Smart Pole Industry Forecast and Size Analysis 2019-2025
Global Smart Pole Industry was valued at USD 6.03 Billion in the year 2017. Global Smart Pole Industry is further estimated to grow at a CAGR of 17.34% from 2017 to reach USD 15.74 Billion by the year 2025. North America region holds the highest Industry share in 2017 and Asia Pacific Industry is considered as the fastest growing Industry in the forecasted period. At country level China, Japan and India are projected to grow strongly in the coming years. The major players in smart pole industry are Syska LED Lights Private Limited, Eaton Corporation PLC, Zumtobel Group AG, General Electric Company, Philips Lighting Holding B.V., Acuity Brands Inc., Cree Inc., Zumtobel Group AG, Ericsson Inc., Hubbell Incorporated and other 13 companies detailed information is provided in research report. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the key manufacturers in recent years.
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Strength Improve the telecom infrastructure Reduces the visual pollution Weakness High Infrastructure Cost Opportunities Implementation of IoT Technology