Lucintel’s latest market report analyzed that utility pole provides attractive opportunities in the electric transmission and distribution sector. The utility pole market is expected to reach $53.3 billion by 2025 with a CAGR of 3.8%. In this market, steel is the largest segment by material, whereas distribution is largest by application. The wider use of transmission monopoles and increased usage of composite poles in transmission and distribution provides strategic growth path in this market.
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Based on material, the utility pole market is segmented into steel, concrete, wood, and composite. The steel segment accounted for the largest share of the market in 2020 due to its high durability and low maintenance and wind energy industries and composite poles is expected to register the highest CAGR during the forecast period, because they offer rot and corrosion resistance, minimal maintenance, easy installation, and superior strength-to-weight ratio.
Browse in-depth TOC on “Utility Pole Market”
112 – Tables
146 – Figures
215 – Pages
The utility pole market is marked by the presence of several big and small players. Some of the prominent players offering utility pole include Valmont Industries, KEC International, Qingdao, Skipper, Stella Jones, Europoles, Elsewedy Electric, and Nippon Concrete Industries Co Ltd. and others
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