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U.S. Electric Towers & Poles Market Size, By Product (Transmission Towers, Distribution Poles), By Voltage (≤ 11 kV, > 11 kV - 33 kV, > 33 kV – 66 kV, > 66 kV – 132 kV, > 132 kV), Industry Analysis Report, State Outlook, Growth Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI5181
  • Base Year: 2021
  • Report Format: PDF

Industry Overview

U.S. Electric Towers & Poles Market size for transmission towers exceeded USD 1.4 billion in 2021 and is set to grow at over 6% between 2022 and 2028. Electric tower & pole structures are connected to overhead conductors, which are aligned for transmitting electrical energy to end-users. Harsh weather conditions coupled with a growing inclination toward sustainable and secure power networks will foster the industry statistics. In addition, the development of smart grid networks and growing demand for the replacement of aging infrastructure will sway the business landscape.
 

U.S. Electric Towers & Poles Market

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Continuous demand for grid modernization along with increasing renewable integration has driven the overall market size

U.S. Electric Towers & Poles Market Size, By Distribution Poles

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The distribution poles segment across the U.S. electric towers & poles market witnessed an annual installation of over 4 million units in 2021 and is anticipated to grow at a CAGR of over 5% through 2028. Shifting public utility focus toward the post-disaster restoration of distribution poles along with rising technological advancements for the refurbishment of distribution infrastructure will drive the industry outlook. Additionally, the aging grid infrastructure along with a paradigm shift toward the adoption of advanced material composites will propel the industry scenario.
 

U.S. Electric transmission towers industry is estimated to witness an annual deployment of over 160 ‘000 MT by 2028. Growing focus toward the development and integration of large-scale renewable-based power projects will increase transmission network demand, which will sway the transmission towers industry expansion. According to EIA, the total solar energy usage across the U.S. increased from 0.06 trillion BTU in 1984 to around 1,246 trillion BTU in 2020. Moreover, increasing installations of long distant high voltage overhead cables to minimize line losses along with providing efficient inter-state power transmission network will boost the business landscape.
 

Government efforts to minimize increasing emissions and provide uninterrupted power supply will increase the installation of advanced towers & poles across the grid network

Government policies & regulations to reduce emissions and provide uninterrupted power supply have inclined utilities’ focus on upgrading conventional T&D infrastructures. Furthermore, public and private partnership initiatives toward the replacement of existing low, medium & high voltage distribution networks coupled with rising adoption of sustainable power sources across the commercial and industrial sectors will boost the industry potential. According to the U.S. Central Bureau, commercial construction spending in the first 11 months of 2021 witnessed an increase of over 7% to USD 1,463 billion compared to 2020. Rising construction activities across the commercial sector have influenced state utilities such as the installation of low & medium voltage lines and other electrical structures.
 

Ongoing reconstruction of distribution and transmission lines due to extreme weather conditions will positively sway business demand

United States witnesses several natural disasters annually, which result in the reconstruction and replacement of the power networks, further complementing the U.S. electric towers & poles market forecasts. The South and Southeast regions of the U.S. have observed the highest damage costs, reflecting the widespread vulnerability and severity to a variety of climate & weather events. According to NOAA Climate, states including Texas, Florida & Louisiana lead in the total cumulative costs due to the billion-dollar disasters. Government efforts to revamp existing power networks along with pre-disaster recovery planning and post-disaster restoration for electric poles & towers will propel the industry outlook.
 

Robust microgrid integration along with ongoing commercialization and industrialization will sway business trends

The ≤ 11 kV electric distribution poles market witnessed an annual installation of over 3 million units in 2021 and is anticipated to grow at a rate of 5% through 2028. In addition, the industry witnessed a shift from wooden poles to steel poles across low to medium voltage networks due to their high durability and enhanced product life cycle, which will sway the industry scenario. Moreover, the ongoing microgrid integration along with the replacement of traditional & aging distribution networks has instituted a favorable business scenario.
 

