What’s Driving the Distribution Lines And Poles Market Trends? Top Players: Nexans, Fifan, ZTT, Versalec, KEI, Bell Lumber & Pole, Lamifil, Stresscrete, Pelco, Stella Jones, Riyadh Cables, Valmont and Apar

Distribution Lines And Poles Market size will surpass USD 100 Billion by 2025, as reported in the latest study by Global Market Insights, Inc.
Distribution lines and poles market size will witness robust growth on account of rapid increase in electricity demand driven by expanding population and ongoing efforts to supply electricity to remote areas. For instance, the Government of India spent nearly USD 3.6 billion from 2014 to 2018 toward rural electrification.

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Ongoing investments toward modernization and replacement of the aging power grid infrastructure will drive the distribution lines and poles market growth. For instance according to the U.S. Energy Information Administration (EIA), major utilities across the country invested approximately USD 51 billion on electricity distribution systems in 2017. Furthermore, growing per capita electricity consumption attributed to increased adoption of HVAC appliances will positively influence the industry size.

The ≤11 kV distribution lines market size is predicted to expand over 4% by 2025. Increasing residential and small commercial electricity demand owing to burgeoning population growth and commercialization will proliferate the product deployment. For instance, in 2018, MDPI forecasted annual residential electricity consumption in Nigeria to reach 61 TWh/year in 2030, growing by over 50% from 2015 values.

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Middle East & Africa distribution lines and poles market will witness appreciable growth on account of rapidly expanding population and ongoing efforts by respective governments to provide electricity to every citizen. For instance, in 2018, the World Bank approved a loan of USD 350 million to the Government of Nigeria for Nigeria Electrification Project (NEP). Moreover, several countries across Africa are witnessing substantial investments toward housing and healthcare infrastructure development, which will further impart an impetus to the business growth.

• Pages: 485
• Tables: 1034
• Charts / Figures: 47
• Companies covered: 27
• Countries covered: 30

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Open wire distribution lines market size is forecasted to grow over 3% by 2025. Low capital cost, and easy maintenance are some of the primary factors making its adoption preferable over available counterparts. Ongoing rural electrification programs across developing nations will further escalate product demand.

11-33 kV distribution lines and poles market is set to witness appreciable growth on account of ongoing investments toward development of manufacturing sector and commercial centers. As per the World Bank in 2017, urban residents accounted to 54.8% of the global population, witnessing a growth of over 9% in one decade.

Steel distribution poles market size is predicted to exceed an annual installation of 30 million units by 2025. Extended service life, high strength, standard quality and light weight are the key features that will accelerate the product adoption in future. Moreover, lower environmental impact associated with steel poles along with its immunity to rotting, fire and rodents makes it a preferable substitute for wood poles. According to the American Iron and Steel Institute, in 2018, more than 300 utilities across the U.S. are using steel distribution poles to replace wood poles.

Prominent industry players active across the distribution lines and poles market include Nexans, Fifan, ZTT, Versalec, KEI, Bell Lumber & Pole, Lamifil, Stresscrete, Pelco, Stella Jones, Riyadh Cables, Valmont and Apar Industries amongst others.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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