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U.S. Electric Towers & Poles Market Size
- Report ID: GMI5181
- Published Date: Jul 2024
- Report Format: PDF
U.S. Electric Towers & Poles Market Size
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 2024 to 2032 CAGR: | 5.4% |
| 2032 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: |
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U.S. Electric Towers & Poles Market Scope
