Global Smart Pole market is accounted for $10.94 billion in 2020 and is expected to reach $54.02 billion by 2028 growing at a CAGR of 22.1% during the forecast period. Some of the key factors propelling the market growth include rising need for reducing traffic jams and preventing accidents, growing government initiatives for smart cities, and increased demand for technologically advanced solutions for pole lighting systems.
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By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the fast urbanization along with the increasing population. Moreover, the rapidly growing agricultural activities led to the huge demand for Smart Pole products in this region.
Some of the key players in Smart Pole Market include Acuity Brands, Inc., Mobile Pro Systems, Philips Lighting Holding B.V., Valmont Structures Pvt. Ltd, Zumtobel Group AG, Virtual Extension Ltd., General Electric Company, Syska LED Lights Private Limited, Siemens, Cree, Inc., Ericson, Hubbell Incorporated, Neptun Light, Inc., Eaton Corporation PLC, Wipro, and Telensa Limited.
Installation Types Covered in Smart Pole Market
• Retrofit Installation
• New Installation
Sales Channels Covered:
• Direct Sales
• Public Places
• Highways and Roadways
• Railways and Harbors
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