Market revenue in 2023 | USD 1,166.1 million |
Market revenue in 2030 | USD 1,472.6 million |
Growth rate | 3.4% (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 63.79% in 2023. Horizon Databook has segmented the Saudi Arabia 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 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.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia utility poles market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia utility poles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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