Smart Pole Industry is the Next Big Thing| Fortune
Posted by Nicky Arora on February 20th, 2020
The global smart pole market size is expected to reach USD 15.8 billion by 2025, registering a CAGR of 19.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Increasing government initiatives for development of smart cities is expected to be a major factor in driving the market over the forecast period. Governments around the globe are focusing on development of systems such as intelligent transportation systems, environmental monitoring systems, and intelligent advertising systems, which bodes well for market growth.
Development of advanced cellular network technologies such as Long Term Evolution and mobile broadband technologies is expected to drive product demand. Besides this, increasing popularity of public Wi-Fi networks is expected to elevate its demand. The growing trend of integrating different systems such as Automobile Number Plate Recognition (ANPR) systems, command and control solutions, and traffic management systems is also expected to keep growth prospects upbeat over the forecast period.
Various governments are entering into partnerships with private companies such as Siemens; Ericson; Cree, Inc.; and Wipro for the up-gradation of existing lighting networks in cities. In addition, these partnerships are focusing on the development of self-operated fuel stations in which smart poles are used for connecting different systems such as ANPR, smoke detectors, gas sensors, and electric vehicle chargers for enhancing the safety and features of these stations. Furthermore, rising product adoption in emergency management systems is expected to contribute significantly to smart pole market growth over the next few years.
Access Full Sample Copy @ https://www.grandviewresearch.com/industry-analysis/smart-pole-market/request/rs1
Further key findings from the report suggest:
Some of the major players in the market are Acuity Brands; Cree, Inc.; Eaton; Ericson; GENERAL ELECTRIC COMPANY; Siemens; Signify; Telensa Limited; Wipro; and Zumtobel Group.
About the AuthorNicky Arora
Joined: October 15th, 2019
Articles Posted: 318
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