Smart Pole Market by Product Type (Communication Devices, Lighting Lamp, Sensors & Software, Lamp Controller), by Application (Railways, Highways & Roads, Public Places, Harbors, Others) - Overall In-depth Analysis, Global Market Share, Top Trends, Professional & Technical Industry Insights 2024 - 2030

Electronics & Semiconductor Syndicate Market Research Pages: 126 Report ID: 15523

Smart Pole Market 2024

The worldwide smart pole market demand was registered at 8200 (USD Million) and is predicted to reach 36800 (USD Million) at a CAGR of 18.4% by 2030.

Smart Pole Overview:

A smart pole, also known as an intelligent or connected pole, refers to a technological infrastructure element that combines traditional street lighting with various advanced features and capabilities. These poles are designed to provide multiple services and utilities to enhance urban environments and improve the quality of life in cities.

Smart poles typically incorporate energy-efficient LED lighting systems. These lights can be controlled remotely, allowing for dimming or brightening based on specific needs. Smart poles can house various sensors to monitor environmental factors such as air quality, temperature, humidity, and noise levels. Smart poles often serve as connectivity hubs by integrating wireless communication technologies such as Wi-Fi, 4G/5G cellular connectivity, and Bluetooth. These capabilities enable wireless internet access for public use, support for IoT (Internet of Things) devices, and enhanced network coverage in urban areas.

Smart poles may incorporate cameras and surveillance systems for public safety and security purposes. These cameras can help monitor traffic, detect suspicious activities, or provide video footage for investigation in case of incidents. Some smart poles are equipped with electric vehicle (EV) charging stations, promoting the adoption of clean transportation and facilitating EV infrastructure development. Smart poles can include emergency call boxes or buttons, enabling citizens to quickly seek help in case of emergencies. Smart poles may feature interactive displays or digital signage to provide information to the public, such as maps, transportation schedules, weather updates, or local news.

In some cases, smart poles are designed to incorporate renewable energy sources like solar panels or small wind turbines to generate electricity and reduce reliance on the power grid.

Key Industry Insights

This report is a broad review that includes a detailed overview of the smart pole industry. The report explains product type of smart pole and application in different verticals of the market with regard to various countries and key regions. The analysis has listed and evaluated all the key players in the global smart pole market and compared them on the basis of different metrics such as annual sales shipments volume, historical growth rates, market revenue, and marketing strategies. On the basis of all these findings, the global smart pole industry study report proposes strategic plans to improve market positions for existing market participants.

In addition, the study also recommends business penetration plans for potential entrants to the business. Furthermore, the smart pole industry study report has listed the main manufacturers and distributors operating in all the major regions. It is expected that this research and data will enable industry players to improve their networks of market penetration and broaden their geographical scope.

Smart Pole Market Strategic Analysis

The main objective of strategic market analysis is to help organizations of all sizes make business decisions specifically related to strategy and help them decide which areas they need to improve and which are already performing well.

To be able to do any type of accurate strategic analysis, a business must consider different methods. Various analytical methods such as Porter’s Five Forces Analysis, SWOT Analysis, PESTLE Analysis, Player Positioning Analysis, Market Share Analysis, and Value Chain Analysis have been used to analyze the market in the smart pole research report.

These assessments assist users of the report to analyze the smart pole market on the basis of different metrics, such as switching costs, economies of scale, current sales networks, brand loyalty, capital investments, production rights and patents, regulatory legislation, promotional effects, and customer preferences. This characterized data is anticipated to help the industry stakeholders in the decision-making process.

Smart Pole Market Key Trends Analysis

The key factors influencing the growth of the smart pole market have been examined in the report study. Driving factors that have a positive influence on demand for smart pole and restraining factors that impede the development of the smart pole market are addressed in depth, along with their effects on the smart pole global market.

Further, in the report, the trends which influence the market and affect the growth of the market are described and discussed in detail. Moreover, other qualitative considerations are included in the report, such as operating risks and major obstacles encountered by players in the marketplace.

Smart Pole Market Key Segment Analysis

The report study delivers a critical assessment on the smart pole by segmenting the total addressable market based on product type, application, and region. All the segments & categories of the smart pole market have been evaluated based on present and future trends. The data for the market and its segments & categories are provided from 2018 to 2030. The report has identified the crucial segments & categories offering the most to the total addressable market growth in terms of revenue as well as the factors advancing their development.