The > 132 kV electric transmission towers market is anticipated to grow on account of an increasing number of solar and wind power projects along with increasing installations of long distant high voltage overhead cables to minimize line losses across the interstate power transmission network will boost the business scenario. Additionally, ongoing project pipelines to connect interstate electric grids with advanced transmission overhead lines will foster the demand for new electric infrastructure.
 

Increasing electricity demand along with the growing adoption of advanced T&D infrastructures will sway the U.S. electric towers & poles market forecasts

U.S. Electric Towers & Poles Market Size, By Transmission Towers

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California electric towers & poles market is anticipated to grow on account of the reconstruction and refurbishment of T&D networks along with the development of new interstate line networks to cater to the rising electricity demand. Upgrading of traditional grid infrastructure, expansion of transmission & distribution flexibility and capacity, and built-in advanced IoT-based units will augment the industry statistics. The rising necessity of grid modernization to improve reliability and security for meeting new standards combined with easy access to sustainable power through a re-structured network will further accelerate the business landscape.
 

New Mexico electric poles market is anticipated to grow at a rate of over 7% between 2022 and 2028. Government initiatives for the adoption of advanced and efficient technologies across existing establishments along with a rise in renewable integration will propel industry growth across the commercial sector. For instance, as of June 2021, Santa Fe city in New Mexico witnessed a growth of approximately 5,000 residential units that are either under construction or have been completed. This has further resulted in the installation of more electric supply units to compensate the rising electricity demand.
 

Ongoing strategic partnerships, utility schemes, and norms will enhance the adoption of new T&D infrastructure

Despite the pandemic impact, major renewable projects were commissioned and have not observed any delay. For instance, in 2020, the U.S. government introduced various guidelines stating replacement, installation & maintenance work with respect to upcoming power projects. The construction of existing or new grids is considered under vital business activities, which were permitted to operate without any hindrance.
 

Eminent players operating across the U.S. electric towers & poles market include Quanta Services, MYRGROUPINC, KEC International Ltd., Kiewit Corporation, Valard Construction, Burns & McDonnell, AECOM, PLH Group, Wilson Construction Company, Power Line Services, Inc., MMR Group, H&M Shared Services, Inc., MasTec, Primoris Services Corporation, MDU Construction Services Group, Valmont Industries, Inc., Sabre Industries, Inc., and MEYER UTILITY STRUCTURES, LLC (Trinity).
 

The U.S. Electric Towers & Poles Market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘MT’, ‘Units’ & ‘USD’ from 2018 to 2028 for the following segments:

By Product

  • Transmission Towers
  • Distribution Poles

By Voltage

  • ≤ 11 kV
  • > 11 kV - 33 kV
  • > 33 kV – 66 kV
  • > 66 kV – 132 kV
  • > 132 kV

The above information has been provided for the following U.S. states:

  • California
  • Arizona
  • New Mexico
  • Texas
  • Louisiana
  • Mississippi
  • Oklahoma
  • Arkansas
  • Georgia
  • Florida

 

Authors: Ankit Gupta, Shubhankar Dimri

Frequently Asked Questions (FAQ) :

The electric towers & poles industry share in the U.S. has exceeded USD 1.4 billion in 2021 and will witness a growth rate of more than 6% up to 2028 with the rising development of smart grid networks and increasing need for replacing the aging infrastructure.

The regional electric towers & poles market size from the distribution poles product segment is expected to strike a CAGR of around 5% through 2028 owing to the higher technological advancements towards the refurbishment of distribution infrastructure.

The share from ? 11 kV electric distribution poles industry is likely to witness a growth rate of more than 5% through 2028 driven by the rising microgrid integration and the surging need to replace the traditional & aging distribution networks.

Quanta Services, KEC International Ltd., Valard Construction, AECOM, PLH Group, Wilson Construction Company, MMR Group, H&M Shared Services, Inc., Valmont Industries, Inc., and Sabre Industries, Inc., are some leading electric towers & poles industry players in the country.

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Premium Report Details

  • Published Date: Jan 2022
  • Companies covered: 18
  • Tables & Figures: 226
  • Countries covered: 10
  • Pages: 245

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