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    FRP Pole Market Report

    FRP Pole Market Report
    Report code - SRAM606 Published On : Mar,2021 No. of Pages: 230
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    FRP Pole Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026.
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    Impact of COVID-19 on FRP Pole Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on FRP Pole Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    In the poles market, composites (FRP) have earned a largely unheralded but significant place on the account 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.

    COVID-19 Impact

    The global economic growth had colossally dwindled with the rapid spread of the pandemic. Almost all the major industries are in the clasp of the pandemic, hammering hard to survive amid the breathtaking market situation. FRP pole, a matchlessly positioned in the total poles market, witnessed a slight disruption in its growth in 2020, mainly subjected to the lockdown, shortage of labor, postponement of various power projects and initiatives, and disruption in the supply chain. The minimum disruption in the demand for FRP poles amid pandemic was because of undergoing several power projects, such as transmission and distribution activities, guaranteeing a healthy demand for FRP poles.

    The FRP poles market is likely to maintain its healthy growth pace, landing at the estimated value of US$ 228.7 million in 2026. Key driving factors are increasing acceptance of FRP poles over their arch-rivals, 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.

    FRP-Pole-Market-Forecast

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    Segment Analysis

    FRP Pole Market Share by Application Type

    Stratview Research has firstly segmented the market based on the application type 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.

    FRP Pole Market Share by Process Type

    Based on the process type, the market is segmented as 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.

    FRP Pole Market Share by Resin Type

    Based on the resin type, the market is segmented as 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 the account of its benefits such as easy to use and cost-effectiveness. Other key resins in the market include epoxy and vinyl esters.

    Regional Insights

    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.

    FRP-Pole-Market-By-Region

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    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2015-2025

    Regions Covered            

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

    Size in 2026

    US$ 228.7 million

    Countries/Subregions Covered

    The USA, Canada, Mexico, Scandinavia, Russia, Germany, China, Australia, India, Brazil, Turkey and others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The FRP Pole Market is segmented into the following categories.

    FRP Poles Market Size, Share & Forecast, By Application Type

    • Transmission (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Distribution (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Telecommunication (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lighting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    FRP Poles Market Size, Share & Forecast, By Process Type

    • Pultrusion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Filament Winding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Centrifugal Casting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    FRP Poles Market Size, Share & Forecast, By Length Type

    • Up to 20ft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 20-40ft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Above 40ft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    FRP Poles Market Size, Share & Forecast, By Resin Type

    • Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    FRP Poles Market Size, Share & Forecast, By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Scandinavia, Russia, Germany, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Australia, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Turkey, and Others)

    Key Players

    The supply chain of this market comprises raw material suppliers, FRP pole manufacturers, state and national electrical distribution and transmission authorities. The key FRP pole manufacturers are-

    • Jerol Industrial AB
    • RS Technologies
    • National Oilwell Varco
    • Valmont Industries
    • Creative Pultrusion Inc.
    • Strongwell
    • Petrofisa Do Brasil
    • Europoles
    • Highland Industries
    • Alliance Composites Inc.
    • Nantong Wellgrid Pvt Ltd
    • Shanghai Tunghsing Composites Co. Ltd. 

    Research Methodology

    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 book, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. About 15 detailed primary interviews with the market players across the value chain in all major regions and industry experts have been executed to obtain both qualitative and quantitative insights.

    Report Features

    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 of 2021 to 2026. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for FRP Poles at the global, regional, as well as country level. Also, the report provides the possible loss that the industry will register by comparing pre-COVID and post-COVID scenarios. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulate growth strategies. 

    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. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market forecast analysis
    • Market segment forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    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 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segment

    • Current Market Size (2020) of the FRP Pole Market in any of one of the application types by length type.

    Competitive Benchmarking

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

    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 at [email protected].

    Frequently Asked Questions (FAQs)

    The FRP pole market is expected to witness an impressive CAGR to reach an estimated value of US$ 228.7 million in the foreseeable future.

    Jerol Industrial AB, RS Technologies, National Oilwell Varco, Valmont Industries, Creative Pultrusion Inc., Strongwell, Petrofisa Do Brasil, Europoles, Highland Industries, Alliance Composites Inc., Nantong Wellgrid Pvt Ltd, and Shanghai Tunghsing Composites Co. Ltd are among the key players in the FRP pole market.

    North America is expected to be the largest FRP pole market during the forecast period of 2021-26.

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

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

    Filament winding is expected to remain dominant in the FRP Pole Market in the coming five years.

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