Press release
FRP Pole Market is Forecasted to Reach US$ 238 Million in 2030, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global FRP pole market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/1435/FRP-pole-market.html#form
Market Statistics:
Market Size in 2023: US$ 173 million
Market Size in 2030: US$ 238 million
Growth (CAGR): 4.6% during 2024-2030
Leading Application Type: Distribution
Leading Process Type: Filament Winding
Leading Length Type: 20-40 ft
Leading Resin Type: Polyurethane
Leading Region: North America
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 Pole Market:
The global FRP pole market is segmented based on process type, application type, length type, resin 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. Most of the manufacturers prefer to go with the filament winding process for FRP pole fabrication in the wake of its suitability for pole manufacturing and more feasibility over alternatives. On the other hand, pultruded poles also have a sizeable market share, and their growth can be attributed to their flexibility in manufacturing different shapes through the pultrusion process.
Based on application type - The market is segmented into transmission, distribution, telecommunication, lighting, and others. Distribution is expected to remain the biggest demand-generating application of the market during the forecast period. There has been a dominance of different applications in different regions, demanding companies to have a greater knowledge about the market before investing in any region.
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. Polyester resin is gaining traction on account of its benefits such as ease of use and cost-effectiveness. Other key resins in the market include epoxy and vinyl esters.
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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 pole during the forecast period. This growth outlook is majorly attributed to the following-
• The USA acts as the growth engine of the market with the highest penetration of FRP poles in the overall pole market.
• Among countries, Canada, Scandinavia, China, and Australia are some other key countries with lucrative market demand.
• Emerging economies, such as India and China, are currently having very low penetration of FRP poles; however, these poles offer good growth potential in the long run.
FRP Pole Market Drivers:
Some of the key drivers listed in the report are given below.
· Rapid urbanization and the need for upgraded infrastructure. Their (FRP poles) unprecedented performance in areas that are hit hard by disasters such as hurricanes, floods, and earthquakes has increased their demand.
Top Companies in the FRP Pole Market:
The market is highly fragmented with the presence of several small players. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:
• RS Technologies Inc
• Shakespeare (Valmont Industries)
• Ameron (NOV)
• Creative Composites Group
• Elsewedy Electric
• Intelli Pole (Highland Industries)
• Nangtong Wellgrid Composite Material Co., Ltd.
• Shanghai Tunghsing Composites Co., Ltd.
• Europoles
• Strongwell
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the 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
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About us -
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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