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Global Utility Poles Market is Expected to be Worth USD 70.1 Billion by 2030, Making Up a CAGR of 3.8%

December 19, 2022

Portland, OR, Dec. 19, 2022 (GLOBE NEWSWIRE) -- According to Zion Market Research has published a new research report titled “Utility Poles Market By Type (Distribution Poles And Transmission Poles), By Pole Size (Below 40ft, Between 40 & 70ft, And Above 70ft), By End-User (Electricity Transmission & Distribution, Telecommunication, Street Lighting, Heavy Power Lines, And Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030” in its research database. “According to the latest research study, the demand of global Utility Poles Market size & share in terms of revenue was valued at USD 46 billion in 2021 and it is expected to surpass around USD 70.1 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 3.8% during the forecast period 2022 to 2030.” What are Utility Poles? How big is the Utility Poles Industry? Utility Poles Report Coverage & Overview: Utility pole is a kind of column or post made up of wood for supporting overhead power lines as well as other public utilities including fiber optic cables, electric cables, transformers, and street lights. In addition to this, utility poles are also referred by hydro poles, telephone poles, transmission poles, and telecommunication poles. Reportedly, utility poles are utilized for carrying two kinds of electric power lines, namely, sub-transmission lines and distribution lines. Click Here To Access Free Sample Report of the Global Utility Poles Market @ https://www.zionmarketresearch.com/sample/utility-poles-market (A free sample of this report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the Following: Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.The COVID-19 Pandemic Outbreak Impact Analysis is included in the packageAbout 235+ Pages Research Report (Including Recent Research)Provide detailed chapter-by-chapter guidance on RequestUpdated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022Includes Tables and figures have been updatedThe most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Zion Market Research research methodology (Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.) Global Utility Poles Market: Growth Dynamics The swift growth of the global utility poles industry over the forecast period can be attributed to the surge in use of power, expansion of telecommunication sector, and huge demand for steel as an eco-friendly product. In addition to this, the need for strong utility infrastructure for fulfilling energy requirements of the increasing population has enhanced the demand for utility poles. Apart from this, the massive penetration of utility poles in street lighting, power distribution, and sub-transmission units will boost global utility pole market trends. However, large-scale use of underground cables and wiring is likely to inhibit the growth of the global industry. Furthermore, the strict execution of laws pertaining to deforestation is projected to prove a big challenge for the global market in the ensuing years. Nonetheless, the evolution of composite utility poles demonstrating excellent features along with their cost-efficiency will offer new growth opportunities for the global market. Directly Purchase a copy of the report with TOC @ https://www.zionmarketresearch.com/buynow/su/utility-poles-market Utility Poles Market: Segmentation Analysis The global utility poles market is divided into type, pole size, end-user, and region.  On basis of type, the global utility poles industry is sectored into transmission poles and distribution poles. Moreover, the distribution poles segment is expected to dominate the growth of the global market in the upcoming years due to the growing demand for power supply with an increasing population. Based on pole size, the global utility poles market is divided into below 40ft, between 40 & 70ft, and above 70ft. Furthermore, the between 40 & 70ft segment accounted for the highest revenue share of the global market in 2021. The growth of the segment is attributed to the large-scale use of these poles in power distribution and power transmission applications. Furthermore, massive penetration of these poles in the telecom industry will proliferate segmental growth in the years to come. In addition, a rise in broadband users is predicted to enhance the popularity of poles of size between 40 ft and 70 ft. In terms of end-user, the electricity transmission & distribution segment contributed majorly towards the global market share in 2021. The growth of the segment over the forecasting period can be credited to a rise in the power requirements leading to demand for power-generating activities across the globe. The global Utility Poles market is segmented as follows: By Type Distribution PolesTransmission Poles By Pole-Size Below 40ftBetween 40ft and 70ftAbove 70ft By End-use Electricity Transmission and distributionTelecommunicationStreet lightingHeavy Power LinesOthers Browse the full “Utility Poles Market By Type (Distribution Poles And Transmission Poles), By Pole Size (Below 40ft, Between 40 & 70ft, And Above 70ft), By End-User (Electricity Transmission & Distribution, Telecommunication, Street Lighting, Heavy Power Lines, And Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030” Report at https://www.zionmarketresearch.com/report/utility-poles-market Competitive Landscape Some of the main