Market revenue in 2023 | USD 12,224.1 million |
Market revenue in 2030 | USD 14,846.2 million |
Growth rate | 2.8% (CAGR from 2023 to 2030) |
Largest segment | Transmission & distribution pole |
Fastest growing segment | Light Pole |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Transmission & Distribution Pole, Light Pole, High Mast 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 |
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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 will help companies and investors design strategic landscapes.
Transmission & distribution pole was the largest segment with a revenue share of 63.63% in 2023. Horizon Databook has segmented the Europe utility poles market based on transmission & distribution pole, light pole, high mast pole, monopole covering the revenue growth of each sub-segment from 2018 to 2030.
Aging infrastructure across Europe necessitates upgrades to support increasing power demands and integrating renewable energy sources. This translates to replacing outdated poles with sturdier, longer-lasting options.
The rollout of smart grids, featuring two-way communication between utilities and consumers, requires additional equipment mounted on poles. This creates the demand for poles with features facilitating smart grid functionalities.
Europe's emphasis on eco-friendly solutions is driving the adoption of utility poles made from sustainable materials such as composite wood or recycled steel. While underground power lines offer aesthetics and safety benefits, they are often cost-prohibitive. This makes overhead poles a more practical solution in many regions, further fueling the market growth.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe utility poles market , including forecasts for subscribers. This continent databook contains high-level insights into Europe utility poles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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