North America Smart Pole Market Size & Outlook, 2023-2030
North America smart pole market, 2017-2030 (US$M)
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North America smart pole market highlights
- The North America smart pole market generated a revenue of USD 3,054.0 million in 2023.
- The market is expected to grow at a CAGR of 18.1% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,054.0 million |
| Market revenue in 2030 | USD 9,782.8 million |
| Growth rate | 18.1% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | Wolfspeed Inc, Eaton Corp PLC, Adesto Technologies, Portland General Electric Co, Siemens AG, Signify NV, Silver Spring Networks, Telensa, Wipro Ltd ADR, Zumtobel Group AG ADR |
Other key industry trends
- In terms of revenue, North America region accounted for 28.9% of the global smart pole market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,628.9 million by 2030.
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Smart Pole Market Scope
Smart Pole Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America smart pole market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart pole market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 56.73% in 2023. Horizon Databook has segmented the North America smart pole market based on hardware, software, service covering the revenue growth of each sub-segment from 2017 to 2030.
The North American region is characterized by the presence of developed economies such as the U.S. and Canada. The organizations operating in the region have showcased early and rapid adoption of innovative smart pole systems. Furthermore, the increasing number of private infrastructure companies in the region is expected to contribute to the growth of the regional market.
The continuing research & development activities in the region for the introduction of smart poles equipped with electric vehicle charging systems are contributing to the regional market growth. U.S. is one of the early adopters of smart pole systems owing to the advent of smart cities projects in the country.
It has been one of the leading countries in the world in terms of smart cities projects covering aspects related to parking, environmental monitoring, streetlights, auto traffic monitoring, and public safety. All these factors are expected to contribute to the growth of the country’s market over the forecast period.
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Our clientele includes a mix of smart pole market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America smart pole market , including forecasts for subscribers. This continent databook contains high-level insights into North America smart pole market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America smart pole market size, by country, 2017-2030 (US$M)
North America Smart Pole Market Outlook Share, 2023 & 2030 (US$M)
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