U.S. Electric Towers & Poles Market Analysis

U.S. Electric Towers & Poles Market Analysis

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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.