Gain a competitive edge with this Utility Poles Market Research Report that provides a comprehensive overview of the current market, including key trends, growth prospects, and competitive landscape. It also offers valuable insights into how to optimize your marketing campaigns and improve customer experiences based on the latest industry developments.
The latest research study on the global Utility Poles market finds that the global Utility Poles market reached a value of USD 45091.62 million in 2022. It’s expected that the market will achieve USD 56237.3 million by 2028, exhibiting a CAGR of 3.75% during the forecast period.
A utility pole is a column or post used to support overhead power lines and various other public utilities, such as electrical cable, fiber optic cable, and related equipment such as transformers and street lights. It can be referred to as a transmission pole, telephone pole, telecommunication pole, power pole, hydro pole, telegraph pole, or telegraph post, depending on its application. A Stobie pole is a multi-purpose pole made of two steel joists held apart by a slab of concrete in the middle, generally found in South Australia.The epidemic has a certain impact on the industryThe sudden global outbreak of COVID-19 has a great impact on the utility poles industry, and a large number of utility pole manufacturers are under great pressure. There are many factors leading to the trough of utility poles. First, the tightening of the national power grid and the national economic downturn have led to the reduction and delay of the construction of power communication lines, and the slow-sale of cement poles. Affected by the increase in the price of raw materials, the profit of telegraph poles has tightened, and the profit of producing a cement telegraph pole is meager. Secondly, due to strict epidemic prevention and control, most manufacturers are in a state of suspension. Moreover, after the epidemic, land rent and taxation followed. Due to the epidemic, production was suspended for three months. After the epidemic, the utility poles industry experienced a trough.Increased demand for energy transmission and energy distributionSome of the factors driving the growth of the utility pole market include the growth of global energy consumption. Utility poles are mainly used to support and connect wires that carry current. Technological progress and the increase in the availability of machinery and electrical appliances have led to an increase in power consumption. At the same time, the access of fixed telephone service, and the popularization and equality method provide broadband service for most residents of the country. All need to be achieved by using telegraph poles. As a result, this leads to an increase in the demand for utility poles, which are used to transmit and distribute electricity to customers. Therefore, energy transmission is the main application of utility poles, and they play an important role in supporting utility infrastructure and meeting demand.Surging demand, but lack of supervision systemWith the construction of power grids in relatively underdeveloped regions in developing countries, the market demand for utility poles has blown out. Due to changes in supply and demand, the barriers to market access have been lowered. Some companies that have never been involved in or were previously engaged in low-end products (utility poles) have also joined the army of national power grid transformation. In a short time, local electric pole production enterprises Sprung. What followed was that many companies due to improper equipment configuration, insufficient management and maintenance capabilities, resulting in the newly put into operation of the equipment soon after the state fell and the product quality could not be guaranteed, and a large number of inferior power poles were applied to overhead transmission and transformation line projects , Leaving a great safety hazard to the operation of the State Grid, but also detrimental to the healthy development of the industry.
In global comparison, a significant portion of the revenue was generated in Asia Pacific (42.95% in 2021).
Valmont Utility is one of the major players operating in the Utility Poles market, holding a share of 1.87% in 2022.Valmont UtilityValmont Utility designs and manufactures poles, towers, and structures for lighting, communication, and utility markets and provides protective coating services for infrastructure. The Company also manufactures and distributes industrial and agricultural irrigation products in addition to a wide variety of fabricated products for commercial and industrial applications.Stella-Jones CorporationsStella-Jones is North America’s leading producer of industrial pressure-treated wood products. Responding to the vital infrastructure needs of its economy, Stella-Jones manufacture and distribute railway ties, utility poles, residential lumber and industrial wood products across the continent.
As for product types, the Concrete Poles segment held the largest market share in 2021.
By application, the Subtransmission Lines segment occupied the biggest share from 2017 to 2022.Power Lines Overhead power lines are used to transmit and distribute electrical power across long distances, forming a power or national grid. Steel tower structures, pylons or wooden poles suspend electricity-carrying conductors across a range of operating voltages.Business and residential consumers are normally supplied by high, medium and low voltage lines that are categorized depending on their destinations. High voltage transmission lines are considered to be from 69KV up to around 100KV for bulk transmission to large consumers. Medium voltage sub-transmission lines are between 1KV and 69KV for distribution in urban and rural areas. Low voltage distribution lines are below 1KV and likely destined for residential or small business consumers.Subtransmission Lines Subtransmission lines carry voltages reduced from the major transmission line system. Typically, 34.5 kv to 69 kv, this power is sent to regional distribution substations. Sometimes the subtransmission voltage is tapped along the way for use in industrial or large commercial operations.The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Utility Poles market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives. For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors. As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain Challenges, among other essential research elements are all covered.
