Nigeria Utility Poles Market Size & Outlook, 2024-2030
Global Market
Related Markets
Nigeria utility poles market highlights
- The Nigeria utility poles market generated a revenue of USD 164.8 million in 2023 and is expected to reach USD 289.4 million by 2030.
- The Nigeria market is expected to grow at a CAGR of 8.3% 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 164.8 million |
| Market revenue in 2030 | USD 289.4 million |
| Growth rate | 8.3% (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, Nigeria accounted for 0.3% 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 Middle East & Africa, Saudi Arabia utility poles market is projected to lead the regional market in terms of revenue in 2030.
- Nigeria is the fastest growing regional market in Middle East & Africa and is projected to reach USD 289.4 million by 2030.
The market is experiencing rapid growth, primarily fueled by the government's ambitious initiatives to improve electricity access across the nation. With a substantial share of Nigeria's population lacking reliable electricity, the government's focus on expanding the electrical grid to underserved and rural areas is paramount. This expansion requires a significant increase in the installation of utility poles to support the extended electrical infrastructure.
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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 |
Nigeria 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 68.2% in 2023.
Horizon Databook has segmented the Nigeria 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 market is experiencing rapid growth, primarily fueled by the government's ambitious initiatives to improve electricity access across the nation. With a substantial share of Nigeria's population lacking reliable electricity, the government's focus on expanding the electrical grid to underserved and rural areas is paramount. This expansion requires a significant increase in the installation of utility poles to support the extended electrical infrastructure.
- Nigeria Utility Poles Market Product Outlook (Revenue, USD Million , 2018-2030)
- Transmission & Distribution Pole
- Light Pole
- High Mast Pole
- Monopole
- Others
- Nigeria Utility Poles Market Material Outlook (Revenue, USD Million , 2018-2030)
- Steel
- Concrete
- Wood
- Composite
- Nigeria Utility Poles Market Application Outlook (Revenue, USD Million , 2018-2030)
- Electricity Transmission
- Electricity Distribution
- Lighting
- Telecommunication
- Others
- Nigeria 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
- Nigeria 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 Nigeria Utility Poles Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Nigeria Utility Poles Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Nigeria Utility Poles Market, 2018-2030 (US$M)
Nigeria utility poles market statistics, by product, 2018-2030 (US$M)
