It’s known that smart pole is being more and more important nowadays, it’s also a carrier of Smart city. But how important it could be? Some of us may not know. Today let’s check the development of the Smart Pole Market.
The Global Smart Pole Market is Segmented By Type (LED, HID, Fluorescent Lamp), By Application (Highways & Roadways, Railways & Harbors, Public Places): Opportunity Analysis and Industry Forecast, 2022–2028.
Due to the COVID-19 pandemic, the global Smart Pole Market size is estimated to be worth USD 8378.5 Million in 2022 and is forecast to be a readjusted size of USD 15930 Million by 2028 with a CAGR of 11.3% during the review period.
Major factors driving the growth of the Smart Pole market are:
The capacity of smart poles to reduce accidents and traffic bottlenecks, the rising demand for energy-efficient streetlights, offering more cost effective solution to the government, and increased government initiatives for the creation of smart cities are all factors contributing to the Smart Pole market growth. In addition, with the incorporation of EV chargers, wireless sensor networks, security cameras, traffic management systems, and air quality monitoring systems additionally, the demand has been influenced by transport management systems in smart poles.
The Smart Pole market growth is anticipated to be further accelerated by the increased implementation of AI and IoT for improving the performance of these systems.
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Post time: Mar-20-2023