competitors dominating the global Utility Poles market include -  Valmont IndustriesSkipper LtdNippon Concrete industriesHill & Smith HoldingsStella-Jones IncFuchs Europoles GmbhOmega FactoryPelco ProductsRS Technologies INC Key Insights from Primary Research: According to the analysis shared by our research forecaster, the Utility Poles market is likely to expand at a CAGR of around 3.8% during the forecast period (2022-2030).In terms of revenue, the Utility Poles market size was valued at around US$ 46 billion in 2021 and is projected to reach US$ 70.1 billion by 2030.The market is projected to expand at a significant rate due to rise in energy usage, expansion of the global telecommunication sector, and approval of steel as a green materialBased on type, distribution poles segment accounted for the largest market share in the year 2021On basis of end-user, the electricity transmission & distribution segment was the leading segment in 2021On the basis of region, the North American region is predicted to be a key revenue generator for the global market over the forecast period Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/utility-poles-market Key questions answered in this report: What is the market size and growth rate forecast for Utility Poles industry?What are the main driving factors propelling the Utility Poles Market forward?What are the leading companies in the Utility Poles Industry?What segments does the Utility Poles Market cover?How can I receive a free copy of the Utility Poles Market sample report and company profiles? Key Offerings: Market Size & Forecast by Revenue | 2022−2030Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment OpportunitiesMarket Segmentation – A detailed analysis By Type, By Pole-Size, By End-use and By Region Competitive Landscape – Top Key Vendors and Other Prominent Vendors Request for Customization on this Report as per your requirements - https://www.zionmarketresearch.com/custom/6956 (We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.) Regional Analysis: The North American region is predicted to dominate the global utility poles market share over the next eight years. The growth of the utility poles market in North America can be attributed to rise in usage of electricity in the countries such as the U.S. and Canada leading to rise in the installation of utility poles in the region. Moreover, the growing demand for power supply by various industries and consumers for commercial and residential activities will prompt regional market growth. However, the Asia-Pacific region is predicted to record the fastest growth over the forecast timeline. The regional market growth can be attributed to the growing demand for utility poles from the telecom sector and the massive demand for electricity due to the rapidly growing population in countries such as India, China, Japan, Thailand, and Indonesia. By Region North America U.S.CanadaRest of North America Europe FranceUKSpainGermanyItalyRest of Europe Asia Pacific ChinaJapanIndiaSouth KoreaRest of Asia Pacific The Middle East & Africa Saudi ArabiaSouth AfricaRest of the Middle East & Africa Latin America BrazilArgentinaRest of Latin America Recent Developments In July 2022, Kansai Electric Power Company in Japan decided to demonstrate smart poles which are its multifunctional utility poles during Expo 2025. Reportedly, these products are undergoing testing and are embedded with next-gen drone functions and it includes lost child search tools. The move will contribute majorly towards the growth of the utility poles market across both Asia and globally. Report Scope Report AttributeDetailsMarket Size in 2021USD 70.1 billionProjected Market Size in 2030USD 70.1 billionCAGR Growth Rate3.8% CAGRBase Year2021Forecast Years2022-2030Key Market PlayersValmont Industries, Skipper Ltd, Nippon Concrete industries, Hill & Smith Holdings, Stella-Jones Inc, Fuchs Europoles Gmbh, Omega Factory, Pelco Products, and RS Technologies INC.Key SegmentBy Type, By Pole-Size, By End-use and By RegionMajor Regions CoveredNorth America, Europe, Asia Pacific, Latin America, and the Middle East &, AfricaPurchase OptionsRequest customized purchase options to meet your research needs. Explore purchase options To know an additional revised 2022 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/utility-poles-market FREQUENTLY ASKED QUESTIONS Which Key factors will influence Utility Poles market growth over 2022-2030?What will be the value of the utility poles market during 2022 – 2030?Which region will contribute notably towards the utility poles market value?What are the major players leveraging the global utility poles market growth? Browse Other Related Research Reports from Zion Market Research: IoT in Utility Market: https://www.zionmarketresearch.com/report/iot-in-utility-market Utility Bill Management System Market: https://www.zionmarketresearch.com/report/utility-bill-management-system-market Solid-State Lighting Market: https://www.zionmarketresearch.com/report/solid-state-lighting-market Forklift Battery Market: https://www.zionmarketresearch.com/report/forklift-battery-market U.S. Utility Terrain Vehicle Market: https://www.zionmarketresearch.com/report/us-utility-terrain-vehicle-market Automotive Fuel Cell Market: https://www.zionmarketresearch.com/report/automotive-fuel-cell-market About Zion Market Research: Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. 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