Steel Utility Poles Market Size, Trends and Insights By Pole Size (Less than 6 meter, 6 to 15 meter, Above 15 meter), By Application (Electricity transmission & distribution, Lighting, Telecommunications, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Valmont Industries
- Nippon Steel Corporation
- SDEE
- KEC International Limited
- Europoles
- Others
Reports Description
Global Steel Utility Poles Market was valued at USD 52.5 Billion in 2024 and is expected to reach USD 67.6 Billion by 2033, at a CAGR of 2.7% during the forecast period 2024 – 2033.
Steel utility poles are structural supports that hold overhead electricity lines, communications cables, and other services. It offers a strong and dependable infrastructure for distributing energy and telecommunications networks.
Steel Utility Poles Market: Growth Factors
Increasing adoption of smart city initiatives
The growing adoption of smart city initiatives is driving development in the steel utility poles market for a variety of reasons. As cities try to become more efficient and connected, there is an increased demand for infrastructure that can accommodate cutting-edge technology like 5G networks, IoT devices, and intelligent street lighting systems.
Steel utility poles have numerous advantages over traditional wooden poles, including increased durability, resistance to extreme weather conditions, and greater load-bearing capacity, making them ideal for supporting the weight of various equipment and technologies used in smart city deployments.
Furthermore, steel poles are frequently constructed with incorporated features such as cable management systems and mounting brackets, which make it easier to attach sensors, cameras, and other smart devices required for city monitoring and administration.
Steel utility poles are a popular alternative for upgrading urban infrastructure in line with smart city aims due to their versatility and adaptability. As more cities around the globe invest in changing their infrastructure to meet the demands of the digital age, the steel utility poles market is expected to grow significantly, driven by the continued expansion of smart city initiatives and the need for robust, future-ready infrastructure solutions.
Growing adoption of sustainable power generation
The rising use of sustainable electricity production is driving growth in the steel utility poles market due to several factors. As renewable energy sources such as wind and solar power grow more widespread, there is a greater requirement for reliable infrastructure to support their transmission and distribution.
Steel utility poles outperform traditional timber poles in terms of longevity, strength, and resistance to environmental elements including weather and pests. This makes them an excellent alternative for sustaining the increased weight and complexity of power lines used in renewable energy installations. Furthermore, steel utility poles are intrinsically more sustainable than their wooden counterparts.
Furthermore, because steel utility poles are scalable, they may be deployed efficiently in both urban and distant places, allowing renewable energy infrastructure to be expanded to a wider range of locales. As governments and utilities worldwide prioritize the transition to clean energy, the demand for steel utility poles is expected to continue rising, driving growth in the market while contributing to a more sustainable energy landscape.
Steel Utility Poles Market: Restraints
Fluctuating prices of raw materials
Raw material prices fluctuate, posing a substantial challenge to the steel utility pole industry. Steel, the principal material used to manufacture utility poles, is prone to price swings caused by a variety of reasons including supply and demand dynamics, geopolitical tensions, and market speculation.
The fluctuation of raw material prices such as iron ore, coal, and scrap metal have a direct influence on the production costs of steel utility poles. Manufacturers must adapt their pricing methods to account for these swings, which can upset market stability and impede long-term planning for utilities and infrastructure projects.
Furthermore, variable raw material prices may prevent potential investors or purchasers from investing in large-scale steel utility pole projects, since material cost uncertainty can influence project budgets and profitability.
Furthermore, abrupt increases in raw material costs can cause supply chain disruptions, manufacturing delays, and allocation concerns, increasing the challenges encountered by producers and consumers in the steel utility poles industry.
To address these problems, industry stakeholders may look into alternative materials, engage in supply chain resilience measures, and use hedging methods to control price risks connected with raw material variations.
Steel Utility Poles Market: Opportunities
Innovations in pole design
Innovations in pole design are considerably influencing the steel utility poles industry, transforming the traditional landscape of utilities. With a growing emphasis on sustainability, robustness, and cost-effectiveness, current pole designs use innovative materials and engineering techniques to improve performance and durability.
Steel utility poles, in particular, benefit from advancements such as high-strength steel alloys, composite materials, and superior corrosion- and environmental-resistant coatings. These advancements not only increase the lifespan of steel poles but also lower maintenance costs and improve safety standards.
Moreover, advances in manufacturing technologies, like as computer-aided design and robotic welding, allow for the fabrication of poles with precise specifications and high structural integrity. Steel’s adaptability enables new pole designs and combinations that suit a wide range of applications and climatic situations.
