Market revenue in 2023 | USD 9,735.4 million |
Market revenue in 2030 | USD 11,302.2 million |
Growth rate | 2.2% (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 64.78% in 2023. Horizon Databook has segmented the U.S. 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 market growth is driven by a combination of factors that reflects the evolving demands of the energy sector and the broader inclination toward modernizing infrastructure. The country is witnessing a substantial increase in the adoption of renewable energy sources, such as wind and solar power, which requires the expansion of the existing grid infrastructure.
To connect renewable energy production sites with the main grid, new utility poles and transmission lines are essential. The market is also driven by the drive toward electrification and the increasing demand for electricity, spurred by the electric vehicle revolution and the electrification of heating.
This surge in electricity demand necessitates the expansion and strengthening of the grid, thereby increasing the need for new utility poles.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. utility poles market , including forecasts for subscribers. This country databook contains high-level insights into U.S. utility poles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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