Smart Pole Market Size Worth $39.72 Billion By 2030
Smart Pole Industry Overview The global smart pole market size is expected to reach USD 39.72 billion by 2030, registering a CAGR of 20.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. The major factor contributing to the growth is the increasing demand for upgrading existing lighting infrastructure with energy-efficient lights across cities under smart city projects. Moreover, the rising pollution levels have created a need for smart poles equipped with air quality sensors and cameras to monitor the air quality and traffic. Such factors bode well for the growth of the market. Smart Pole Market Segmentation Grand View Research has segmented the global smart pole market based on component, hardware, installation type, application, and region: Based on the Component Insights, the market is segmented into Hardware, Software, Service. The hardware segment held the leading revenue share of over 57.52% in 2021. Numerous smart poles inst...