Bharat Book Bureau Provides the Treding Market Research Report on "Global Smart pole Market Size study, by Offering (Component, software and services), by Application (Highways and roadways, public places and railways and harbors), Installation type (New installation and Retrofit installation) and Regional Forecasts 2020-2027" under Services Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.
Global Smart pole Market is valued approximately USD 8.50 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 19.99% over the forecast period 2020-2027. Smart poles are also known as intelligent light pole which comprises of many other facilities apart than lighting including, Wi-Fi, Bluetooth, Charger points, and other many more functions. The major factor for implementation of smart pole is to give better experience to the people when they are out of their houses and offices through offering them a web connectivity on streets. The rapid growth in government initiatives regarding smart cities across the globe is escalating the demand for smart poles across the globe.
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For instance: In 2015, the government of India launched National Smart Cities Mission to develop smart cities across the country. The mission aimed towards development of 100 smart cities in India with the deadline of completion in between 2019-2023. Similarly, European commission incorporated European innovation partnership on smart cities and community’s initiative. The aim behind initiative is to improve urban life through more sustainable integrated solutions and addresses city-specific challenges from different policy areas such as energy, mobility and transport, and Information and communication technology (ICT) infrastructure.
The regional analysis of global Smart pole Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid growth in advanced technologies and smart infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as government initiatives regarding smart cities would create lucrative growth prospects for the Smart pole Market across Asia-Pacific region.
Major market player included in this report are:
Philips Lighting Holding B.V.
General Electric Company
Eaton Corporation PLC
Acuity Brands, Inc.
Zumtobel Group AG
Syska LED Lights Private Limited
Virtual Extension Ltd.
Mobile Pro Systems
The detailed segments and sub-segment of the market are explained below:
Highways and roadways
Railways and harbors
By installation type:
Rest of the World
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