; Utility poles market size, share, forecast

Utility Poles Market

Utility Poles Market Size, Share, and Analysis, By Type (Transmission Poles and Distribution Poles), By Material (Wood, Steel, Composites, and Concrete), By Pole Size (Below 40ft, Between 40 & 70ft, and Above 70ft), and By Application (Transmission Line, Distribution Line, Telecommunication, Street Lighting, Heavy Power Lines, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

Published on: Jan-2024
Report Code: FG EP 01823
No. of Pages: 170-350
Report Format: PDF

Utility Poles Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 40 billion and is projected to reach USD 70.8 billion by the completion of 2034.

Product Overview

Utility poles, also known as power poles or telephone poles, are tall structures constructed from materials like wood, metal, or concrete. Their main objective is to support overhead power lines, telephone cables, and various utility lines, which makes them an important component of network infrastructure in urban and rural locations. These poles are usually made of treated wood and carefully placed along roadsides or specified locations, serving as a connected grid for transmitting utility services. Their durable construction is intended to withstand harsh weather situations while carrying large cables, along with other elements such as transformers, insulators, and crossarms. Consequently, utility poles play an important role in ensuring the dependability and integrity of essential services. They serve as the foundation of modern infrastructure by providing the connectivity required for our daily lives to function efficiently.

Market Highlights

Utility Poles Market is expected to demonstrate a Compound Annual Growth Rate (CAGR) of 5.3% throughout the forecast period spanning from 2024 to 2034

Utility Poles Market is projected to achieve USD 70.8 billion during the forecast period, owing to increasing urbanization, infrastructure development, and the escalating need for electricity and telecommunication services. This expansion is attributed to significant investments in grid modernization projects and the continuous replacement of aging infrastructure, which promotes the demand for durable utility poles. Furthermore, while wood remains a popular material owing to its low cost and reliability, alternatives such as steel, concrete, and composite materials are gaining popularity due to their tolerance to adverse weather conditions. Moreover, improvements in technology and urban development initiatives are driving substantial market growth in several global regions. Therefore, the industry is expected flourish on various innovation which are focused on developing sturdy and sustainable utility pole that are capable of addressing the evolving needs of infrastructure and utilities.

Source: Fatpos Global

Utility Poles Market Segmentation

Given the significance of utility poles in distribution lines, the Distribution Line segment will rise in popularity

Based on Application, Utility Poles Market is segmented into Transmission  Line, Distribution Line, Telecommunication, Street Lighting, Heavy Power Lines, and Others. The distribution line segment is expected to maintain market dominance owing to its vital role in channeling electricity from local substations to residences, businesses, and industries. Additionally, distribution lines operate at low voltages and extend to a large area, thereby requiring the installation of a greater number of utility poles. Furthermore, the global rise in energy demand due to urbanization and technological innovations, necessitates the creation of a solid distribution networks. Besides, there is a constant requirement for constructing and improving old utility poles which are specifically built for distribution lines. Therefore, these developments along with the efforts to modernize electrical networks contribute to the dominance of distribution line segment in the market.

Wood segment is expected to expand due to its longevity and wide availability

By Material, the Utility Poles Market is divided into Wood, Steel, Composites, and Concrete. The dominance of wood within the utility poles market can be attributed to several key factors. Wood has historically been a preferred material for utility poles due to its easy availability, cost-effectiveness, and simple installation. The inherent strength-to-weight ratio of woods provide the toughness needed to withstand overhead wires, even in extreme climatic conditions. Additionally, wood is widely available and less expensive than alternatives such as steel, concrete, or composites, which may involve additional procurement or installation costs. Furthermore, when treated with preservatives, wood utility poles exhibit natural resistance against decay, insects, and weathering, that enhances their longevity. Therefore, the combination of availability, low cost, and durability solidifies the dominance of wood in the utility poles market.

Source: Fatpos Global

Market Dynamics

Growth Drivers

Rising Demand for Electricity and Telecommunications Services Will Create New Growth Opportunities

Persistent global demand for electricity is increasing due to factors such as urbanization, industrial growth, and technological development. This surge in demand highlights the importance of strong utility pole networks that effectively distribute and transfer power. Simultaneously, the growing availability of telecommunication services, driven by wide internet usage and the rising prevalence of digital devices, promotes the demand for communications infrastructure such as utility poles. Moreover, the constant increase in demand for power and telecommunications services highlights the crucial importance of long-lasting and dependable utility poles across these sectors. Therefore, addressing these demands promote market expansion and encourage various innovations in the industry to efficiently meet these evolving requirements.

Initiatives to Modernize Infrastructure Will Open Up New Growth Prospects

Continuous efforts to modernize and improve infrastructure such as electrical grids and telecommunication networks, are driving the replacement of old utility poles around the world. The main objective of these modernization programs is to improve reliability, efficiency, and adaptability in order to address changing technological demands. This creates a parallel surge in demand for utility poles that are durable and efficient, along with technologically advanced, as per the requirement of modern initiatives. Therefore, manufacturers are forced to innovate poles that can exceed current standards and meet future infrastructure requirements. Hence, this combined push for innovation and adaptability ensures the continuous growth trajectory of utility poles market during the forecast period.

