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Distribution Lines and Poles Market was valued at USD 104.5 billion in 2023 and is set to grow at a CAGR of 3.5% from 2024 to 2032, attributed to the regulatory measures to supply effective and reliable power to all set of consumers. Policymakers are working aggressively to enhance their supply network in order to deliver continuous power at affordable prices. Moreover, significant investments are made to develop new lines and upgrade the existing network with enhanced security and supply features.
The global power sector is undergoing dramatic change with significant rise in the electricity consumption across rural and urban areas, which in turn requires grid transparency, & reliability. As a result, utilities are making significant investments toward automation and monitoring solutions to effectively secure their supply network.
Report Attribute | Details |
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Base Year: | 2023 |
Distribution Lines and Poles Market Size in 2023: | USD 104.5 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 3.5% |
2032 Value Projection: | USD 142.8 Billion |
Historical Data for: | 2021 to 2023 |
No. of Pages: | 100 |
Tables, Charts & Figures: | 15 |
Segments covered: | Lines, Poles, & Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Industry’s shift toward achieving higher system efficiency along with respective government’s efforts to expand and strengthen the distribution system with an aim to provide reliable electricity to end user will drive the market size globally. Growing penetration of distributed energy generation along with development of smart grids will further stimulate the business growth. In addition, the global shift towards renewable energy sources like wind and solar necessitates significant upgrades and expansions in distribution networks. Renewable energy plants are often located in remote areas, requiring extensive distribution lines and poles to connect them to the grid, which in turn will propel the industry scenario.
Based on voltage, the ≤11 kV voltage rating distribution lines market is projected to surpass over USD 20.1 billion by 2032, account of rapid increase in the population across both urban and rural areas. In addition, Introduction of numerous household electrification programs are also expected to play an important role in expanding the ≤ 11 kV distribution industry size across the globe.
Based on material, the concrete pole industry will grow at CAGR of over 3.5% through 2032. Cost-effective design, high strength, easy manufacturing, low impact on environment and resistance to extreme climatic conditions are the major driving factor of concrete distribution poles. In addition, easy availability of raw materials and manufacturing process has led to the participation of various regional players, thus increasing the competition.
Asia Pacific distribution lines and poles market is set to cross over USD 115.1 billion by 2032. The region has witnessed massive growth in population and change in consumer lifestyles in past few decades, leading to an upsurge in electricity demand. In addition, ongoing rural electrification programs along with ambitious renewable energy targets across the region, will positively influence the industry size in forecast timeframe.
Distribution lines and poles market growth in the U.S. is primarily attributed to ongoing investments toward the refurbishment and substitution of aging distribution infrastructure. Regulators across the country have been channelizing investments to support the electricity generation, distribution, and transmission networks with an aim to establish a sustainable electrical infrastructure.
The major participants across the distribution lines market includes Sumitomo Electric Industries, ZTT, Nexans, CTC Global, and Prysmian Group. These companies along with other market players have focused on integration of economies of scale in order to minimize their production cost and to hedge the dynamic risks of metal industry.
Major key players operating across the distribution lines and poles industry are:
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Market, By Lines
Market, By Poles
The above information has been provided for the following regions and countries: