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Distribution Lines And Poles Market Worth $100 Billion By 2025 | CAGR: 3.9%

Author : Rahul Sankrityayan | Published Date : 2019-08-09 

Distribution Lines and Poles Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.

Distribution lines and poles market is anticipated to exceed USD 100 billion by 2025. Rapid increase in population in line with growing efforts toward electrification has led to a substantial rise in electricity demand, which in turn will drive the distributed lines and poles market growth. For instance, the Government of India, has spent approximately USD 3.6 billion toward rural electrification between 2014 to 2018.

Ongoing investments toward replacement and refurbishment of the aging power distribution infrastructure will boost the distribution lines and poles market. For instance, as per the U.S. Energy Information Administration (EIA), in 2017, key utilities across the U.S. have invested over USD 50 billion in electricity distribution systems. Moreover, growing per capita consumption of electricity, primarily attributed to increasing adoption of HVAC appliances will stimulate the industry over the forecast time frame.

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The ≤11 kV distribution lines market is anticipated to grow over 4% by 2025. Growing electricity demand from small commercial and residential sector, on account of burgeoning population growth and ongoing commercialization will further escalate product deployment. For instance, MDPI in 2018, forecasted the annual consumption of electricity from residential sector in Nigeria to reach 61 TWh/year in 2030, witnessing a growth of over 50% from 2015.

Extended service life, standard quality, light weight and high strength are some of the key features that will boost the steel distribution poles market. In addition, minimal environmental impact associated with the use of steel poles coupled with its immunity to rodents, fire and rotting makes the product adoption preferable over available counterparts. As per the American Iron and Steel Institute (AISI), in 2018, over 300 utilities across the U.S. are deploying steel poles to replace wood distribution poles.

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North America distribution lines and poles market is set to grow on account of ongoing investments toward the refurbishment and substitution of aging distribution infrastructure. For instance as per The Wisconsin Economic Development Corporation (WEDC), Canada will need investments worth USD 350 billion in a time span of 20 years from 2017, to renew and upgrade its aging grid infrastructure. Moreover, extensive investments are required across the power distribution industry to accommodate the growing power demand and changing consumption pattern.

ABC distribution lines market will witness rapid growth owing to its safe operation, high reliability, better adaptability and extensive current carrying capacity. Ongoing urbanization accompanied by growing population has led to congestion of space in major cities around the word, thus necessitating the adoption of ABCs in distribution system. Furthermore, growing concerns toward high AT&C losses in distribution system has raised the focus of utilities toward substitution of bare conductors with ABCs.

Key industry players active in the distribution lines and poles market include Fifan, ZTT, Bell Lumber & Pole, Versalec, KEI, Pelco, Lamifil, Stresscrete, Nexans, Apar Industries, Stella Jones, Riyadh Cables and Valmont amongst others.

Related Report:

Servo Drive Market 2025

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HVDC Cables Market 2025

https://www.prnewswire.com/news-releases/global-hvdc-cables-market-2019-2025-report-voltage-installation--application-analysis-by-global-market-insights-inc-300892940.html

 

 

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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