Impact Of Renewable Energy Expansion On The Market Growth Due To Rising Demand For Durable Cable Infrastructure In Harsh Environments: Strengthening the Growth Trajectory of the Glass Reinforced Plastic (GRP) Or Fiber Reinforced Plastic (FRP) Cable Protec

"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Glass Reinforced Plastic (GRP) Or Fiber Reinforced Plastic (FRP) Cable Protection Tube Market Through 2025?
The market size of cable protection tubes made of glass-reinforced plastic (GRP) or fiber-reinforced plastic (FRP) has seen significant growth in recent times. It is projected that this market will expand from $1.11 billion in 2024 to reach $1.22 billion in 2025, growing at a compound annual growth rate (CAGR) of 9.4%. This growth during the historical period can be connected to factors like increased urbanization, widespread use of smart grid technologies, the rising trend of using lightweight construction materials, government-led initiatives supporting smart cities, and the growing incorporation of automation in industrial settings.

What's the Projected Size of the Global Glass Reinforced Plastic (GRP) Or Fiber Reinforced Plastic (FRP) Cable Protection Tube Market by 2029?
It is anticipated that the market for glass-reinforced plastic (GRP) or fiber-reinforced plastic (FRP) cable protection tubes will experience substantial growth over the next few years, reaching a value of $1.72 billion in 2029. This corresponds to a compound annual growth rate (CAGR) of 9.1%. This projected expansion during the forecast period is due to factors such as increased industrialization in developing economies, ongoing infrastructure projects, higher investment in projects related to renewable energy, a surge in the demand for materials that resist corrosion, and the spread of telecommunications networks. Other significant trends during the forecast timeframe include technological progress in composite materials, the incorporation of cable protection solutions into smart grid systems, strides in fiber-reinforced polymer engineering, advances in technology pertaining to automated cable laying systems, and the implementation of sensor-based monitoring systems.

View the full report here:
https://www.thebusinessresearchcompany.com/report/glass-reinforced-plastic-grp-or-fiber-reinforced-plastic-frp-cable-protection-tube-global-market-report

Top Growth Drivers in the Glass Reinforced Plastic (GRP) Or Fiber Reinforced Plastic (FRP) Cable Protection Tube Industry: What's Accelerating the Market?
Anticipated growth in the market for glass-reinforced plastic or fiber-reinforced plastic cable protection tubes is due to a greater focus on renewable energy sources. Such sources are sustainable and generated from renewable resources like wind, water, sunlight, biomass, and geothermal energy. There is a rising demand for renewable energy in a bid to decrease greenhouse gases and tackle climate change using clean and renewable power sources. Tubes made from glass reinforced plastic (GRP) or fiber reinforced plastic (FRP) are employed in renewable energy technologies to house and shield cables from harsh environments, providing reliable transmission from solar farms, wind turbines, and hydroelectric power plants. In line with data from the US Energy Information Administration from March 2022, it's predicted that renewable energy will nearly triple its contribution to power production, jumping from 21% in 2021 to 44% in 2050. This increase is mainly attributed to new wind and solar technology advancements. Consequently, the greater concentration on renewable sources of power is leading to expansion in the market for GRP or FRP cable protection tubes. Forecasts for market expansion for the glass-reinforced plastic or fiber-reinforced plastic cable protection tubes are also being fuelled by increased investments in infrastructure. This type of expenditure includes costs for creating, upgrading, or maintaining the necessary facilities and systems which allow a country's socio-economic functions to run smoothly. This investment in infrastructure spurs economic growth by promoting efficiency, reducing expenses and attracting further investment. In turn, this drives the demand for GRP or FRP protection tubes due to the need for materials that are lightweight, durable, and resistant to corrosion, required for the cable protection in large utility, transport, and energy projects. The Office for National Statistics reported in July 2024 that in 2023 there was a 3.9% increase in infrastructure investment in the UK from the previous year, totalling £13.8 billion ($17.25 billion). As such, further expansion in the market for GRP or FRP cable protection tubes can be attributed to an increase in infrastructure investment.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=26918&type=smp

