Market revenue in 2023 | USD 934.0 million |
Market revenue in 2030 | USD 1,270.2 million |
Growth rate | 4.5% (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 63.05% in 2023. Horizon Databook has segmented the Spain 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 expansion of the energy sector, including renewable energy projects such as wind and solar farms, necessitates the installation of utility poles for power transmission and distribution. Spain has been actively investing in renewable energy infrastructure to meet its sustainability goals, creating a significant demand for utility poles.
Furthermore, infrastructure modernization initiatives aimed at enhancing reliability and resilience also contribute to the market growth. Aging utility pole infrastructure needs replacement or upgrade to meet contemporary standards for safety and performance.
This presents opportunities for companies involved in manufacturing, installation, and maintenance services related to utility poles. Moreover, Spain's commitment to improving telecommunications infrastructure, including the deployment of 5G networks, requires the installation of additional utility poles to support the necessary equipment and cables for wireless communication.
Horizon Databook provides a detailed overview of country-level data and insights on the Spain utility poles market , including forecasts for subscribers. This country databook contains high-level insights into Spain utility poles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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