Smart Poles Market: An In-Depth Exploration of the Industry

The global smart poles market size was USD 7.52 billion in 2021 and is expected to register a revenue CAGR of 20.7% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by rising demand for established robust infrastructure for proper traffic management and surge in adoption of connected devices and latest technologies for a variety of tasks. Smart poles are being widely used in important locations such as public spaces, roadways, highways, harbors, and railways and by governments of many cities to offer Wi-Fi connectivity to their residents. In addition, smart poles are ensuring a positive future development with a wide range of applications and growing public awareness. Businesses are optimistic about rising investments in the Architectural, Engineering, and Construction (AEC) sector. To acquire a competitive edge in local, regional, and worldwide markets, all businesses should engage in R&D initiatives and design talents. This is surging demand for smart poles and hence, driving market revenue growth at an exponential rate throughout the forecast period, but established businesses will face fierce competition from startups.

The latest report, titled ‘Global Smart Poles Market’, published by Emergen Research, is anticipated to witness a substantial growth rate over the forecast period of 2020-2027, at an impressive CAGR. The market intelligence report offers a complete overview of the Smart Poles market, with minute details on the competitive landscape and the profiles of the key companies operating in the business. Our team of analysts has conducted an assessment of the historical market trends, estimated growth rate, revenue generation, production capacity, pricing structure, and numerous other vital aspects of the market, including key market drivers, opportunities, challenges, and restraints.

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Key companies operating in the Smart Poles market include:

Signify Holding (Koninklijke Philips N.V.), Acuity Brands Lighting, Inc., Eaton, Wolfspeed, Inc., Hubbell, Savant Technologies LLC (GE Lighting), Lumca, Efftronics Systems Pvt. Ltd., iRam Technologies Pvt. Ltd., Siemens, and Wipro

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Smart Poles market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Smart Poles Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market

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Smart Poles Market Segmentation:

Pole Type Outlook (Revenue, USD Billion; 2019-2030)
- Dual Arm
- Single Arm
- Round

Component Type Outlook (Revenue, USD Billion; 2019-2030)
- Hardware
  1. Lighting Lamp
    1. Light-Emitting Diode (LED) Lamp
    2. Fluorescent Lamp
    3. High-Intensity Discharge (HID) Lamp
  2. Pole Bracket and Pole Body
  3. Communication Device
  4. Ballast
  5. Lamp Controller
  6. Others
- Software
- Services
  1. Installation
  2. Maintenance

Installation Type Outlook (Revenue, USD Billion; 2019-2030)
- New Installation
- Retrofit

Smart Poles Market Segmentation by Regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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