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Fiberglass Light Poles Market Share

Report ID: GMI4783
Published Date: Jul 2020
Report Format: PDF

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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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of fiberglass light poles was valued at over USD 450 million in 2019.

The industry share of fiberglass light poles is projected to witness 4% growth during 2020-2026.

Global industry shipments may cross 1 million units by 2026, driven by emerging IoT technologies and improvements in smart city lighting.

This round tapered product is available in multiple lighting styles and has a UV-inhibiting polyurethane coating. The segment will fare well in Italy, having accounted for 55% of Italy market revenue share in 2019 and 60% of total shipments.

The France residential application segment accounted for 25% market revenue share in 2019 and may exceed 24 thousand units and USD 10 million, in terms of volume and revenue, respectively, by 2026, due to surging demand for eco-friendly light poles from residential spaces.

These products will gain ground in North America, driven by myriad government initiatives that help establish fiberglass recycling plants. North America held 25% market share in 2019 and may cross USD 150 million by 2026.

Since aluminum is majorly used for constructing lighting equipment, price volatility will adversely impact market growth. Aluminum price volatility increased 10% over Oct 2019 - Mar 2020, while China, the world