US Power Transmission Steel Poles Market Forecast to 2030 – COVID-19 Impact and Regional Analysis – by Pole Size (Below 40 FT, 40 to 70 FT, and Above 70 FT), By Current (Electricity Transmission & Distribution, Telecommunication, Street Lighting, Heavy Power Lines, Sub Transmission Lines, and Others)
The US power transmission steel poles market is expected to grow from US$ 422.65 million in 2022 to US$ 758.32 million by 2030; it is estimated to register a CAGR of 7.9% from 2023 to 2030.
Market Introduction
The electric power utility industry widely uses steel poles for power transmission and distribution. Due to greater mechanical strength of steel poles, it is extensively adopted in the utility sector to transmit power to end-use industries such as power, transportation, residential, commercial, and others. Steel poles have a long life and can be extended further by proper maintenance and paints as a coating for prolonging life. The poles can withstand severe climatic conditions and permit longer spans. Steel can be easily shaped, welded, and bolted in different arrays, which makes it a suitable option for the utility industry to install power transmission poles of different heights.
A wood pole has a service life of ∼30 to 40 years, while steel poles exhibit service lives of 50–80 years with proper maintenance. Chemical treatments are required to maintain and protect wood poles and extend their life, whereas steel poles don’t require harsh chemical treatments. The use of steel poles offers important natural advantages, including less greenhouse gas and vaporized releases. Therefore, steel poles are widely preferred over wood poles for power transmission due to their benefits in the US. Growing awareness regarding the environmental benefits of installing steel poles has led to the initiation of several projects for wood-to-steel pole replacement. As the country has millions of wooden poles, the need for their replacement generates the demand for steel poles, which drives the US power transmission steel poles market growth.
Moreover, the growing infrastructure development across the US requires a constant, uninterrupted power supply. Installing steel poles for power transmission to these infrastructures fuels the power transmission steel poles market growth. The rise in the telecommunication industry due to digitalization and the need for high-speed internet generates demand for power transmission steel poles in the newly developed telecom infrastructures. The rising investment by the government to boost their telecommunication sector further propels the US power transmission steel poles market growth.
Key Market Segments
The US power transmission steel poles market size is segmented on the basis of pole size, application, and geography. Based on application, the US power transmission steel poles market size is segmented into electricity transmission and distribution, telecommunication, street lighting, heavy power lines, sub transmission lines, and others. In 2022, the electricity transmission and distribution segment held the largest US power transmission steel poles market share. Utility companies use two distinct types of power lines—transmission and distribution power lines—to transport electricity from generation sources to consumers. Transmission lines are generally used to carry electricity over long distances, and distribution lines are used for shorter distances. These power lines demand steel poles to transmit electricity due to their longer life span, durability, and reliability. In addition, rising demand for electricity and growing awareness regarding clean electricity generation in the country have contributed to the investments for a net-zero carbon economy. For instance, in August 2022, the board of directors of the Midcontinent Independent System Operator (MISO) approved the US$ 10.3 billion grid expansion to grow grid reliability, lower system costs, and eliminate barriers to renewable energy projects waiting for grid interconnection. These grid interconnection constructions from renewable power stations to consumer generates the demand for steel poles to transmit electricity, further fueling the US power transmission steel poles market growth.
Major Sources and Companies Listed
Valmont Industries Inc, Weatherspoon & Williams LLC, Sabre Industries Inc, Browning Enterprise Inc, Nello Corp, SAE Towers Holdings LLC, Metalpol SA de CV, Central Steel Service Inc, Nova Pole International Inc, Nucor Corp, Meyer Utility Structures are some of the key US power transmission steel poles market players. Various other companies are also introducing new technologies and offerings, helping the US power transmission steel poles market players to expand their business in terms of revenue.
Reasons to Buy Report
- To understand the US power transmission steel poles market landscape and identify market segments that are most likely to guarantee a strong return.
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the US power transmission steel poles market.
- To efficiently plan M&A and partnership deals in the US power transmission steel poles market analysis by identifying market segments with the most promising probable sales.
- To make knowledgeable business decisions from the perceptive and comprehensive analysis of the market performance of various US power transmission steel poles market segments.
