Fiberglass Light Poles Market Size By Type (Square Straight Fiberglass Pole, Round Tapered Fiberglass Pole), By Application (Commercial, Residential, Government), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Fiberglass Light Poles Market Size

Fiberglass Light Poles Market size exceeded USD 450 million in 2019 and is estimated to grow at 4% CAGR between 2020 and 2026. The global industry shipments are anticipated to cross 1 million units by 2026.
 

The fiberglass light poles industry is expected to witness rapid gains as the advancements in smart city lighting and emerging IoT technologies are driving the demand for easy installation and durable lighting infrastructure. Stringent government regulations have pressurized enterprises in reducing carbon footprints and majority of organizations are retrofitting lighting infrastructure in their premises with smart lighting.
 

The supply chain disruptions from China and the U.S. has severely hit the fiberglass light pole market growth. These two countries account for more than 75% of the global fiberglass production, hence the sealing of international borders have significantly impacted the production of fiberglass light poles.
 

Surging prices of metallic poles to fuel the market demand

The fiberglass light poles market is witnessing rapid growth in the wake of rising metal prices, including those of iron, steel, nickel, and aluminum. Flat-rolled steel prices have been steadily rising since October 2019. As per the data released by London Metal Exchange, there has been an over 20% rise in steel prices in January 2020 compared to October 2019. As these metals are predominantly used for the construction of lighting equipment, their rising prices have set up new market expansion opportunities for fiberglass light poles.
 

Aluminum prices have also seen extreme market volatility with more than a 10% increase between October 2019 - March 2020. In addition, the severe halt in aluminum production facilities in China owing to the ongoing COVID-19 pandemic has also caused inflation in aluminum prices. China is the world’s largest producer of aluminum with an estimated market share of 55% in global aluminum production in 2019.
 

Fiberglass Light Poles Market Analysis

In Italy, the round tapered fiberglass light pole held around 55% market revenue share in 2019 and accounted for nearly 60% of total shipments. The round tapered fiberglass light pole features a UV-inhibiting polyurethane coating and is available in multiple lighting styles. These composite poles are also available in direct burial and anchor-based structures. Few companies manufacturing these poles in compliance with the ANSI, AASHTO & ASTM standards.
 

Furthermore, unlike square straight poles, round tapered fiberglass light poles offer the maximum nominal mounting height of up to 40’ with a wider base.  Round tapered fiberglass lighting poles are ideal for outdoor lighting applications. The need for decorative lighting poles will drive the round tapered fiberglass pole segment growth.
 

The France residential application segment held over 25% fiberglass light poles market revenue share in 2019. The country is expected to generate revenue of over USD 10 million and 24 thousand units by 2026. The rising demand for eco-friendly light poles from residential users is supporting the industry growth.
 

However, recreational features and shapes provided by these lamps are the major factors contributing to the demand for fiberglass light poles. Market players are emphasizing different recreational light poles to attract residential customers. Fiberglass light poles beautify residential landscapes and neighborhoods while providing lighting as per needs to keep the area safe.
 

Moreover, fiberglass light poles can sustain high winds and other unprecedented environmental situations. These poles can be majorly seen in houses located near the French coastal areas. Fiberglass poles do not require maintenance during their usage period as they are corrosion-resistant. Special spray coating is used on the pole surface to ensure that they do not fade for a long period.
 

North America held a significant portion in the global fiberglass light poles market with a nearly 25% share in 2019 and is predicted to reach USD 150 million revenue by 2026. The regional industry growth is characterized by several government initiatives to set up fiberglass recycling plants and boost the production of composites. Additionally, the presence of leading players including Valmont Industries, Inc., RS Technologies, Inc., and Vitrica SA De CV has accentuated the market size expansion.
 

The government authorities in Canada are emphasizing on recycling fiberglass. Under the Canadian Plastics Innovation Challenge, the Canadian government provided over USD 100k to Jeosal Materials Research Corporation to develop a solution for recycling fiberglass. This is another major factor contributing to the expanding market presence of fiberglass light poles in the region.
 

Fiberglass Light Poles Market Share

The global fiberglass light poles market share is characterized by intensified rivalry amongst major players and fueled by strategic partnerships & new product launches. For instance, in September 2019, Acuity Brands, Inc. acquired The Luminaires Group (TLG), a global provider of lighting solutions for commercial and industrial applications. The acquisition helped Acuity in leveraging the expertise of Lithonia Lighting, TLG’s fiberglass pole brand, to venture into the light poles market.
 

The consolidated nature of the market and lack of new entrants have forced established players to continuously launch new products with added functionalities to maintain the share and profitability among themselves. For instance, Valmont Industries, Inc. launched anti-UV fiberglass poles, which can withstand harsh sunlight and are ideal for deployment in sports stadiums & arenas. The new solution is expected to help the company offer stiff competition to major industry rivals.
 

Some of the key players operating in the market are

• Aeron Composite Pvt Ltd.
• Alliance Composites, Inc.
• Creative Composite
• Elsewedy Electric
• Jindal Power Corporation
• Lithonia Lighting (Acuity Brands)
• Main Street Lighting, Inc.
• NAFCO International, Inc.
• Nantong Wellgrid Composite Material Co., Ltd.
• PLP Composite Technologies, Inc.
• Shanghai Tung Hsing Composites Co., Ltd.
• Valmont Industries, Inc.
• Wood Preservers, Inc.

This market research report on fiberglass light poles includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:

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Market, By Type

• Square Straight Fiberglass Pole
• Round Tapered Fiberglass Pole

Market, By Application

• Residential
• Commercial
• Government

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Southeast Asia
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Egypt