Smart Pole Market Projected To Reach USD 39.72 Billion By 2030
San Francisco, 25 May 2022: The Report Smart Pole Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Service), By Hardware, By Installation Type, By Application, By Region, And Segment Forecasts, 2022 - 2030 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. The rapid adoption of electric vehicles across the globe is expected to lead to the growing trend of integrating electric vehicle charging stations with smart poles in the for