The global utility poles market was valued at $45.6 billion in 2018, and is projected to reach $58.8 billion by 2026, growing at a CAGR of 3.2% from 2019 to 2026.
A utility pole is a rod, column, or shaft-like structure used to bear all the weight of overhead power lines and different public utilities, such as fiber optic cable, electrical cable, and related equipment such as street lights and transformers. These poles play a major role in supporting the wires that generate electricity and enable the growing network of computers, televisions, and telephones. They are made up of various materials such as concrete, steel, wooden, and composites. Utility poles offer advantages such as enhanced safety, superior strength, and prolonged durability.
The global utility poles market growth is mainly driven by the rise in need for energy and the resulting additions in the energy generation capacities across the globe. This has led to the expansion of electricity transmission and distribution infrastructure thereby significantly contributing to the global market growth. Some of the other factors such as replacement of old utility poles, heavy utility investment by governments from various geographies, and the emergence of composite utility poles further fuel the growth of the market. Wood and steel-based poles are already established in the market, however, composite poles are relatively new and are gradually gaining popularity on account of greater benefits associated with them. Therefore, an increase in the popularity of composite poles are expected to offer new growth opportunities to the market. Conversely, high maintenance cost associated with utility poles and an increase in trend for underground wires and cable network is expected to hamper the global market growth.
The global utility poles market is segmented into type, material, pole size, application, and region. By type, the global market is segmented into transmission poles and distribution poles. By material, the market is divided into concrete, wood, steel, and composites. By pole size, the market is categorized into below 40ft, between 40 & 70ft, and above 70ft. By application, it divided into electricity transmission & distribution, telecommunication, street lighting, heavy power lines, sub transmission lines, and others. Region-wise, the global market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major market players studied and profiled in the global utility poles market are Valmont Industries Inc., Skipper Ltd., Nippon Concrete Industries Co. Ltd., El Sewedy Electric Company, Hill & Smith Holdings PLC, Stella-Jones, FUCHS Europoles GmbH, Omega Factory, Pelco products Inc., RS Technologies Inc., and others.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Material
By Application
By Region
KEY MARKET PLAYERS
A utility pole is a rod, column, or shaft-like structure used to bear all the weight of overhead power lines and different public utilities, such as fiber optic cable, electrical cable, and related equipment such as street lights and transformers. These poles play a major role in supporting the wires that generate electricity and enable the growing network of computers, televisions, and telephones. They are made up of various materials such as concrete, steel, wooden, and composites. Utility poles offer advantages such as enhanced safety, superior strength, and prolonged durability.
The global utility poles market growth is mainly driven by the rise in need for energy and the resulting additions in the energy generation capacities across the globe. This has led to the expansion of electricity transmission and distribution infrastructure thereby significantly contributing to the global market growth. Some of the other factors such as replacement of old utility poles, heavy utility investment by governments from various geographies, and the emergence of composite utility poles further fuel the growth of the market. Wood and steel-based poles are already established in the market, however, composite poles are relatively new and are gradually gaining popularity on account of greater benefits associated with them. Therefore, an increase in the popularity of composite poles are expected to offer new growth opportunities to the market. Conversely, high maintenance cost associated with utility poles and an increase in trend for underground wires and cable network is expected to hamper the global market growth.
The global utility poles market is segmented into type, material, pole size, application, and region. By type, the global market is segmented into transmission poles and distribution poles. By material, the market is divided into concrete, wood, steel, and composites. By pole size, the market is categorized into below 40ft, between 40 & 70ft, and above 70ft. By application, it divided into electricity transmission & distribution, telecommunication, street lighting, heavy power lines, sub transmission lines, and others. Region-wise, the global market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major market players studied and profiled in the global utility poles market are Valmont Industries Inc., Skipper Ltd., Nippon Concrete Industries Co. Ltd., El Sewedy Electric Company, Hill & Smith Holdings PLC, Stella-Jones, FUCHS Europoles GmbH, Omega Factory, Pelco products Inc., RS Technologies Inc., and others.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global utility poles market from 2018 to 2026 to determine the prevailing opportunities
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
- Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume
- Profiles of leading players operating in the market are provided to understand the global competitive scenario
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth
KEY MARKET SEGMENTS
By Type
- Transmission Poles
- Distribution Poles
By Material
- Concrete
- Wood
- Steel
- Composites
- By Pole Size
- Below 40ft
- Between 40 & 70ft
- Above 70ft
By Application
- Electricity Transmission & Distribution
- Telecommunication
- Street Lighting
- Heavy Power Lines
- Subtransmission Lines
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- South Africa
- LAMEA
KEY MARKET PLAYERS
- Valmont Industries Inc.
