According to a new market report published by Lucintel, the future of the FRP pole market looks promising with opportunities in power transmission and distribution, lighting, and telecommunication industries. The FRP pole market is expected to grow at a CAGR of 5.7% from 2019 to 2024. The major drivers for this market are the increasing demand for FRP poles in infrastructure projects, replacement of wooden poles, and the performance benefits of FRP poles over wood, steel, and concrete poles; these benefits include lightweight, rot and corrosion resistance, lower maintenance, and easy installation.
Browse 49 market data tables and 67 figures spread through 130 pages and in-depth TOC on “FRP Pole Market"
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In this market, different types of FRP poles such as filament winding, pultrusion, and centrifugal casting are used as process. On the basis of comprehensive research, filament winding will remain the largest process type, supported by its ability of working with different thermoset resin systems. Pultrusion is expected to witness the highest growth during the forecast period due to its higher productivity and lower cost.
North America will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to the growing demand for FRP poles in new infrastructure projects, as well as replacement of metal, concrete, and wooden poles.
Emerging trends, which has a direct impact on the dynamics of the market, includes development of modular poles. Valmont Industries, Petrofisa DO Brasil, Geotek Inc., Strongwell, CMT IIC, R.S. Technologies, Creative Pultrusions Inc., and Europoles GMBH are among the major FRP poles manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the FRP poles market by end use industry, process, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the FRP Pole Market 2019-2024: 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 FRP poles market by end use industry, process, and region as follows:
By End Use Industry (Value ($M) and Volume (Units) shipment analysis for (2013 – 2024):
Power Transmission & Distribution
Telecommunication
Lighting & Other Industries
By Process (Value ($M) and Volume (Units) shipment analysis for (2013 – 2024):
Filament Winding
Pultrusion
Centrifugal Casting
By Region (Value ($M) and Volume (Units) shipment analysis for (2013 – 2024):
North America
United States
Canada
Mexico
Europe
Switzerland
Germany
France
Italy
Asia Pacific
Japan
China
Australia
New Zealand
The Rest of the World
This 130-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 helpdesk@lucintel.com.
About Lucintel
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