전신주 시장 평가 : 재료별, 기둥 크기별, 용도별, 지역별 기회 및 예측(2018-2032년)

Global utility poles market is projected to witness a CAGR of 3.06% during the forecast period 2025-2032, growing from USD 55.89 billion in 2024 to USD 71.13 billion in 2032.

Increasing urban projects, renovations, and expanding electricity transmission are likely to transform the market growth. Composite materials, along with the advent of steel poles, were used to replace wooden poles. Utility poles are increasingly being equipped with IoT devices and sensors that allow for real-time monitoring of electrical loads and environmental conditions. This integration enhances grid reliability and facilitates predictive maintenance. The demand for smart grid solutions is driving the installation of utility poles that can support advanced communication technologies, enabling better management of electricity distribution networks.

Geographic Information Systems (GIS) combined with artificial intelligence (AI) are being utilized to better map and manage utility infrastructure. These technologies help assess pole conditions, predict failures, and optimize maintenance schedules. AI systems are now being implemented to monitor vegetation growth around power lines, reducing the risk of outages caused by falling branches. New facilities also benefit from economies of scale, reducing production costs per unit. This cost efficiency can lower utility poles' prices, making them more accessible to utility companies and municipalities.

For instance, in November 2024, Smith Industries, LLC declared its plan to produce utility poles and other tubular steel utility structures. The establishment of Smith Industries' Utility Division marks a major advancement in the business's continuous goal of meeting regional infrastructure demands.

Rising Demand for Electricity to Fuel Market Growth

As global populations grow and urban areas expand, the electricity demand rises. This trend is particularly pronounced in developing countries, where rapid urbanization increases energy consumption. The need for reliable power distribution networks to support residential, commercial, and industrial sectors necessitates the installation of more utility poles. This demand is further amplified by advancements in technology that require more robust and extensive electrical infrastructure to support smart devices and renewable energy systems.

Much of the existing utility infrastructure in developed regions has aged beyond its intended lifespan, leading to safety concerns and reliability issues. Utility companies are increasingly focused on replacing old poles with new ones that meet modern standards for efficiency and safety. This replacement trend is driven by the necessity to maintain a reliable power supply amidst growing energy demands. Companies tend to release new utility poles that can withstand dynamic weather. Power supply companies tend to install a higher number of utility poles for better distribution and reach.

For instance, in April 2024, Consumers Energy Company introduced new iron poles to withstand Michigan's severe weather. The company unveiled another innovative plan to increase Michigan's electric grid's dependability. To endure natural disasters and maintain the stability of overhead power lines, the energy supplier has invested USD 3.5 million to buy 1,200 iron utility poles.

Government Projects, Telecommunication Networks, and Advancements to Fuel Market Growth

All governments globally are putting more money into infrastructure; electricity transmission and distribution networks are at the core. Initiatives that seek to improve rural electrification, as well as urban energy access, present a strong demand for utility poles. Such investments often go hand in hand with a general effort to modernize a country's energy system, reduce carbon emissions, and promote sustainable practices. Public-private partnerships also finance these projects, further fueling market growth as utilities upgrade their infrastructure to meet regulatory standards and community needs.

Telecommunication service expansion has seen a massive rise with the introduction of 5G technology. This increase has led to a high demand for utility poles, as this is the only way to support aerial cables and equipment needed to transmit data and communication signals. More devices continue to connect to the internet and have stable connections, further increasing the need for utility poles to hold more devices for additional telecommunications equipment.

For instance, in July 2023, EasyStreet Systems installed four of its pull-wound fiberglass/polyester poles along an intersection in Peachtree Corners, Ga., U.S., in partnership with the Curiosity Lab at the location. The target is to test out the poles in a real-world scenario. EasyStreet Systems is collaborating with Exel Composites to create and certify pull-wound fiberglass utility poles that are strong and lightweight for 5G small cell systems.

Superior Properties and Enhanced Strength-to-Weight Ration to Accelerate Composite Segment

Based on material, the composite material segment is likely to accelerate at the highest CAGR in the market during the forecast period. Composite utility poles made of fiberglass and reinforced plastics are truly more durable. This showcases their non-corroding features along with the resistance to moister or pests. In terms of this factor, the lifespan is significantly higher than that of natural wooden poles susceptible to rot and insect attacks. Moreover, durability reduces the cost required in maintenance and replacement; they are cost-effective in the long run.

Composite poles have improved strength-to-weight ratio, which enables resistance to extreme weather conditions such as high winds and heavy storms. The expansion of telecommunication networks, particularly with the rollout of 5G technology, significantly fuels the utility poles market. As 5G requires more infrastructure, including small cell antennas installed on utility poles, the demand for these poles is increasing.

