Press release
The Utility Poles Market was Valued at US$ 44.44 Billion in 2022 | A-AERIAL SERVICES. ALLIED BOLT PRODUCTS LLC. EATON CORPORATION EL SEWEDY ELECTRIC COMPANY FUCHS EUROPOLES GMBH HILL & SMITH HOLDINGS PLC
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The utility poles market has witnessed significant growth in recent years and is poised for continued expansion in the coming decade. With a revenue of US$ 44.44 billion in 2022, the market is projected to reach a valuation of US$ 64.54 billion by 2031, exhibiting a CAGR of 4.3% during the forecast period from 2023 to 2031. It analyses the market's regional trends, size, expansion prospects, and important factors in each region. Additionally, it acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. Both the direct and indirect effects of the pandemic on related industries are taken into account and discussed in the report.
The report gives a thorough analysis of the global utility poles market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
A-AERIAL SERVICES.
ALLIED BOLT PRODUCTS LLC.
EATON CORPORATION
EL SEWEDY ELECTRIC COMPANY
FUCHS EUROPOLES GMBH
HILL & SMITH HOLDINGS PLC
NIPPON CONCRETE INDUSTRIES CO., LTD.
OMEGA FACTORY
PELCO PRODUCTS INC.
RS TECHNOLOGIES INC.
SKIPPER LTD.
STELLA-JONES INC.
UTILITY METALS.
VALMONT INDUSTRIES INC.
Other Prominent Players
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic's impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the global utility poles market includes
By Type
Transmission Poles
Distribution Poles
Light Poles
By Material Type
Wooden Utility Poles
Steel Utility Poles
Stepped poles (ISTPs)
Swaged poles (ISWPs)
Concrete Utility Poles
Fiber Reinforced Polymer (FRP) Composites
By Pole Size
Below 40ft
Between 40 & 70ft
Above 70ft
By Application
Energy Transmission & Distribution
Telecommunication
Street Lighting
Heavy Power Lines
Sub Transmission Lines
Others
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
South Korea
ASEAN
Malaysia
Thailand
Singapore
Vietnam
Indonesia
Philippines
Rest of ASEAN
Rest of Asia Pacific
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
Overall, Astute Analytica's report on the global utility poles market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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