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, telecommunication, lighting and others end use industries. The global FRP pole market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach by 2025 with a CAGR of 1% to 2% from 2020 to 2025 . 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 over wood, steel, and other poles; these benefits include rot and corrosion resistance, minimal maintenance, and easy installation.
Browse 49 market data tables and 66 figures spread through 131 pages and in-depth TOC on “Global FRP Pole Market" http://www.lucintel.com/frp-pole-market-2017-2025.aspx
In this market, power transmission and distribution, telecommunication, lighting and others are the major end use industries. On the basis of comprehensive research, Lucintel forecasts that the power transmission and distribution end use industry will show above average growth during the forecast period.
Within the FRP pole market, filament winding, pultrusion, and centrifugal casting are the major processes utilized to manufacture FRP Poles. In this market, glass fiber with polyester resin is predominantly used to manufacture FRP poles.
North America is expected to remain the largest region for the global FRP pole market because of the ongoing replacement of obsolete wooden poles in the US, and this is expected to drive further demand of the North American FRP pole market.
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Emerging trends, which have a direct impact on the dynamics of the industry, include focus on modular pole systems and increasing demand for UV resistant properties in FRP poles. Valmont Industries, Petrofisa do Brasil, Geotek Inc., Strongwell, CMT LLC, R.S. Technologies, Creative Pultrusions Inc., and Europoles GmbH are among the major suppliers of FRP poles.
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The study includes the forecast for growth opportunities for global FRP pole market by end use industry, process type, and material type, as follows:
By end use industry [Value ($ Million) from 2014 to 2025]:
Power Transmission and Distribution
Telecommunication
Lighting and Others
By process type [volume (M lbs) and Value ($ Million) from 2014 to 2025]:
Pultrusion
Filament Winding
Centrifugal Casting
By material type [volume (M lbs) and Value ($ Million) from 2014 to 2025]:
Fiber
Resin
Polyurethane
Polyester
Others
By region [Value ($ Million) from 2014 to 2025]:
North America
Europe
Asia Pacific and Rest of the World (APAC & ROW)
This 131-page research report will enable you to make confident business decisions in this competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or clock on link http://www.lucintel.com/toc/frp-pole-market-2017-2025.aspx or helpdesk@lucintel.com.
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