Selbyville, Delaware, Aug. 04, 2020 (GLOBE NEWSWIRE) --
Global Market Insights, Inc. has recently added a new report on fiberglass light poles market which estimates the global market valuation for fiberglass light poles will cross US$ 550 million by 2026. The growing demand for lightweight & high strength light poles and advancements in fiberglass manufacturing technologies are expected to contribute significantly to the market growth.
The demand for fiberglass light poles in commercial & residential applications has increased drastically. The availability of round tapered and square straight fiberglass light poles with anchor or direct burial base is supporting the market growth. The fiberglass material offers excellent resilience and sturdiness against harsh climatic conditions. In addition, these fiberglass light poles are used in urban street lighting solutions. The high strength-to-weight ratio and easy transportation are enabling the extensive demand for fiberglass light poles.
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Fiberglass is considered harmful and continued contact with fiberglass dust can cause severe respiratory issues. Furthermore, national regulatory bodies, such as the National Toxicology Program, have considered fiberglass as a chemical. The lack of safety components and protocols is anticipated to affect the overall growth of the fiberglass light poles market.
The round tapered fiberglass light pole segment is expected to grow at a CAGR of above 3% from 2020 to 2026. The demand for round tapered fiberglass poles across outdoor lighting applications has increased exponentially. It features a UV-inhibiting polyurethane coating and offers a maximum nominal mounting height of up to 40’ with a wider base. In addition, the increasing need for decorative lighting poles is anticipated to contribute to the segment growth. As the majority of the demand is for round tapered decorative lighting poles that are ideal for outdoor lighting conditions.
The upward demand for low-cost & durable light poles for government projects and applications is contributing to the fiberglass light poles market growth. The government application segment held over 40% share in the global fiberglass light poles market at a CAGR of 3%. Governments are using fiberglass light poles to enhance lighting conditions in museums, highways, parks, and waterway projects. The extended lifespan and durability of fiberglass light poles along with the usage of non-conductive & anti-corrosion materials are enabling their demand across industries. Furthermore, these characteristics have made fiberglass light poles an ideal choice for government applications.
Asia Pacific is expected to dominate the fiberglass light poles market with above 39% share by 2026. The increasing popularity of multi-functional light poles across countries including China, India, and Japan is anticipated to fuel market growth. In addition, the companies are leveraging fiberglass-based smart poles for diverse applications. For instance, Bharat Sanchar Nigam Limited (BSNL Ltd.), an Indian state-owned telecommunications organization, partnered with Nokia Corporation to deploy fiberglass-based smart poles in India. The poles featured integrated LED lights and the IoT system to support smart city functionalities.
Browse key industry insights spread across 237 pages with 369 market data tables and 22 figures & charts from the report, “Fiberglass Light Poles Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/fiberglass-light-poles-market
The companies operating in the market are focusing on launching a wide range of robust fiberglass light poles. This is expected to boost the demand for fiberglass light poles to sustain harsh environments and provide value for money. For instance, in December 2019, NAFCO International, Inc. launched a new range of high strength & lightweight fiberglass light poles. The new poles offered by the company are rated for extreme wind tolerance and are an ideal solution for windy coastal areas. This launch helped the company to offer a wide range of options to choose from for both residential & commercial uses.
Some major findings of the fiberglass light pole market report include:
- The growing need for easy installation and lightweight lighting poles across residential and commercial users is supporting the fiberglass light poles market growth.
- The smart city and street lighting infrastructure developments across countries are also fueling the market growth.
- Asia Pacific is expected to hold a major market share in the fiberglass light poles market due to the growing urban infrastructure developments and fiberglass composites production.
- Companies operating in the market are focusing on the development and launching of a wide range of fiberglass light poles.
Browse complete reports table of contents (ToC): https://www.gminsights.com/toc/detail/fiberglass-light-poles-market
Partial chapters of report table of contents (TOC):
Chapter 3. Automotive Lighting Industry Insights
3.1. Industry segmentation
3.2. Impact analysis of coronavirus COVID-19 pandemic
3.2.1. Global outlook
3.2.2. Impact by region
3.2.2.1. North America
3.2.2.2. Europe
3.2.2.3. Asia Pacific
3.2.2.4. Latin America
3.2.2.5. MEA
3.2.3. Industry value chain
3.2.3.1. Research and development
3.2.3.2. Manufacturing
3.2.3.3. Marketing
3.2.3.4. Supply
3.2.4. Competitive landscape
3.2.4.1. Strategy
3.2.4.2. Distribution network
3.2.4.3. Business growth
3.3. Industry ecosystem analysis
3.3.1. Manufacturers
3.3.2. Technology & service providers
3.3.3. End-use landscape
3.3.4. Vendor matrix
3.4. Technology & innovation landscape
3.4.1. Laser lighting technology
3.4.2. LED lighting technology
3.4.2.1. AFS LED lighting technology
3.4.2.2. Bend lighting technology
3.4.3. Flexible OLED lighting technology
3.4.4. Matrix LED headlight
3.4.5. Dynamic interior lighting
3.5. Product analysis
3.5.1. LED
3.5.1.1. Pros & cons
3.5.1.2. Lifecycle costs
3.5.2. Halogen
3.5.2.1. Pros & cons
3.5.2.2. Lifecycle costs
3.5.3. Xenon
3.5.3.1. Pros & cons
3.5.3.2. Lifecycle costs
3.5.4. Comparison between LED, Halogen & Xenon
3.5.5. Potential disruption
3.6. Regulatory landscape
3.6.1.1. North America
3.6.1.2. Europe
3.6.1.3. Asia Pacific
3.6.1.4. Latin America
3.6.1.5. MEA
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.1.1. Growing concerns about road safety across the globe
3.7.1.2. Implementation of government regulations pertaining to drivers safety
3.7.1.3. Flourishing automotive industry across Asia Pacific
3.7.1.4. Increasing production of luxury vehicles in Germany
3.7.1.5. Rising adoption of LEDs in vehicles across the U.S.
3.7.1.6. Increasing demand for advanced automotive lighting in Asia Pacific owing to rising consumer disposable income
3.7.2. Industry pitfalls & challenges
3.7.2.1. Tariff & trade barriers in the U.S.
3.7.2.2. High R&D expenditure & complexity in developing LED lighting
3.7.2.3. Rising raw material cost & instability of lighting systems
3.8. Growth potential analysis
3.9. Porter's analysis
3.9.1. Supplier power
3.9.2. Buyer power
3.9.3. Threat of new entrants
3.9.4. Threat of substitutes
3.9.5. Internal rivalry
3.10. PESTEL analysis
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