Lucintel Forecasts The Global Frp Cross Arm Market To Reach $147 Billion By 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global FRP cross arm market looks promising with opportunities in in power transmission, telecommunication and lighting. The global FRP cross arm market is expected to reach an estimated $147 billion by 2030 from $119 billion in 2023 at a CAGR of 3% from 2023 to 2030. The major drivers for this market are the increasing replacement of old poles and cross arms with the new one in the developing countries.
Browse 72 figures/charts and 51 tables in this 133-page report to understand trends, opportunity and forecast in FRP cross arm market to 2030 by application (power transmission and distribution, telecommunication and lighting and others), type (tangent cross arm and deadend cross arm), by region (North America, Europe, Asia Pacific, and Rest of the World).
Lucintel forecasts that, tangent is expected to be the largest type by value and volume due to its increasing use in composite, concrete, metal, and wood pole to support conductors along transmission and distribution lines. Tangent cross arm is expected to witness highest growth over the forecast period.
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Power transmission and distribution will remain the largest application market by value and volume due to increase in investment for new power generation infrastructure and replacement of existing network. Telecommunication is expected to witness highest growth over the forecast period.
North America is expected to remain the largest region and APAC is expected to witness the highest growth over the forecast period due to growing replacement activities in the developing countries like China and India.
Geotek Inc, Valmont Industries, Creative Composites Group, Liberty Pultrusions, RS Technologies Inc. are the major suppliers in the FRP cross arm market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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