US Infrastructure Utility Pole Market Expected to Reach USD 4.33 billion by 2033, Surging at a CAGR of 6.13%: SPER Market Research
United States Utility Transmission Pole Market Growth Forecast, Revenue Breakdown, Industry Trends, and Key Opportunities Through 2033
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Utility transmission poles are special constructions designed to hold cables for communications, distribution, heavy power, street lighting and sub-transmission lines at certain separations from the ground and from one another. The power transmission poles are made of steel, composite, concrete, and wood, all of which are meant to have a certain function.
According to SPER Market Research, ‘United States Utility Transmission Pole Market Size - By Pole Size, By Material, By Voltage Rating - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the United States Utility Transmission Pole Market is estimated to reach USD 4.33 billion by 2033 with a CAGR of 6.13%.
Drivers:
Growing Energy Consumption is a Major Factor in Market Expansion
- Power becomes more and more necessary as the US population grows. More people means more people who require electricity to power their homes, businesses, and industries. Cities are centres of economic activity and innovation. As more people migrate into cities, the demand for energy-intensive services like transportation, heating, cooling, and electronic devices increases, further taxing the electrical grid. Industrial processes use a lot of electricity. Growing economies and larger industrial sectors increase the amount of energy required to run factories and other manufacturing facilities.
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Restraints:
Underground connections are becoming more and more popular, which is impeding market expansion.
- The move towards underground power distribution and transmission links may have an effect on the growth of the utility transmission pole industry. In densely populated urban areas or places with limited land, installing underground electrical connections may be more practicable than erecting above-ground utility transmission poles. This can lessen the requirement for installing brand-new poles in these locations. Subterranean cables typically require less maintenance than overhead wires and poles because they are not as vulnerable to weather and environmental factors. Utility providers can find this reduced maintenance requirement to be a selling factor.
The governments of many countries had to implement lockdown protocols during the epidemic to prevent the virus from spreading. Nevertheless, these acts had a detrimental effect on the economies of the surrounding nations. Supply chain interruptions were also brought about by government travel restrictions prompted by the pandemic. Due to this, there was a personnel shortage and multiple utility transmission pole projects experienced delays. Many factories closed as a result of the lockdown, reducing the amount of electricity required by the region's industrial sector.
The key players of this market are Stella-Jones, Sabre Industries, Bell Lumber & Pole, Quanta Services, KEC International Ltd, Kiewit Corporation, and Others.
United States Utility Transmission Pole Market Segmentation:
By Pole Size: Based on the Pole Size, United States Utility Transmission Pole Market is segmented as; Below 40ft, 40ft-70ft, Above 70ft.
By Material: Based on the Material, United States Utility Transmission Pole Market is segmented as; Steel, Concrete, Wood.
By Voltage Rating: Based on the Voltage Rating, United States Utility Transmission Pole Market is segmented as; Low Voltage, Medium Voltage, High Voltage.
By Region: This research also includes data for Northeast, South, Midwest, West.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link: –
United States Utility Transmission Pole Market Outlook
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