Global Electric Poles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electric Poles Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electric Poles are used in the transmission and distribution of electricity from power companies to end users. Some of the commonly used electric poles in the electrical system are wooden, concrete, steel tubular, and composite poles.

Market Overview:

The latest research study on the global Electric Poles market finds that the global Electric Poles market reached a value of USD 18208.93 million in 2022. It’s expected that the market will achieve USD 19718.32 million by 2028, exhibiting a CAGR of 1.34% during the forecast period.

Electric Poles Market Challenges

Energy sanctions imposed by the European Union in the wake of the conflict between Russia and Ukraine have led to global shortages such as a 40 per cent rise in the price of liquefied natural gas (LNG), while Middle Eastern oil producers have also raised crude prices. The rise in energy prices is likely to continue even if governments offer price restraint measures such as securing natural gas stocks. At the same time, rising fuel prices are fueling inflation in the global economy. Inflation in Europe hit 7.5 percent in April 2022, largely driven by higher energy prices.

The production and operation of Electric Poles involves the use and consumption of energy such as water and electricity. Rising energy costs have resulted in higher production costs for Electric Poles products. In addition, the main raw material for Electric Poles' products is steel, and rising energy costs have contributed to fluctuations in steel prices. These factors make cost control and inventory management more difficult for manufacturers in the Electric Poles industry.

Region Overview:

From 2023-2028, Japan is estimated to witness robust growth prospects.

Company Overview:

Stella-Jones is one of the major players operating in the Electric Poles market, holding a share of 4.08% in 2022.

Stella-Jones Inc produces and markets pressure-treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and wood utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber and accessories to retailers for outdoor applications; industrial products, including bridge and crossing timbers, foundation and marine piling, construction timbers, crane mats, fence posts, and highway guardrail posts; and coal tar-based products.

Valmont do business in two key segments (Agriculture and Infrastructure) and serve eight diverse markets: Utility, Lighting and Transportation, Telecom, Solar, Coatings, Irrigation, Ag Tech and Tubing.

Segmentation Overview:

Among different product types, Concrete Pole segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Electric Poles market covered in Chapter 3:

RS Technologies
Valmont Industries
KEC International
Koppers
Skipper
FUCHS Europoles
Thomasson
Zhejiang Yonder Industry Group Co., Ltd.
Stella-Jones
Nippon Concrete Industries
Bell Lumber & Pole
Creative Pultrusions

In Chapter 4 and Chapter 14.2, on the basis of types, the Electric Poles market from 2018 to 2029 is primarily split into:

Steel Pole
Wooden Pole
Concrete Pole
Composite Pole

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electric Poles market from 2018 to 2029 covers:

Commercial
Residential
Government
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)