Electricity is transmitted and distributed from power providers to end customers via utility poles, also known as electric power poles. They have transformers, lightning arrestors, cutouts, cross arms, and insulators installed. Additionally, they accommodate a variety of wire types, including ground, guy, telephone, neutral, and secondary cables. Wooden, concrete, steel tube, and rail electric poles are a few types of utility poles that are frequently employed in the electrical system.
United States Utility Transmission Pole Market Driving Factors and Challenges
Driving Factors-
Increased Energy Consumption is a Key Driver of Market Growth
The need for power rises along with the population of the United States. More homes, companies, and industries means more people who need electricity to run them. Cities are hubs of innovation and economic activity. The demand for energy-intensive services like electronic gadgets, heating, cooling, and transportation rises as more people move into cities, putting further stress on the electrical system. Electricity usage in industrial processes is significant. The need for energy to run factories and other manufacturing facilities grows as economies grow and industrial sectors get bigger.
Challenges- The Utility Transmission Pole Market confronts considerable restraints due to the high initial costs of installing and maintaining new transmission poles. The cost of building new infrastructure, particularly with modern materials like steel or composite poles, can be high. These materials, while good for longevity and durability, come at a high cost, which can impede quick implementation, particularly in countries with limited resources. These upgraded poles require less regular maintenance, but it is still a substantial long-term expense that affects ownership costs overall and may even impede market expansion. Because budgetary restrictions are frequently more stringent in emerging nations, this aspect is especially noticeable there and inhibits the market's growth.
Impact of COVID-19 on United States Utility Transmission Pole Market
During the pandemic, lockdown procedures were required by the governments of numerous nations in order to stop the virus from spreading further. Nevertheless, the economies of the countries in the region were negatively harmed by these actions. Government travel restrictions brought up by the outbreak also caused supply chain disruptions. This led to a labour scarcity and delays in numerous utility transmission pole projects. The lockdown caused many industries to shut down, which decreased the region's industrial sector's need for power.
United States Utility Transmission Pole Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Stella-Jones, Sabre Industries, Bell Lumber & Pole, Quanta Services, KEC International Ltd, Kiewit Corporation, Valard Constructions, Burns & McDonnell, PLH Group, Wilson Construction and Others.
United States Utility Transmission Pole Market Segmentation:
By Pole Size: Based on the Pole Size, United States Utility Transmission Pole Market is segmented as; Below 40ft, 40ft-70ft, Above 70ft.
By Material: Based on the Material, United States Utility Transmission Pole Market is segmented as; Steel, Concrete, Wood.
By Voltage Rating: Based on the Voltage Rating, United States Utility Transmission Pole Market is segmented as; Low Voltage, Medium Voltage, High Voltage.
By Region: This research also includes data for Northeast, South, Midwest, West.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.