Global Fiberglass Light Poles Market

Global Fiberglass Light Poles Market Size, Share, Growth Analysis, By Type(Square Straight Fiberglass Pole, Round Tapered Fiberglass Pole), By Application(Residential, Commercial) - Industry Forecast 2024-2031

Report ID: SQMIG20D2205 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 62 | Figures: 75

Global Fiberglass Light Poles Market News

  • March 2023: Unipole LLC, a manufacturer of fiberglass light poles, announced the launch of its new line of smart light poles. The poles are equipped with sensors that can collect data on traffic flow, air quality, and other environmental factors.
  • April 2023: Valmont Industries, Inc., a manufacturer of fiberglass light poles, announced the acquisition of Fiber Tower Corporation. Fiber Tower Corporation is a manufacturer of fiberglass communication towers. The acquisition will allow Valmont Industries to expand its product portfolio and reach new markets.
  • May 2023: Southern Light Technologies, Inc., a manufacturer of fiberglass light poles, announced the development of a new type of fiberglass pole that is resistant to lightning strikes. The pole is made with a special resin that absorbs the energy from lightning strikes, preventing them from damaging the pole.
  • June 2023: The American Society of Civil Engineers (ASCE) released a report on the future of infrastructure in the United States. The report called for the increased use of fiberglass light poles in order to improve the durability and sustainability of infrastructure.
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Global Fiberglass Light Poles Market size was valued at USD 1.80 billion in 2022 and is poised to grow from USD 1.90 billion in 2023 to USD 2.94 billion by 2031, growing at a CAGR of 5.6% during the forecast period (2024-2031).

The fiberglass light poles market features a competitive landscape with several key players vying for market share. Prominent companies such as Valmont Industries, Inc., Ameron Pole Products (a subsidiary of Valmont Industries), Strongwell Corporation, StressCrete Group, and LSI Industries Inc. are among the leading manufacturers of fiberglass light poles globally. These companies have established themselves by offering a wide range of innovative and durable fiberglass lighting solutions for various applications. The market is characterized by ongoing product development efforts, strategic partnerships, and a focus on sustainability, with many players emphasizing energy-efficient lighting solutions. As the demand for fiberglass light poles continues to rise, competition remains fierce, driving further innovation and advancements in the industry. 'Valmont Industries, Inc.', 'StressCrete Group', 'Polefab', 'Ameron Pole Products (a division of Valmont Industries) ', 'Union Metal Corporation ', 'Alura Lighting ', 'Pexco Davidson Traffic Control Products ', 'Exel Composites ', 'Clearway Group ', 'Hill & Smith Ltd. ', 'Omega Industries, Inc. ', 'LSI Industries Inc. ', 'LightMart ', 'Maico Industries, Inc. ', 'Vista Professional Outdoor Lighting ', 'Lyte Poles ', 'SELUX Corp. ', 'Elite Optoelectronics Co., Ltd. ', 'Valmont Structures Australia', 'Eurofins E&E North America'

The growing emphasis on energy-efficient and sustainable lighting solutions is a significant driver of the fiberglass light poles market. Fiberglass light poles are known for their reduced energy consumption and long lifespan, making them an eco-friendly choice.

Rising Demand for Energy Efficiency: One of the prominent trends in the fiberglass light poles market is the increasing demand for energy-efficient lighting solutions. Governments and organizations worldwide are striving to reduce energy consumption and carbon emissions. Fiberglass light poles, with their ability to accommodate LED and other energy-efficient lighting technologies, are a favored choice for achieving these goals.

The largest region in the fiberglass light poles market is North America, with the United States as the leading country within this region. North America's dominance is attributed to its well-developed infrastructure and extensive use of outdoor lighting solutions in various applications, including commercial, residential, and government sectors. The United States, in particular, stands out due to its significant investments in modernizing and expanding its outdoor lighting infrastructure, driven by the need for energy-efficient and sustainable lighting solutions. 

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