The Americas Utility Poles Market was valued at USD 13,360.7 Million in 2019 and is projected to reach USD 19,171.7 Million by 2027 expanding at a CAGR of 4.9% during the forecast period, 2020-2027. Utility pole is a post or column used to support various overhead powerlines, wires, and several instruments such as
transformers, conductors, cable, for transmission and distribution of electricity. Utility poles are also used as street lights poles. It is also refereed as electric pole, telegraph pole, power pole, telephone pole as per its application. Utility poles are also used for carrying high voltage power lines and sub transmission lines between substations and power stations, it also carries the distribution lines which distribute low voltage power to customers. Utility poles are made up of different materials such as wood, steel, concrete, and composite. Wood is used since decades as a most preferred raw material for construction of utility poles. Conversely, steel and composite is widely accepted material for constructing utility poles. Steel, concrete and composite are stronger and more durable than wood, but these material account for higher cost. The maintenance of steel poles is very less than compared to others.
Utility poles are of various different sizes, diameters, and thickness. Some poles are hollow from inside while some are dense, the poles size is chosen according to its application and areas where it is going to be installed. Poles which are less than or upto 40 ft, and are between 40 to 70 ft are most widely used poles. These poles are used for electricity distribution, transmission, and street lightning application.
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Market Dynamics
The market is driven by factors such growing consumption of energy, continuous advances and growth of telecommunications industry, and increasing application of utility poles, in power supply, telecommunication and street lightning, and advancements in material used for manufacturing utility poles. Moreover, increasing technological advancement and availability of machineries and electrical appliances has led to increase the consumption of electricity. This in turn has led to increase in the demand for utility poles as they are used for transmission and distribution of electricity to its customers.
Region/Countries Outlook
Based on region, the Americas utility poles market is classified as North Americas, South Americas, Central Americas and Caribbean. North Americas is expected to hold significant share of the market, owing to increasing demand for utility poles in U.S. for transmission and distribution of electricity. Growing investments in the energy and power sector is expected to propel the demand for utility poles used for transmission and distribution of power. Urbanization, industrialization and rapid technological advancement had led to increase the need of utility poles in the region. South Americas is expected to expand at substantial CAGR during the forecast period, owing to increasing application of utility poles for installation of street lights for improving illumination and increase road safety is expected to boost the demand for utility poles. Continuous development of the utility pole is due to a rise in electricity consumption in the region, this has increased the number of utility poles (including power poles, telecommunication poles, heavy power lines, and sub transmission lines. This in turn is propelling the market growth in the region.
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Competitive Landscape
- Top players in the market include Bell Lumber & Pole, Stella-Jones, NELLO, Pelco products Inc., and others are considered as key manufacturers of utility poles based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
- The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the Utility Poles Market.
- For instance, in June 2020, Valmont Industries, Inc. acquired a majority stake in Energia Solar do Brazil, which is a pioneer in the photovoltaic (PV) energy business. The business is expected to be released immediately in the market under the Valley brand name. This acquisition enables the Valmont Industries, Inc. to extend its product offerings to include not only the most robust and innovative pivots available, and renewable, low-cost energy source to power Valmont Solar Solutions.
- In 2018, Valmont Industries, Inc. acquired Walpar LLC., an engineering company that offers overhead sign structures for the transport industry in North Americas. It has represented specialty road subcontractors and major interstate prime contractors in the US. The addition of Walpar’s goods and services to the portfolio of Valmont Industries, Inc., further strengthening the company’s sign structure industry hold.
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