Market revenue in 2023 | USD 164.8 million |
Market revenue in 2030 | USD 289.4 million |
Growth rate | 8.4% (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 |
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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 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.
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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