FRP Lighting Pole Market Trends and Forecast
The future of the global FRP lighting pole market looks promising with opportunities in the industrial, commerical, and residential markets. The global FRP lighting pole market is expected to grow with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are increasing demand for durable and corrosion-resistant lighting infrastructure and growing demand for smart city infrastructure.
• Lucintel forecasts that fiber is expected to witness the higher growth over the forecast period.
• Within this market, industrial is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for Glass Fiber in the Wind Energy Market
• United States: In the United States, Valmont Industries, Inc. announced plans to expand its production capacity for FRP lighting poles at its facilities in Nebraska. The company aims to meet the increasing demand for durable and corrosion-resistant lighting infrastructure in urban and highway projects. Valmont set targets to increase production by 20% over the next two years, supported by government contracts for infrastructure development and modernization.
• India: In India, Utkarsh India Limited disclosed its strategy to enter the FRP lighting pole market with a new production facility in Uttar Pradesh. The company's investment aligns with the Indian government's 'Smart Cities Mission,' aimed at promoting sustainable urban development and modernization. Utkarsh India aims to capture a significant market share in India's growing lighting infrastructure sector by offering high-quality FRP poles tailored to the requirements of smart city projects. The company set targets to achieve a 30% increase in production capacity within the next three years.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
FRP Lighting Pole Market by Segment
The study includes a forecast for the global FRP lighting pole market by material, manufacturing process, application, and region.
FRP Lighting Pole Market by Material [Value from 2018 to 2030]:
• Fiber
• Resin
FRP Lighting Pole Market by Manufacturing Process [Value from 2018 to 2030]:
• Pultrusion
• Filament Winding
• Centrifugal Casting
FRP Lighting Pole Market by Application [Value from 2018 to 2030]:
• Industrial
• Commerical
• Residential
FRP Lighting Pole Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of FRP Lighting 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 lighting pole companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the FRP lighting pole companies profiled in this report include-
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Recent Development in the FRP Lighting Pole Market
• Valmont Industries, Inc.: Valmont Industries, Inc. introduced a new line of FRP lighting poles designed for urban and highway lighting applications. The company's initiative focuses on enhancing pole durability, corrosion resistance, and aesthetic appeal, catering to the evolving needs of municipalities and transportation agencies. Valmont's FRP lighting poles offer significant advantages over traditional metal poles, including lightweight construction, ease of installation, and low maintenance requirements.
• Cree Lighting: Cree Lighting announced the development of innovative LED lighting systems compatible with FRP lighting poles. The company's initiative aims to provide integrated lighting solutions for outdoor environments, leveraging the benefits of LED technology such as energy efficiency, long lifespan, and customizable lighting control. Cree Lighting's partnership with FRP pole manufacturers enables seamless integration of lighting and infrastructure components, enhancing the functionality and aesthetics of outdoor lighting installations.
• Hapco Pole Products: Hapco Pole Products unveiled a proprietary FRP composite formulation engineered specifically for lighting pole applications. The company's initiative includes investments in material research and manufacturing processes to optimize pole performance and cost-effectiveness. Hapco's FRP lighting poles offer superior strength-to-weight ratio, weather resistance, and design flexibility, making them ideal for use in various outdoor lighting projects ranging from parks and recreational areas to commercial and industrial facilities.
• GEI Works: GEI Works introduced a range of FRP lighting poles designed for marine and waterfront applications. The company's initiative addresses the unique challenges posed by harsh coastal environments, such as saltwater corrosion and extreme weather conditions. GEI Works' FRP lighting poles feature specialized coatings and reinforcements to withstand corrosive elements and provide reliable illumination along coastal areas, ports, and marinas.
Features of the Global FRP Lighting Pole Market
Market Size Estimates: FRP lighting pole market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: FRP lighting pole market size by material, manufacturing process, application, and region in terms of value ($B).
Regional Analysis: FRP lighting pole market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different materials, manufacturing processes, applications, and regions for the FRP lighting pole market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the FRP lighting pole market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the growth forecast for FRP lighting pole market?
Answer: The global FRP lighting pole market is expected to grow with a CAGR of 6.0% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the FRP lighting pole market?
Answer: The major drivers for this market are increasing demand for durable and corrosion-resistant lighting infrastructure and growing demand for smart city infrastructure.
Q3. What are the major segments for FRP lighting pole market?
Answer: The future of the FRP lighting pole market looks promising with opportunities in the industrial, commerical, and residential markets.
Q4. Who are the key FRP lighting pole market companies?
Answer: Some of the key FRP lighting pole companies are as follows:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Q5. Which FRP lighting pole market segment will be the largest in future?
Answer: Lucintel forecasts that fiber is expected to witness the higher growth over the forecast period.
Q6. In FRP lighting pole market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the FRP lighting pole market by material (fiber and resin), manufacturing process (pultrusion, filament winding, and centrifugal casting), application (industrial, commerical, and residential), 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 region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of 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 key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to FRP Lighting Pole Market Market, FRP Lighting Pole Market Market Size, FRP Lighting Pole Market Market Growth, FRP Lighting Pole Market Market Analysis, FRP Lighting Pole Market Market Report, FRP Lighting Pole Market Market Share, FRP Lighting Pole Market Market Trends, FRP Lighting Pole Market Market Forecast, FRP Lighting Pole Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.