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Fiberglass Light Poles Market Development Trends and Growth Drivers Analysis by 2026

According to Global Market Insights, Inc. report fiberglass light poles market is estimated to surpass USD 550 million by 2026.

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Fiberglass Light Poles Market Development Trends and Growth Drivers Analysis by 2026

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  1. Fiberglass Light Poles Market Regional Analysis and Revenue Forecast during 2020 – 2026 • Driven by rapid development of smart city projects and street lighting infrastructure across several countries, the global fiberglass light poles 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. According to Global Market Insights, Inc. report fiberglass light poles market is estimated to surpass USD 550 million by 2026. • Considering the enormous opportunities for street lighting installation, several industry players are focusing on implementing business strategies pertaining to mergers and acquisitions in order to expand their production capacity as well as bolster their global footprint. For instance, in 2020, Signify, one of the leaders in lighting industry announced the acquisition of Cooper Lighting Solutions which is expected to help them enhance their connected lighting solutions and optimize their operational efficiency. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Growing urban residential and commercial projects find extensive usage of fiberglass light poles 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. • 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. • 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 fiberglass light poles for enhancing lighting conditions in highways, museums, waterways and parks projects. Further, fiberglass light poles offer extended lifespan and durability while boasting of the non-conductive and anti-corrosion materials which makes them appropriate for government applications © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/4783 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • Based on regional terrain, 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. • Competitive Analysis • The companies operating in the 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 of robust fiberglass light poles. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Fiberglass Light Poles Market @ https://www.gminsights.com/industry-analysis/fiberglass-light-poles-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4783 Request for customization: https://www.gminsights.com/roc/4783 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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