What Trends Will Shape the Glass Reinforced Plastic (GRP) Or Fiber Reinforced Plastic (FRP) Cable Protection Tube Market Through 2029 and Beyond?
Leading organizations in the fiber-reinforced plastic or glass-reinforced plastic cable protection tube market are emphasizing on the invention of innovative products such as toughened thermoset resin-fiber enhancement to amplify structural durability and environmental robustness. This technology produces a light yet highly sturdy composite structure that can tolerate environmental elements, including corrosion, fire, and impact; thus making it perfect for challenging utility and telecommunications conditions. For example, Creative Composites Group, an American chemical manufacturing company, in June 2024 introduced the StormStrong Utility, Telecom, and Light Poles range. These poles utilize resin-fiber reinforcement technology to ensure high-performance fiber-reinforced plastic (FRP) structures that can withstand corrosion, fire, decay, and mechanical damage. The lightweight and sustainable composite poles increase the network's resilience, decrease maintenance expenses and protect the environment by preventing chemical seepage.

What Are the Main Segments in the Glass Reinforced Plastic (GRP) Or Fiber Reinforced Plastic (FRP) Cable Protection Tube Market?
The glass reinforced plastic (grp) or fiber reinforced plastic (frp) cable protection tube market covered in this report is segmented -

1) By Type: Coiled Fiberglass Protection Tube, Winding Fiberglass Protection Tube, Other Types
2) By Material Type: Glass Reinforced Plastic (GRP), Fiber Reinforced Plastic (FRP)
3) By Distribution Channel: Direct Sales, Distributors, Online Retail, Wholesale Dealers, Specialized Stores
4) By Application: Telecommunications, Electrical Applications, Construction Industry, Infrastructure Development, Industrial Machinery
5) By End-User Industry: Information Technology, Energy And Utilities, Transportation, Manufacturing, Healthcare

Subsegments:
1) By Coiled Fiberglass Protection Tube: Single-Layer Coiled Tubes, Multi-Layer Coiled Tubes, Pre-Lubricated Coiled Tubes
2) By Winding Fiberglass Protection Tube: Spiral Wound Tubes, Cross Wound Tubes, Braided Wound Tubes
3) By Other Types: Corrugated Fiberglass Tubes, Custom-Shaped Tubes, Rigid Straight Tubes

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=26918&type=smp

Which Top Companies are Driving Growth in the Glass Reinforced Plastic (GRP) Or Fiber Reinforced Plastic (FRP) Cable Protection Tube Market?
Major companies operating in the glass reinforced plastic (grp) or fiber reinforced plastic (frp) cable protection tube market are Future Pipe Industries Group Limited, Superlit, Enduro Composites Inc., Fibrex Fiberglass Pipe Company, Adronaco Industries Inc., Lianyungang Zhongfu Lianzhong Composites Group Co. Ltd., Weitong FRP Co. Ltd., Creative Composites Group, Aeron Composite Private Limited, Composite Pipes Industry LLC, Unicomposite Technology Co. Ltd., Amiblu Holding GmbH, Plasticon Composites, Ercon Composites Private Limited, Smithline Reinforced Composites, FiberTech Composite Pvt. Ltd., Sarplast S.p.A., Balaji Fiber Reinforced Pvt. Ltd., AOCOMM Composite Co. Ltd., Farassan Manufacturing & Industrial Company, Hebei Yongchang Composite Material Technology Co. Ltd., Henan Sanheng Industrial Co. Ltd.

Which Regions Will Dominate the Glass Reinforced Plastic (GRP) Or Fiber Reinforced Plastic (FRP) Cable Protection Tube Market Through 2029?
Asia-Pacific was the largest region in the glass-reinforced plastic (GRP) or fiber-reinforced plastic (FRP) cable protection tube market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glass reinforced plastic (grp) or fiber reinforced plastic (frp) cable protection tube market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=26918

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Reach Out to Us
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.