Dublin, May 02, 2023 (GLOBE NEWSWIRE) -- The "Global Steel Utility Pole Market by Types (Rail Poles, Rolled Steel Joints, Tubular Poles), Material (Pre-Painted Galvanized Steel, Weathering Steel, Zinc-Coated Steel), Pole Size, Application - Cumulative Impact of High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Steel Utility Pole Market size was estimated at USD 13.48 billion in 2022, USD 14.32 billion in 2023, and is expected to reach USD 22.31 billion by 2030, growing at a CAGR of 6.49%.
Steel utility poles are anchored securely into the ground and support a network of cables and wires at a height beyond the range of normal reach.
The steel utility poles provide reliable alternative infrastructure for carrying telephone lines, communication cables, streetlights, traffic equipment, and broadcast equipment. Some cities use poles dedicated to carrying the wiring for fire and police communications.
The increasing investment in electricity transmission and telecommunication infrastructure is surging market growth. Customers are inclining toward replacing aging wood electric utility distribution poles with steel poles due to their durability and superior strength.
However, steel pole coating & corrosion failure, and difficult maintenance of steel poles are still concerning factors for market growth. The rising adoption of 5G and smart city infrastructure in developing countries is expected to create new opportunities for market players. The market players are expanding manufacturing facilities and developing advanced steel utility pole production facilities worldwide.
Market Statistics:
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is the base year, 2023 is the estimated year, and years from 2024 to 2030 are considered as forecast period.
Market Dynamics
Drivers:
- Interest in replacing aging wood electric utility distribution poles with steel poles
- Rising investment in electricity transmission and telecommunication infrastructure
Restraints:
- Steel pole coating & corrosion failure and difficult maintenance of steel poles
Opportunities:
- Improved and custom-made steel utility poles to accommodate 5G and smart city equipment
- Advanced steel utility pole production and expansion of manufacturing facilities
Challenges:
- Production and welding complexities of steel pole transmission structures
The report answers questions such as:
- What is the market size and forecast of the Global Steel Utility Pole Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Steel Utility Pole Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Steel Utility Pole Market?
- What is the competitive strategic window for opportunities in the Global Steel Utility Pole Market?
- What are the technology trends and regulatory frameworks in the Global Steel Utility Pole Market?
- What is the market share of the leading vendors in the Global Steel Utility Pole Market?
- What modes and strategic moves are considered suitable for entering the Global Steel Utility Pole Market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 236 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $13.48 Billion |
| Forecasted Market Value (USD) by 2030 | $22.31 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
Market Segmentation & Coverage:
This research report categorizes the Global Steel Utility Pole Market in order to forecast the revenues and analyze trends in each of following sub-markets:
- Based on Types, market is studied across Rail Poles, Rolled Steel Joints, and Tubular Poles. The Tubular Poles commanded largest market share of 54.34% in 2022, followed by Rail Poles.
- Based on Material, market is studied across Pre-Painted Galvanized Steel, Weathering Steel, and Zinc-Coated Steel. The Pre-Painted Galvanized Steel commanded largest market share of 38.67% in 2022, followed by Zinc-Coated Steel.
- Based on Pole Size, market is studied across Above 70 ft, Below 40 ft, and Between 40 ft & 70 ft. The Between 40 ft & 70 ft commanded largest market share of 41.41% in 2022, followed by Below 40 ft.
- Based on Application, market is studied across Electricity Distribution, Electricity Transmission, and Telecommunication Network. The Electricity Distribution commanded largest market share of 43.13% in 2022, followed by Electricity Transmission.
- Based on Region, the market is studied across the Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, the Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and the United Kingdom. The Americas commanded the largest market share of 40.39% in 2022, followed by Europe, the Middle East & Africa.
Companies Mentioned
- Al Babtain Group
- Browning Enterprise, Inc.
- Changshu Fengfan Electric Power Equipment Co., Ltd.
- FUCHS Europoles GmbH
- Henan Dingli Power Equipment Co., Ltd.
- Ignite Electronics
- India Electric Poles Manufacturing Co.
- Jiangsu Hongguang Steel Pole Co., Ltd.
- Jindal Power Limited
- Kasper Engineering
- KEC International Limited
- Meyer Utility Structures, LLC by Arcosa, Inc.
- Nanjing Daji Group
- Nello Corporation
- Nova Pole International Inc.
- Nucor Corporation
- Omega Company for Luminaires, Poles & Galvanizing
- Pelco Structural, LLC
- Phoenix Luminaries Private Limited
- PMF Stalen Masten
- Skipper Limited
- TAPP, Inc.
- Techno Pole Industries LLC
- Utkarsh India Limited
- Valmont Industries, Inc.
- Wisconsin Lighting Lab, Inc.
- XENEL Industries Limited
- Yixing Futao Metal Structural Unit Co. Ltd.
- Yoshimoto Pole Co., Ltd.
- Zhejiang Debao Tower Manufacturing Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/l1bclk
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