Press release
Composite Utility Pole Market Size, Share & Trends Analysis Report and Regional Forecasts, 2023-2031
Composite Utility Pole Market
Composite utility poles, also known as fiberglass utility poles, are used in various applications for the transmission and distribution of electricity, telecommunication services, and street lighting. These poles are lightweight, strong, durable, and have a longer lifespan compared to traditional wooden or metal poles. The global composite utility pole market is expected to grow at a significant rate due to the increasing demand for reliable and cost-effective power transmission and distribution systems.
The Global Composite Utility Pole Market Size is projected to grow at CAGR of approximately 5.1% during the forecast period.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://reedintelligence.com/market-analysis/global-composite-utility-pole-market/request-sample
Competative Landscape
• Strongwell Corporation
• Valmont Industries, Inc.
• Creative Pultrusions, Inc.
• Hill & Smith Holdings PLC
• RS Technologies Inc.
• Fibrwrap Construction Services, Inc.
• CMT Worldwide Enterprises, Inc.
• Exel Composites Oyj
• Lumiant Corporation
• RSM Industries, Inc.
Market Dynamics:
Market Drivers:
• Growing demand for renewable energy sources.
• Increasing investments in smart grid technologies.
• Rising focus on energy efficiency and conservation.
• Advantages of composite utility poles over traditional poles.
• Government initiatives to upgrade existing power infrastructure.
Market Restraints:
• High initial costs of composite utility poles.
• Limited awareness among end-users.
• Stringent regulations related to the manufacturing and installation of utility poles.
Market Opportunities:
• Growing demand for composite utility poles in emerging economies.
• Development of new and advanced composite materials.
• Increasing adoption of underground power transmission systems.
View Full Composite Utility Poles Market Segmentations @ https://reedintelligence.com/market-analysis/global-composite-utility-pole-market/segmentation
Segment Analysis:
By Type:
The composite utility pole market can be segmented based on type into:
• FRP (Fiber Reinforced Polymer) composite poles
• GRP (Glass Reinforced Plastic) composite poles
By Application:
The composite utility pole market can be segmented based on application into:
• Power transmission
• Power distribution
• Telecommunication
• Street lighting
Table of Content
Chapter 1. Executive Summary
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Factor Analysis
Chapter 5. Market Dynamics
Chapter 6. Impact of COVID-19 on Composite Utility Poles Market
Chapter 7. Composite Utility Poles Market, Segment by Type
Chapter 8. Composite Utility Poles Market, Segment by Application
Chapter 9. Regional Overview
Chapter 10. Competitive Landscape, 2022
Chapter 11. Company Profile
Read Full Report with Table of Content @ https://reedintelligence.com/market-analysis/global-composite-utility-pole-market/toc
Recent Developments:
In June 2021, Valmont Industries, Inc. announced the acquisition of DS SMITH PLC's Composite Consumer Packaging business, which includes composite utility poles.
In March 2021, the U.S. Department of Energy announced funding for the development of advanced composite materials for utility poles.
In August 2020, MFG Chemical expanded its production capacity for composite materials used in utility poles.
Related Reports
https://reedintelligence.com/market-analysis/global-luxury-outdoor-jackets-market
https://reedintelligence.com/market-analysis/global-pet-tear-stain-remover-wipe-market
https://reedintelligence.com/market-analysis/global-portable-barbeque-grill-market
Contact Us:
Email: sales@reedintelligence.com
About Us:
Reed Intelligence is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.
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