The Americas utility poles market size 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.
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.
Americas Utility Poles 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.
Americas Utility Poles Market Segment Insights
Product Type Segment Analysis
Based on product type, the Americas utility poles market is bifurcated into transmission poles, and distribution poles. The distribution poles segment is expected to hold significant share of the market, owing to increasing demand for electricity distribution in Americas. The energy production activities are increasing in the U.S. due to the rising electricity demand from industrial and commercial sector.
The transmission poles segment is anticipated to expand at substantial CAGR during the forecast period. The transmission poles are used to carry high voltage power across the country. Increasing use of consumer durables and electrical appliances. Rise in demand for energy by residential, commercial, and industrial sectors are some of the major factors fueling the demand for distribution and transmission poles.
Growing demand for electricity in the Americas has led to upgradation of several transmission and distribution (T&D) projects for improving the transmission network with ultra-high voltage technologies. Moreover, the technological advancements in installation, material and manufacturing of utility pole and presence of several key players are projected to boost the growth of the market in future.
Material Segment Analysis
Based on material, the Americas utility poles market is segregated into concrete, wood, steel, and composite. The wood segment is expected to hold significant share of the market, owing to increasing usage of wood for utility poles. Wood is one of the cheap and readily available material. Jack Pine, Douglas fir, Lodgepole Pine, and Pacific Silver Fir are some of the common trees widely preferred to make utility poles.
The steel segment is expected to accelerate at substantial CAGR during the forecast period, owing to increasing adoption of steel utility poles. Maintenance of steel utility poles is very less and steel poles offers several benefits such as high strength, resistant to rot, fire, insects makes it suitable for constructing utility poles. Steel and wooden poles are the widely used material for utility poles, whereas concrete and composites are moderately used materials.
Increasing number of transmission and distribution poles in the countries has led to rise in adoption of steel utility poles as it does not require regular maintenance and offer longer life span. Increasing preference towards low maintenance utility poles is expected to increase during the forecast period. This in turn is expected to boost the demand for steel, concrete and composite material in future, it is also expected to create lucrative opportunities in the market for manufacturers of utility poles.
Pole Size Segment Analysis
On the basis of pole size, the Americas utility poles market is classified as Less Than 40 Ft, Between 40 & 70 Ft, More than 70 Ft. The pole size between 40 & 70 Ft segment is expected to hold significant share of the market, owing to increasing installation of utility poles of medium size. Utility poles size between 40 & 70 Ft segment is usually used as transmission and distribution poles.
The utility poles size more than 70 Ft segment is expected to accelerate at substantial CAGR during the forecast period, owing to increasing adoption of utility poles in places such as wildlife sanctuaries. Increasing adoption of lower pole size less than 40 Ft as distribution poles for distributing lower voltage power in the region is expected to boost the less than 40Ft segment market growth.
Growing demand for various sizes of utility poles for different applications is expected to boost the demand for utility poles with different size and diameter in future, it is also expected to create lucrative opportunities in the utility poles market.
Application Segment Analysis
In terms of application, the Americas utility poles market is classified as electricity transmission and distribution, telecommunication, street lighting, heavy power lines, sub transmission lines, and others. The electricity transmission segment is expected to hold significant share of the market, owing to increasing demand of energy across the country for several residential and commercial applications.
Rising investments in the energy and power sector in the U.S. is expected to propel the demand for utility poles used for transmission and distribution of electricity. Moreover, rapid urbanization and improvements in transmission and distribution of electricity, rise in demand for telecommunications poles for exchange of information, and increasing demand for sub transmission lines is one of the major factors expected to drive the market growth in the region.
Rise in installation of street lights for improving the visibility and improve safety has led to rise the demand for poles used for street lighting. Utility poles are also used for various other applications such as heavy power lines, and transmission lines.
This in turn is expected to boost the demand for utility poles. Replacements of older poles with advanced one, construction of roads and highways, increasing population are some of the major factors anticipated to propel the market demand for utility poles and create several opportunities in the market.
Regional Analysis
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.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Americas Utility Poles Market
- Historical, Current and Projected Market Size in terms of Value and Volume
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Americas Utility Poles Market Performance
Segments
Product Type
- Transmission poles
- Distribution poles
Material
- Concrete
- Wood
- Steel
- Composites
Pole Size
- Less Than 40 Ft
- Between 40 & 70 Ft
- More than 70 Ft
Application
- Electricity Transmission & Distribution
- Telecommunication
- Street Lighting
- Heavy Power Lines
- Sub Transmission Lines
- Others
Region
- North Americas
- South Americas
- Brazil
- Argentina
- Venezuela
- Chile
- Rest of South Americas
- Central & Caribbean Americas
- Mexico
- Puerto Rico
- Cuba
- Dominican Republic
- Rest of Central & Caribbean Americas
Key Players
- Valmont Industries Inc
- Stella-Jones
- Creative Pultrusions, Inc
- Pelco products Inc.
- RS Technologies Inc.
- Bell Lumber & Pole
- Ace Pole Co. Inc
- NELLO
- Valmont Polska Sp. z o.o.
- Finntrepo Ltd
- Western Utility Telecom, Inc.
- SAE Towers
- StressCrete Group
- A Meredith Schneider Co
- Grupo Atlas Postes de Concreto
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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