Lucintel Blog: Lucintel Forecasts FRP Pole Market to Reach $306.4 Million by 2027

Monday, October 30, 2023

Lucintel Forecasts FRP Pole Market to Reach $306.4 Million by 2027

According to the recent study the FRP Pole Market is projected to reach an estimated $306.4 million by 2027 from $220.7 million in 2021, at a CAGR of 5.4% from 2021 to 2027. Growth in this market is primarily driven by 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 78 figures/charts and 71 tables in this 171-page report to understand trends, opportunities and forecast in 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).

Download sample report by clicking on below link:

https://www.lucintel.com/frp-pole-market.aspx

“Power transmission & distribution market is expected to remain the largest segment during the forecast period.”

Based on application, the FRP pole market is segmented into power transmission and distribution, telecommunication, lighting and other industries. Lucintel forecasts that the power transmission & distribution market is expected to remain the largest segment 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.

“Within the FRP pole market, the filament winding segment is expected to remain the largest process.”

Based on process the filament winding segment is expected to witness the highest growth over the forecast period.

“North America will dominate the FRP pole market in near future.”

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 over the forecast period.

Download Brochure of this report by clicking on https://www.lucintel.com/frp-pole-market.aspx.

Major players of FRP pole market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. RS Technologies Inc., Creative Pultrusions, Inc., Valmont Industries, Geotek, Strongwell, Elsewedy Electric, Highland Industries, Inc, Petrofisa do Brasil Ltda., Jiangsu Jiuding New Material Co., Ltd, NOV Fiber Glass System (Ameron) are among the major FRP pole providers.

This unique 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.

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Contact:

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Director of Client Engagements

Lucintel

Dallas, Texas, USA

Cell: 210-878-7693

roy.almaguer@lucintel.com

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