According to a new market report published by Lucintel, the future of the global FRP pole market looks promising with opportunities in power transmission and distribution, and telecommunication. The global FRP pole market is expected to reach an estimated $306.4 million by 2027 with a CAGR of 5.6% from 2021 to 2027. The major drivers for the growth of global FRP pole market are the ongoing replacement of obsolete wooden poles and performance benefits of FRP poles like rot and corrosion resistance, minimal maintenance, and easy installation over wood, steel, and other poles.
Browse 71 market data tables and 78 figures spread through 171 pages and in-depth TOC on “Global FRP Pole Market"
In this market, pultrusion, filament winding, and centrifugal casting are the process for manufacturing FRP pole. Lucintel forecasts that filament winding is expected to remain the largest market by value, mainly driven by applications in different industries. Centrifugal casting is expected to witness highest growth over the forecast period.
Within the FRP pole market, power transmission & distribution will remain the largest application and telecommunication is expected to witness the highest growth over the forecast period due to FRP poles’ high strength-to-weight ratio; durability; good handling of typical distribution loads, including phone lines, cable lines, and other standard pole mounted boxes; and easily installation.
North America is expected to remain the largest market over the forecast period due to the ongoing replacement of obsolete wooden poles in the US. APAC is also expected to witness the highest growth over the forecast period.
Emerging trends, which have a direct impact on the dynamics of the FRP pole industry, includes focus on modular pole systems, increasing demand for fire resistance FRP poles, and growing demand for UV resistance properties in FRP pole. Valmont, Petrofisa, Geotek, RS Technology, and Creative Pultrusion are among the major FRP pole manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global FRP pole market by end use, product type, product form, skin characteristics, gender, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global FRP Pole Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global FRP pole market by application, process, composite material, and region as follows:
By Application [Value ($B) and Volume (000’ units) shipment analysis for 2016 – 2027]:
•Power Transmission and Distribution
•Telecommunication
•Lighting and Other Industries
By Process [Value ($B) and Volume (000’ units) shipment analysis for 2016 – 2027]:
•Pultrusion
•Filament Winding
•Centrifugal Casting
By Composite Material [Value ($B) and Volume (000’ units) shipment analysis for 2016 – 2027]:
•Fiber
•Resin
•Polyurethane
•Polyester
•Others
By Region [Value ($B) and Volume (000’ units) shipment analysis for 2016 – 2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 171-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/frp-pole-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global FRP pole market by application (power transmission and distribution, telecommunication, lighting and other industries), process (filament winding, pultrusion, and centrifugal casting), composite material (resin and fiber), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?