The future of the global FRP pole market looks promising with opportunities in power transmission and distribution, and telecommunication. The global FRP pole market is expected to reach an estimated $306.4 million by 2027 with a CAGR of 5.6% from 2021 to 2027. The major drivers for the growth of global FRP pole market are 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.
Answer: The global FRP pole market is expected to reach an estimated $306.4 million by 2027
Q2. What is the growth forecast for FRP pole market?
Answer: The FRP pole market is expected to grow at a CAGR of 5.6% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the FRP pole market?
Answer: The major drivers for the growth of global FRP pole market are 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.
Q4. What are the major applications or end use industries for FRP pole?
Answer: Power transmission & distribution, telecommunication, and lightning are the major applications for FRP pole.
Q5. What are the emerging trends in FRP pole market?
Answer: Emerging trends, which have a direct impact on the dynamics of the FRP pole industry, includes focus on modular pole systems, increasing demand for fire resistance FRP poles, and growing demand for UV resistance properties in FRP pole.
Q6. Who are the key FRP pole companies?
Answer: Some of the key FRP pole companies are as follows:
Answer: The analyst forecasts that filament winding is expected to remain the largest market by value, mainly driven by applications in different industries over the forecast period.
Q8. In FRP pole market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
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Emerging Trends in the FRP Pole Market
Emerging trends, which have a direct impact on the dynamics of the FRP pole industry, includes focus on modular pole systems, increasing demand for fire resistance FRP poles, and growing demand for UV resistance properties in FRP pole.FRP Pole Market by Segment
The study includes a forecast for the global FRP pole market by application, process, composite material, and region as follows:By Application [Value ($B) and Volume (000’ units) shipment analysis for 2016-2027]:
- Power Transmission and Distribution
- Telecommunication
- Lighting and Other Industries
By Process [Value ($B) and Volume (000’ units) shipment analysis for 2016-2027]:
- Pultrusion
- Filament Winding
- Centrifugal Casting
By Composite Material [Value ($B) and Volume (000’ units) shipment analysis for 2016-2027]:
- Fiber
- Resin
- Polyurethane
- Polyester
- Others
By Region [Value ($B) and Volume (000’ units) shipment analysis for 2016-2027]:
- North America
- Europe
- Asia Pacific
- Rest of the World
List of FRP Pole Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies FRP pole companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the FRP pole companies profiled in this report includes.- RS Technologies Inc.
- Creative Pultrusions, Inc.
- Valmont Industries
- Geotek
- Strongwell
- Elsewedy Electric
- Highland Industries, Inc
- Petrofisa do Brasil Ltda.
- Jiangsu Jiuding New Material Co., Ltd
- NOV Fiber Glass System (Ameron)
FRP Pole Market Insight
- The analyst forecasts that power transmission & distribution will remain the largest application and telecommunication is expected to witness the highest growth over the forecast period due to FRP poles’ high strength-to-weight ratio; durability; good handling of typical distribution loads, including phone lines, cable lines, and other standard pole mounted boxes; and easily installation.
- Filament winding is expected to remain the largest market by value, mainly driven by applications in different industries over the forecast period.
- North America is expected to remain the largest market over the forecast period due to the ongoing replacement of obsolete wooden poles in the US over the forecast period.
Features of FRP Pole Market
- Market Size Estimates: FRP Pole market size estimation in terms of value ($B)
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
- Segmentation Analysis: Market size by application, process, composite material, and region
- Regional Analysis: FRP Pole market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different by application, process, composite material, and regions for the FRP pole market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the FRP pole market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the FRP pole market size?Answer: The global FRP pole market is expected to reach an estimated $306.4 million by 2027
Q2. What is the growth forecast for FRP pole market?
Answer: The FRP pole market is expected to grow at a CAGR of 5.6% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the FRP pole market?
Answer: The major drivers for the growth of global FRP pole market are 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.
Q4. What are the major applications or end use industries for FRP pole?
Answer: Power transmission & distribution, telecommunication, and lightning are the major applications for FRP pole.
Q5. What are the emerging trends in FRP pole market?
Answer: Emerging trends, which have a direct impact on the dynamics of the FRP pole industry, includes focus on modular pole systems, increasing demand for fire resistance FRP poles, and growing demand for UV resistance properties in FRP pole.
Q6. Who are the key FRP pole companies?
Answer: Some of the key FRP pole companies are as follows:
- RS Technologies Inc.
- Creative Pultrusions, Inc.
- Valmont Industries
- Geotek
- Strongwell
- Elsewedy Electric
- Highland Industries, Inc
- Petrofisa do Brasil Ltda.
- Jiangsu Jiuding New Material Co., Ltd
- NOV Fiber Glass System (Ameron)
Answer: The analyst forecasts that filament winding is expected to remain the largest market by value, mainly driven by applications in different industries over the forecast period.
Q8. In FRP pole market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global FRP pole market by application (power transmission and distribution, telecommunication, lighting and other industries), process (filament winding, pultrusion, and centrifugal casting), composite material (resin and fiber), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
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Table of Contents
1. Executive Summary
2. Global FRP Pole Market Dynamics
3. Market Trends and Forecast Analysis from 2016 to 2027
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- RS Technologies Inc.
- Creative Pultrusions, Inc.
- Valmont Industries
- Geotek
- Strongwell
- Elsewedy Electric
- Highland Industries, Inc
- Petrofisa do Brasil Ltda.
- Jiangsu Jiuding New Material Co., Ltd
- NOV Fiber Glass System (Ameron)
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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