Utility Poles Market Report, Segmentation by Product Type, End User, Regions, Top Key Players, Growth Segments and Forecast to 2027

 A comprehensive overview of the Global Utility Poles Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Utility Poles market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Global Utility Poles Market at regional and country levels. The Global Utility Poles Market is expected to grow at a CAGR of X% from 2021-2027 to reach USD X billion by 2027.

Market Overview

Since 1998, close to one million steel distribution poles have been installed and are now being used by over 600 of 3,100 US electric utilities. In September 2020, Viance, an innovator in the wood preservation, and A Meredith Schneider Co. (AMS) and William C. Meredith Co. (WCM), a 5th generation producer of treated wood utility poles for telecommunication industries, entered into a strategic agreement to produce & distribute ‘UltraPole NXT’ poles that are treated with The Federal Government Data Center Optimization Initiative (DCOI) to most US markets by using Southern Yellow Pine poles. Improvement in transmission & distribution network and growing investment in the power sector are the significant factors expected to accelerate the market growth in the coming years. In North America, 44.3% of the total electricity generation capacity was derived from natural gas. Rising number of factories across various industries is the major factor driving the market for the global electricity transmission/distribution poles market in North America.

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COVID-19 Impact

During the Covid-19 pandemic in the early 2020, majority of the countries and region witnessed a country wide lockdown. This has impacted the overall demand for electricity. Global a decline of almost 10% in the overall demand of electricity was witnessed in 2020. Majority of decline was witnessed in the industrial sector, where countries had imposed shut down of manufacturing facilities to reduce the spread of Covid-19. However, demand for electricity is expected to come to normal post 2020. China and India are expected to witness highest demand growth for electricity. This is expected to drive the market for utility poles for electricity transmission and distribution.

Global Utility Poles Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Type, the market is primarily bifurcated into:

·       New Deployment

·       Replacement

Current, New Deployment segment dominates the market, owing to its increased demand from the Utility companies for electric distribution and transmission, owing to increasing urban population and ever-growing industrial sector.

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By Material, the market is mainly segmented into:

·       Steel Poles

·       Wooden Poles

·       Concrete Poles

·       Composite Poles

In 2020, Steel and Wood poles dominated the market. However, immergence of composite material poles is expected to witness high growth during the forecast period 2021-2027.

By Size, the market is mainly segmented into:

·       >40 Feet

·       40-70 Feet

·       Above 70 Feet

In 2020, 40-70 Feet segment dominated the market, owing to increase demand for 40-70 Feet among the telecom sectors.

By Application, the market is mainly segmented into:

·       Electricity Transmission & Distribution Poles

·       Street Lighting

·       Telecommunication

·       Others

In 2020, Electricity Transmission & Distribution Poles segment dominated the market. However, demand for utility poles from the telecom sector is expected to witness high growth during the forecast period.

Global Utility Poles Market Geographical Segmentation Includes:

·       North America (United States, Canada, Rest of North America)

·       Europe (Germany, UK, France, Spain, Rest of Europe)

·       Asia-Pacific (China, Japan, India, Australia, Rest of APAC)

·       Rest of World

Based on the estimation, North America and Asia-Pacific dominated the market in 2020. Asia Pacific with countries such as China, Japan, South Korea, India, Australia among others is expected to witness high demand for utility poles owing to growing urban population and industrial sector in the region.

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The major players targeting the 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

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Global Utility Poles Market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

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Key questions resolved through this analytical market research report include:

·       What are the latest trends, new patterns, and technological advancements in the Global Utility Poles Market?

·       Which factors are influencing the Global Utility Poles Market over the forecast period?

·       What are the global challenges, threats, and risks in the Global Utility Poles Market?

·       Which factors are propelling and restraining the Global Utility Poles Market?

·       What are the demanding global regions of the Global Utility Poles Market?

·       What will be the market size in the upcoming years?

·       What are the crucial market acquisition strategies and policies applied by the companies?

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