Fiberglass light poles market to reach $550 Mn by 2026

According to a recent study from market research firm Global Market Insights, the fiberglass light poles market is set to grow from its current market value of more than $450 million to over $550 million by 2026, gaining remarkable traction over the 2020 to 2026 period.

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.

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 percent share in the global fiberglass light poles market at a CAGR of 3.0%. 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.

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