Utility Poles Market: Current Analysis and Forecast (2021-2027)
$4999 – $8699
Emphasis on Type (New Deployment, Replacement); Material (Steel Poles, Wooden Poles, Concrete Poles, Composite Poles); Size (<40 Feet, 40-70 Feet, >70 Feet); Application (Electricity Transmission & Distribution Poles, Street Lighting, Telecommunication, Others); and Region/Country
Utility Poles Market was valued at US$ 45 billion in 2020 and is expected to grow at a CAGR of 3% over the forecast period (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 has 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.
Global Change in electricity demand in 2020 and 2021 by region (%)
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.
Insights Presented in the Report
“Amongst Type, new deployment segment dominated the market in 2020.”
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. As per a recent findings an estimated 2.5 million wood poles are replaced annually globally.
“Amongst Material, Steel and Wood Poles segment dominated the market in 2020.”
Based on Material, the market is bifurcated into Steel Poles, Wooden Poles, Concrete Poles, Composite Poles. Currently, steel and wood poles segment dominate the market. However, Composite poles segment is expected to witness rapid growth owing to the benefits associated with composite materials. Wood is the pioneering material used in the utility pole production; therefore, it is highly adopted in the utility poles.
“Amongst Size, 40-70 Feet poles segment dominates the market in 2020.”
Based on size, the market is bifurcated into >40 Feet poles, 40-70 Feet poles, Above 70 Feet poles. Currently, 40-70 Feet poles segment dominates the market. Increase in the size of the pole offers the ability to handle greater load tension.
“Amongst Application, Electricity Transmission & Distribution Poles segment dominated the market in 2020.”
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. Increase in global energy needs, results in energy generation activities where electricity is mainly transported and then distributed.
“Asia-Pacific represents as the largest markets in the Global Utility Poles Market.”
For a better understanding of the market adoption, report provide detailed analysis for major region and countries 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 APAC), and Rest of World. 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. Some of the major companies profiled in the report 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.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country level analysis of the industry
The Global Utility Poles Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
|1.1. Market Definitions|
|1.3. Stake Holders|
|1.4. Currency Used in Report|
|2.1. Research Methodology for the Global Utility Poles Market|
|2.1.1.Main Objective of the Global Utility Poles Market|
|3||MARKET SYNOPSIS (INDUSTRY AT A GLANCE)|
|5. GLOBAL UTILITY POLES MARKET AMID COVID-19|
|6. GLOBAL UTILITY POLES MARKET REVENUE (USD BN), 2019-2027F|
|7.1. New Deployment|
|8.1. Steel Poles|
|8.2. Wooden Poles|
|8.3. Concrete Poles|
|8.4. Composite Poles|
|9.1. >40 Feet|
|9.2. 40-70 Feet|
|9.3. Above 70 Feet|
|10.1. Electricity Transmission & Distribution Poles|
|10.2. Street Lighting|
|11.1. North America Utility Poles Market|
|11.1.1. United States|
|11.1.3. Rest of North America|
|11.2. Europe Utility Poles Market|
|11.2.2. United Kingdom|
|11.2.5. Rest of Europe|
|11.3. Asia Pacific Utility Poles Market|
|11.3.5. Rest of Asia-Pacific|
|11.4. Rest of World Utility Poles Market|
|12.1. Market Drivers|
|12.2. Market Challenges|
|12.3. Impact Analysis|
|13. UTILITY POLES MARKET OPPORTUNITIES|
|14. UTILITY POLES MARKET TRENDS|
|15. LEGAL & REGULATORY FRAMEWORK|
|16.1. Demand Side Analysis|
|16.2. Supply Side Analysis|
|16.2.1. Top Product Launches|
|16.2.2. Top Business Partnerships|
|16.2.3. Top Business Expansions, Investments and Divestitures|
|16.2.4. Top Merger and Acquisitions|
|17. VALUE CHAIN ANALYSIS|
|18.1. Porter’s Five Forces Analysis|
|18.1.1. Bargaining power of Supplier|
|18.1.2. Bargaining power of Buyer|
|18.1.3. Industry Rivalry|
|18.1.4. Availability of Substitute|
|18.1.5. Threat of new Entrants|
|18.2. Competitive Landscape|
|18.2.1. Company Shares, By Revenue|
|19.1. Valmont Industries Inc.|
|19.3. Pelco products Inc.|
|19.4. RS Technologies Inc|
|19.5. FUCHS Europoles GmbH|
|19.6. Hill & Smith Holdings PLC|
|19.7. Nippon Concrete Industries Co. Ltd.|
|19.8. Skipper Ltd|
|19.9. El Sewedy Electric Company|
|19.10. Omega Factory|
Research Methodology for Global Utility Poles Market Analysis (2020-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Utility Poles were the three major steps undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Utility Poles industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Utility Poles market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Utility Poles market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. Major segments included in the report are by type, material, size, application. Further regional and country-level analyses were conducted to evaluate the overall adoption of the Utility Poles globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Utility Poles. Further, we conducted factor analysis using dependent and independent variables such as growing industrial sector, growing demand for electricity due to growing urban population etc. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, and product launches in the Utility Poles industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Global Utility Poles market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of Utility Poles across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Utility Poles market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Global Utility Poles market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, material, size and application.
The main objective of the Utility Poles Market Study
The current & future market trends of Global Utility Poles were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of Utility Poles in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, material, size and application
- Defined analysis of the regulatory framework for the Utility Poles industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Utility Poles for the major countries
- Major regions/countries analyzed in the report includes 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
- Company profiles of the Utility Poles market players and the growth strategies adopted by them to sustain in the fast-growing market
Deep dive country level analysis of the industry