Nigeria Utility Poles Market Size & Outlook, 2023-2030

The utility poles market in Nigeria is expected to reach a projected revenue of US$ 289.4 million by 2030. A compound annual growth rate of 8.4% is expected of Nigeria utility poles market from 2024 to 2030.
Revenue, 2023 (US$M)
$164.8
Forecast, 2030 (US$M)
$289.4
CAGR, 2024 - 2030
8.4%
Report Coverage
Nigeria

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

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

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 8.4% 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 164.8 million
Market revenue in 2030USD 289.4 million
Growth rate8.4% (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, 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.

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Utility Poles Market Companies

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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 will help companies and investors design strategic landscapes.


Transmission & distribution pole was the largest segment with a revenue share of 62.86% in 2023. Horizon Databook has segmented the Nigeria 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 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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Target buyers of Nigeria utility poles market databook

  • Our clientele includes a mix of utility poles market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Nigeria utility poles market , including forecasts for subscribers. This country databook contains high-level insights into Nigeria utility poles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

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

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

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