India Utility Poles Market Size & Outlook, 2023-2030
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India utility poles market highlights
- The India utility poles market generated a revenue of USD 3,384.8 million in 2023 and is expected to reach USD 5,433.4 million by 2030.
- The India market is expected to grow at a CAGR of 7% 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 3,384.8 million |
| Market revenue in 2030 | USD 5,433.4 million |
| Growth rate | 7% (CAGR from 2023 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, 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 |
Other key industry trends
- In terms of revenue, India accounted for 5.9% 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.
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Utility Poles Market Scope
Utility Poles Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Foresite Group | View profile | 101-250 | Peachtree City, Georgia, United States, North America | https://www.foresitegroup.net |
| Sabre Industries | View profile | 5001-10000 | Alvarado, Texas, United States, North America | http://www.sabreindustries.com |
| Jyoti Structures | View profile | 1001-5000 | Mumbai, Maharashtra, India, Asia | http://www.jyotistructures.in |
| AISHA STEEL MILLS LTD | View profile | 251-500 | Karachi, Sindh, Pakistan, Asia | https://www.aishasteel.com/ |
| Stella Jones | View profile | 1001-5000 | Saint-laurent, Quebec, Canada, North America | http://www.stella-jones.com |
| Omega Company | View profile | 251-500 | Riyadh, Ar Riyad, Saudi Arabia, Asia | https://omega-abahsain.com |
| New Forests | View profile | 11-50 | Sydney, New South Wales, Australia, Oceania | http://www.newforests.com.au/ |
| HAS Engineering | View profile | 51-100 | Cairo, Al Qahirah, Egypt, Africa | http://www.has-engineering.com |
| Bell Lumber & Pole | View profile | 51-100 | New Brighton, Pennsylvania, United States, North America | http://www.blpole.com/ |
| American Timber and Steel Co. | View profile | 51-100 | Norwalk, Ohio, United States, North America | https://www.americantimberandsteel.com |
| Orbix | View profile | 11-50 | Genk, Limburg, Belgium, Europe | https://www.orbix.be/ |
| Energya Group | View profile | 1001-5000 | Heliopolis, Al Qahirah, Egypt, Africa | http://www.energya.com |
| Al-Babtain | View profile | 1001-5000 | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.al-babtain.com.sa |
| Kec | View profile | 5001-10000 | Worli, Maharashtra, India, Asia | https://www.kecrpg.com/ |
| Valmont Industries Inc | View profile | 11125 | 15000 Valmont Plaza, Omaha, NE, United States, 68154-5215 | https://www.valmont.com |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| Tata Steel Ltd GDR - 144A | View profile | 73496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | https://www.tatasteel.com |
India 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 will help companies and investors design strategic landscapes.
Transmission & distribution pole was the largest segment with a revenue share of 63.74% in 2023. Horizon Databook has segmented the India 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.
The utility poles market in India is primarily driven by the country's ambitious infrastructure development plans, rapid urbanization, and the increasing demand for electricity transmission and distribution networks. As India continues to urbanize at a rapid pace, there is a growing need for reliable and efficient utility infrastructure to support the burgeoning population and expanding urban areas.
The key growth drivers of the utility poles market are the government's focus on rural electrification and the strengthening of the power distribution network. Initiatives such as the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya) aim to provide electricity to all households, driving the demand for utility poles in rural areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the India utility poles market , including forecasts for subscribers. This country databook contains high-level insights into India utility poles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India Product - Utility Poles Market size, 2023 - 2030 (US$M)
India Utility Poles Market Outlook Share, 2023 & 2030 (US$M)
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