Utility Poles Market: Current Analysis and Forecast (2021-2027)
Utility pole is a column or post used to support overhead power lines and various other public utilities, including electrical cable, fiber optic cable, and related equipment such as transformers and streetlights. Depending on the application the utility poles can be referred to as a transmission pole, telephone pole, telecommunication pole, power pole, hydro pole, telegraph pole, or telegraph post. Rising demand for these poles in the electricity sector is expected to be the major driving factor for the global utility poles market during the forecast period. Moreover, the industry have witnessed an increased demand from telecommunication sector. In addition, energy distribution and energy transmission are fundamental applications of utility poles that play a crucial role in network maintenance. Countries with higher population density and increasing electricity access rates have been generating higher demand for utility poles.
Based on type the global utility poles market is bifurcated into new deployment and replacement. Currently new deployment segment dominates the market. However, replacement segment is expected to witness increased demand owing to governments initiative to transform the energy sector.
Based on Material, the market is bifurcated into Steel Poles, Wooden Poles, Concrete Poles, Composite Poles. Currently, steel and wood poles segment dominates the market. However, Composite poles segment is expected to witness rapid growth owing to the benefits associated with composite materials.
Based on size, the market is bifurcated into >40 Feet poles, 40-70 Feet poles, Above 70 Feet poles. Currently, XX segment dominates the market, however XX segment is expected to witness high demand during the forecast period
Based on application the market is segmented into Electricity Transmission & Distribution Poles, Street Lighting, Telecommunication, Others. In 2020, Electricity Transmission & Distribution Poles segment dominated the market
For better understanding of the market, the report provides detail analysis for major region and country including North America (US, Canada, rest of North America); Europe (Germany, UK, France, Spain, rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific) and Rest of World. Currently North America dominated the market and is expected to maintain its dominance throughout the forecast period. However, Asia-Pacific is expected to witness highest CAGR growth during the forecast period.
Some of the major companies operating in the global marine engine market includes Valmont Industries Inc., Stella-Jones, Pelco products Inc., RS Technologies Inc., FUCHS Europoles GmbH, Hill & Smith Holdings PLC, Nippon Concrete Industries Co. Ltd., Skipper Ltd, El Sewedy Electric Company, Omega Factory