North America Utility Poles Market Size & Outlook, 2024-2030
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North America utility poles market highlights
- The North America utility poles market generated a revenue of USD 12,152.9 million in 2023.
- The market is expected to grow at a CAGR of 2.4% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 12,152.9 million |
| Market revenue in 2030 | USD 14,395.9 million |
| Growth rate | 2.4% (CAGR from 2024 to 2030) |
| Largest segment | Transmission & distribution pole |
| Fastest growing segment | Light Pole |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 21.1% of the global utility poles market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 36,086.9 million by 2030.
The market growth is driven by several factors that are crucial for the development and expansion of infrastructure across the region. The increasing demand for electricity due to urbanization and industrial growth is the major driver, as cities expand and industries grow, the need for an efficient and reliable power distribution network becomes imperative, leading to higher demand for utility poles.
The region is also inclined toward renewable energy sources, and the decentralization of power generation in the region necessitates the expansion of the grid infrastructure. The integration of renewable energy sources such as wind and solar power into the grid requires the installation of additional utility poles for the transmission and distribution of electricity generated from these sources.
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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 |
North America 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 66.4% in 2023.
Horizon Databook has segmented the North America 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 growth is driven by several factors that are crucial for the development and expansion of infrastructure across the region. The increasing demand for electricity due to urbanization and industrial growth is the major driver, as cities expand and industries grow, the need for an efficient and reliable power distribution network becomes imperative, leading to higher demand for utility poles.
The region is also inclined toward renewable energy sources, and the decentralization of power generation in the region necessitates the expansion of the grid infrastructure. The integration of renewable energy sources such as wind and solar power into the grid requires the installation of additional utility poles for the transmission and distribution of electricity generated from these sources.
- North America Utility Poles Market Product Outlook (Revenue, USD Million , 2018-2030)
- Transmission & Distribution Pole
- Light Pole
- High Mast Pole
- Monopole
- Others
- North America Utility Poles Market Material Outlook (Revenue, USD Million , 2018-2030)
- Steel
- Concrete
- Wood
- Composite
- North America Utility Poles Market Application Outlook (Revenue, USD Million , 2018-2030)
- Electricity Transmission
- Electricity Distribution
- Lighting
- Telecommunication
- Others
- North America 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
- North America 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 continent-level data and insights on the North America Utility Poles Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Utility Poles Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Utility Poles Market, 2018-2030 (US$M)
North America utility poles market statistics, by product, 2018-2030 (US$M)
