Press release
COVID-19 Breakout: Utility Poles Market for Electricity Transmission and Distribution Is Predicted To Be the Most Lucrative Segment
Utility Poles Market
Technological Impact
Social Impact
Investment Opportunity Analysis
Pre- & Post-COVID Market Scenario
Infrastructure Analysis
Supply Side & Demand Side Impact
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As per a new report published by Research Dive, the global utility poles market is set to generate a revenue of $ 55,360.7 million by 2026, at a CAGR of 2.7% during the period of forecast. The segmentation of the market has been done based on application, pole size and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market.
Factors Affecting the Market Growth
As per our analysts, increasing energy consumption globally is predicted to drive the utility poles market in the forecast period. Moreover, growing undergoing connection is predicted to hamper the market growth in the forecast period.
Between 40ft and 70ft segment will have a Substantial Growth during the Forecast Period
Depending on the pole size, the utility poles market is further divided into below 40ft, between 40ft and 70ft and above 70ft. The between 40ft and 70ft segment was valued at $ 18,282.9 million in revenue in 2018 and is anticipated to grow at 2.8% CAGR. The growth of the segment is predicted to as it is most widely used pole type in most of the end use industry for various application.
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Electricity Transmission and Distribution Is Predicted To Be the Most Lucrative Segment
Depending on the application, the utility poles market is further divided into electricity transmission and distribution, telecommunication, street lighting, heavy power lines, sub transmission lines and others. The market size for the electricity transmission and distribution segment was valued at $30,665.6 million in 2018 and is predicted to grow at a CAGR of 2.5% in the forecast period. The consumption of utility poles for electricity transmission and distribution is on a faster pace which will boost the segment in the forecast period.
Regional Breakdown of the Market
Depending on the region, the utility poles market is further divided into North America, Europe, Asia Pacific, and LAMEA. The Asia-Pacific utility poles market was valued at $17,428.3 million in 2018 and is anticipated to rise at 3.1% CAGR during the projected period. Massive population and massive investment by major companies in the region is predicted to boost the region market in the forecast period.
Top Companies Leading the Market
The major key players in the utility pole market players include El Sewedy Electric Company, Hill & Smith Holdings Plc, KEC International, Valmont Industries Inc., Skipper Ltd., Omega Factory, Nippon Concrete Industries Co. Ltd., Pelco products Inc., Stella-Jones, RS Technologies Inc. and FUCHS Europoles GmbH.
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Research Dive
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About Us
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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