This report provides an overview of the global Utility Poles market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Utility Poles and its sub-markets in an intuitive way.
This Utility Poles MarketResearch Report offers a thorough examination and insights into the market's size, shares, revenues, various segments, drivers, trends, growth, and development, as well as its limiting factors and local industrial presence. A thorough understanding of the Services sector and its commercial potential is the aim of the market study. The Utility Poles Market Report is 107 pages long and includes a detailed table of contents, a list of numbers, tables, and charts, and in-depth analysis.
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Among the Top Manufacturers in the Utility Poles business are:
These major players are adopting several strategies such as product launch, merger and acquisition, acquisition, joint venture, and partnership to create brand identity in the market.
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By Product Type:
The countries section of the research includes selected market variables that drive current and future market developments. Consumption, import/export analysis, material prices, and upstream and downstream value chain analysis are some indicators utilized to estimate each country's market position.
This section of the research provides essential insights into different geographies and, as a result, the major corporations functioning in each region.
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The epidemic is still causing tremendous disruption in industries throughout the world. We've been tracking the direct and indirect consequences of the COVID-19 outbreak on the Utility Poles market. To Know How Covid-19 Pandemic will Impact this Industry - https://www.precisionreports.co/enquiry/request-covid19/23489116
Table of Contents:
With tables and figures to help analyze the global Utility Poles market trends, this study provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
1. Market Definition and Statistical Scope
1.1 Objective of the Study
1.2 Utility Poles Market Definition
1.3 Market Scope
1.3.1 Market Segmentation by Type, Downstream Industry and Marketing Channel
1.3.2 Major Geographies Covered (North America, Europe, Asia Pacific, Middle East and Africa, Latin America)
1.4 Years Considered for the Study (2018-2029)
1.5 Currency Considered (US-Dollar)
2. Research Findings and Conclusion
3 Key Companies Profile
3.1 Competitive Profile
3.1.1 Global Sales and Market Share by Companies
3.1.2 Global Revenue and Market Share by Companies
4. Global Utility Poles Market Segmented by Type
4.1 Global Sales, Revenue and Growth Rate by Type 2018-2023
5 Global Utility Poles Market Segmented by Downstream Industry
5.1 Global Sales, Revenue and Growth Rate by Downstream Industry 2018-2023
6 Utility Poles Industry Chain Analysis
6.1 Value Chain Status
6.2 Upstream Raw Material Analysis
6.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
6.5 Downstream Major Customer Analysis (by Region)
6.6 Value Chain Under Regional Conflicts
7. The Development and Dynamics of Utility Poles Market
7.1 Driving Factors of the Market
7.2 Factors Challenging the Market
7.3 Opportunities of the Global Market (Regions, Growing/Emerging Downstream Market Analysis)
7.4 Technology Status and Developments
7.5 Industry News
7.6 Market Investment Scenario Strategic Recommendations
7.7 COVID-19 Impact on Industry
7.8 Industry SWOT Analysis
8 Global Utility Poles Market Segmented by Geography
8.1 Global Revenue and Market Share by Region 2018-2023
8.2 Global Sales and Market Share by Region 2018-2023
9 North America
9.1 North America Sales, Price, Revenue, Gross Margin and Gross Analysis from 2018-2023
9.2 North America Sales Analysis from 2018-2023
9.3 North America Import and Export from 2018-2023
9.4 North America Market by Country
10.1 Europe Sales, Price, Revenue, Gross Margin and Gross Analysis from 2018-2023
10.2 Europe Sales Analysis from 2018-2023
10.3 Europe Import and Export from 2018-2023
10.4 Europe Market by Country
11 Asia Pacific
12 Latin America
13 Middle East and Africa
14. Global Utility Poles Market Forecast by Geography, Type, and Downstream Industry 2023-2029
14.1 Forecast of the Global Market from 2023-2029 by Region
14.2 Global Sales and Growth Rate Forecast by Type (2023-2029)
14.3 Global Sales and Growth Rate Forecast by Downstream Industry (2023-2029)
14.4 Market Forecast Under COVID-19
15.2 Research Data Source
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Drivers, Restrains and Research Methodology:
The research study analyses the key market growth-promoting elements. Fundamental barriers to market expansion result in differing curves for capturing opportunities in developing markets. A significant sample data collecting module was used for the base year's data collection and analysis. The primary research approaches include data mining, data triangulation, market impact analysis, and preliminary validation (industry experts). The data model also incorporates metrics, top-down analysis, supplier engagement analysis, market timeline analysis, market overview and leadership, company positioning grid, company market share analysis, and supplier positioning grid. For further information on this report, please Request a Sample Copy of "Global Utility Poles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029" Here.
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