According to the recent study the FRP Pole Market is projected to reach an estimated $277 million by 2030 from $218 million in 2023 at a CAGR of 3% from 2023 to 2030. 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).
Lucintel forecasts that
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.
Filament winding is
expected to remain the largest market by value, mainly driven by applications
in different industries over the forecast period.
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FRP Pole Market
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.
RS Technologies Inc.,
Creative Composites Group, Valmont Industries, Geotek, Strongwell, Elsewedy Electric,
Highland Industries, Petrofisa do Brasil, Jiangsu Jiuding New Material Co. Ltd,
NOV 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 write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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