Global Smart Pole Market 2024-2028

Global Smart Pole Market 2024-2028

The smart pole market is forecasted to grow by USD 19149.3 mn during 2023-2028, accelerating at a CAGR of 20.6% during the forecast period. The report on the smart pole market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by smart pole enables multiple functionalities, rise in urban population, and increase in air pollution.

Technavio's smart pole market is segmented as below:

By Type

• Retrofit installations
• New installations

By Product

• Component
• Software
• Services

By Geography

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the increasing number of smart cities as one of the prime reasons driving the smart pole market growth during the next few years. Also, adoption of 5G technology to enhance smart pole efficiency and growing popularity of EVs creates demand for installation of chargers in smart poles will lead to sizable demand in the market.

The report on the smart pole market covers the following areas:

• Smart pole market sizing
• Smart pole market forecast
• Smart pole market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart pole market vendors that include Acuity Brands Inc., Eaton Corp. Plc, ELKO EP Holding SE, General Electric Co., Goldspar Australia Pty Ltd., Hubbell Inc., Itron Inc., Jaquar India, Koninklijke Philips N.V., Lumca Inc., Mobile Pro Systems, Norsk Hydro ASA, OMNIFLOW SA, Renesas Electronics Corp., Shanghai Sansi Electronic Engineering Technology Co. Ltd., Siemens AG, Signify NV, Sunna Design SA, Valmont Industries Inc., and Wipro Ltd.. Also, the smart pole market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.