For instance, in April 2024, R & B Wagner Inc (Wagners Group) launched a new 356mm Fibre Reinforced Polymer (FRP) utility pole for electricity networks feeling the pinch of timber shortages. The introduction of Wagners Composite Fibre Technologies (CFT) follows the devastation of hardwood forests by bushfires and deforestation in 2002 and 2003, which resulted in increased costs, deteriorating quality, and a decreased supply of traditional wooden utility poles.

Asia-Pacific Leads the Utility Poles Market

Asia-Pacific holds the largest portion of the market and is expected to dominate the market throughout the forecast period, owing to the increasing installation of such poles through the rural and urban areas of the region. The demand for electricity is growing with each passing day. The governments in various developing countries such as Vietnam, India, Malaysia, China, Indonesia, and others are working broadly to provide constant electricity in rural as well as disaster-prone areas, due to which the installation of such poles is increasing.

As urban populations grow rapidly, there is a pressing need for enhanced electricity distribution systems to accommodate new residential and commercial developments. This urbanization necessitates the installation of additional utility poles to support expanded power transmission networks, directly contributing to market growth. Both private and public sectors invest in infrastructure development projects that require robust power distribution systems. These projects often include constructing new transmission lines and substations, which necessitate a significant number of utility poles to support the infrastructure. The growth of fiber optic cable infrastructure is substantially fueling the utility poles market in the Asia-Pacific region. This is because countries like China and India are expanding their telecommunication networks to accommodate their increasing demand for internet facilities. Deploying fiber optic cables requires additional utility poles to carry these lines.

In September 2024, Tata Power announced an investment of USD 14.5 billion across the power value chain in Rajasthan over the next decade. The company signed an MoU with the government of Rajasthan at the ongoing Rising Rajasthan Investor Meet in New Delhi.

Future Market Scenario (2025-2032F)

The utility poles market is likely to incorporate smart technologies, enabling poles to monitor conditions, predict maintenance needs, and support functionalities like 5G transmission and electric vehicle charging.

The growing trend towards using composite materials, such as fiberglass and carbon fiber, for utility poles is anticipated to fuel market growth due to their durability, lightweight nature, and resistance to environmental factors.

The demand for utility poles is expected to rise as renewable energy sources like wind and solar become more prevalent, necessitating infrastructure to connect these energy sources to the grid.

With climate change leading to more extreme weather events, there is an increasing emphasis on developing utility poles that can withstand high winds, flooding, and other natural disasters.

Key Players Landscape and Outlook

In the utility poles market, key players are employing various strategies to strengthen their competitive position and address the industry's evolving demands. A significant focus is on innovation in product design, where companies are developing utility poles that enhance strength, durability, and cost-effectiveness. This includes exploring advanced materials, such as composites and treated wood, which offer improved performance characteristics. Additionally, players are actively pursuing geographical expansion to tap into emerging markets, particularly in regions experiencing rapid urbanization and infrastructure development. This often involves establishing local manufacturing facilities or forming strategic partnerships to cater to regional demands. Mergers and acquisitions are also a common strategy, allowing companies to consolidate resources, enhance their product offerings, and gain access to new technologies. Furthermore, there is a strong emphasis on research and development (R&D) investments to advance pole technologies and integrate smart features that align with the growing trend of smart grids and renewable energy sources.

For instance, in August 2024, Hill & Smith PLC bought Trident Industries LLC for up to USD 46.0 million in cash, including an initial payment of USD 13.5 million and deferred cash of up to USD 32.5 million based on Trident's revenue over the next five years.

In July 2024, The RPG Group company KEC International Ltd., a global infrastructure EPC major, won fresh orders totaling USD 13.54 million from several industries. Orders for T&D projects in the Americas, Africa, and India were given to the corporation. A prominent private developer in India placed an order for a 400/220 kV AIS Substation; a subsidiary of a well-known PSU in the renewable power generation sector placed an order for a 400 kV transmission line and GIS Substation in India.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Mode of Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Material Type
  • 4.3.2. Load Capacity
  • 4.3.3. Environmental Resistance
  • 4.3.4. Compliance with Standards
  • 4.3.5. Installation Considerations
  • 4.3.6. Maintenance Needs

