U.S. Electric Towers & Poles Market Analysis

U.S. Electric Towers & Poles Market Analysis

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.

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.

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.
 

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.