FRP Utility Pole Market is Forecasted to Reach US$ 195.9 million in 2030, Says Stratview Research

The global FRP Utility Pole Market is projected to witness a growth rate of 4.6% annually from 2024 to 2030, with an anticipated size of US$ 195.9 million by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global FRP Utility Pole Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2030: US$ 195.9 million
Growth (CAGR): 4.6% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the FRP Utility Pole Market:

The global FRP Utility Pole market is segmented based on process type, application type, resin type, length type, and region.

Based on process type - The market is segmented into pultrusion, filament winding, and centrifugal casting.
Filament winding holds a giant share in the market, with most of the manufacturers engaged in manufacturing FRP poles through this process. The filament winding holds a giant share in the market, with most of the manufacturers engaged in manufacturing FRP poles through this process. Excellent dimensional stability and established technology in rounded/cylindrical parts have led to the high prevalence of the process in the market. Pultrusion also offers sizable market opportunities.

Based on application type - The market is segmented into transmission, distribution, and telecommunication.
Distribution is expected to bring the largest demand in terms of application over the next five years. Since the high penetration of FRP poles in distribution applications in the major markets has led to the huge dominance of this segment. Various fire disaster incidents have proven FRP to be an efficient claimant over wood counterparts in the power distribution poles

Based on resin type - The market is segmented into polyurethane, polyester, and others.
Polyurethane is likely to maintain its dominance during the forecast period, whereas polyester is expected to grow at the highest rate during the same period. There is a higher penetration of polyurethane in the USA than in any other country in the world. Most of the manufacturers are using polyester resins, whereas some of them have a presence in the epoxy resins too.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1436/FRP-utility-pole-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for FRP utility poles during the forecast period. This growth outlook is majorly attributed to the following-

• In terms of regions, North America is expected to remain the largest market over the next five years. The USA is by far the world's largest market for FRP utility poles, maintaining decades of leadership in the industry.
• Asia-Pacific represents huge whitespace opportunities with China being the sweet spot of the regional market. Various key countries, such as South Korea, India, Indonesia, Australia, Canada, Norway, Germany, and France, are currently diminutive markets with an overall low penetration of FRP in utility poles.

FRP Utility Pole Market Drivers:

Some of the key drivers listed in the report are given below.
Rapid urbanization and the need for upgraded infrastructure are increasing the demand for durable and reliable utility poles and their incredible performance in areas that are heavily facing natural disasters like hurricanes, floods, and earthquakes.

Top Companies in the FRP Utility Pole Market:
Stratview Research has identified the following companies as the top market players.
• Ameron (NOV)
• Creative Composites Group
• Elsewedy Electric
• Europoles
• Intelli Pole (Highland Industries)
• Nangtong Wellgrid Composite Material Co., Ltd.
• RS Technologies Inc
• Shakespeare (Valmont Industries)
• Shanghai Tunghsing Composites Co., Ltd.
• Strongwell Composites

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the FRP Utility Pole Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• FRP Pole Market: https://www.stratviewresearch.com/1435/FRP-pole-market.html
• FRP Pipe Market: https://www.stratviewresearch.com/748/fiberglass-pipes-market.html

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This release was published on openPR.