Saudi Arabia Utility Poles Market Size & Outlook, 2024-2030
Global Market
Related Markets
Saudi Arabia utility poles market highlights
- The Saudi Arabia utility poles market generated a revenue of USD 1,166.1 million in 2023 and is expected to reach USD 1,472.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.3% 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 1,166.1 million |
| Market revenue in 2030 | USD 1,472.6 million |
| Growth rate | 3.3% (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, Saudi Arabia accounted for 2.0% 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 drive toward the electrification of remote and rural areas, as well as the upgrade of urban electrical infrastructure to support growing populations and the economic expansion of cities, is creating a surge in the demand for utility poles.
These projects include the installation of new poles and the refurbishment of existing poles to ensure the reliability and safety of the power supply, accommodating the increased load from industrial and residential areas.
Moreover, Saudi Arabia's commitment to sustainable energy and the integration of renewable energy sources into the national grid is another significant market driver. The country's shift toward solar and wind energy requires an expansion of the existing power grid infrastructure, which, in turn, drives the demand for utility poles to connect new renewable energy installations among consumers and industries.
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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 |
Saudi Arabia 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 66.1% in 2023.
Horizon Databook has segmented the Saudi Arabia 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 drive toward the electrification of remote and rural areas, as well as the upgrade of urban electrical infrastructure to support growing populations and the economic expansion of cities, is creating a surge in the demand for utility poles.
These projects include the installation of new poles and the refurbishment of existing poles to ensure the reliability and safety of the power supply, accommodating the increased load from industrial and residential areas.
Moreover, Saudi Arabia's commitment to sustainable energy and the integration of renewable energy sources into the national grid is another significant market driver. The country's shift toward solar and wind energy requires an expansion of the existing power grid infrastructure, which, in turn, drives the demand for utility poles to connect new renewable energy installations among consumers and industries.
- Saudi Arabia Utility Poles Market Product Outlook (Revenue, USD Million , 2018-2030)
- Transmission & Distribution Pole
- Light Pole
- High Mast Pole
- Monopole
- Others
- Saudi Arabia Utility Poles Market Material Outlook (Revenue, USD Million , 2018-2030)
- Steel
- Concrete
- Wood
- Composite
- Saudi Arabia Utility Poles Market Application Outlook (Revenue, USD Million , 2018-2030)
- Electricity Transmission
- Electricity Distribution
- Lighting
- Telecommunication
- Others
- Saudi Arabia 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
- Saudi Arabia 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 Saudi Arabia Utility Poles Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia Utility Poles Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Utility Poles Market, 2018-2030 (US$M)
Saudi Arabia utility poles market statistics, by product, 2018-2030 (US$M)
