India Utility Poles Market Size & Outlook, 2023-2030

The utility poles market in India is expected to reach a projected revenue of US$ 5,433.4 million by 2030. A compound annual growth rate of 7% is expected of India utility poles market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,384.8
Forecast, 2030 (US$M)
$5,433.4
CAGR, 2024 - 2030
7%
Report Coverage
India

India utility poles market, 2018-2030 (US$M)

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India utility poles market, 2018-2030 (US$M)

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 2023USD 3,384.8 million
Market revenue in 2030USD 5,433.4 million
Growth rate7% (CAGR from 2023 to 2030)
Largest segmentTransmission & distribution pole
Fastest growing segmentLight Pole
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTransmission & Distribution Pole, Light Pole, High Mast Pole, Monopole
Key market players worldwideAl-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 Companies

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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 utility poles market size, by product, 2018-2030 (US$M)

India Utility Poles Market Outlook Share, 2023 & 2030 (US$M)

India utility poles market size, by product, 2018-2030 (US$M)

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