Furthermore, including smart technology like sensors and communication devices in pole designs allows for remote monitoring, predictive repair, and improved grid management. As utilities attempt to rebuild outdated infrastructure and react to changing energy demands, new steel utility poles emerge as a critical answer, providing stability, efficiency, and sustainability to the future grid.
Steel Utility Poles Market: Segmentation Analysis
The Global Steel Utility Poles market is segmented by pole size, application, and region. Based on pole size, the market is classified into Less than 6 meters, 6 to 15 meters and Above 15 meters. The 6 to 15 meters dominated the market in 2023 with a market share of 47.2% and is expected to keep its dominance during the forecast period 2024-2033.
The 6 to 15-meter drive steel utility poles market is characterized by an increasing need for long-lasting and dependable structures to serve a variety of utility services such as power, telecommunications, and lighting. These poles, which are normally made of high-strength steel, have various advantages over traditional timber poles, including increased durability, weather resistance, and reduced maintenance requirements.
Steel utility poles are favoured in areas prone to extreme weather, such as hurricanes or heavy snowfall, due to their strength and capacity to handle environmental stressors. Furthermore, the growing emphasis on sustainability and environmental conservation has resulted in a trend toward more eco-friendly materials, with steel being a highly recyclable choice.
Furthermore, the adaptability of steel utility poles enables customization based on project specifications, such as height, load-bearing capability, and attachment choices for various utility equipment.
As urbanization and infrastructure development projects expand globally, particularly in emerging economies, the demand for steel utility poles is expected to steadily rise, driven by the need for dependable and resilient utility infrastructure to support growing populations and modernization efforts.
Based on application, the market is classified into electricity transmission & distribution, lighting, telecommunications and others. Electricity transmission & distribution dominated the market in 2023 with a market share of 44.5% and is expected to keep its dominance during the forecast period 2024-2033.
Electricity transmission and distribution play a pivotal role in driving the steel utility poles market due to their essential role in supporting power lines and ensuring reliable electricity supply. Steel utility poles provide various advantages over other materials such as wood or concrete, including increased strength, longevity, and resistance to environmental variables such as corrosion and weathering.
As worldwide energy consumption rises, particularly in urban and developing regions, the requirement for reliable transmission and distribution infrastructure becomes more vital. Steel utility poles, which can handle tremendous loads and severe circumstances, are preferred by utility companies looking for long-term, cost-effective grid network solutions.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 52.5 Billion |
| Projected Market Size in 2033 | USD 67.6 Billion |
| Market Size in 2023 | USD 51.1 Billion |
| CAGR Growth Rate | 2.7% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Pole Size, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Steel Utility Poles Market: Regional Analysis
By region, Steel Utility Poles market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific dominated the global Steel Utility Poles market in 2023 with a market share of 41.6% and is expected to keep its dominance during the forecast period 2024-2033.
The Asia Pacific Rapid urbanization and infrastructure growth in China, India, and Southeast Asian countries has raised the demand for dependable and efficient utility infrastructure, such as power transmission and distribution networks.
Steel utility poles outperform traditional materials like wood in terms of strength, longevity, and resistance to environmental variables such as corrosion and termites, making them the favoured choice for regional utility providers.
Furthermore, the emphasis on updating power networks and extending rural electrification efforts drives up the need for steel utility poles. Furthermore, severe environmental sustainability and safety rules push the use of steel utility poles, which are recyclable and have higher structural integrity, lowering the danger of pole failures and accidents.
The robust growth of industries such as telecommunications, transportation, and renewable energy also helps to expand the Asia-Pacific steel utility poles market, as these sectors require dependable infrastructure to operate. Overall, the Asia-Pacific region’s rapid economic expansion, together with infrastructure development programs and developing regulatory frameworks, is a key driver of the steel utility poles market.
Steel Utility Poles Market: Recent Developments
- In July 2022, the Dubai Electricity and Water Authority (DEWA) announced an investment of about USD 10.8 billion in electricity and water projects in the next five years.
- In November 2021, Bahrain’s Electricity and Water Authority (EWA) signed an agreement with Nokia to modernize its distribution network with a private LTE network for improved performance and efficiency.
- In September 2021, the Supervisory Committee of Beautification of Roads and Public Places, Qatar, commenced installing 1,440 decorative light poles on Corniche Road. These poles are locally manufactured by using indigenous raw materials.
List of the prominent players in the Steel Utility Poles Market:
- Valmont Industries
- Nippon Steel Corporation
- SDEE
- KEC International Limited
- Europoles
- China State Grid Corporation
- Lishu Steel Tower Co. Ltd.
- Omega Factory for Luminaires, Poles & Galvanizing
- Skipper Limited
- Ramboll Group A/S
- Qingdao Megatro Mechanical and Electrical Equipment Co. Ltd.
