Prominent players in distribution lines and poles market, including Stella Jones, ZTT, Riyadh Cables, Pelco, Bell Lumber and Pole have upped their investments in research and development activities in the industry.
Replacement of ageing power grid infrastructure and relentless investments towards modernization will fuel the distribution lines and poles market growth. According to the U.S. Energy Information Administration (EIA), electricity distribution systems across the United States witnessed investment of around US$ 51 billion in 2017.
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Nonetheless, soaring per capita electricity consumption linked to rising popularity of HVAC appliances is expected to act as catalyst in the growth of market size.
Distribution lines and poles market size will likely surpass US$ 100 billion by 2025. Robust growth of the industry is mainly attributed to burgeoning population and palpable efforts towards electrification. For instance, Government of India (GoI) spent around US$ 3.6 billion for rural electrification. Spearheaded by GOI’s excellent efforts towards electrification, India has witnessed huge transformation over the last decade with the prevalence of grid.
While developing regions are at the cusp of energy transformation, North America is expected to expand exponentially against the backdrop of investment growth towards substitution and refurbishment of aging distribution infrastructure. According to the Wisconsin Economic Development Corporation (WEDC), as Canada vies to renew and upgrade its aging grid infrastructure, the country will need investment worth US$ 350 billion in a time span of 20 years beginning from 2017. As such, favorable scenario stemming from North America has instilled confidence among players in distribution lines and poles market.
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MEA is expected to offer lucrative opportunity to players eyeing to expand their footholds. For instance, World Bank gave nod to a loan of US$ 0.35 billion to the Government of Nigeria for Nigeria Electrification Project (NEP) in 2018.
Based on voltage, the ≤11 kV distribution lines and poles market share may expand at a CAGR of over 4% through 2025. Global Market Insights, Inc., attributes sustained electricity demand from residential and commercial as an instrumental factor in the prevalence of ≤11kV sub-segment. Prominently, MDPI in 2018 forecast the annual consumption of electricity emanating from Nigeria residential sector to be pegged at 61 TWh/year in 2030—50% surge from 2015. Meanwhile, demand growth for 11-33 kV sub-segment will emanate from manufacturing and commercial sectors.
Steel distribution lines and poles industry will gain impetus from standard quality, propelled service life, high strength and light weight. Moreover, subtle impact on environment along with its immunity to fire, rodents and rotting have made steel highly sought-after in the distribution lines and poles industry. Nonetheless, Global Market Insights, Inc. predicts annual installation of steel distribution lines and poles size to surpass 30 million units by 2025. According to American Iron and Steel Institute (AISI), more than 300 utilities across the U.S. deployed steel poles.
On the basis of product, aerial bunched cable (ABC) sub-segment will grow exponentially owing to better adaptability, high reliability, safe operation and huge current carrying capacity. Moreover, rampant urbanization has signified the importance of ABCs in distribution systems.
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