in electricity demand and crippled innovations in telecommunication sectors because of lockdowns and curfews led to a poor supply of utility poles. There were also sudden closures of major telecommunication industries across the world during that period which hampered the growth of the global utility poles market excessively.
The between 40ft and 70ft segment is expected to be the largest during the forecast period
The between 40ft and 70ft segment is estimated to have a lucrative growth, due to they are used in both energy transmissions well as energy distribution applications. An increase in the size of the pole offers the ability to handle greater load tension. Apart from this, the telecom industry is also a significant consumer of this category poles wherein increase in broadband users is mainly surging demand for the segment growth.
The wood segment is expected to have the highest CAGR during the forecast period
The wood segment is anticipated to witness the fastest CAGR growth during the forecast period, due to it is used in the pole making therefore it is highly adopted in the utility poles. Utility poles that are made from wood are pressure treated with specific additives to keep woodpeckers, insects, fungi, and fires away from the pole. Thus, these factors are boosting the segment growth.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to increase in demand for telecom service. The region is witnessing growth in demand for electricity, and therefore, has undertaken major transmission and distribution projects for upgrading the transmission network with ultra-high voltage technologies. In addition, rise in focus on technological advancements and presences of several new players are projected to augment the growth of the market.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to rise in usage of electricity in the countries leading to rise in the installation of utility poles in the region. Moreover, the growing demand for power supply by various industries and consumers for commercial and residential activities will prompt regional market growth.
Key players in the market
Some of the key players profiled in the Utility Poles Market include Omega Factory, KEC International, Hill & Smith Holdings, Nippon Concrete industries, Stella-Jones Inc, Fuchs Europoles Gmbh, Saleh and Abdulaziz Abahsain Co. Ltd., Skipper Ltd, Bell Lumber and Pole Co., Elsewedy Electric, Pelco Products, RS Technologies INC., Arcosa Inc., Bridgewell Resources LLC, Valmont Industries Inc., Koppers Inc. and Kansai Electric Power Company.
Key Developments:
In August 2022, KEC International received new orders worth USD 13,130 million in its various business areas. The Transmission & Distribution (T&D) division has received an order from Power Grid Corporation of India for a 400 kV transmission line in India.
In July 2022, Kansai Electric Power Company in Japan decided to demonstrate smart poles which are its multifunctional utility poles. Reportedly, these products are undergoing testing and are embedded with next-gen drone functions and it includes lost child search tools.
Types Covered:
- Transmission Poles
- Distribution Poles
Pole Sizes Covered:
- Above 70ft
- Between 40ft and 70ft
- Below 40ft
Materials Covered:
- Wood
- Steel
- Concrete
- Composites
Applications Covered:
- Telecommunication
- Electricity Transmission and distribution
- Subtransmission lines
- Heavy Power Lines
- Street lighting
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Utility Poles Market, By Type
- 5.1 Introduction
- 5.2 Transmission Poles
- 5.3 Distribution Poles
6 Global Utility Poles Market, By Pole Size
- 6.1 Introduction
- 6.2 Above 70ft
- 6.3 Between 40ft and 70ft
- 6.4 Below 40ft
7 Global Utility Poles Market, By Material
- 7.1 Introduction
- 7.2 Wood
- 7.3 Steel
- 7.4 Concrete
- 7.5 Composites
8 Global Utility Poles Market, By Application
- 8.1 Introduction
- 8.2 Telecommunication
- 8.3 Electricity Transmission and distribution
- 8.4 Subtransmission lines
- 8.5 Heavy Power Lines
- 8.6 Street lighting
- 8.7 Other Applications
9 Global Utility Poles Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Omega Factory
- 11.2 KEC International
- 11.3 Hill & Smith Holdings
- 11.4 Nippon Concrete industries
- 11.5 Stella-Jones Inc
- 11.6 Fuchs Europoles Gmbh
- 11.7 Saleh and Abdulaziz Abahsain Co. Ltd.
- 11.8 Skipper Ltd
- 11.9 Bell Lumber and Pole Co.
- 11.10 Elsewedy Electric
- 11.11 Pelco Products
- 11.12 RS Technologies INC.
