Utility Poles Market to Garner $58.8 Bn, Globally, by 2026 at 3.2% CAGR, Says Allied Market Research

PORTLAND, Oregon, Feb. 17, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Utility Poles Market by Type (Transmission Poles and Distribution Poles), By Material (Wood, Steel, Composites, Concrete), Pole Size (Below 40ft, Between 40 & 70ft, and Above 70ft), and Application (Electricity Transmission & Distribution, Telecommunication, Street Lighting, Heavy Power Lines, Sub Transmission Lines, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global utility poles industry was pegged at $45.6 billion in 2018 and is projected to reach $58.8 billion by 2026, registering a CAGR of 3.2% from 2019 to 2026.

Chief reasons for market fluctuations
Growth in the global energy consumption, rise in adoption in the telecommunication industry, and approval of steel's material profile as a green material have boosted the growth of the global utility poles market. However, increase in trend for underground wire or cables network and regulations against deforestation hamper the market growth. On the contrary, advent of composites in the utility sector is expected to create lucrative opportunities in the near future.

Download Report Sample: https://www.alliedmarketresearch.com/request-sample/5939

The distribution pole segment dominated the market
By product, the distribution pole segment held the largest share in 2018, contributing to more than three-fifths of the global utility poles market, owing to rise in energy demand across the globe. However, the transmission pole segment is expected to register the fastest CAGR of 3.6% from 2019 to 2026, owing to increase in demand for power supply and the necessity for safe electricity transmission. Moreover, changes in climatic conditions & global weather patterns are expected to increase the production of transmission poles with upgraded designs.

The concrete pole segment to manifest the fastest CAGR through 2026
The concrete pole segment is expected to manifest the fastest CAGR of 3.7% from 2019 to 2026, due to the advent of composite material in the utility sector that promotes longer lifespan over other types. However, the wooden pole segment dominated the global utility poles market in 2018, accounting for nearly half of the market, owing to increase in energy consumption and rise in broadband users.

Make Purchase Enquiry:  https://www.alliedmarketresearch.com/purchase-enquiry/5939

Asia-Pacific region, followed by North America, to become lucrative segment
The global utility poles market across Asia-Pacific, followed by North America, held the largest share in 2018, contributing to nearly two-fifths of the market. Moreover, the region is expected to register the fastest CAGR of 3.6% through 2026, due to increase in demand for telecom service and rise in focus on technological advancements coupled with presence of several new players in the region. The report includes analysis of the market across other regions such as LAMEA and Europe.

Major market players

• Skipper Ltd.
• Valmont Industries Inc.
• El Sewedy Electric Company
• Nippon Concrete Industries Co. Ltd.
• Stella-Jones
• Hill & Smith Holdings PLC
• Pelco products Inc.
• Omega Factory
• RS Technologies Inc.

Access Avenue (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/Avenue-Membership-details

Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.

Similar Reports:

Global High Voltage Capacitor Market Expected to Reach $3,307.10 Million by 2025

Medium Voltage Cables Market to Reach $54.2 Billion, Globally, by 2022

Power Transformer Market to Reach $35,353 Million, Globally, by 2022

Solar Photovoltaic (PV) Panels Market to reach $307,204 Million, Globally by 2023

Energy Storage Systems Market to Reach $264,953 Million, Globally, by 2022

High Voltage Cable Market to Reach $47.1 Billion, Globally, by 2022      

Pre-book Offer 12% Discount:

Wind Tower Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Wind Turbine Foundation Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com  
Web: www.alliedmarketresearch.com 
Follow us on: https://www.linkedin.com/company/allied-market-research

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg