U.S. Electric Towers & Poles Market Size, By Product (Transmission Towers, Distribution Poles), By Voltage (< 11 kV, > 11 kV - 33 kV, > 33 kV - 66 kV, > 66 kV - 132 kV, > 132 kV), Industry Analysis Report, State Outlook, Growth Potential, C

U.S. Electric Towers & Poles Market Size, By Product (Transmission Towers, Distribution Poles), By Voltage (< 11 kV, > 11 kV - 33 kV, > 33 kV - 66 kV, > 66 kV - 132 kV, > 132 kV), Industry Analysis Report, State Outlook, Growth Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2022 - 2028

The U.S. electric towers & poles market is expected to showcase substantial growth by 2028 on account of an escalating demand for energy. The nation’s ageing power transmission infrastructure, which the government is looking to completely overhaul through its ‘Build Back Better’ plan, is slated to create a tremendous growth impetus for the industry.

According to the U.S. Energy Information Administration, major utilities throughout the United States have been spending more on energy distribution than energy production over the past few years. Utility spending on electricity delivery includes operating, building, and maintaining electric towers, poles, and wires, replacing aging equipment, and installing smart meters.

Increased expenditure on electricity distribution to improve the reliability and efficiency of the transmission and distribution system has augmented industry uptake in recent years.

Several industry participants have been implementing strategic initiatives to gain a competitive edge in the evolving marketplace, thereby supporting the overall industry growth. For instance, in January 2022, GE Renewable Energy, a global renewable energy company, inked a Service agreement with Avista Utilities, an American energy company, to renovate four generator units located at its Long Lake hydropower facility in the United States. Both the firms intended to improve the overall reliability of the plant equipment and establish an installed capacity of more than 100 MW.

The U.S. electric towers & poles market has been segmented on the basis of voltage, product, and state. With respect to voltage, the market has further been classified into ≤ 11 kV, > 11 kV - 33 kV, > 33 kV – 66 kV, > 66 kV – 132 kV, and > 132 kV. The > 66 kV – 132 kV sub-segment is expected to garner a sizable valuation by 2028, growing at a CAGR of more than 5% over the forecast period.

with respect to state, the U.S. electric towers & poles market spans the geographies of Florida, California, Georgia, Arizona, Arkansas, New Mexico, Oklahoma, Texas, Mississippi, and Louisiana.

The Arizona distribution poles market is estimated to grow at a CAGR of approximately 6% over the assessment period. The Louisiana transmission towers market is likely to witness robust growth by 2028, expanding at a CAGR of over 21% through the review timeline.

The Mississippi distribution poles market is slated to grow at a respectable CAGR of nearly 3% over the projected timeframe. The Oklahoma distribution poles market is poised to surpass around USD 65 million valuation by the end of 2028.

The Arkansas transmission towers market is anticipated to be worth almost USD 76 million by the end of 2028.

The Georgia distribution poles market is slated to amass considerable gains by 2028, registering a CAGR of more than 7% through the study period. The Florida transmission towers market is speculated to exceed a revenue valuation of about USD 4 million by the end of 2028.