Galvanized Steel Monopole Market By Type (50m) By Application (Military Use, Civil Use) and Region - Global Forecast 2026
3rd August 2018
- find_in_page Our Research Methodology is based on the following main points:
- Data Collections and Interpretation
- Data Validation
- Final Projections and Conclusion
The global galvanized steel monopole market was valued at approximately US$ 0.4 Bn in 2017, and is expected to register a CAGR of 19%. The report offers in-depth insights, revenue details, and other vital information regarding the global galvanized steel monopole market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global galvanized steel monopole market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global galvanized steel monopole market is segmented on the basis of type, application, and region/ country.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Monopole Tower is a kind of tower that consists of one stem or one pole anchored to the ground. Monopoles are polygonal sectioned and hot dip galvanized hollow steel structures used in various application in telecommunication, power transmission, railway, and other sectors. Monopoles are tubular structures with uniform taper throughout their length, with polygonal cross sections that are tapered with longitudinal welding. Monopoles are generally fabricated from hot dipped galvanized high strength structural steel in a continuous even taper with no bolted joints or sectional splices. Monopoles are the latest advancement in transmission and distribution (T&D) sector, saving space and time for the grid manger and discoms. Monopoles is an alternate solution for antenna mounting because of their limited space requirement and their aesthetically pleasing design. Monopole advantages are required small tower footprint and foundation, fast and easy to erect, available in different types depending upon applications.
Major factors driving growth of the global galvanized steel monopole market is increasing initiatives by various governments in power transmission sector for in supplying electricity to end consumers, and growth of the power sector and development of a robust and non-collapsible transmission infrastructure. Various countries across the globe are witnessing rapid urbanization and growing industrialization, which is raising the challenges related to shrinking availability of land and growing population in villages, towns, and cities, demanding for solutions to address narrow corridors and leave smaller footprints is expected to be high. Thus, this resulting in high adoption of galvanized steel monopoles and which in turn is expected to support market growth.
Moreover, the replacement of traditional and aging transmission infrastructure with the use of monopoles, which is expected to support growth of the global galvanized steel monopole market to a substantial extent over the forecast period. In addition, advantages over conventional lattice towers such as flexible structure, easier, more cost-effective, less space is required, without compromising on capacity, required less time for erection, etc. are some factors boosting the demand of galvanized steel monopoles across the globe.
However, manufacturing limitations related to galvanized steel monopoles for voltages exceeding 765 kV is expected to hamper growth of global galvanized steel monopole market to a certain extent over the forecast period. In addition, Challenges Arising from Transportation of Monopoles due to heavier compared to lattice towers, and more difficult to transport for deployment, especially places at higher altitudes or in hilly areas is expected to restraint the growth of the global galvanized steel monopoles over the forecasted years.
Technological advancements in survey methods have resulted in reducing time and cost. LiDAR technology is gaining popularity in Asia Pacific region for transmission line route optimization and has resulted in an optimal solution for topographic mapping. This is attributing to the growth of the global galvanized steel monopole market.
Increasing adoption of monopoles in railway sector in developing countries for power transmission at metro stations, especially in India and other Asian countries, due to limited space available in these areas is the ongoing trend witnessed in the global galvanized steel monopoles market. In addition, increasing need for renewable resources to reduce dependency on fossil fuels for energy generation is expected to create lucrative opportunities for players in the market. Raising awareness among utility decision making committees about various advantages and benefits of galvanized steel monopoles in comparison to lattice towers is expected to support growth of the global galvanized steel monopole market significantly.
Market Analysis by Type:
On the basis of type, 40 – 50m segment is expected to contribute major revenue share in the global galvanized steel monopole market and is expected to witness highest CAGR of over 20%, in terms of revenue over the forecast period, owing to high deployment of this type of monopole tower at railway sector in the developing and developed countries across the globe.
Market Analysis by Application
Among all the application segments, civil use is expected to contribute major revenue share in the global galvanized steel monopole market and is expected to witness highest CAGR of over 18%, in terms of revenue over the forecast period, due to high adoption rate for power distribution and increasing government initiatives and programs to increase power generation capacity and replace existing aging power transmission infrastructure, especially in developed countries such as the US and the UK, would aid manufacturers to generate high-growth revenues in the near future.
In addition, government initiatives are focused on promoting use of renewable energy, owing to increasing pollution levels as a result of using non-renewable sources in power generation plants, which in led increased the deployment of galvanized steel monopoles.
Market Analysis by Region:
North America market is expected to dominate the global galvanized steel monopole market, and is expected to account for largest market revenue share as compared to that of markets in other regions/ countries. Driving factors for growth of the galvanized steel monopole market are increasing spending on infrastructure and rising demand for galvanized steel monopoles from the power generation sector for power transmission, owing to its advantages such as less space requirement, easy fabrication, and various other advantages over lattice power transmission towers.
In addition, the government of North America region are taking several initiatives for research and development activities, in order to reduce carbon emissions at power generation facilities is another factor expected to boost adoption of galvanized steel monopoles for building grid networks for transmission of renewable energy, and in turn is expected to drive growth of the market.
China market is expected to witness the highest CAGR growth of over 20% in the global galvanized steel monopole market during the forecast period. This is primarily attributed due to, enhanced properties of galvanized steel monopoles which aid in improve power transmission capability and fulfil demand arising from commercial and residential sectors, and enable electrification of remote rural areas in the country, and in turn drive growth of the target market.
Market Segmentation of Global Galvanized Steel Monopole Market:
Global Galvanized Steel Monopole Market Segmentation by type:
Global Galvanized Steel Monopole Market Segmentation by application:
- Military Use
- Civil Use
Global Galvanized Steel Monopole Market Segmentation by region/ country:
- North America
- Southeast Asia
- South America
- Middle East & Africa
- Rest of the World
- MİTAŞ Energy and Metal Construction Inc.
- Falcon Steel America, LLC.
- Valmont Industries, Inc. (Valmont Structures Pvt. Ltd.)
- International Poles
- Xinhang Tower Technology Co., Ltd.
- Skipper Limited
- CHM Industries, Inc.
- Bajaj Electricals Limited
- Europoles GmbH & Co. KG
- 1 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.1 Report Description and Scope
- 2.1.1 Market Definition and Report Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Type
- 2.2.2 Market Snapshot, By Application
- 2.2.3 Market Snapshot, By Region
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