Distribution Lines and Poles Market Analysis

Distribution Lines and Poles Market Analysis

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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.