What is Utility Poles Market?
A utility pole is a column or pole used to support overhead power lines and various other applications such as electrical cable, fiber optic cable, and related equipment such as transformers and street lights. It is generally used two types of electric power lines including distribution lines and sub-transmission lines. It is made of various materials such as steel, wood, concrete and others. There is a high demand for steel utility poles because of various benefits such as design flexibility, high strength, relatively lightweight, long life and others. In the United States, the National Electrical Safety Code, published by the Institute of Electrical and Electronics Engineers (IEEE) sets the standards for construction and maintenance of utility poles and their equipment.
The market study is being classified by Type (Transmission Poles and Distribution Poles), by Application (Electricity Transmission & Distribution, Telecommunication, Street Lighting, Heavy Power Lines, Subtransmission Lines and Others) and major geographies with country level break-up.
Valmont Industries Inc. (United States), Skipper Ltd. (India), Nippon Concrete Industries Co. Ltd. (Japan), El Sewedy Electric Company (Egypt), Hill & Smith Holdings PLC (United Kingdom), Stella-Jones (Canada), FUCHS Europoles GmbH (Germany), Pelco products Inc. (United States), RS Technologies Inc. (Canada) and LEM Products Inc. (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Utility Poles market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Utility Poles market by Type, Application and Region.
On the basis of geography, the market of Utility Poles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Consumption of Electric Energy
- High Demand for Numerous Applications
Market Trend
- Growth in the Telecommunication Industry leads into Demand for Utility Poles
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Rise in the Industrialization Worldwide
- Growing Demand from End-User Industry
Challenges
- Slowdown of the World Economy
Market Leaders and some development strategies
In May 2018, Stella-Jones Inc. completed the acquisition of substantially all the operating assets employed in the business of Wood Preservers Incorporated, located at its wood treating facility in Warsaw, Virginia.
Key Target Audience
Utility Poles Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user