Smart Pole Market 2021 Growth, Trend, Analysis, Future Opportunities and Industry Forecast to 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Smart Pole Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Smart Pole Market products.

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The Global Smart Pole Market was valued at USD 4.86 billion in 2016 and is projected to reach USD 25.13 billion by 2025, growing at a CAGR of 20.03% from 2017 to 2025.

Smart Poles serve as an important connected light source which can be remotely managed and they house technology to improve mobile network performance across the city. The smart pole system has various advantages over conventional street lights such as reduced maintenance costs, real-time reports and controllability, less environmental impact, and expendable infrastructure and scalability. Smart poles could provide various benefits such as internet connectivity, announcement speakers, and charging points to help tourists visiting the public places.

Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Increasing use of IoT technology in smart poles
1.2 Rising demand for energy efficiency in developing economies
1.3 Growing government initiatives for smart cities
1.4 Reduction in traffic jams and prevents accidents
2. Market Restraints
2.1 Poor standardization of communication protocols
2.2 High cost

Market Segmentation:
The Global Smart Pole Market is segmented on the installation type, offering, application, and region.

1. Installation Type:
1.1 Retrofit
1.2 New Installation

2. By Offering:
2.1 Software
2.2 Services
2.2.1 Installation
2.2.2 Maintenance
2.3 Component
2.3.1 Communication Device
2.3.2 Lighting Lamp
2.3.3 Ballast
2.3.4 Lamp Controller
2.3.5 Pole Bracket and Pole Body
2.3.6 Others

3. By Application:
3.1 Public Places
3.2 Railways and Harbors
3.3 Highways and Roadways

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. General Electric Company
2. Eaton Corporation PLC
3. Zumtobel Group AG
4. Virtual Extension Ltd.
5. Mobile Pro Systems
6. Philips Lighting Holding B.V.
7. Hubbell Incorporated
8. Syska LED Lights Private Limited
9. Acuity Brands, Inc.
10. Cree, Inc.
11. Maven Systems Pvt. Ltd.

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Research study on the Global Smart Pole Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

Access Full Report Here – https://www.kennethresearch.com/report-details/global-smart-pole-market/10059709\

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