- Weifang Changan Steel Tower Stock Co.Ltd.
- Emerson Electric Co.
- Kline Iron & Steel Co. Inc.
- McWane Inc.
- Pelco Products Inc.
- The Okonite Company
- RS Technologies Inc.
- Valmont Newmark
- Maschinenfabrik Reinhausen GmbH
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Steel Utility Poles Market is segmented as follows:
By Pole Size
- Less than 6 meter
- 6 to 15 meter
- Above 15 meter
By Application
- Electricity transmission & distribution
- Lighting
- Telecommunications
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Steel Utility Poles Market, (2024 – 2033) (USD Billion)
- 2.2 Global Steel Utility Poles Market: snapshot
- Chapter 3. Global Steel Utility Poles Market – Industry Analysis
- 3.1 Steel Utility Poles Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing adoption of smart city initiatives
- 3.2.2 Growing adoption of sustainable power generation
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Pole Size
- 3.7.2 Market Attractiveness Analysis By Application
- Chapter 4. Global Steel Utility Poles Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Steel Utility Poles Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Steel Utility Poles Market – Pole Size Analysis
- 5.1 Global Steel Utility Poles Market Overview: By Pole Size
- 5.1.1 Global Steel Utility Poles Market Share, By Pole Size, 2023 and 2033
- 5.2 Less than 6 meter
- 5.2.1 Global Steel Utility Poles Market by Less than 6 meters, 2024 – 2033 (USD Billion)
- 5.3 6 to 15 meter
- 5.3.1 Global Steel Utility Poles Market by 6 to 15 Meter, 2024 – 2033 (USD Billion)
- 5.4 Above 15 meter
- 5.4.1 Global Steel Utility Poles Market by Above 15 meter, 2024 – 2033 (USD Billion)
- 5.1 Global Steel Utility Poles Market Overview: By Pole Size
- Chapter 6. Global Steel Utility Poles Market – Application Analysis
- 6.1 Global Steel Utility Poles Market Overview: By Application
- 6.1.1 Global Steel Utility Poles Market Share, By Application, 2023 and 2033
- 6.2 Electricity transmission & distribution
- 6.2.1 Global Steel Utility Poles Market by Electricity transmission & distribution, 2024 – 2033 (USD Billion)
- 6.3 Lighting
- 6.3.1 Global Steel Utility Poles Market by Lighting, 2024 – 2033 (USD Billion)
- 6.4 Telecommunications
- 6.4.1 Global Steel Utility Poles Market by Telecommunications, 2024 – 2033 (USD Billion)
- 6.5 Others
- 6.5.1 Global Steel Utility Poles Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Steel Utility Poles Market Overview: By Application
- Chapter 7. Steel Utility Poles Market – Regional Analysis
- 7.1 Global Steel Utility Poles Market Regional Overview
- 7.2 Global Steel Utility Poles Market Share, by Region, 2023 & 2033 (USD Billion)
- 7.3. North America
- 7.3.1 North America Steel Utility Poles Market, 2024 – 2033 (USD Billion)
- 7.3.1.1 North America Steel Utility Poles Market, by Country, 2024 – 2033 (USD Billion)
- 7.3.1 North America Steel Utility Poles Market, 2024 – 2033 (USD Billion)
- 7.4 North America Steel Utility Poles Market, by Pole Size, 2024 – 2033
- 7.4.1 North America Steel Utility Poles Market, by Pole Size, 2024 – 2033 (USD Billion)
- 7.5 North America Steel Utility Poles Market, by Application, 2024 – 2033
- 7.5.1 North America Steel Utility Poles Market, by Application, 2024 – 2033 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Steel Utility Poles Market, 2024 – 2033 (USD Billion)
- 7.6.1.1 Europe Steel Utility Poles Market, by Country, 2024 – 2033 (USD Billion)
- 7.6.1 Europe Steel Utility Poles Market, 2024 – 2033 (USD Billion)
- 7.7 Europe Steel Utility Poles Market, by Pole Size, 2024 – 2033
- 7.7.1 Europe Steel Utility Poles Market, by Pole Size, 2024 – 2033 (USD Billion)
- 7.8 Europe Steel Utility Poles Market, by Application, 2024 – 2033
- 7.8.1 Europe Steel Utility Poles Market, by Application, 2024 – 2033 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Steel Utility Poles Market, 2024 – 2033 (USD Billion)
- 7.9.1.1 Asia Pacific Steel Utility Poles Market, by Country, 2024 – 2033 (USD Billion)
- 7.9.1 Asia Pacific Steel Utility Poles Market, 2024 – 2033 (USD Billion)
- 7.10 Asia Pacific Steel Utility Poles Market, by Pole Size, 2024 – 2033
- 7.10.1 Asia Pacific Steel Utility Poles Market, by Pole Size, 2024 – 2033 (USD Billion)
- 7.11 Asia Pacific Steel Utility Poles Market, by Application, 2024 – 2033
- 7.11.1 Asia Pacific Steel Utility Poles Market, by Application, 2024 – 2033 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Steel Utility Poles Market, 2024 – 2033 (USD Billion)
- 7.12.1.1 Latin America Steel Utility Poles Market, by Country, 2024 – 2033 (USD Billion)
