Fiberglass light poles market to reach $550m 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.

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.

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.

www.gminsights.com/industry-analysis/fiberglass-light-poles-market

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