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Utility Pole Market is expected to reach $53.3 Billion by 2025 – An exclusive market research report by Lucintel

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Utility Pole Market is expected to reach $53.3 Billion by 2025 – An exclusive market research report by Lucintel

September 06
13:42 2021
Utility Pole Market is expected to reach $53.3 Billion by 2025 - An exclusive market research report by Lucintel
Trends and Forecast for the Global Utility Pole Market
Trends, opportunities and forecast in utility pole market to 2025 by application type (transmission and distribution), material (steel, concrete, wood, and composite), size (below 40 feet, 40 to 70 feet, and above 70 feet), type (new and replacement), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Lucintel’s latest market report analyzed that utility pole provides attractive opportunities in the electric transmission and distribution sector. The utility pole market is expected to reach $53.3 billion by 2025 with a CAGR of 3.8%. In this market, steel is the largest segment by material, whereas distribution is largest by application. The wider use of transmission monopoles and increased usage of composite poles in transmission and distribution provides strategic growth path in this market.

Download Brochure of this report by clicking on https://www.lucintel.com/utility-pole-market.aspx

Based on material, the utility pole market is segmented into steel, concrete, wood, and composite. The steel segment accounted for the largest share of the market in 2020 due to its high durability and low maintenance and wind energy industries and composite poles is expected to register the highest CAGR during the forecast period, because they offer rot and corrosion resistance, minimal maintenance, easy installation, and superior strength-to-weight ratio.

Browse in-depth TOC on “Utility Pole Market”

112 – Tables

146 – Figures

215 – Pages

The utility pole market is marked by the presence of several big and small players. Some of the prominent players offering utility pole include Valmont Industries, KEC International, Qingdao, Skipper, Stella Jones, Europoles, Elsewedy Electric, and Nippon Concrete Industries Co Ltd. and others

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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