- 11.13 Arcosa Inc.
- 11.14 Bridgewell Resources LLC
- 11.15 Valmont Industries Inc.
- 11.16 Koppers Inc.
- 11.17 Kansai Electric Power Company
List of Tables
- 1 Global Utility Poles Market Outlook, By Region (2020-2028) ($MN)
- 2 Global Utility Poles Market Outlook, By Type (2020-2028) ($MN)
- 3 Global Utility Poles Market Outlook, By Transmission Poles (2020-2028) ($MN)
- 4 Global Utility Poles Market Outlook, By Distribution Poles (2020-2028) ($MN)
- 5 Global Utility Poles Market Outlook, By Pole Size (2020-2028) ($MN)
- 6 Global Utility Poles Market Outlook, By Above 70ft (2020-2028) ($MN)
- 7 Global Utility Poles Market Outlook, By Between 40ft and 70ft (2020-2028) ($MN)
- 8 Global Utility Poles Market Outlook, By Below 40ft (2020-2028) ($MN)
- 9 Global Utility Poles Market Outlook, By Material (2020-2028) ($MN)
- 10 Global Utility Poles Market Outlook, By Wood (2020-2028) ($MN)
- 11 Global Utility Poles Market Outlook, By Steel (2020-2028) ($MN)
- 12 Global Utility Poles Market Outlook, By Concrete (2020-2028) ($MN)
- 13 Global Utility Poles Market Outlook, By Composites (2020-2028) ($MN)
- 14 Global Utility Poles Market Outlook, By Application (2020-2028) ($MN)
- 15 Global Utility Poles Market Outlook, By Telecommunication (2020-2028) ($MN)
- 16 Global Utility Poles Market Outlook, By Electricity Transmission and distribution (2020-2028) ($MN)
- 17 Global Utility Poles Market Outlook, By Subtransmission lines (2020-2028) ($MN)
- 18 Global Utility Poles Market Outlook, By Heavy Power Lines (2020-2028) ($MN)
- 19 Global Utility Poles Market Outlook, By Street lighting (2020-2028) ($MN)
- 20 Global Utility Poles Market Outlook, By Other Applications (2020-2028) ($MN)
- 21 North America Utility Poles Market Outlook, By Country (2020-2028) ($MN)
- 22 North America Utility Poles Market Outlook, By Type (2020-2028) ($MN)
- 23 North America Utility Poles Market Outlook, By Transmission Poles (2020-2028) ($MN)
- 24 North America Utility Poles Market Outlook, By Distribution Poles (2020-2028) ($MN)
- 25 North America Utility Poles Market Outlook, By Pole Size (2020-2028) ($MN)
- 26 North America Utility Poles Market Outlook, By Above 70ft (2020-2028) ($MN)
- 27 North America Utility Poles Market Outlook, By Between 40ft and 70ft (2020-2028) ($MN)
- 28 North America Utility Poles Market Outlook, By Below 40ft (2020-2028) ($MN)
- 29 North America Utility Poles Market Outlook, By Material (2020-2028) ($MN)
- 30 North America Utility Poles Market Outlook, By Wood (2020-2028) ($MN)
- 31 North America Utility Poles Market Outlook, By Steel (2020-2028) ($MN)
- 32 North America Utility Poles Market Outlook, By Concrete (2020-2028) ($MN)
- 33 North America Utility Poles Market Outlook, By Composites (2020-2028) ($MN)
- 34 North America Utility Poles Market Outlook, By Application (2020-2028) ($MN)
- 35 North America Utility Poles Market Outlook, By Telecommunication (2020-2028) ($MN)
- 36 North America Utility Poles Market Outlook, By Electricity Transmission and distribution (2020-2028) ($MN)
- 37 North America Utility Poles Market Outlook, By Subtransmission lines (2020-2028) ($MN)
- 38 North America Utility Poles Market Outlook, By Heavy Power Lines (2020-2028) ($MN)
- 39 North America Utility Poles Market Outlook, By Street lighting (2020-2028) ($MN)
- 40 North America Utility Poles Market Outlook, By Other Applications (2020-2028) ($MN)
