According to a new market report published by Lucintel,
the future of the global utility pole market looks promising with opportunities
in the electric transmission and distribution sector. The global utility pole
market is expected to reach an estimated $52.1 billion by 2024 with a CAGR of 4.1%
from 2019 to 2024. The major growth drivers for this market are increasing
power generation capacity, growing transmission and distribution
infrastructure, and replacement of aging networks.
In this market, steel, concrete, wood and composite are the materials used for manufacturing utility
poles. On the basis of comprehensive
research, Lucintel forecasts that steel will remain the largest material segment over
the forecast period due to its high durability and low maintenance. Lucintel
predicts that composite poles are expected to witness the highest growth during
the forecast period because they offer rot and corrosion resistance, minimal
maintenance, easy installation, and superior strength-to-weight ratio.
Within the global utility pole market,
distribution will remain the largest application over the forecast period due
to increasing electrification of remote areas in developing economies.
Asia Pacific will remain the largest market
and it is also expected to witness the highest growth over the forecast period due
to increasing investments in the power sector and improvement in the
transmission and distribution networks in developing nations, particularly as
China and India.
Emerging trends which have a direct impact on
the dynamics of the market include wider use of transmission monopoles and
increased usage of composite poles in transmission and distribution. Valmont Industries, KEC International, Qingdao, Skipper, Stella Jones, Europoles, Elsewedy Electric, and Nippon Concrete
Industries Co Ltd. are among the major suppliers of utility poles.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global utility pole market by application,
material, size, type, and region, and has compiled a comprehensive research
report entitled “Growth Opportunities
in the Global Utility Pole Market 2019-2024.” The Lucintel report
serves as a catalyst for growth strategy by providing comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast for
the global utility pole market by
application, material, size, type, and region, as follows:
By Application [Value ($ Million) and Volume (Thousand Units) from 2013
to 2024]:
· Transmission
· Distribution
By Material [Value
($ Million) and Volume (Thousand Units) from 2013 to 2024]:
· Steel
· Concrete
· Wood
· Composite
By Size [Value
($ Million) and Volume (Thousand Units) from 2013 to 2024]:
· Below 40 ft.
· 40-70 ft.
· Above 70 ft.
By Type [Value
($ Million) and Volume (Thousand Units) from 2013 to 2024]:
· New
· Replacement
By Region [Value
($ Million) and Volume (Thousand Units) from 2013 to 2024]:
· North America
− United States
− Canada
− Mexico
· Europe
− United Kingdom
− Spain
− Italy
· APAC
− China
− India
· ROW
− Brazil
This
215-page 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 helpdesk@lucintel.com.
Lucintel offerings include Energy Market Report, Energy Industry, Due Diligence, Capital Investment Analysis and Strategic Growth Consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q. 1. What are some of the most promising,
high growth opportunities for the global utility pole market 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)?
Q. 2. Which product segment will grow at a
faster pace and why?
Q. 3. Which region will grow at a faster pace
and why?
Q.4. What are the key factors affecting market
dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this
market and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the
market and which companies are leading these developments?
Q.9. Who are the major players in this
market? What strategic initiatives are being taken by key companies for
business growth?
Q.10. What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
product substitution?
Q. 11. What M&A activity has occurred in
the last 5 years?
