According to a market report by Lucintel, the future of the global FRP cross arm market looks promising with opportunities in in power transmission, telecommunication and lighting. The global FRP cross arm market is expected to reach an estimated $147 billion by 2030 from $119 billion in 2023 at a CAGR of 3% from 2023 to 2030. The major drivers for this market are the increasing replacement of old poles and cross arms with the new one in the developing countries.
Browse 72 figures/charts
and 51 tables in this 133-page report to understand trends, opportunity and forecast in FRP cross arm
market to 2030 by application (power transmission and distribution,
telecommunication and lighting and others), type (tangent cross arm and deadend
cross arm), by region (North America, Europe, Asia Pacific, and Rest of the
World).
Lucintel forecasts that, tangent is expected to be the largest type by
value and volume due to its increasing use in composite, concrete, metal, and
wood pole to support conductors along transmission and distribution lines.
Tangent cross arm is expected to witness highest growth over the forecast
period.
Download sample by clicking on FRP cross
arm market.
Power transmission and distribution will remain the largest application
market by value and volume due to increase in investment for new power
generation infrastructure and replacement of existing network.
Telecommunication is expected to witness highest growth over the forecast
period.
North America is expected to remain the largest region and APAC is expected
to witness the highest growth over the forecast period due to growing
replacement activities in the developing countries like China and India.
Geotek Inc, Valmont Industries, Creative Composites Group, Liberty
Pultrusions, RS Technologies Inc. are the major suppliers in the FRP cross arm
market.
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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