Restraints

Regulations and Environmental Concerns Could Restrain Market Growth

Utility poles play an essential role in infrastructure development, but their production and disposal presents various environmental challenges. The use of treated wood and construction materials raises serious concerns about chemical usage and after-life disposal. Thus, to address these concerns, legislation and strict environmental standards are in place to reduce environmental damage. This presents significant challenge for producers, who seek to balance the requirement for affordable poles with environmental sustainability. Additionally, it is important to embrace eco-friendly production techniques and establish effective disposal strategies in order to address these issues without sacrificing efficiency. Therefore, meeting market demands while adhering to environmental norms is a significant limitation for the utility poles market.

Recent Developments

  • September 2022 - Sparta announced a contract worth around USD 200,000 for the replacement of power poles and wire work to modernize aging infrastructure in the U.K. The initiative involves the substitution of wooden poles with metal ones.
  • August 2022 - KEC International secured new orders valued at USD 13,130 million across various business segments. Notably, its Transmission & Distribution (T&D) division received an order from Power Grid Corporation of India for a 400 kV transmission line in India. Additionally, through its subsidiary in the United Arab Emirates, it secured a contract for supplying towers, hardware, and masts in the Americas via SAE Towers.
  • November 2021 - Stella-Jones Inc. successfully completed the acquisition of Cahaba Pressure Treated Forest Products, Inc.'s shares, valued at USD 66 million, including an estimated working capital of USD 8 million, through its U.S. subsidiary.
  • November 2022 - DDC Member Surankote Shahnawaz Choudhary and JKPCC General Secretary inaugurated the installation of electric poles at Potha in the presence of local authorities from the PDD, including Sarpanch, JE, AEE, and citizens of the area.
  • October 2020 - The WAPA board sanctioned projects aimed at advancing underground electrical systems, composite pole installations, and other initiatives. The board also approved a USD 1.1 million contract with PECO International Electric for materials to support three underground electrical projects in St. Croix.

Utility Poles Market

Key Players:

  • Valmont Industries, Inc.
  • Stella-Jones Inc.
  • Koppers Inc.
  • Irby Utilities
  • Nippon Concrete Industries Co., Ltd.
  • Skipper Limited
  • RS Technologies Inc.
  • Sumitomo Forestry Co., Ltd.
  • Universal Pole Services, Inc.
  • Qingdao Jinwantong International Trade Co., Ltd.
  • Hart Energy
  • Bharat Power Transmission International
  • Geotek
  • China State Grid Corporation
  • Sangdong TNS
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Utility Poles Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific is set to lead the utility poles market due to its growing population and infrastructure development plans. Utility pole demand is driven by the region's focus on upgrading its power and telecommunications networks, as well as large expenditures in these industries. Additionally, countries such as China, India, and Southeast Asian nations are experiencing significant demand for electrical and communication services, particularly in heavily populated urban regions. This surge in demand due to constant economic growth and industrial expansion, establishes Asia Pacific as the dominant force in the utility poles market.

Source: Fatpos Global

Impact of Covid-19 on Utility Poles Market

COVID-19 had a broad effect on the utility poles industry. Initially, supply chain disruptions and project delays caused by uncertainties impacted the manufacturing and delivery of utility poles. However, when countries adjusted to the circumstances, demand eventually saw an increase. The rising dependence on digital connectivity and the shift to remote work encouraged the need for enhanced telecommunication networks, indirectly influencing utility pole demand. Furthermore, safety regulations and changed work practices influenced the installation speed of utility poles. Therefore, despite the hurdles, the market adapted to changing demand as infrastructure projects were gradually resumed. This highlighted the vital role of utility poles market in ensuring the reliability of utility networks, along with flexibility to adjust during the pandemic.

Utility Poles Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Utility Poles Market Scope and Segments:

ATTRIBUTE

  DETAILS

Study Period

2018-2034

Base Year

2023

Forecast Period

2024-2034

Historical Period

2019-2022

Growth Rate

CAGR of 5.3% from 2024-2034

Unit

Value (USD Billion)

Segmentation

Main Segments List

By Type

  • Transmission Poles
  • Distribution Poles

By Material

  • Wood
  • Steel
  • Composites
  • Concrete

By Pole Size

  • Below 40ft
  • Between 40 & 70ft
  • Above 70ft

By Application

  • Transmission Line
  • Distribution Line
  • Telecommunication
  • Street Lighting
  • Heavy Power Lines
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions (FAQ):

Utility Poles Market size was values at USD 40 billion in 2023 and is projected to reach the value of USD 70.8 billion in 2034, exhibiting a CAGR of 5.3% during the forecast period.

The utility poles market involves the manufacturing, distribution, and installation of structures (like wood, metal, or composite poles) supporting power lines, telecommunication cables, and other utilities for transmitting electricity and communication services across urban and rural areas.

The Distribution Line segment and the Wood segment accounted for the largest Utility Poles Market share.

Key players in the Utility Poles Market include Valmont Industries, Inc., Stella-Jones Inc., Koppers Inc., Sumitomo Forestry Co., Ltd., Irby Utilities, Nippon Concrete Industries Co., Ltd., Skipper Limited, RS Technologies Inc., Universal Pole Services, Inc., Qingdao Jinwantong International Trade Co., Ltd., Hart Energy, Bharat Power Transmission International, Geotek, China State Grid Corporation, Sangdong TNS, and Other Prominent Players.

Rising demand for electricity and telecommunications services, along with initiatives to modernize infrastructure are the factors driving the utility poles market.

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