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The market for steel utility poles in the GCC was estimated at USD 221.75 million in 2022, and from 2023 to 2030, it is anticipated to expand at a CAGR of 7.6%. The GCC countries' increased urbanisation and economic growth are what are causing the expansion of the electrical transmission and distribution network. The governments of the GCC nations are also concentrating on renovating already-existing highways, public spaces, and tunnels, among other things, and using smart lighting for improved convenience. Steel utility pole demand is expected to increase as a result of this trend.
As a result of increased government investment across the GCC countries and rising urbanisation, the market for steel utility poles is projected to be driven by smart city initiatives and increased use of road infrastructure. For instance, the government of Qatar has declared that the nation will build smart transportation and eco-friendly logistics and finish electrifying its public transit system by 2030. Beginning in January 2022, the development programme for smart cities will include Lusail City and Msheireb Downtown. Fibre optic cable, electrical cable, overhead power lines, as well as other apparatus like streetlights and transformers, are all supported by the utility poles. Steel utility pole installation is increasing as a result of the material's many advantages, including its durability, adaptability, and environmental friendliness. There are other options on the market, such as utility poles made of wood or composite materials. Utility poles made of wood deteriorate with time and are prone to fire. Composite utility poles are sturdy and are easily mass-produced. Steel poles are a great option for utility lines that are close to forests and roadways because of their low mass-to-energy absorption rate.
Regarding applications, the power transmission and distribution segment led the GCC steel utility poles market and is anticipated to maintain its dominance, exhibiting a CAGR of over 6% throughout the forecast period. Due to their strength, resilience, and capacity to withstand adverse environmental conditions, steel utility poles are favoured for energy transmission and distribution applications. Medium and low-voltage distribution lines that bring power to residences, places of business, and other structures are supported by steel utility poles. These poles can be made in a variety of sizes and shapes to suit a variety of uses.
Increasing investments in the modernization and expansion of power lines are responsible for the expansion of the electricity transmission and distribution segment. For instance, the Dubai energy and Water Authority (DEWA) stated in July 2022 that it will invest over USD 10.8 billion on water and energy projects over the following five years. Additionally, Bahrain's Electricity and Water Authority (EWA) and Nokia signed a contract in November 2021 to update their distribution network with a private LTE network for better performance and efficiency. Due to an increase in demand for ornamental street lighting throughout the GCC countries, the lighting category is predicted to experience the greatest CAGR of almost 8% over the projection period. Additionally, the region's growing trend of improving road infrastructure presents a development opportunity for the market. For instance, the Corniche Road decorative light pole installation project was started in September 2021 by the Supervisory Committee of Beautification of Roads and Public Places, Qatar. These poles are produced locally utilising raw materials from the area.
Report Coverage
Global GCC Steel Utility Poles research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global GCC Steel Utility Poles report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and GCC Steel Utility Poles competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key GCC Steel Utility Poles market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global GCC Steel Utility Poles market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, GCC Steel Utility Poles market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Al- Babtain Power & Telecommunication Co.; Europoles Middle East LLC; Galvanco; Energya; Hidada Ltd.; Hapco; HAS Engineering L.L.C.; Orbix International LLC; Metrosmart International Trading & Contracting W.L.L.; Saleh and Abdulaziz Abahsain Co. Ltd. (Omega Company); galvacoat.ae; Techno Pole Industries LLC
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global GCC Steel Utility Poles market based on the below-mentioned segments:
Global GCC Steel Utility Poles Market, By Pole
Less than 6 meter
6 to 15 meter
Above 15 meter
Global GCC Steel Utility Poles market, By Application
Electricity transmission & distribution
Lighting
Telecommunications
Others
Global GCC Steel Utility Poles market, Regional Analysis
As a result of increased government investment across the GCC countries and rising urbanisation, the market for steel utility poles is projected to be driven by smart city initiatives and increased use of road infrastructure. For instance, the government of Qatar has declared that the nation will build smart transportation and eco-friendly logistics and finish electrifying its public transit system by 2030. Beginning in January 2022, the development programme for smart cities will include Lusail City and Msheireb Downtown. Fibre optic cable, electrical cable, overhead power lines, as well as other apparatus like streetlights and transformers, are all supported by the utility poles. Steel utility pole installation is increasing as a result of the material's many advantages, including its durability, adaptability, and environmental friendliness. There are other options on the market, such as utility poles made of wood or composite materials. Utility poles made of wood deteriorate with time and are prone to fire. Composite utility poles are sturdy and are easily mass-produced. Steel poles are a great option for utility lines that are close to forests and roadways because of their low mass-to-energy absorption rate.
Regarding applications, the power transmission and distribution segment led the GCC steel utility poles market and is anticipated to maintain its dominance, exhibiting a CAGR of over 6% throughout the forecast period. Due to their strength, resilience, and capacity to withstand adverse environmental conditions, steel utility poles are favoured for energy transmission and distribution applications. Medium and low-voltage distribution lines that bring power to residences, places of business, and other structures are supported by steel utility poles. These poles can be made in a variety of sizes and shapes to suit a variety of uses.
Increasing investments in the modernization and expansion of power lines are responsible for the expansion of the electricity transmission and distribution segment. For instance, the Dubai energy and Water Authority (DEWA) stated in July 2022 that it will invest over USD 10.8 billion on water and energy projects over the following five years. Additionally, Bahrain's Electricity and Water Authority (EWA) and Nokia signed a contract in November 2021 to update their distribution network with a private LTE network for better performance and efficiency. Due to an increase in demand for ornamental street lighting throughout the GCC countries, the lighting category is predicted to experience the greatest CAGR of almost 8% over the projection period. Additionally, the region's growing trend of improving road infrastructure presents a development opportunity for the market. For instance, the Corniche Road decorative light pole installation project was started in September 2021 by the Supervisory Committee of Beautification of Roads and Public Places, Qatar. These poles are produced locally utilising raw materials from the area.
Report Coverage
Global GCC Steel Utility Poles research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global GCC Steel Utility Poles report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and GCC Steel Utility Poles competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key GCC Steel Utility Poles market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Al- Babtain Power & Telecommunication Co.; Europoles Middle East LLC; Galvanco; Energya; Hidada Ltd.; Hapco; HAS Engineering L.L.C.; Orbix International LLC; Metrosmart International Trading & Contracting W.L.L.; Saleh and Abdulaziz Abahsain Co. Ltd. (Omega Company); galvacoat.ae; Techno Pole Industries LLC |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of GCC Steel Utility Poles Market from 2021 to 2030.
- Market Forecast for GCC Steel Utility Poles Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, GCC Steel Utility Poles competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on GCC Steel Utility Poles
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global GCC Steel Utility Poles market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, GCC Steel Utility Poles market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Al- Babtain Power & Telecommunication Co.; Europoles Middle East LLC; Galvanco; Energya; Hidada Ltd.; Hapco; HAS Engineering L.L.C.; Orbix International LLC; Metrosmart International Trading & Contracting W.L.L.; Saleh and Abdulaziz Abahsain Co. Ltd. (Omega Company); galvacoat.ae; Techno Pole Industries LLC
Primary Target Market
- Market Players of GCC Steel Utility Poles
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global GCC Steel Utility Poles market based on the below-mentioned segments:
Global GCC Steel Utility Poles Market, By Pole
Less than 6 meter
6 to 15 meter
Above 15 meter
Global GCC Steel Utility Poles market, By Application
Electricity transmission & distribution
Lighting
Telecommunications
Others
Global GCC Steel Utility Poles market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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