Smart Pole Market Share, Size, Trends – [2022-2029]
The Smart Pole industry report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the The Smart Pole Market by region.
Key Industry Developments
- In January 2019– Hikvision has announced the release of Smart Poles, a solution for smart infrastructure. These intelligent poles provide security and safety solutions for public spaces.
- In May 2020– Sumitomo Corporation, an investment management firm, said that it has reached an agreement with the Tokyo Metropolitan Government for the trial installation and verification of the government’s smart poles. Sumitomo Corporation and NEC Corporation, an information technology corporation, agreed to install two types of smart poles in Tokyo’s Nishi-Shinjuku neighbourhood.
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Pre-Post COVID-19 Impact on Global Smart Pole Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Smart Pole Market, since end-user industries were still not operating at their full capacity.
Who are the Major Smart Pole Market Vendors?
- Philips Lighting Holding B.V. (Netherlands)
- General Electric (US)
- Hubbell Incorporated (US)
- Cree, Inc. (US),
- Eaton Corporation (Ireland)
- Acuity Brands (US)
- Zumtobel Group (Austria)
- SYSKA LED (India)
- Neptun Light Inc. (US)
- Maven Systems Pvt. Ltd. (India)
- Lumca Inc. (Canada)
- Sunna Design (France)
- Mobile Pro Systems (US)
- Goldspar Australia Pty Ltd. (Australia)
- Virtual Extension Ltd. (Israel)
This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Smart Pole Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
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