Press Release: April 16, 2020
There has been a substantial rise in smart pole market over the years. The rise in the government initiatives pertaining to smart cities as well as increased demand for technologically advanced solutions for pole lighting systems are the key factors fuelling the growth of smart pole market. Apart from this, the increased usage of Internet of things technology in smart poles will further help the market to grow at a substantial rate during the forecast period.
Software segment is expected to grow at the highest rate during the forecast period owing to the increased demand for smart lighting software’s worldwide. These software’s basically controls the functionality of a lighting system and capable of performing various functions including real-time monitoring, street-alarms, dimming control, analytics and reporting, among others
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North America holds the largest market share in the global smart pole market in 2016. The increase in the adoption rate of smart pole systems for new infrastructure projects and growth in retrofitting activities pertaining to smart poles are the main factors which are propelling the growth of the market in the region. Asia-Pacific on the other hand, is the expected to grow at the highest CAGR during the forecast period owing to the factors such as development of several smart cities in the emerging economies such as India and China in the region.
This research report on smart pole market provides in-depth analysis of the global smart pole market based on offering, application and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for smart pole market. The report also analyses the competitive landscape and the major player and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
The report also profiles the major companies active in this field, including General Electric Company, Philips Lighting Holding B.V., Hubbell Incorporated, Cree Inc., Eaton Corporation PLC, Zumtobel Group AG, Acuity Brands Inc., Syska LED Lights Private Limited, Mobile Pro Systems, Virtual Extension Ltd.
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Key questions this research would answer:
1- Is the smart pole market growing? How long will it continue to grow and at what rate?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the smart pole market?
4- What are the various application areas and how they are poised to grow?
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