- To obtain revenue forecast for the US power transmission steel poles market by various segments from 2023 to 2030 in US$.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.4 US Power Transmission Steel Poles market has been segmented as follows:
1.4.1 Power Transmission Steel Poles Market – By Pole Size
1.4.2 Power Transmission Steel Poles Market – Current
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Power Transmission Steel Poles Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 US
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Power Transmission Steel Poles Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Replacement of Wood Poles
5.1.2 Increasing Demand for Electricity
5.2 Market Restraints
5.2.1 Availability of Substitute Products
5.3 Market Opportunities
5.3.1 Growing Infrastructure Development
5.4 Future Trends
5.4.1 Growing Telecommunication Sector
5.5 Impact Analysis of Drivers and Restraints
6. Power Transmission Steel Poles Market – US Analysis
6.1 US Power Transmission Steel Poles Market Overview
6.2 Power Transmission Steel Poles Market – Revenue and Forecast to 2030 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Power Transmission Steel Poles Market Analysis – By Pole Size
7.1 Overview
7.2 Power Transmission Steel Poles Market, By Pole Size (2022 and 2030)
7.3 Below 40 FT
7.3.1 Overview
7.3.2 Below 40 FT: Power Transmission Steel Poles Market – Revenue, and Forecast to 2030 (US$ Million)
7.4 to 70 FT
7.4.1 Overview
7.4.2 to 70 FT: Power Transmission Steel Poles Market – Revenue, and Forecast to 2030 (US$ Million)
7.5 Above 70 FT
7.5.1 Overview
7.5.2 Above 70 FT: Power Transmission Steel Poles Market – Revenue, and Forecast to 2030 (US$ Million)
8. POWER TRANSMISSION STEEL POLES Market Analysis – By Current
8.1 Overview
8.2 POWER TRANSMISSION STEEL POLES Market, By Current (2022 and 2030)
8.3 Electricity Transmission & Distribution
8.3.1 Overview
8.3.2 Electricity Transmission & Distribution: Power Transmission Steel Poles Market – Revenue, and Forecast to 2030 (US$ Million)
8.4 Telecommunication
8.4.1 Overview
8.4.2 Telecommunication: Power Transmission Steel Poles Market – Revenue, and Forecast to 2030 (US$ Million)
8.5 Street Lighting
8.5.1 Overview
8.5.2 Street Lighting: Power Transmission Steel Poles Market – Revenue, and Forecast to 2030 (US$ Million)
8.6 Heavy Power Lines
8.6.1 Overview
8.6.2 Heavy Power Lines: Power Transmission Steel Poles Market- Revenue and Forecast to 2030 (US$ Million)
8.7 Sub Transmission Lines
8.7.1 Overview
8.7.2 Sub Transmission Lines: Power Transmission Steel Poles Market- Revenue and Forecast to 2030 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Power Transmission Steel Poles Market- Revenue and Forecast to 2030 (US$ Million)
9. Impact of COVID-19 Pandemic on US Power Transmission Steel Poles Market
9.1 US: Impact Assessment of Covid-19 Pandemic
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Mergers & Acquisitions
11. Company Profiles
11.1 Valmont Industries Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Weatherspoon & Williams LLC
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Sabre Industries Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Browning Enterprise Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Nello Corp
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 SAE Towers Holdings LLC Holdings LLC
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Metalpol SA de CV
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Nova Pole International Inc International Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Nucor Corp
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Meyer Utility Structures, LLC
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 Pelco Structural LLC
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Power Transmission Steel Poles Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. List of Abbreviation
LIST OF FIGURES
Figure 1. Power Transmission Steel Poles Market Segmentation
Figure 2. US Power Transmission Steel Poles Market Overview
Figure 3. to 70 FT Segment held the Largest Share of Power Transmission Steel Poles Market
Figure 4. Electricity Transmission & Distribution Segment held the Largest Share of Power Transmission Steel Poles Market
Figure 5. US: PEST Analysis
Figure 6. Expert Opinion
Figure 7. Power Transmission Steel Poles Market Impact Analysis of Drivers and Restraints
Figure 8. Power Transmission Steel Poles Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. POWER TRANSMISSION STEEL POLES Market Revenue Share, By Pole Size (2022 and 2030)
Figure 10. Below 40 FT: Power Transmission Steel Poles Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 11. to 70 FT: Power Transmission Steel Poles Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 12. Above 70 FT: POWER TRANSMISSION STEEL POLES Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 13. Power Transmission Steel Poles Market Revenue Share, By Current (2022 and 2030)
Figure 14. Electricity Transmission & Distribution: POWER TRANSMISSION STEEL POLES Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 15. Telecommunication: Power Transmission Steel Poles Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 16. Street Lighting: Power Transmission Steel Poles Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 17. Heavy Power Lines: Power Transmission Steel Poles Market- Revenue and Forecast to 2030 (US$ Million)
Figure 18. Sub Transmission Lines: Power Transmission Steel Poles Market- Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: Power Transmission Steel Poles Market- Revenue and Forecast to 2030 (US$ Million)
Figure 20. Impact of Covid-19 Pandemic in US Market
- Valmont Industries Inc
- Weatherspoon & Williams LLC
- Sabre Industries Inc
- Browning Enterprise Inc
- Nello Corp
- SAE Towers Holdings LLC Holdings LLC
- Metalpol SA de CV
- Nova Pole International Inc International Inc
- Nucor Corp
- Meyer Utility Structures, LLC
- Pelco Structural LL
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