Utility Pole Market Is Expected to Reach $49.9 Billion by 2023
According to a new market report published by Lucintel, the future of the utility pole market looks good with opportunities in the transmission and distribution sectors. The global utility pole market is expected to reach an estimated $49.9 billion by 2023 with a CAGR of 4.2% from 2018 to 2023. The major growth drivers for this market are increasing power generation capacity, growing transmission and distribution infrastructure, and replacement of aging existing networks.
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