Lucintel Forecasts the Global FRP Pole Market to Reach $277 Million by 2030

According to the recent study the global 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 global FRP pole market by application (power transmission and distribution, telecommunication, lighting and others), manufacturing process (pultrusion, filament winding and centrifugal casting), composite material type (fiber, and resin) 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.

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 the major suppliers in the FRP pole 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