COVID-19 Impact Analysis on Smart Pole Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2022-2028. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country markets in detail.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the smart pole market include Cree Inc., Eaton, Echelon, General Electric, Siemens, Signify Holding, Silver Spring Networks Inc., Telensa, Wipro Limited, Zumtobel Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The smart pole market size shows considerable growth during the forecast period. The market growth is driven by the factors such as the role of smart poles in preventing accidents and traffic congestion in the cities, the rising necessity of energy-efficient streetlights, and the increasing government focus on smart city development across the world. The market demand is created by the increasing use of wireless network systems, surveillance systems, transport and traffic management systems, and air quality monitoring systems incorporated into the smart poles. The adoption of artificial intelligence and the internet of things, IoT, to increase the efficiency of smart poles will likely boost market growth. As far as the application segment is concerned, the highways and roadways segment will see the highest growth in the forecast period. The key players focus on innovation, research and development, and partnership strategies to maintain their position in the market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of smart pole. The growth and trends of smart pole industry provide a holistic approach to this study.
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Market Segmentation
This section of the smart pole market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
· Hardware
· Software
· Service
By Hardware
· Lighting Lamp
· Pole Bracket & Pole Body
· Communication Device
· Controller
· Others
By Installation Type
· New Installation
· Retrofit Installation
By Application
· Highways & Roadways
· Public Places
· Railways & Harbors
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Smart Pole market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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According to the latest report by IMARC Group, titled “Smart Pole Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global smart pole market exhibited strong growth during 2015-2020.
Looking forward, IMARC Group expects the global market to grow at a CAGR of around 12% during the forecast period (2021-2026).We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
These observations will be integrated into the report.Request Free Report Sample:https://www.imarcgroup.com/smart-pole-market/requestsampleSmart pole refers to a lighting system that is integrated with artificial intelligence (AI) sensors, wireless connectivity, intelligent light emitting diode (LED) lighting, and 5G technology to create a smart city.
It utilizes cell-based stations present within the pole that communicate information between multiple parties through real-time data.
Smart poles are commonly used as charging stations for electric vehicles (EVs) and are built with surveillance systems to monitor air quality, traffic, gatherings, crimes, accidents, and unauthorized parking.Rapid urbanization and the rising need to efficiently manage assets and infrastructure are primarily driving the global smart pole market.
Besides this, governments of several nations have been focusing on developing smart city projects and applying the Internet of Things (IoT) to improve air quality, traffic flow, and establish advertising systems, which is further propelling the market growth.
