Global Utility Pole Market Analysis & Trends - Industry Forecast to 2030

Global Utility Pole Market Analysis & Trends - Industry Forecast to 2030

Utility Pole: Market Size

From $58.67 billion in 2024, the global Utility Pole market is projected to reach $83.22 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 6.0% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include growing transmission and distribution infrastructure, increasing power generation capacity, and replacement of aging networks.

Global Utility Pole Market: Market Dynamics
The emerging trends that have a direct impact on the dynamics of the market include wider use of transmission monopoles and increased usage of composite poles in transmission and distribution. The future of the global utility pole market looks promising with opportunities in the electric transmission and distribution sector. Utility poles are mainly employed to support and connect electric wires that carry electric current. Therefore, energy transmission and energy distribution are the two major applications of the utility poles where they play a significant role in supporting utility infrastructure and fulfilling energy needs as per the demand.

On the other hand, the lack of awareness, strict regulations against deforestation, and rise in trend for underground cables are likely to obstruct the profit boundaries. In addition, increase in electricity access rate in developing and underdeveloped countries and the introduction of monopoles will further boost for the Utility Pole market.

Impact of COVID-19 on Utility Pole
The outbreak of the highly contagious coronavirus disease (COVID-19) and subsequent impositions of lockdowns have disrupted the construction activities across the globe. This decline is mainly due to the prevalence of lockdowns during the pandemic which led to the closure of various industries across the globe, putting a stop to all sorts of operational activities in order to limit the spread of the virus during the pandemic. It is anticipated to recover once lockdown relaxations are introduced and construction activities resume. In addition, rising prevalence of wiring network and underground cables is expected to further impede the growth of the utility poles market during the forecast period.

By Material
Composites Segment Dominate the Market in 2024
The composites segment made huge revenue in 2024 and growing its prominence during the forecast period. The composite poles market is anticipated to experience noteworthy growth over the forecast period and is projected to generate enormous growth opportunities in the global utility pole market. This growth is majorly attributed to composite poles having properties like low conductivity, resisting corrosion and water absorption. The composite poles are also introduced in the market that is showing greater potential for the coming years. This pole type has superior properties and is lightweight as compared to other poles, due to which composite poles are expected to register the highest CAGR during the forecast period.

By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period owing to the increasing investments in the power sector and improvement in the transmission and distribution networks in developing nations, particularly as China and India which are generating greater demand for electricity and increasing electricity access rate across the region. Expanding electricity transmission infrastructure in response to growth in electricity is also a key factor generating healthy demand for utility in this region. In addition, rise in focus on technological advancements and presence of several new players is projected to augment the growth of the market in the coming years.

List of the Key Players Profiled in the Market Include:
• Creative Pultrusions, Inc
• El Sewedy Electric Company
• Fuchs Europoles Gmbh
• Hill & Smith Holdings Plc
• KEC International
• Nippon Concrete Industries Co., Ltd.
• Omega Factory
• Pelco Products Inc.
• Qingdao Wuxiao Group Co. Ltd.
• RS Technologies Inc.
• Skipper Ltd.
• Stella-Jones Inc.
• Valmont Industries Inc.

List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others