China Utility Poles Market Size & Outlook, 2024-2030
Global Market
Related Markets
China utility poles market highlights
- The China utility poles market generated a revenue of USD 13,624.7 million in 2023 and is expected to reach USD 18,177.1 million by 2030.
- The China market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, transmission & distribution pole was the largest revenue generating product in 2023.
- Light Pole is the most lucrative product segment registering the fastest growth during the forecast period.
Utility poles market data book summary
| Market revenue in 2023 | USD 13,624.7 million |
| Market revenue in 2030 | USD 18,177.1 million |
| Growth rate | 4.2% (CAGR from 2024 to 2030) |
| Largest segment | Transmission & distribution pole |
| Fastest growing segment | Light Pole |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transmission & Distribution Pole, High Mast Pole, Light Pole, Monopole |
| Key market players worldwide | Al-Babtain, American Timber and Steel Co., Bell Lumber & Pole, Energya Group, HAS Engineering, New Forests, Omega Company, Orbix, Stella Jones, Valmont Industries Inc, Kec, AISHA STEEL MILLS LTD, Nippon Steel Corp, Tata Steel Ltd GDR - 144A, Jyoti Structures, Sabre Industries, Foresite Group |
Other key industry trends
- In terms of revenue, China accounted for 23.6% of the global utility poles market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China utility poles market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,433.4 million by 2030.
The rapid urbanization and industrialization across the country are fueling the demand for electricity transmission and distribution infrastructure. As cities expand and new industrial zones emerge, there's a pressing need for reliable and efficient power supply networks, which rely heavily on utility poles.
Furthermore, the country's transition toward renewable energy sources, notably wind and solar, is contributing to the growth of the utility poles market. As China endeavors to reduce its dependence on fossil fuels and mitigate environmental concerns, there is a surge in the installation of wind turbines and solar panels, necessitating the expansion of the power transmission infrastructure, including utility poles.
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Publish Date: Jul 17, 2024
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Utility Poles Market Scope
Utility Poles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tata Steel Ltd GDR - 144A | View profile | 73,496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | www.tatasteel.com |
| Nippon Steel Corp | View profile | 121,990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | www.nipponsteel.com |
| Valmont Industries Inc | View profile | 11,125 | 15000 Valmont Plaza, Omaha, NE, United States, 68154-5215 | www.valmont.com |
| Kec | View profile | 5001-10000 | Worli, Maharashtra, India, Asia | www.kecrpg.com/ |
| Al-Babtain | View profile | 1001-5000 | Riyadh, Ar Riyad, Saudi Arabia, Asia | www.al-babtain.com.sa |
| Energya Group | View profile | 1001-5000 | Heliopolis, Al Qahirah, Egypt, Africa | www.energya.com |
| Orbix | View profile | 11-50 | Genk, Limburg, Belgium, Europe | www.orbix.be/ |
| American Timber and Steel Co. | View profile | 51-100 | Norwalk, Ohio, United States, North America | www.americantimberandsteel.com |
| Bell Lumber & Pole | View profile | 51-100 | New Brighton, Pennsylvania, United States, North America | www.blpole.com/ |
| HAS Engineering | View profile | 51-100 | Cairo, Al Qahirah, Egypt, Africa | www.has-engineering.com |
China Utility Poles Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Utility Poles Market Outlook will help companies and investors design strategic landscapes.
Transmission & Distribution Pole was the largest segment with a revenue share of 65.82% in 2023.
Horizon Databook has segmented the China utility poles market based on transmission & distribution pole, high mast pole, light pole, monopole covering the revenue growth of each sub-segment from 2018 to 2030.
The rapid urbanization and industrialization across the country are fueling the demand for electricity transmission and distribution infrastructure. As cities expand and new industrial zones emerge, there's a pressing need for reliable and efficient power supply networks, which rely heavily on utility poles.
Furthermore, the country's transition toward renewable energy sources, notably wind and solar, is contributing to the growth of the utility poles market. As China endeavors to reduce its dependence on fossil fuels and mitigate environmental concerns, there is a surge in the installation of wind turbines and solar panels, necessitating the expansion of the power transmission infrastructure, including utility poles.
- China Utility Poles Market Product Outlook (Revenue, USD Million , 2018-2030)
- Transmission & Distribution Pole
- Light Pole
- High Mast Pole
- Monopole
- Others
- China Utility Poles Market Material Outlook (Revenue, USD Million , 2018-2030)
- Steel
- Concrete
- Wood
- Composite
- China Utility Poles Market Application Outlook (Revenue, USD Million , 2018-2030)
- Electricity Transmission
- Electricity Distribution
- Lighting
- Telecommunication
- Others
- China Utility Poles Market Size Outlook (Revenue, USD Million , 2018-2030)
- Less than 6 M
- 6 M to 15 M
- 15 M to 24 M
- Above 24 M
- China Utility Poles Market End Use Outlook (Revenue, USD Million , 2018-2030)
- New Installations
- Replacement
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Horizon Databook provides a detailed overview of country-level data and insights on the China Utility Poles Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Utility Poles Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Utility Poles Market, 2018-2030 (US$M)
China utility poles market statistics, by product, 2018-2030 (US$M)
