Press release
Utility Poles Market Set to Surpass US$ 55.1 Billion Valuation by 2027 | El Sewedy Electric Company, FUCHS Europoles GmbH, Hill & Smith Holdings PLC, KEC International Ltd, Koppers Inc., Nippon Concrete Industries Co. Ltd
Utility Poles Market Research Report 2022-2027
A Closer Look at the Global Utility Poles Market Size | 2022
The global utility poles market size reached US$ 45.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 55.1 Billion by 2027, exhibiting a growth rate (CAGR) of 3.3% during 2022-2027. Utility poles, also called electric power poles, are utilized in the transmission and distribution of electricity from power companies to the end users. In line with this, they are equipped with cutouts, lightning arrestors, insulators, cross arms, transformers, etc. Some of the commonly used utility poles in the electrical system include steel tubular, wooden, concrete, and rail electric poles. They support various types of wires, such as secondary, telephone and cable, primary, neutral, ground, guy, etc.
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Utility Poles Market Trends and Drivers:
The expanding telecommunications industry and the escalating demand for energy are primarily driving the utility poles market. Additionally, the growing number of electricity transmission infrastructures is further catalyzing the market growth. Besides this, the leading manufacturers are introducing steel electric poles that aid in minimizing greenhouse gas emissions, eliminating terrestrial bone disturbance in forests, reducing habitat disruption and generation of untreated waste, etc., owing to the inflating popularity of steel as an environment-friendly material to produce utility poles, which is acting as another significant growth-inducing factor.
Moreover, the rising investments in construction activities are also positively influencing the global market. Apart from this, the development of concrete product variants manufactured with ultra-high strength and pre-stressed spun concrete that assists in improving their life expectancy, static performance, durability, flexibility, security, etc., is anticipated to fuel the utility poles market over the forecasted period.
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Utility Poles Market 2022-2027 Competitive Analysis and Segmentation:
Key Market Segmentation:
The report has segmented the global utility poles market on the basis of type, material, pole size, application and region.
Breakup by Type:
• Transmission Poles
• Distribution Poles
Breakup by Material:
• Concrete
• Wood
• Steel
• Composites
Breakup by Pole Size:
• Below 40ft
• Between 40 and 70ft
• Above 70ft
Breakup by Application:
• Electricity Transmission and Distribution
• Telecommunication
• Street Lighting
• Heavy Power Lines
• Subtransmission Lines
• Others
Regional Analysis:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Competitive Landscape With Key Players:
The competitive landscape of the global utility poles market has been studied in the report with the detailed profiles of the key players operating in the market.
List of Key Companies Covered in this Market Report:
• El Sewedy Electric Company
• FUCHS Europoles GmbH
• Hill & Smith Holdings PLC
• KEC International Ltd
• Koppers Inc.
• Nippon Concrete Industries Co. Ltd. (TYO: 5269)
• Omega Company (NYSE: OHI)
• Pelco products Inc.
• Skipper Limited
• Stella-Jones
• Valmont Industries Inc.
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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