- 41 Europe Utility Poles Market Outlook, By Country (2020-2028) ($MN)
- 42 Europe Utility Poles Market Outlook, By Type (2020-2028) ($MN)
- 43 Europe Utility Poles Market Outlook, By Transmission Poles (2020-2028) ($MN)
- 44 Europe Utility Poles Market Outlook, By Distribution Poles (2020-2028) ($MN)
- 45 Europe Utility Poles Market Outlook, By Pole Size (2020-2028) ($MN)
- 46 Europe Utility Poles Market Outlook, By Above 70ft (2020-2028) ($MN)
- 47 Europe Utility Poles Market Outlook, By Between 40ft and 70ft (2020-2028) ($MN)
- 48 Europe Utility Poles Market Outlook, By Below 40ft (2020-2028) ($MN)
- 49 Europe Utility Poles Market Outlook, By Material (2020-2028) ($MN)
- 50 Europe Utility Poles Market Outlook, By Wood (2020-2028) ($MN)
- 51 Europe Utility Poles Market Outlook, By Steel (2020-2028) ($MN)
- 52 Europe Utility Poles Market Outlook, By Concrete (2020-2028) ($MN)
- 53 Europe Utility Poles Market Outlook, By Composites (2020-2028) ($MN)
- 54 Europe Utility Poles Market Outlook, By Application (2020-2028) ($MN)
- 55 Europe Utility Poles Market Outlook, By Telecommunication (2020-2028) ($MN)
- 56 Europe Utility Poles Market Outlook, By Electricity Transmission and distribution (2020-2028) ($MN)
- 57 Europe Utility Poles Market Outlook, By Subtransmission lines (2020-2028) ($MN)
- 58 Europe Utility Poles Market Outlook, By Heavy Power Lines (2020-2028) ($MN)
- 59 Europe Utility Poles Market Outlook, By Street lighting (2020-2028) ($MN)
- 60 Europe Utility Poles Market Outlook, By Other Applications (2020-2028) ($MN)
- 61 Asia Pacific Utility Poles Market Outlook, By Country (2020-2028) ($MN)
- 62 Asia Pacific Utility Poles Market Outlook, By Type (2020-2028) ($MN)
- 63 Asia Pacific Utility Poles Market Outlook, By Transmission Poles (2020-2028) ($MN)
- 64 Asia Pacific Utility Poles Market Outlook, By Distribution Poles (2020-2028) ($MN)
- 65 Asia Pacific Utility Poles Market Outlook, By Pole Size (2020-2028) ($MN)
- 66 Asia Pacific Utility Poles Market Outlook, By Above 70ft (2020-2028) ($MN)
- 67 Asia Pacific Utility Poles Market Outlook, By Between 40ft and 70ft (2020-2028) ($MN)
- 68 Asia Pacific Utility Poles Market Outlook, By Below 40ft (2020-2028) ($MN)
- 69 Asia Pacific Utility Poles Market Outlook, By Material (2020-2028) ($MN)
- 70 Asia Pacific Utility Poles Market Outlook, By Wood (2020-2028) ($MN)
- 71 Asia Pacific Utility Poles Market Outlook, By Steel (2020-2028) ($MN)
- 72 Asia Pacific Utility Poles Market Outlook, By Concrete (2020-2028) ($MN)
- 73 Asia Pacific Utility Poles Market Outlook, By Composites (2020-2028) ($MN)
- 74 Asia Pacific Utility Poles Market Outlook, By Application (2020-2028) ($MN)
- 75 Asia Pacific Utility Poles Market Outlook, By Telecommunication (2020-2028) ($MN)
- 76 Asia Pacific Utility Poles Market Outlook, By Electricity Transmission and distribution (2020-2028) ($MN)
- 77 Asia Pacific Utility Poles Market Outlook, By Subtransmission lines (2020-2028) ($MN)
- 78 Asia Pacific Utility Poles Market Outlook, By Heavy Power Lines (2020-2028) ($MN)
- 79 Asia Pacific Utility Poles Market Outlook, By Street lighting (2020-2028) ($MN)
- 80 Asia Pacific Utility Poles Market Outlook, By Other Applications (2020-2028) ($MN)
- 81 South America Utility Poles Market Outlook, By Country (2020-2028) ($MN)
- 82 South America Utility Poles Market Outlook, By Type (2020-2028) ($MN)
