UtilityPole Market is expected to reach $53.3 billion by 2025 – An exclusive market research report by Lucintel

April 07 17:55 2022
UtilityPole Market is expected to reach $53.3 billion by 2025 - An exclusive market research report by Lucintel
Trends and Forecast for the Global Utility Pole Market
Trends, opportunities and forecast in utility pole market to 2025 by application type (transmission and distribution), material (steel, concrete, wood, and composite), size (below 40 feet, 40 to 70 feet, and above 70 feet), type (new and replacement), and region (North America, Europe, Asia Pacific, and the Rest of the World

Lucintel’s latest market report analyzed that utility pole provides attractive opportunities in the electric transmission and distribution sector. The utility pole market is expected to reach $53.3 billion by 2025 with a CAGR of 3.8%. In this market, steel is the largest segment by material, whereas distribution is largest by application. The wider use of transmission monopoles and increased usage of composite poles in transmission and distribution provides strategic growth path in this market.

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Based on material, the utility pole market is segmented into steel, concrete, wood, and composite. The steel segment accounted for the largest share of the market in 2020 due to its high durability and low maintenance and wind energy industries and composite poles is expected to register the highest CAGR during the forecast period, because they offer rot and corrosion resistance, minimal maintenance, easy installation, and superior strength-to-weight ratio.

Browse in-depth TOC on “Utility Pole Market”

112 – Tables

146 – Figures

215 – Pages

The utility pole market is marked by the presence of several big and small players. Some of the prominent players offering utility pole include Valmont Industries, KEC International, Qingdao, Skipper, Stella Jones, Europoles, Elsewedy Electric, and Nippon Concrete Industries Co Ltd. and others

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

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