Based on Product Type, the global smart pole market is divided into communication devices, lighting lamp, sensors & software, and lamp controller. Detailed quantitative and qualitative analysis of product type segment will be given in the report for 2024 to 2030. Based on installation type, the global market is divided as retrofit installation and new installation

Based on Application, the market is further segmented into railways, highways & roads, public places, and harbors, Others. Numerous potential factors and opportunities influencing the various segments are analyzed and incorporated in the study report.

Smart Pole Market Regional Trends Analysis

On the basis of region, the market is categorized into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The major corporations holding leading market shares in the global smart pole market are evaluated after considering their product & services revenue, market sales & shares, business plans, recent innovations, and growth rates.

The report has analyzed both developed & developing regions considered for research of the global smart pole market. The Regional Analysis section gives a comprehensive review of the industry from various countries and regions to help players plan effective expansion strategies.

                                                                        Smart Pole Market Size by Region

                                                             Get more information about this report - Request Free Sample Copy

 

Smart Pole Market Player’s Analysis

In finalizing their position in the smart pole market player positioning, recent events for these firms, such as new solution/product releases, marketing projects, R&D, partnerships, mergers & acquisitions (M&A), regional expansions, and technical innovations, are considered. For all the key stakeholders of the smart pole market value chain and technology ecosystem, the information provided in the smart pole market research report is expected to be beneficial.

This report also provides valuable suggestions for established and new players around the world. Furthermore, the research report includes a precise analysis of business strategy for the growth of the key market players.

The report study offers an outline of the company market shares to provide a broader summary of the major players in the smart pole market. Some of the leading players profiled in the global smart pole market are Streetscape International LLC, Sunna Design, Eaton Corporation, General Electric Company, Acuity Brands, Hubbell Incorporated, SA Lumca, Inc., Telensa Limited, Acuity Brands Lighting, Inc., Maven Systems Pvt. Ltd, among others.

Scope of the report

                          Attribute

                                Details

 Base year for estimation

 2023

 Actual estimates/Historical data

 2018 - 2022

 Forecast period

 2024 - 2030

 

 Market representation

 

 Revenue in USD Million & CAGR from 2024 to   2030

 

 Regional scope

 

 North America, Europe, Asia Pacific, Central &   South America, and MEA

 Country scope

 U.S., Germany, U.K., Italy, China, Japan, Brazil

 

 Report coverage

 

 Revenue forecast, company share, competitive   landscape, growth factors and trends

 Free customization scope (equivalent to 5 analyst   working days)

 If you need specific information, which is not   currently within the scope of the report, we will     provide it to you as a part of customization

 

Significant Highlights of the Smart Pole Market Research Report:

  • The report considers all the recent major developments and helps users of the report with recent industry updates
  • The study report will help industry decision-makers to assist in the decision-making process
  • The study reports render a comprehensive aspect at the global smart pole industry
  • Key trends shaping the global smart pole market
  • Historical and forecast size of the smart pole market in terms of Revenue (USD Million)
  • Consumer preference trends and Current industry growth
  • It not only examines the global smart pole market but provides key actionable insights to its stakeholders
  • The study includes data on the changing market dynamics, current and future market trends, market statistics, and more.
  • An in-depth analysis of macroeconomic and microeconomic factors affecting the global smart pole market is included in the report
  • Suggestions for current players and novel market entrants working in the market space
  • Analysis of niche and potential segments (product type, application, and regions/countries) predicted to observed promising growth
  • Key player positioning analysis and Competitive Landscape of the global smart pole market
  • Key products and solution offerings by main players and business strategies adopted
  • Major challenges encountered by operating players in the industry
  • Analysis of major risks associated with the market operations

The Key Audiences for Smart Pole Market Report:

  • Consulting Firms & Research Institutes
  • Industry Leaders & Companies aims to enter the smart pole market
  • Universities and Student
  • Service Providers, Product Providers, Solution Providers, and other players in the smart pole market
  • Government Bodies and Associated Private Firms
  • Individuals interested to learn about smart pole market
  • The report segment of the global smart pole market as follows:

Global Smart Pole Market: By Product Type

 

Communication Devices

Lighting Lamp

Sensors & Software

Lamp Controller

 

Global Smart Pole Market: By Application

 

Railways

Highways & Roads

Public Places

Harbors

Others

 

Global Smart Pole Market: By Region

 

North America

U.S.

