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News  ›  GlobeNewswire Inc.

Global Utility Poles Market Set to Reach US$ 71.31 Billion by 2033 | Astute Analytica

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Astute Analytica
Global Utility Poles Market Set to Reach US$ 71.31 Billion by 2033 | Astute Analytica

The global utility poles market is projected to grow from US$ 47.45 billion in 2024 to US$ 71.31 billion by 2033 at a CAGR of 4.63%, driven by grid modernization, smart grid integration, and telecom expansion. Distribution poles command 47.4% market share, while energy transmission and distribution account for 79.4% of revenue. Europe is leading investments with major TSOs like TenneT and Elia Group committing billions to renewable energy integration and cross-border connectivity.

Insights
TECK   neutral

Referenced as having a past-producing mine near the exploration site, no direct operational impact


VMI   positive

Listed as a key company in the utility poles market which is experiencing significant growth with projected CAGR of 4.63% through 2033, driven by grid modernization and infrastructure expansion.