Distribution Lines and Poles Market size worth over $130 Bn by 2030

Distribution Lines and Poles Market size is set to exceed USD 130 billion by 2030, according to a new research report by Global Market Insights Inc.
 

The market growth is attributed to the rising electricity demand and favorable regulatory reforms for the refurbishment, development & expansion of existing electrical distribution infrastructures. Shifting focus on the usage of smart grid networks along with the deployment of advanced technological systems and equipment will significantly fuel the business scenario. Furthermore, the elevating peak load demand together with the increasing occurrence of electrical losses has led to the demand for capacity expansion, which in turn, will accelerate the product deployment.
 

The COVID-19 pandemic has delayed the overall distribution lines and poles market operations in an unprecedented manner as the first & second waves have severely disturbed the global industry expansion. However, the upliftment of several restrictions enforced by governing authorities owing to the introduction of numerous vaccination drives has brought operations back into routine, which further provided stability across the industry. The upliftment also enabled global movement, followed by ongoing electrification projects for the development of distribution infrastructures, which will augment the industry outlook.
 

Growing investments in distribution line infrastructures coupled with the rapid adoption of smart electricity networks

The primary lines segment in the distribution lines and poles market is expected to showcase substantial gains during the forecast period, credited to the increasing urbanization across developing nations coupled with surging electricity demand. In addition, rising efforts by various governments and policymakers to expand the energy infrastructure across remote areas will sway the industry dynamics. The rapid growth of distribution networks with extra & ultra-high voltages is due to the accelerating energy demand across the industrial and commercial sectors, which will further enhance the distribution lines industry.
 

Browse key industry insights spread across 790 pages with 1609 market data tables & 25 figures & charts from the report, “Distribution Lines and Poles Market Size By Lines (Voltage {≤ 11 kV, 11 kV - 33 kV, > 33 kV}, Application {Primary, Secondary}, Product {Open Wire, ABC}), By Poles (Voltage {≤ 11 kV, 11 kV - 33 kV, > 33 kV}, Height {< 10 Meters, 10 - 16 Meters, > 16 Meters}, Material {Wood, Concrete, Steel}), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2030”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/distribution-lines-and-poles-market
 

Growing electricity demand along with the expansion of LV distribution lines

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The ≤ 11 kV lines segment is predicted to observe a 6% growth rate till 2030. The increasing demand for LV connections and the rapid surge in population will stimulate the market demand. Additionally, the integration of smart energy grid networks across the industrial and commercial sectors will spur the market expansion.
 

The 11 kV - 33 kV distribution lines and poles market is anticipated to register a noteworthy growth during the forecast timeframe, impelled by the continuing investments in the expansion of commercial centers together with small-scale industrial development. The increasing need for Heating, Ventilation, and Air Conditioning (HVAC) equipment will further escalate the product deployment. Moreover, the rising energy demand across the commercial sector and ongoing urbanization have further instituted a favorable business landscape across the industry.
 

The Asia Pacific distribution lines and poles market is poised to witness a sheer turnaround on account of the refurbishment of prevailing electrical distribution networks along with the growing energy demand across commercial and industrial establishments. Furthermore, the rising peak load demand across developing nations coupled with rapidly increasing urbanization rates will positively influence the industry landscape.
 

Eminent players operating across the distribution lines and poles market include Nexans, alfanar Group, KEI Industries Limited, Riyadh Cables Group, Elsewedy Electric, APAR Industries, Quanta Services, ZTT, MYR Group Inc., KEC International Ltd., Kiewit Corporation, AECOM, and Burns & McDonnell, amongst others. These leaders are focusing on augmenting their industry presence through partnerships, strategic mergers, acquisitions, and collaborations.