According to a new market report by Lucintel, the future of the smart pole market looks promising with opportunities in the highway, roadways, public places, harbors, and railway industries. The smart pole market is expected to grow with a CAGR of 20% from 2019 to 2024. The major drivers for this market are need for energy-efficient lighting systems, increasing government initiatives for smart cities, risk of road accidents, and increasing need for traffic management.
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In this market, smart poles are used to reduced maintenance costs and real-time monitoring of traffic in highways, roadways, public places, harbors, and railway industries. Lucintel forecasts that the highways and roadways will remain the largest application due to higher demand of street lighting as compare to other application. Smart pole also provide real time traffic monitoring to reduce the crime, accidents, and traffic jams.
North America will remain the largest region and Asia Pacific is expected to witness the highest growth due to stringent government regulations in countries, such as India, China, Ausralia, and Japan, to reduce the energy consumption by street lightings
Philips Lighting Holding, General Electric Company, Hubbell Incorporated, Cree, Eaton Corporation, Acuity Brands, Zumtobel, Syska LED, Lights Private Limited, Virtual Extension, Mobile Pro Systems are among the major players in the smart pole market .
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart pole market by application, installation type, component type, and region. Lucintel has prepared a comprehensive research report entitled “Smart pole Market 2019-2024: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart pole market by application, installation type, component type, and region as follows:
By Application [$M shipment analysis for 2013 – 2024]:
Highways and Roadways
Public Places
Railways and Harbors
By Installation Type [$M shipment analysis for 2013 – 2024]:
New Installation
Retrofit
By Component Type [$M shipment analysis for 2013 – 2024]:
Lighting Lamp
Communication Devices
Lamp Controller
Sensors
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/smart-pole-market.aspx or helpdesk@lucintel.com.
About Lucintel
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