Canada

Rest of North America

Europe

UK

Germany

France

Italy

Spain

Rest of Europe

Asia Pacific

China 

Japan

India

Southeast Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East and Africa

GCC Countries

South Africa

Rest of Middle East & Africa


Frequently Asked Questions

These players adopted different strategies so as to hold major market share in this market. Some of the major players in [keyword] industry includes. [players list]

Based on the [keyword] market analysis, North America is predicted to held the highest share in the [keyword] market during the forecast period.

The statistical data of the top market players of [keyword] industry can be obtained from the company profile section specified in the report. This section incorporates analysis of top player’s operating in the [keyword] industry as well as their last five-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue produced.

The study offers a decisive view on the [keyword] by segmenting the market based on [segment1], [segment2], and region.

The report gives a nitty-gritty assessment of the market by featuring data on various viewpoints that incorporate drivers, restraints, opportunities, and threats. This data can assist stakeholders in making suitable decisions before investing.

The sample for [keyword] market report can be received on-demand from the website as and when required.Direct call services or 24*7 chat support are provided to procure the sample report.

1 Preface

                  1.Report Description and Scope
                   2. Research Scope
                   3. Research Methodology
                               1. Market Research Process
                                2. Market Research Methodology

2 Executive Summary

        1. Smart Pole Market, 2018-2030 (USD Million)
         2. Smart Pole Market: Snapshot
3 Smart Pole - Industry Analysis
         1. Smart Pole: Market Dynamics
          2. Market Drivers
                    1. Driver 1
                     2. .Driver 2
          3. Restraints
                     1. Restraint 1
                      2. Restraint 2
            4. Opportunity
                      1. Government funding and support
            5. Porter’s Five Forces Analysis
            6. Market Attractiveness Analysis
                      1. Market attractiveness analysis By Product Type
                       2. Market attractiveness analysis By Application
                       3. Market attractiveness analysis by Region
4. Smart Pole Market - Competitive Landscape
              1. Company market share analysis
                       1. Global Smart Pole Market: company market share, 2019
              2. Strategic development
                        1. Acquisitions & mergers
                         2. New Product launches
                         3. Agreements, partnerships, collaborations and joint ventures
                         4. Research and development and Regional expansion
                3. Price trend analysis
5. Global Smart Pole Market -Product Type Analysis
                1. Global Smart Pole Market overview: By Product Type
                         1. Global Smart Pole Market share, By Product Type,2023 and 2030
                2. 90 Degrees
                         1. Global Smart Pole Market by 90 Degrees, 2018-2030 (USD Million)
                3. 180 Degrees
                          1. Global Smart Pole Market by 180 Degrees, 2018-2030 (USD Million)
                4. Others
                          1. Global Smart Pole Market by Others, 2018-2030 (USD Million)
6. Global Smart Pole Market -Application Analysis
                1. Global Smart Pole Market overview: By Application
                          1.  Global Smart Pole Market share, By Application,2023 and 2030
                2. Architectural
                           1. Global Smart Pole Market by Architectural, 2018-2030 (USD Million)
                3 Traffic
                           1. Global Smart Pole Market by Traffic, 2018-2030 (USD Million)
                 4. Industry
                           1. Global Smart Pole Market by Industry, 2018-2030 (USD Million)
                  5. Others
                             1. Global Smart Pole Market by Others, 2018-2030 (USD Million)
7. Global Smart Pole Market - Regional Analysis
                  1. Global Smart Pole Market overview: by Region
                             1. Global Smart Pole Market share, by Region, 2023 and 2030
                   2. North America
                             1. North America Smart Pole Market, 2018-2030 (USD Million)
                              1. North America Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                              1. North America Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                              1. U.S. Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               2. U.S. Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               3. Canada Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               4. Canada Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               5. Mexico Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               6. Mexico Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                    3. Europe
                               1. Europe Smart Pole Market, 2018-2030 (USD Million)
                               1. Europe Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               1. Europe Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               1. UK Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               2. UK Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               3. Germany Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               4. Germany Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               5. France Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               6. France Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               7. Italy Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               8. Italy Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               9. Spain Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               10. Spain Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               11. Netherlands Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               12. Netherlands Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               13. Rest of Europe Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               14. Rest of Europe Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                    4. Asia Pacific
                               1. Asia Pacific Smart Pole Market, 2018-2030 (USD Million)
                               1. Asia Pacific Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               1.Asia Pacific Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               1. China Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               2. China Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               3. Japan Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               4. Japan Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               5. India Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               6. India Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               7. Australia Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               8. Australia Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               9. South East Asia Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               10. South East Asia Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               11.South Korea Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               12. South Korea Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                               13. Rest of Asia Pacific Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                               14. Rest of Asia Pacific Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                   5. Latin America
                                1. Latin America Smart Pole Market, 2018-2030 (USD Million)
                                1. Latin America Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                                1. Latin America Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                                2. Brazil Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                                3. Brazil Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                                4. Argentina Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                                5. Argentina Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                                6. Chile Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                                7. Chile Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                                8. Rest of Latin America Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                                9. Rest of Latin America Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                   6. Middle East & Africa
                                1. Middle East & Africa Smart Pole Market, 2018-2030 (USD Million)
                                2. Middle East & Africa Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                                3. Middle East & Africa Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                                4. GCC Countries Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                                5. GCC Countries Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                                6. Nigeria Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                                7. Nigeria Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                                8. South Africa Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                                9. South Africa Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
                                10. Rest of Middle East & Africa Smart Pole Market revenue, By Product Type, 2018-2030 (USD Million)
                                11. Rest of Middle East & Africa Smart Pole Market revenue, By Application, 2018-2030 (USD Million)
8. Company Profiles
                  1. Streetscape International LLC
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                  2. Sunna Design
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                  3.Eaton Corporation
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                   4. General Electric Company
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                    5. Acuity Brands
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                     6. Hubbell Incorporated
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                      7. SA Lumca, Inc
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                      8. Telensa Limited
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                       9. InVision Glass Design
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                       10. Acuity Brands Lighting, Inc.
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                       11. Maven Systems Pvt. Ltd                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments


