Utility Poles Market to Hit Valuation of USD 68.73 Billion By 2032 | Astute Analytica [Yahoo! Finance]
Eaton Corporation, PLC Ordinary Shares (ETN)
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Source: Yahoo! Finance
Increasing urbanization and government investments in electrification projects further bolster the market's lucrative potential, presenting robust opportunities for stakeholders and investors. New Delhi, July 02, 2024 (GLOBE NEWSWIRE) -- The global utility poles market is projected to reach a valuation of US$ 68.73 billion by 2032 from revenue of US$ 45.85 billion in 2023 at a CAGR of 4.6% during the forecast period from 2024 to 2032. Utility poles are witnessing strong demand globally due to the exponential growth in urbanization and the need for enhanced infrastructure to support increasing populations. With over 55% of the world's population residing in urban areas as of 2023, cities are expanding their electrical and communication networks to accommodate this growth. This urban expansion is projected to drive the utility poles market at a CAGR of 4.3% from 2023 to 2032. Additionally, the shift towards renewable energy sources, such as wind and solar power, which often requires
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