Utility Poles Market to reach $58.8 Billion by 2026: New Study by Allied Market Research

Increase in the global energy consumption, surge in adoption in the telecommunication industry, and endorsement of steel's material profile as a green material have propelled the growth of the global utility poles market. Based on product, the distribution pole segment contributed for the largest share in 2018. Based on material, the concrete pole segment accounted for major market share. Region wise, Asia-Pacific held the lion’s share in 2018.

Pune, INDIA


PORTLAND, Ore., March 30, 2020 (GLOBE NEWSWIRE) -- According to the report, the global utility poles industry was pegged at $45.6 billion in 2018 and is projected to reach $58.8 billion by 2026, registering a CAGR of 3.2% from 2019 to 2026. The report provides an extensive analysis of the market dynamics including drivers & restraints, major winning strategies, market size & projections, competitive landscape, and major segments.

Rise in the global energy consumption, increase in adoption in the telecommunication industry, and endorsement of steel's material profile as a green material have propelled the growth of the global utility poles market. However, surge in trend for underground wire or cables network and regulations against deforestation hamper the market growth. On the contrary, advent of composites in the utility sector is expected to offer multiple opportunities in the near future.

Based on product, the market is bifurcated into transmission pole and distribution pole. The distribution pole segment held the largest share in 2018, contributing to more than three-fifths of the global utility poles market. However, the transmission pole segment is expected to register the fastest CAGR of 3.6% from 2019 to 2026.  

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Based on material, the market is segmented into concrete pole, steel pole, wooden pole, and composite pole. The concrete pole segment is expected to manifest the fastest CAGR of 3.7% from 2019 to 2026. However, the wooden pole segment dominated the global utility poles market in 2018, accounting for nearly half of the market.

Based on region, the market is analyzed across Asia-Pacific, North America, LAMEA, and Europe. The global utility poles market across Asia-Pacific held the largest share in 2018, contributing to nearly two-fifths of the market. Moreover, the region is expected to register the fastest CAGR of 3.6% through 2026.

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Key market players analyzed in the research include Valmont Industries Inc., El Sewedy Electric Company, Skipper Ltd., Nippon Concrete Industries Co. Ltd., RS Technologies Inc., Stella-Jones, Hill & Smith Holdings PLC, Pelco products Inc., Omega Factory.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


        

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