Overview and Scope
The smart pole refers to a pole with a completely integrated lighting system, sensors, wireless connectivity (Wi-Fi or cellular technology), and other functions in one cohesive unit. Smart Poles uses real-time systems, data, and sensors to connect information and communication technologies amongst many parties, including municipalities, commercial businesses, transportation grids, hospitals, schools, and others.
Sizing and Forecast
The smart pole market size has grown rapidly in recent years. It will grow from $10.3 billion in 2024 to $11.98 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to energy efficiency, government initiatives, safety and security concerns, smart city initiatives, community engagement.
The smart pole market size is expected to see rapid growth in the next few years. It will grow to $22.27 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed to renewable energy integration, electric vehicle (ev) charging, infrastructure modernization, demand for environmental monitoring, demand for public wi-fi.. Major trends in the forecast period include artificial intelligence (ai) in surveillance, lidar and 3d scanning, 5g-ready infrastructure, integration with edge computing, iot sensors..
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Segmentation & Regional Insights
The smart pole market covered in this report is segmented –
1) By Hardware: Lighting Lamp, Pole Bracket & Pole Body, Communication Device, Controller, Other Hardwares
2) By Installation Type: New Installation, Retrofit Installation
3) By Application: Highways & Roadways, Public Places, Railways & Harbors
Top 5 Major Players:
North America was the largest region in the smart pole market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart pole market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing number of smart roads across the globe is expected to propel the growth of the smart pole market. Smart roads refer to actual roads equipped with a smart streetlight, smart traffic lights, and other smart technologies, which provide safe and secured transportation. These roads utilize advanced communication networks, IoT sensor networks, big data, and MI/AL technologies, to gather information from traffic lights, parking meters, air quality and others. These data are further used to provide efficient traffic movement, reduce congestion, and offer secured and safe passage to people. For instance, according to the study published in Tomorrow City, an interdisciplinary research hub, in Europe, more than EUR 421 million in the development of 69 mobility projects. Therefore, an increase in the number of smart roads is expected to boost the smart pole market during the forecast period.
Key Industry Players
Major companies operating in the smart pole market include Signify Holding NV, Silver Spring Networks Inc., Telensa Holdings Limited, Wipro Limited, Zumtobel Group AG, Cree Inc., Eaton Corporation PLC, Echelon Corporation, General Electric Company, Siemens AG, Iram Technologies Private Limited, Efftronics Systems Private Limited, Shanghai Sansi Electronic Engineering Co. Ltd., Lumca Inc., SmartCiti Solutions Inc., Valmont Structures Private Limited, Keselec Lighting Private Limited, LEDbow Technologies Ltd., Norsk Hydro ASA, Energasia Smart Poles Sdn. Bhd., Streetscape International, American Tower Corporation, HUB Group Inc., ELKO EP sro, ENE.HUB Pty Ltd., Philips Lighting Holding B.V., General Electric Lighting Limited, Hubbell Incorporated, Schréder SA, Siklu Communication Ltd.
The smart pole market report table of contents includes:
1. Executive Summary
2. Smart Pole Market Characteristics
3. Smart Pole Market Trends And Strategies
4. Smart Pole Market – Macro Economic Scenario
5. Global Smart Pole Market Size and Growth
…..
31. Global Smart Pole Market Competitive Benchmarking
32. Global Smart Pole Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Smart Pole Market
34. Smart Pole Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Smart Pole Market, Segmentation By Hardware, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Smart Pole Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Smart Pole Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 74: Signify Holding NV Financial Performance
Table 75: Silver Spring Networks Inc. Financial Performance
Table 76: Telensa Holdings Limited Financial Performance
Table 77: Wipro Limited Financial Performance
Table 78: Zumtobel Group AG Financial Performance
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