Distribution Lines and Poles Market Size

Distribution Lines and Poles Market Size

Distribution Lines and Poles Market was valued at USD 104.5 billion in 2023 and is set to grow at a CAGR of 3.5% from 2024 to 2032, attributed to the regulatory measures to supply effective and reliable power to all set of consumers. Policymakers are working aggressively to enhance their supply network in order to deliver continuous power at affordable prices. Moreover, significant investments are made to develop new lines and upgrade the existing network with enhanced security and supply features.

The global power sector is undergoing dramatic change with significant rise in the electricity consumption across rural and urban areas, which in turn requires grid transparency, & reliability. As a result, utilities are making significant investments toward automation and monitoring solutions to effectively secure their supply network.