Home > Energy & Power > Electrical Equipment > Electrical Infrastructure > U.S. Electric Towers & Poles Market

U.S. Electric Towers & Poles Market Trends

Report ID: GMI5181
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

U.S. Electric Towers & Poles Market Trends

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.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.