Smart Pole Market Worth 16.65 Billion USD by 2023 - Seite 2

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North America to hold the largest market size in 2016, and APAC to witness the highest CAGR during the forecast period 

North America held the largest size of the smart pole market in 2016, and the market in APAC is expected to grow at the highest CAGR between 2017 and 2023. The early adoption of smart pole systems in the US where a huge number of projects are being undertaken either for retrofitting smart poles or for new installations is the main driving factor for the largest size of the smart pole market in North America. The market in APAC is expected to grow at the highest rate because of the increasing government initiatives in countries such as China, India, Japan, and Australia to expedite the replacement of traditional pole systems with smart pole systems to reduce the load of energy consumption by street lights by 40%.

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The major players in the ecosystem of smart pole market are Philips Lighting Holding B.V. (Netherlands), General Electric company (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), and Virtual Extension Ltd. (Israel).

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