Smart Pole Market Forecast 2022 To 2031 : Analysis By Key Players, Growth, Drivers And Industry Challenges

The global smart pole market report by the business research company identifies the growing number of smart roads across the globe is expected to be a major growth driver for the smart pole market. Smart roads refer to actual roads equipped with a smart streetlight, smart traffic lights, and other smart technologies, which provide safe and secured transportation. These roads utilize advanced communication networks, IoT sensor networks, big data, and MI/AL technologies, to gather information from traffic lights, parking meters, air quality and others. These data are further used to provide efficient traffic movement, reduce congestion, and offer secured and safe passage to people. For instance, according to the study published in Tomorrow City, an interdisciplinary research hub, in Europe, more than EUR 421 million in the development of 69 mobility projects. Therefore, an increase in the number of smart roads is expected to boost the smart poles market during the forecast period.

The global smart pole market size is expected to grow from $7.60 billion in 2021 to $9.11 billion in 2022 at a compound annual growth rate (CAGR) of 19.96%. The global smart poles market size is expected to grow to $7.74 billion in 2026 at a CAGR of 18.12%.

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North America was the largest region in the smart pole market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global smart pole market during the forecast period. The regions covered in the global smart pole market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the smart pole market are Signify Holding, Silver Spring Networks, Inc., Telensa, Wipro Limited, Zumtobel Group, Lumca Inc., Sunna Design Inc., ELKO EP, SE. OMNIFLOW, Jaguar, Shanghai Sansi Electronic Engineering Co., Ltd., Goldspar Australia Pty. Ltd., iRam Technologies, Telelink City, and Ampolt Electronics India Pvt Ltd.

The global smart pole market is segmented -
1) By Hardware: Lighting Lamp, Pole Bracket and Pole Body, Communication Device, Controller, Others

2) By Installation Type: New Installation, Retrofit Installation

3) By Application: Highways and Roadways, Public Places, Railways and Harbors

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The Smart Pole Market Report Contents Include
1. Executive Summary
2. Smart Pole Market Characteristics
3. Smart Pole Market Trends And Strategies
4. Impact Of COVID-19 On Smart Pole
5. Smart Pole Market Size And Growth
....
26. Africa Smart Pole Market
27. Smart Pole Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Pole Market
29. Smart Pole Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the Smart Pole market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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