- 9 May 2019 22:30
Global Galvanized Steel Monopole Market In China Is Expected To Witness The Highest Cagr Growth Of Over 20%
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.
Global Galvanized Steel Monopole Market Dynamics:
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.
Analysis By Segmentation:
The market report has been segmented on the basis of type, application, and region/ country. The type segment includes <30m, 30m-40m, 40m-50m, and >50m. The application segment includes civil use and military use. The regions/ countries covered in the analysis includes North America, Europe, China, Japan, Southeast Asia, India, South America, Middle East & Africa, and Rest of the World.
By Type: The 40m-50m segment accounted for highest revenue share contribution as compared to other type segment in 2017, and is expected to register a CAGR of over 20% between 2018 and 2027
By Application: The civil use segment is projected to account for highest revenue share as compared to that of other application segment in 2018, and register a CAGR of over 18% over the forecast period
By Region/ Country: The market in China accounted for highest revenue share in the global galvanized steel monopole market in 2017, and is expected to register a CAGR of over 22% between 2018 and 2027
Global Galvanized Steel Monopole Market: Competitive Analysis
The research report on the global galvanized steel monopole market include profiles of some of major companies such as 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., Alupole, Bajaj Electricals Limited, and Europoles GmbH & Co. KG.
The Global Galvanized Steel Monopole Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017–2026 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global galvanized steel monopole market for 2017–2028.
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