Fiberglass Light Poles Market by Competitive Strategies, Regional Trends Analysis and Forecast to 2026
Category: #technology  By Ronak Bora  Date: 2022-07-25
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Fiberglass Light Poles Market by Competitive Strategies, Regional Trends Analysis and Forecast to 2026

The Fiberglass Light Poles Market is estimated to surpass USD 550 million by 2026. Driven by rapid development of smart city projects and street lighting infrastructure across several countries, the global  market is poised to observe a commendable growth over the ensuing years. Moreover, considerable advancements in the fiberglass technology coupled with rising demand for lightweight and robust strength light poles will propel the industry outlook.

Growing urban residential and commercial projects find extensive usage of this fiberglass light poles market for street lighting on account of their conducive attributes including excellent sturdiness and resilience against adverse climatic conditions, which has to some extent, influenced the overall expansion of the market.

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In terms of product type, round tapered fiberglass segment is estimated register 3% CAGR over the analysis timeline on account of surging demand for outdoor lighting applications. The product offers UV-inhibiting polyurethane coating along with maximum nominal mounting height up to 40’ and a wider base. Additionally, growing need for decorative lighting poles will significantly contribute to the segmental growth of Fiberglass Light Poles Market

Based on the application bifurcation, government applications and projects are expected to witness an elevating demand for durable and low-cost light poles which will positively influence the growth of fiberglass light poles market over the forthcoming years. Government application segment had secured a market share of over 40% in 2019 and may register 3.0% CAGR through 2026, on account of large scale use of this market for enhancing lighting conditions in highways, museums, waterways and parks projects.

Asia Pacific fiberglass light poles market is projected to dominate the overall industry with an overall business share of more than 39% by 2026. This growth can be attributed to rising preference for multi-functional light poles in the countries including Japan, China and India. Moreover, increasing initiatives by various country led companies would also stimulate the regional market dynamics in the coming years.

Citing a vital testament for the aforementioned, . in 2019, NAFCO International, Inc. announced the launch of new high strength & lightweight of fiberglass light poles market. These new poles are said to possess extreme wind tolerance and are ideal for windy coastal regions. This product helped the company to provide improved offering for residential as well as commercial applications.

The companies operating in the fiberglass light poles market such as PLP Composite Technologies, Aeron Composites Pvt Ltd., ElsewedyElectric.com, Valmont Industries Inc. and Lithonia Lighting, Inc. are also laying immense focus on launching a wide range.

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Table of Content

Chapter 4      Fiberglass Light Poles Market, Competitive Landscape, 2019

4.1      Introduction

4.2      Company market share

4.3      Competitive analysis of prominent market players

4.3.1    Alliance Composites, Inc.

4.3.2    Elsewedy Electric Co S.A.E.

4.3.3    Lithonia Lighting (Acuity Brands, Inc.)

4.3.4    NAFCO International, Inc.

4.3.5    Valmont Industries, Inc.

Chapter 5      Fiberglass Light Pole Market, By Type

5.1      Key trends, by type

5.2      Square straight

5.2.1    Market estimates and forecast, 2015 - 2026

5.3      Round Tapered

5.3.1    Market estimates and forecast, 2015 - 2026

Chapter 6      Fiberglass Light Poles Market, By Application

6.1      Key trends, by application

6.2      Commercial

6.2.1    Market estimates and forecast, 2015 - 2026

6.3      Residential

6.3.1    Market estimates and forecast, 2015 - 2026

6.4      Government

6.4.1    Market estimates and forecast, 2015 – 2026

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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