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    FRP Pole Market Analysis | 2024-2030

    FRP Pole Market Analysis | 2024-2030
    Report code - SRAM606 Published On : Jun,2024 No. of Pages: 230
    FRP Pole Market Size, Share, Trend, Forecast & Industry Analysis: 2024-2030
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    “The FRP pole market size was estimated at US$ 173 Million in 2023 and is likely to grow at a decent CAGR of 4.6% in the long run to reach US$ 238 Million by 2030.”

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    Market Dynamics

    Introduction

    In the poles market, composites (FRP) have earned a largely unheralded but significant place because of their lightweight, strength, and low conductive properties. The poles made of FRP are highly resistant to corrosion, rot, UV rays, water absorption, insects, and woodpeckers. These poles do not lose strength as well as require less maintenance as compared to wood and concrete poles. They are highly recommended by experts in the wake of their electrical property and their ability to withstand heavy wind loads and impact.

    FRP Pole Market Report Overview

    Market Size in 2030

    USD 238 Million

    Market Size in 2024

    USD 173 Million

    Market Growth (2024-2030)

    4.6%

    Base Year of Study

    2023

    Trend Period

    2018-2022

    Forecast Period

    2024-2030

    Market Drivers

    The FRP poles market is likely to maintain its healthy growth pace, landing at an estimated value of US$ 238 million in 2030. Key driving factors are the increasing acceptance of FRP poles over their arch-rivals, the growing need for replacement of aged pole infrastructure, the excellent life-cycle cost of FRP poles, and their ability to withstand various weather and related impacts.

    COVID-19 Impact

    The minimum disruption in the demand for FRP poles amid the pandemic was because of undergoing several power projects, such as transmission and distribution activities, guaranteeing a healthy demand for FRP poles.

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Segments with High Growth Opportunity

    Application Type Analysis

    Transmission, Distribution, Telecommunication, Lighting, and Others

    Distribution is expected to remain the biggest application type in the market over the next five years.

    Process Type Analysis

    Pultrusion, Filament Winding, and Centrifugal Casting

    Filament winding holds a giant share in the market by process type.

    Length Type Analysis

    Up to 20ft, 20-40ft, and Above 40ft

    20-40 ft poles accounted for the largest share of the length type.

    Resin Type Analysis

    Polyurethane, Polyester, and Others

    Polyurethane is likely to maintain its dominance during the forecast period, and polyester is expected to grow at the highest rate.

    Region Analysis

    North America, Europe, Asia-Pacific and Rest of the World

    North America is expected to remain the largest market over the next five years.

    By Application Type

    Distribution is expected to remain the biggest demand generating-application of the market during the forecast period.         

    • Based on the application types such as 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.

    By Process Type

    Filament winding holds a giant share in the market with most of the manufacturers engaged in manufacturing FRP poles through this process.

    • Based on the process type the market is segmented into Pultrusion, Filament Winding, and Centrifugal Casting.

    • Filament winding is estimated to maintain its dominance in the market during the forecast period. 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.

    By Resin Type

    Polyurethane is likely to maintain its dominance during the forecast period, whereas polyester is expected to grow at the highest rate.”

    • Based on the resin type 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.

    Regional Analysis

    North America is expected to remain the largest market for FRP pole during the forecast period."

    • In terms of regions, North America is expected to remain the largest market for FRP Poles during the forecast period. 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.

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    Key Players

    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.

    The following are the key players in the FRP pole market (based on dominance).

    • 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

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the FRP Pole Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s FRP pole market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    FRP utility poles are lightweight yet very strong utility poles fabricated from a composite material made up of polymer resin strengthened by either glass or carbon fibers. Basically, they are used in their majority for carrying electrical power lines, telecommunication cables, and lighting the streets due to their required high strength, resistance to corrosion, and low maintenance.

    The FRP pole market is likely to rise at a CAGR of 4.6% by 2030, driven by 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.

    RS Technologies Inc, Shakespeare (Valmont industries), Ameron (NOV), Creative Composites Group, Elsewedy Electric, Nangtong Wellgrid Composite Material Co., Ltd, Shanghai Tunghsing Composites Co., LTD., Europoles, Intelli Pole (Highland Industries), and Strongwell are the leading players in the FRP pole market.

    The FRP poles market is projected to grow to US$ 238 million by 2030.

    Distribution is envisioned to stay the biggest application type in the FRP pole market in the coming years.

    The North American region is forecasted to dominate the FRP Pole market during the forecast period.

    Polyurethane is expected to remain the dominant resin type in the FRP pole market in the coming five years.

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