Tanzania Utility Poles Market Size & Outlook, 2024-2030
Global Market
Related Markets
Tanzania utility poles market highlights
- The Tanzania utility poles market generated a revenue of USD 55.5 million in 2023 and is expected to reach USD 96.2 million by 2030.
- The Tanzania market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, transmission & distribution pole was the largest revenue generating product in 2023.
- High Mast 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 55.5 million |
| Market revenue in 2030 | USD 96.2 million |
| Growth rate | 8.1% (CAGR from 2024 to 2030) |
| Largest segment | Transmission & distribution pole |
| Fastest growing segment | High Mast 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, Tanzania accounted for 0.1% 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 market growth can be attributed to expanding infrastructure projects, urbanization, and rural electrification initiatives. As the country develops, there is a rising demand for utility poles to support electricity transmission and distribution networks, as well as telecommunications infrastructure.
Additionally, Tanzania's emphasis on renewable energy sources such as hydroelectric power prompts investments in utility pole installations for supporting transmission lines. The government's commitment to improving access to electricity in both urban and rural areas further propels the demand for utility poles, making it a crucial sector for investment and growth in the country's infrastructure development agenda.
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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 |
Tanzania 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 68.47% in 2023.
Horizon Databook has segmented the Tanzania 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 can be attributed to expanding infrastructure projects, urbanization, and rural electrification initiatives. As the country develops, there is a rising demand for utility poles to support electricity transmission and distribution networks, as well as telecommunications infrastructure.
Additionally, Tanzania's emphasis on renewable energy sources such as hydroelectric power prompts investments in utility pole installations for supporting transmission lines. The government's commitment to improving access to electricity in both urban and rural areas further propels the demand for utility poles, making it a crucial sector for investment and growth in the country's infrastructure development agenda.
- Tanzania Utility Poles Market Product Outlook (Revenue, USD Million , 2018-2030)
- Transmission & Distribution Pole
- Light Pole
- High Mast Pole
- Monopole
- Others
- Tanzania Utility Poles Market Material Outlook (Revenue, USD Million , 2018-2030)
- Steel
- Concrete
- Wood
- Composite
- Tanzania Utility Poles Market Application Outlook (Revenue, USD Million , 2018-2030)
- Electricity Transmission
- Electricity Distribution
- Lighting
- Telecommunication
- Others
- Tanzania 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
- Tanzania 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 Tanzania Utility Poles Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Tanzania Utility Poles Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Tanzania Utility Poles Market, 2018-2030 (US$M)
Tanzania utility poles market statistics, by product, 2018-2030 (US$M)