- 83 South America Utility Poles Market Outlook, By Transmission Poles (2020-2028) ($MN)
- 84 South America Utility Poles Market Outlook, By Distribution Poles (2020-2028) ($MN)
- 85 South America Utility Poles Market Outlook, By Pole Size (2020-2028) ($MN)
- 86 South America Utility Poles Market Outlook, By Above 70ft (2020-2028) ($MN)
- 87 South America Utility Poles Market Outlook, By Between 40ft and 70ft (2020-2028) ($MN)
- 88 South America Utility Poles Market Outlook, By Below 40ft (2020-2028) ($MN)
- 89 South America Utility Poles Market Outlook, By Material (2020-2028) ($MN)
- 90 South America Utility Poles Market Outlook, By Wood (2020-2028) ($MN)
- 91 South America Utility Poles Market Outlook, By Steel (2020-2028) ($MN)
- 92 South America Utility Poles Market Outlook, By Concrete (2020-2028) ($MN)
- 93 South America Utility Poles Market Outlook, By Composites (2020-2028) ($MN)
- 94 South America Utility Poles Market Outlook, By Application (2020-2028) ($MN)
- 95 South America Utility Poles Market Outlook, By Telecommunication (2020-2028) ($MN)
- 96 South America Utility Poles Market Outlook, By Electricity Transmission and distribution (2020-2028) ($MN)
- 97 South America Utility Poles Market Outlook, By Subtransmission lines (2020-2028) ($MN)
- 98 South America Utility Poles Market Outlook, By Heavy Power Lines (2020-2028) ($MN)
- 99 South America Utility Poles Market Outlook, By Street lighting (2020-2028) ($MN)
- 100 South America Utility Poles Market Outlook, By Other Applications (2020-2028) ($MN)
- 101 Middle East & Africa Utility Poles Market Outlook, By Country (2020-2028) ($MN)
- 102 Middle East & Africa Utility Poles Market Outlook, By Type (2020-2028) ($MN)
- 103 Middle East & Africa Utility Poles Market Outlook, By Transmission Poles (2020-2028) ($MN)
- 104 Middle East & Africa Utility Poles Market Outlook, By Distribution Poles (2020-2028) ($MN)
- 105 Middle East & Africa Utility Poles Market Outlook, By Pole Size (2020-2028) ($MN)
- 106 Middle East & Africa Utility Poles Market Outlook, By Above 70ft (2020-2028) ($MN)
- 107 Middle East & Africa Utility Poles Market Outlook, By Between 40ft and 70ft (2020-2028) ($MN)
- 108 Middle East & Africa Utility Poles Market Outlook, By Below 40ft (2020-2028) ($MN)
- 109 Middle East & Africa Utility Poles Market Outlook, By Material (2020-2028) ($MN)
- 110 Middle East & Africa Utility Poles Market Outlook, By Wood (2020-2028) ($MN)
- 111 Middle East & Africa Utility Poles Market Outlook, By Steel (2020-2028) ($MN)
- 112 Middle East & Africa Utility Poles Market Outlook, By Concrete (2020-2028) ($MN)
- 113 Middle East & Africa Utility Poles Market Outlook, By Composites (2020-2028) ($MN)
- 114 Middle East & Africa Utility Poles Market Outlook, By Application (2020-2028) ($MN)
- 115 Middle East & Africa Utility Poles Market Outlook, By Telecommunication (2020-2028) ($MN)
- 116 Middle East & Africa Utility Poles Market Outlook, By Electricity Transmission and distribution (2020-2028) ($MN)
- 117 Middle East & Africa Utility Poles Market Outlook, By Subtransmission lines (2020-2028) ($MN)
- 118 Middle East & Africa Utility Poles Market Outlook, By Heavy Power Lines (2020-2028) ($MN)
- 119 Middle East & Africa Utility Poles Market Outlook, By Street lighting (2020-2028) ($MN)
- 120 Middle East & Africa Utility Poles Market Outlook, By Other Applications (2020-2028) ($MN)
