DALLAS, TX / ACCESSWIRE / January 25, 2021 / 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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $48.3 billion by 2025 with a CAGR of 2% to 3% from 2020 to 2025. The major growth drivers for this market are increasing power generation capacity, growing transmission and distribution infrastructure, and replacement of aging networks.
Browse 112 market data tables and 134 figures spread through 212 pages and in-depth TOC on "Global Utility Pole Market"
To download report brochure, please go to https://www.lucintel.com/utility-pole-market.aspx and click "report brochure" tab from the menu.
In this market, different types of utility pole such as steel, concrete, wood, and composite are used as material. 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, Nippon Concrete Industries Co. Ltd., and others are among the major utility pole manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global utility pole market by application, material, size, type, and region and has come up with a comprehensive research report entitled "Growth Opportunities in the Global Utility Pole Market 2020-2025: Trends, Forecast, and Opportunity Analysis." The Lucintel report serves as a catalyst for growth strategy as it provides a 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 2014 to 2025]:
By Material [Value ($ Million) and Volume (Thousand Units) from 2014 to 2025]:
By Size [Value ($ Million) and Volume (Thousand Units) from 2014 to 2025]:
- Below 40 ft.
- 40-70 ft.
- Above 70 ft
By Type [Value ($ Million) and Volume (Thousand Units) from 2014 to 2025]:
By Region [Value ($ Million) and Volume (Thousand Units) from 2014 to 2025]:
- North America
- United States
- United Kingdom
- Asia Pacific
- The Rest of the World
This 212-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 click on this link email@example.com.
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.
Dallas, Texas, USA
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