Smart Pole Market 2022 In-depth Research Studies on Products, Countries, Companies and Industry Segmentation by 2030

SDKI Inc. published a new report on the Global Smart Pole Market-Forecast 2022-2030. This study includes the statistical and analytical approaches needed to grow the smart pole market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-91707

The smart pole market is estimated to reach US $ 43.83 billion by 2030 from a market value of US $ 12.24 billion in 2022 and is expected to grow at a CAGR of 19.99% during the 2022-2030 forecast period.

Smart poles are also called intelligent street lamps, Wi-Fi, Bluetooth, charger points, and many more. It consists of many functions other than lighting, including functions. The main factor in implementing smart poles is to provide a better experience for people on the go by providing a web connection on the street. The rapid growth of government initiatives for smart cities around the world is driving demand for smart poles around the world. In 2015, the Government of India launched a national smart city mission to develop smart cities across the country. The mission aimed to develop 100 smart cities in India with a deadline to be completed between 2019-2023. The European Commission has also embraced a European innovation partnership on smart city and community initiatives.

The ability of Smart Pole to integrate electronic devices, software controls and sensors to help collect and transmit information from Pole's location to Operator's location is a major driver of smart pole demand worldwide. Smart poles are also widely used in energy saving parameters to enhance people's prosperity. In addition, improving business automation requirements are helping to increase the deployment of smart poles around the world. These factors are driving the growth of the smart pole market during the forecast period. However, the higher initial costs compared to traditional poles can hinder the growth of the smart pole market.

Sample URL for the report
https://www.sdki.jp/sample-request-91707

Increasing technological advances in VR / AR (Virtual Reality / Augmented Reality) artificial intelligence (AI), 5G, IoT, cloud computing, etc. are notable factors driving market growth. According to the United Nations Conference on Trade and Development (UNCTAD), there are 8.4 billion IoT devices worldwide, and the IoT market will account for US $ 130 billion in 2018 and is estimated to reach US $ 1.5 trillion by 2025. In 2019, global ICT exports (% of total exports) were 11.536, with the United States accounting for 8.7%, followed by Japan at 8%. In addition, the growth of active Internet users in the world has reached about 60% of the world's population, further driving the growth of the market. By the end of December 2020, the total number of active Internet users worldwide was approximately 4.3 billion. These factors are also projected to create favorable business opportunities for market players and are expected to further boost market growth over the next few years.

Smart Pole Market Segment

The smart pole market is by offering (components, software and services), application (highways and roads, public places and railroads and ports), installation type (new and modified installations), and region. It will be split. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on the installation type, the market is divided into new and modified installations. The modified installation segment holds the largest market share and is estimated to witness the largest CAGR during the forecast period. This growth stems from the smart city initiatives various governments are pursuing to install digital signage, Wi-Fi hotspots, security cameras, and environmental monitoring systems on existing utility poles.

Regional overview of the smart pole market

The smart pole market is further subdivided based on the region, and the market growth of each country is evaluated. These include North America (US, Canada, and other North America), Europe (Germany, France, Italy, Spain, UK, and other Europe), Asia Pacific (China, Japan, India, Australia, Singapore, and others). Asia Pacific) and other regions.

North America is the world's leading region in terms of market share. This is due to the rapid growth of advanced technology and smart infrastructure. Meanwhile, the Asia Pacific smart pole market is expected to show the highest growth rate / CAGR during the 2022-2030 forecast period. Factors such as government initiatives for smart cities create favorable growth opportunities for the smart pole market in the Asia Pacific region.

Details of the survey report
https://www.sdki.jp/reports/global-smart-pole-market/91707

A major key player in the smart pole market

Key players in the smart pole market include Philips Lighting Holding BV, General Electric Company, Hubbell Incorporated, Cree, Inc., Eaton Corporation PLC, Acuity Brands, Inc., Zumtobel Group AG, Syska LED Lights Private Limited, Virtual Extension. Ltd., Mobile Pro Systems, etc. The survey includes a detailed competitive analysis of these major companies in the smart pole market, corporate profiles, recent developments, and key market strategies.

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This release was published on openPR.