List of Figures

Market research process
Market research methodology
Global Smart Pole Market, 2018-2030 (USD Million)
Porter’s Five Forces Analysis
Global Smart Pole Market attractiveness, By Product Type
Global Smart Pole Market attractiveness, By Application
Global Smart Pole market share, By Product Type, 2023 and 2030
Global Smart Pole Market by 90 Degrees, 2018-2030 (USD Million)
Global Smart Pole Market by 180 Degrees, 2018-2030 (USD Million)
Global Smart Pole Market by Others, 2018-2030 (USD Million)
Global Smart Pole market share, By Application, 2023 and 2030
Global Smart Pole Market by Architectural, 2018-2030 (USD Million)
Global Smart Pole Market by Traffic, 2018-2030 (USD Million)
Global Smart Pole Market by Industry, 2018-2030 (USD Million)
Global Smart Pole Market by Others, 2018-2030 (USD Million)
Global Smart Pole Market share, by Region, 2023 and 2030
North America Smart Pole Market, 2018-2030 (USD Million)
Europe Smart Pole Market, 2018-2030 (USD Million)
Asia Pacific Smart Pole Market, 2018-2030 (USD Million)
Latin America Smart Pole Market, 2018-2030 (USD Million)
Middle East & Africa Smart Pole Market, 2018-2030 (USD Million)


List of Tables

Global Smart Pole Market: snapshot
Drivers of the Smart Pole Market: impact analysis
Restraints of the Smart Pole Market: impact analysis
North America Smart Pole Market revenue, By Product Type,2018-2030 (USD Million)
North America Smart Pole Market revenue, By Application,2018-2030 (USD Million)
Europe Smart Pole Market revenue, By Product Type,2018-2030 (USD Million)
Europe Smart Pole Market revenue, By Application,2018-2030 (USD Million)
Asia Pacific Smart Pole Market revenue, By Product Type,2018-2030 (USD Million)
Asia Pacific Smart Pole Market revenue, By Application,2018-2030 (USD Million)
Latin America Smart Pole Market revenue, By Product Type,2018-2030 (USD Million)
Latin America Smart Pole Market revenue, By Application,2018-2030 (USD Million)
Middle East & Africa Smart Pole Market revenue, By Product Type,2018-2030 (USD Million)
Middle East & Africa Smart Pole Market revenue, By Application,2018-2030 (USD Million)

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An Overview on Research Methodology used at Syndicate Market Research:

1.1 Research Methodology

The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.

1.2 Secondary Research

The secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista

1.3 Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ clinical trial phase managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4 Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.

1.5 Research Limitations

Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.

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