- Skipper Ltd
- Nippon Concrete Industries Co. Ltd.
- El Sewedy Electric Company
- Hill & Smith Holdings PLC
- Stella-Jones
- FUCHS Europoles GmbH
- Omega Factory
- Pelco products Inc.
- RS Technologies Inc
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: UTILITY POLES MARKET, BY TYPE
CHAPTER 5: UTILITY POLES MARKET, BY MATERIAL
CHAPTER 6: UTILITY POLES MARKET, BY POLE SIZE
CHAPTER 7: UTILITY POLES MARKET, BY APPLICATION
CHAPTER 8: UTILITY POLES MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES:
Executive Summary
According to the report titled 'Utility poles Market by Type, Material, Pole Size, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global utility poles market was valued at $45.6 billion in 2018, and is projected to reach $58.8 billion by 2026, growing at a CAGR of 3.2% from 2019 to 2026.Utility pole is an end to end connection of electrical wires that carries and distributes electricity as per the convenience. Therefore, utility poles are designed to be durable in nature. The normal life cycle of a utility pole ranges from 30 to 50 years but this life span varies based on the material used. Traditionally, wood poles were preferred mostly in response to material suitability but gradually wooden poles are getting replaced by steel and now composite based poles due to enhanced properties and benefits associated with them.
The global utility poles market is highly established in nature and it is expected to register a single-digit growth of 3.2% during the forecast period. Countries with higher population density and increasing electricity access rates have been generating higher demand for utility poles. On the other hand, established country-level markets such as the U.S., China, UK, India, and others have already established an electricity distribution network, where revenue is coming from pole replacement activities.
Steel’s material profile is approved as a green material and the market has seen different growth perspectives thereafter. Most of the aged wooden utility poles have started to replace from steel poles due to greater benefits such as ease of installation, reliability, durability, life cycle cost, and environmental considerations. Currently, there are more than 150 utility poles are in service in North America (of which more than 70% are wooden) and around 2.5 million are getting replaced by steel poles. As a result, steel-based poles likely to have a promising future during the forecast period.
Some of the other factors driving the adoption of utility poles are the expansion of existing electricity networks, increase in electricity access rate in developing and underdeveloped countries, and the introduction of monopoles. Monopoles are the latest invention in this market, however, lack of awareness associated with them is holding the market from maximizing the growth. In addition, composite poles are also introduced in the market that is showing greater potential for the coming years. This pole type has superior properties and is lightweight as compared to other poles, due to which composite poles are expected to register the highest CAGR during the forecast period.
Some of the major market players studied and profiled in the global utility poles market are Valmont Industries Inc., Skipper Ltd., Nippon Concrete Industries Co. Ltd., El Sewedy Electric Company, Hill & Smith Holdings PLC, Stella-Jones, FUCHS Europoles GmbH, Omega Factory, Pelco products Inc., RS Technologies Inc., and others.
Key Findings of the Study:
By type, distribution pole emerged as the global leader in 2018 and a similar segment likely to continue its dominance on the global utility poles market. Electric distribution activities required a repeated number of poles as per the electricity demand which drives the growth of this segment.
By material, wood is the largest revenue-generating segment in 2018. Wood is the pioneer material in the pole making industry due to which it is still used significantly across the globe. However,
By application, energy transmission and distribution is the major segment accounted for around 70% market share in 2018. Utility poles are mainly required in the energy transmission and distribution activities that make this segment the largest one among others.
Composite utility poles offer the longest lifespan due to which it is expected to register highest CAGR during the forecast period
Companies Mentioned
- Valmont Industries Inc.
- Skipper Ltd.
- Nippon Concrete Industries Co. Ltd.
- El Sewedy Electric Company
- Hill & Smith Holdings PLC
- Stella-Jones
- FUCHS Europoles GmbH
- Omega Factory
- Pelco products Inc.
- RS Technologies Inc.,
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | February 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 45.6 billion |
| Forecasted Market Value ( USD | $ 58.8 billion |
| Compound Annual Growth Rate | 3.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
