U.S. Electric Towers & Poles Market
Get a free sample of this report
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Request Sectional Data
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
U.S. Electric Towers & Poles Market size was valued at USD 4.8 billion in 2023 and is projected to grow at a CAGR of 5.4% between 2024 and 2032. Increasing demand for electricity and infrastructure development along with rising integration of renewable energy sources for electricity generation is catering to the market growth. The growing population and rapid urbanization in the U.S. have significantly increased the demand for electricity, which in turn adding growth prospects to the market.
As urban areas expand, the need for reliable power supply infrastructure is becoming a paramount need in the country and is driving the construction of new electric towers and poles to support the enhanced distribution networks required to deliver electricity to residential, commercial, and industrial sectors. Moreover, rural electrification projects and the modernization of existing infrastructure further propel the need for new installations.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
U.S. Electric Towers & Poles Market size in 2023: | USD 4.8 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2023 - 2032 CAGR: | 5.4 |
2023 Value Projection: | USD 8.1 Billion |
Historical Data for: | 2021 to 2023 |
No of Pages: | 90 |
Tables, Charts & Figures: | 12 |
Segments Covered: | Product, Voltage, & States |
Growth Drivers: |
|
Pitfalls Challenges: |
|
The shift towards sustainable energy solutions is a major driver for the U.S. electric towers and poles industry. The increasing adoption of renewable energy sources such as wind, solar, and hydroelectric power necessitates the development of new transmission lines and supporting infrastructure. Electric towers and poles are essential for connecting renewable energy generation sites, often located in remote areas, to the main power grid.
This integration requires substantial investment in new installations and upgrades to existing structures to handle the variable nature of renewable energy. Policies and incentives promoting green energy, along with advancements in technology for more efficient energy transmission, are accelerating the expansion and upgrading of electric towers and poles to accommodate the growing share of renewables in the energy mix.
Based on product, the market is segmented transmission towers & distribution poles. The distribution poles industry will exceed over USD 5.1 billion by 2032. Refurbishment and modernization of the traditional grid infrastructure coupled with increasing electricity demand and favourable regulatory reforms toward the expansion of the existing network will sway the deployment of distribution lines and poles across the region.
Based on voltage the U.S. electric towers and poles market is segmented into ≤ 11 kV, > 11 kV - 33 kV, > 33 kV – 66 kV, > 66 kV – 132 kV, > 132 kV. The ≤ 11 kV electric towers & poles industry is expected to expand at over 5.1% CAGR through 2032. Capacity-based distribution poles are anticipated to rise on account of increasing construction activities across residential and commercial sectors. The industry has gained significance momentum on account of the growing measures associated with electrical supply faults, fire, health, and other operational hazards.
The California electric towers & poles market is anticipated to grow over USD 850 million by 2032. Rising electricity demand along with growing investments toward refurbishment of grid infrastructure will boost the industry outlook. In addition, shifting inclination toward installation of reliable and safe electric supply units will propel the business growth.
Ongoing integration of renewable resources combined with increasing demand for uninterrupted power supply will drive the U.S. electric towers and poles industry growth. Moreover, strict government policies for energy efficient systems will complement the business outlook.
AECOM, Burns & McDonnell, H&M Shared Services, Inc., KEC International Ltd., Kiewit Corporation are at the forefront of the industry. These manufacturers acquire the tenders/projects from the state and regional based utilities across the electrical networks to install, repair & replace the new/conventional electrical infrastructure. Moreover, leading equipment manufacturers are also involved in operations & maintenance of existing infrastructure to strengthen their foothold across the industry peripherals.
Some of the key market players operating across the U.S. electric towers & poles industry are:
Market, By Product
Market, By Voltage
The above information has been provided for the following states in the country:
AECOM, MasTec, MMR Group, MYRGROUPINC, PLH Group, Power Line Services, Inc., Primoris Services Corporation, Quanta Services, Valard Construction, Valmont Industries Inc., and Wilson Construction Company, are some of the major electric towers & poles companies from the U.S.
California market is expected to reach over USD 850 billion by 2032, attributed to the rising electricity demand along with growing investments toward refurbishment of grid infrastructure in the area.
The U.S. electric towers & poles industry from the distribution poles segment is expected to reach over USD 5.1 billion by 2032, due to refurbishment and modernization of the traditional grid infrastructure coupled with increasing electricity demand and favourable regulatory reforms.
The market size for electric towers & poles in U.S. reached USD 4.8 billion in 2023 and is set to register 5.4% CAGR from 2024-2032, owing to the increasing demand for electricity and infrastructure development along with rising integration of renewable energy sources.