Technavio has been monitoring the smart pole market and it is poised to grow by $ 7.97 bn during 2020-2024, progressing at a CAGR of over 19% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Smart Pole Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acuity Brands Inc., American Tower Corp., Cree Inc., General Electric Co., Hubbell Inc., Siemens AG, Signify NV, Telensa Ltd., Wipro Ltd., and Zumtobel Group AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The multiple functionalities of smart pole has been instrumental in driving the growth of the market. However, high costs associated with smart poles might hamper market growth.
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Smart Pole Market 2020-2024: Segmentation
Smart Pole Market is segmented as below:
- Retrofit Installations
- New Installations
- North America
- South America
Smart Pole Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The smart pole market report covers the following areas:
- Smart Pole Market Size
- Smart Pole Market Trends
- Smart Pole Market Industry Analysis
This study identifies rising levels of air pollution as one of the prime reasons driving the smart pole market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Smart Pole Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist smart pole market growth during the next five years
- Estimation of the smart pole market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart pole market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart pole market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Retrofit installations - Market size and forecast 2019-2024
- New installations - Market size and forecast 2019-2024
- Market opportunity by Type
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver - Demand led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Acuity Brands Inc.
- American Tower Corp.
- Cree Inc.
- General Electric Co.
- Hubbell Inc.
- Siemens AG
- Signify NV
- Telensa Ltd.
- Wipro Ltd.
- Zumtobel Group AG
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.