- 7.12.1 Latin America Steel Utility Poles Market, 2024 – 2033 (USD Billion)
- 7.13 Latin America Steel Utility Poles Market, by Pole Size, 2024 – 2033
- 7.13.1 Latin America Steel Utility Poles Market, by Pole Size, 2024 – 2033 (USD Billion)
- 7.14 Latin America Steel Utility Poles Market, by Application, 2024 – 2033
- 7.14.1 Latin America Steel Utility Poles Market, by Application, 2024 – 2033 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Steel Utility Poles Market, 2024 – 2033 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Steel Utility Poles Market, by Country, 2024 – 2033 (USD Billion)
- 7.15.1 The Middle-East and Africa Steel Utility Poles Market, 2024 – 2033 (USD Billion)
- 7.16 The Middle-East and Africa Steel Utility Poles Market, by Pole Size, 2024 – 2033
- 7.16.1 The Middle-East and Africa Steel Utility Poles Market, by Pole Size, 2024 – 2033 (USD Billion)
- 7.17 The Middle-East and Africa Steel Utility Poles Market, by Application, 2024 – 2033
- 7.17.1 The Middle-East and Africa Steel Utility Poles Market, by Application, 2024 – 2033 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Valmont Industries
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Nippon Steel Corporation
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 SDEE
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 KEC International Limited
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Europoles
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 China State Grid Corporation
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Lishu Steel Tower Co. Ltd.
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Omega Factory for Luminaires Poles & Galvanizing
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Skipper Limited
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Ramboll Group A/S
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Qingdao Megatro Mechanical and Electrical Equipment Co. Ltd.
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Weifang Changan Steel Tower Stock Co.Ltd.
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Emerson Electric Co.
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Kline Iron & Steel Co. Inc.
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 McWane Inc.
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Pelco Products Inc.
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 The Okonite Company
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 RS Technologies Inc.
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Valmont Newmark
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 Maschinenfabrik Reinhausen GmbH
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 Others.
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.1 Valmont Industries
List Of Figures
Figures No 1 to 21
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
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Prominent Player
- Valmont Industries
- Nippon Steel Corporation
- SDEE
- KEC International Limited
- Europoles
- China State Grid Corporation
- Lishu Steel Tower Co. Ltd.
- Omega Factory for Luminaires, Poles & Galvanizing
- Skipper Limited
- Ramboll Group A/S
- Qingdao Megatro Mechanical and Electrical Equipment Co. Ltd.
- Weifang Changan Steel Tower Stock Co.Ltd.
- Emerson Electric Co.
- Kline Iron & Steel Co. Inc.
- McWane Inc.
- Pelco Products Inc.
- The Okonite Company
- RS Technologies Inc.
- Valmont Newmark
- Maschinenfabrik Reinhausen GmbH
- Others
FAQs
The major driver for the Steel Utility Poles market is increasing adoption of smart city initiatives and growing adoption of sustainable power generation.
The “Electricity transmission & distribution” had the largest share in the global market for Steel Utility Poles.
The “Less than 6 meter” category dominated the market in 2023.
The key players in the market are Valmont Industries, Nippon Steel Corporation, SDEE, KEC International Limited, Europoles, China State Grid Corporation, Lishu Steel Tower Co. Ltd., Omega Factory for Luminaires, Poles & Galvanizing, Skipper Limited, Ramboll Group A/S, Qingdao Megatro Mechanical and Electrical Equipment Co. Ltd., Weifang Changan Steel Tower Stock Co.Ltd., Emerson Electric Co., Kline Iron & Steel Co. Inc., McWane Inc., Pelco Products Inc., The Okonite Company, RS Technologies Inc., Valmont Newmark, Maschinenfabrik Reinhausen GmbH, Others.
“Asia-Pacific” had the largest share in the Steel Utility Poles Market.
The global market is projected to grow at a CAGR of 2.7% during the forecast period, 2024-2033.
The Steel Utility Poles Market size was valued at USD 52.5 Billion in 2024.