**Global Smart Pole Market To Record Escalated Growth In Revenue During Forecast Period : Fact.MR**

The industry that supplies infrastructure for smart cities and IoT-enabled lighting, communication, and environmental monitoring systems is referred to as the “smart pole market.” Street light poles that have been outfitted with a number of sensors, cameras, and communication tools are known as “smart poles.” These poles may be used for a variety of things, including lighting control, traffic management, air quality monitoring, and public Wi-Fi. These poles are intended to increase energy efficiency, the city’s infrastructure, and to provide as a platform for the incorporation of smart city services. The desire for smart city infrastructure, the growing use of IoT technologies, and the increased emphasis on sustainability and energy efficiency are driving the market for smart poles.

The market is anticipated to expand in the upcoming years as a result of cities’ increased use of smart poles, rising demand for services provided by smart cities, and growing emphasis on sustainability. Smart poles can assist address the rising need for energy-efficient lighting and smart city projects in addition to avoiding traffic bottlenecks and accidents. This is the cause of the market for smart poles expanding. Additionally, by enhancing these systems’ performance, AI and IoT are anticipated to hasten market expansion.

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Key Segments Covered in Smart Pole Industry Survey

By installation type:
Install new smart poles
Install Retrofit Smart Pole
By application:
Smart Poles for Highways and Roads
Smart Pole for Public Places
Smart Poles for Rail and Ports
By component:
smart poll software
Smart Pole Hardware
lighting lamp
Pole Bracket and Pole Body
communication device
etc
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The major players covered in Smart Pole Market research report are:

Eaton PLC
general electric company
Siemens AG
Silverspring Networks (Itron)
Wepro Limited
means holding BV
step
zoomtobel group
Cree (Wolfspeed Inc.)
Key Takeaways from the Market Study

By 2022, it is estimated that this market will reach a market valuation of US$ 65.12 Bn Bn.
In 2022, North America is projected to account for over 31% of sales.
Controllers are expected to dominate the market in 2022, accounting for over 30% of revenue.
The development of smart cities by various governments is expected to drive the highest revenue share of over 60% for retrofit installation by 2022.
Over 58% of revenue is expected to come from the hardware segment in 2022
Asia Pacific is likely to experience a CAGR of 19% from 2022 to 2032