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Fiberglass Light Poles Market Size

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

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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.

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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.

Fiberglass Light Poles Market Report Attributes
Report Attribute	Details
Base Year:	2019
Fiberglass Light Poles Market Size in 2019:	USD 450 million
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	4%
2026 Value Projection:	USD 550 million
Historical Data for:	2015 to 2018
No. of Pages:	150
Tables, Charts & Figures:	391
Segments covered:	Product Type, Application, and Region
Growth Drivers:	Increasing deployment of fiberglass light poles in smart cities Surging prices of metallic light poles Better durability and lightweight features of fiberglass Growing demand for anti-corrosive lighting infrastructure
Pitfalls & Challenges:	Health hazards associated with fiberglass Capital intensive production and complex manufacturing process

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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.

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