5. Global Utility Poles Market Outlook, 2018-2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Material
    • 5.2.1.1. Steel
    • 5.2.1.2. Concrete
    • 5.2.1.3. Composite
    • 5.2.1.4. Wood
  • 5.2.2. By Pole Size
    • 5.2.2.1. Below 40 ft
    • 5.2.2.2. 40-70 ft
    • 5.2.2.3. Above 70 ft
  • 5.2.3. By Application
    • 5.2.3.1. Transmission Line
    • 5.2.3.2. Distribution Line
    • 5.2.3.3. Telecommunication
    • 5.2.3.4. Others
  • 5.2.4. By Region
    • 5.2.4.1. North America
    • 5.2.4.2. Europe
    • 5.2.4.3. Asia-Pacific
    • 5.2.4.4. South America
    • 5.2.4.5. Middle East and Africa
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 5.3. Market Map Analysis, 2024
  • 5.3.1. By Materials
  • 5.3.2. By Pole Size
  • 5.3.3. By Application
  • 5.3.4. By Region

6. North America Utility Poles Market Outlook, 2018-2032F*

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Material
    • 6.2.1.1. Steel
    • 6.2.1.2. Concrete
    • 6.2.1.3. Composite
    • 6.2.1.4. Wood
  • 6.2.2. By Pole Size
    • 6.2.2.1. Below 40 ft
    • 6.2.2.2. 40-70 ft
    • 6.2.2.3. Above 70 ft
  • 6.2.3. By Application
    • 6.2.3.1. Transmission Line
    • 6.2.3.2. Distribution Line
    • 6.2.3.3. Telecommunication
    • 6.2.3.4. Others
  • 6.2.4. By Country Share
    • 6.2.4.1. United States
    • 6.2.4.2. Canada
    • 6.2.4.3. Mexico
• 6.3. Country Market Assessment
  • 6.3.1. United States Utility Poles Market Outlook, 2018-2032F*
    • 6.3.1.1. Market Size Analysis & Forecast
      • 6.3.1.1.1. By Value
      • 6.3.1.1.2. By Volume
    • 6.3.1.2. Market Share Analysis & Forecast
      • 6.3.1.2.1. By Material
        • 6.3.1.2.1.1. Steel
        • 6.3.1.2.1.2. Concrete
        • 6.3.1.2.1.3. Composite
        • 6.3.1.2.1.4. Wood
      • 6.3.1.2.2. By Pole Size
        • 6.3.1.2.2.1. Below 40 ft
        • 6.3.1.2.2.2. 40-70 ft
        • 6.3.1.2.2.3. Above 70 ft
      • 6.3.1.2.3. By Application
        • 6.3.1.2.3.1. Transmission Line
        • 6.3.1.2.3.2. Distribution Line
        • 6.3.1.2.3.3. Telecommunication
        • 6.3.1.2.3.4. Others
  • 6.3.2. Canada
  • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Utility Poles Market Outlook, 2018-2032F

• 7.1. Germany
• 7.2. France
• 7.3. Italy
• 7.4. United Kingdom
• 7.5. Russia
• 7.6. Netherlands
• 7.7. Spain
• 7.8. Turkey
• 7.9. Poland

8. Asia-Pacific Utility Poles Market Outlook, 2018-2032F

• 8.1. India
• 8.2. China
• 8.3. Japan
• 8.4. Australia
• 8.5. Vietnam
• 8.6. South Korea
• 8.7. Indonesia
• 8.8. Philippines

9. South America Utility Poles Market Outlook, 2018-2032F

• 9.1. Brazil
• 9.2. Argentina

10. Middle East and Africa Utility Poles Market Outlook, 2018-2032F

• 10.1. Saudi Arabia
• 10.2. UAE
• 10.3. South Africa

11. Demand Supply Analysis

12. Import and Export Analysis

13. Value Chain Analysis

14. Porter's Five Forces Analysis

15. PESTLE Analysis

16. Pricing Analysis

17. Market Dynamics

• 17.1. Market Drivers
• 17.2. Market Challenges

18. Market Trends and Developments

19. Case Studies

20. Competitive Landscape

• 20.1. Competition Matrix of Top 5 Market Leaders
• 20.2. SWOT Analysis for Top 5 Players
• 20.3. Key Players Landscape for Top 10 Market Players
  • 20.3.1. Valmont Industries, Inc.
    • 20.3.1.1. Company Details
    • 20.3.1.2. Key Management Personnel
    • 20.3.1.3. Products and Services
    • 20.3.1.4. Financials (As Reported)
    • 20.3.1.5. Key Market Focus and Geographical Presence
    • 20.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisitions
  • 20.3.2. Skipper Limited
  • 20.3.3. Nippon Concrete Industries Co. Ltd.
  • 20.3.4. Hill & Smith PLC
  • 20.3.5. Stella-Jones Inc.
  • 20.3.6. Strongwell Corporation
  • 20.3.7. R & B Wagner Inc (Wagners Group)
  • 20.3.8. Smith Industries, LLC
  • 20.3.9. Pelco Structural LLC
  • 20.3.10. KEC International Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

21. Strategic Recommendations

22. About Us and Disclaimer