The global smart poles market size was USD 7.52 billion in 2021 and is expected to register a revenue CAGR of 20.7% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by rising demand for established robust infrastructure for proper traffic management and surge in adoption of connected devices and latest technologies for a variety of tasks. Smart poles are being widely used in important locations such as public spaces, roadways, highways, harbors, and railways and by governments of many cities to offer Wi-Fi connectivity to their residents. In addition, smart poles are ensuring a positive future development with a wide range of applications and growing public awareness. Businesses are optimistic about rising investments in the Architectural, Engineering, and Construction (AEC) sector. To acquire a competitive edge in local, regional, and worldwide markets, all businesses should engage in RD initiatives and design talents.
The Smart Poles market drivers and restraints Market intelligence report further offers hard to find data derived from attractiveness analysis that narrates a lot about the products, regions and applications expected to generate more revenue. The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Smart Poles market drivers and restraints industry.
Furthermore, governments in various regions have created rules to efficiently use and control electricity consumption. A few regulations made mandatory by various authorities include European 2020 energy objectives to reach net-zero energy consumption in public and private buildings as well as China's five-year plan for energy potency goals. Such laws encourage rising use of intelligent lighting controls over the forecast period. In addition, there is a growing understanding among end users about efficiency of intelligent lighting controls in controlling electricity usage in addition to costs. Intelligent lighting controls allow for efficient use of energy and minimized electricity waste. Moreover, one of the key elements increasing use of intelligent lighting controls globally is rise in consciousness. This helps manufacturers to implement technological advancements in materials that support market revenue growth during the forecast period. However, poor infrastructure in some developing and underdeveloped countries is expected to hinder market revenue growth during the forecast period.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/1325
Some Key Highlights in the Report
- On 01 December 2020, Siklu announced an initiative with Schréder to launch the first-ever “Wireless Smart Pole” SHUFFLE. This new wireless Smart Pole features all the latest equipment for Smart City services and Gigabit wireless connectivity provided by Siklu MultiHaul line of radios, all built-in into a sleek streetlight unit.
- The hardware segment accounted for largest revenue share in 2021. This can be attributed to large utilities and governmental institutions emphasizing on development of a sustainable environment by deploying LED lighting to reduce carbon footprints and power consumption by conventional lighting solutions. This is owing to high rate of adoption of LED lighting across developed and developing countries. Utilizing LED lighting improves energy efficiency and reduces harmful emissions. The concept of public streetlights is expected to change in a digital way with implementation of smart poles. Furthermore, manufacturers of streetlights have been driven by government incentives to incorporate advanced technology and multifunctional features. Since internet access is a key component of plans for smart cities, manufacturers in the market for smart poles are adding 4GLTE wireless technology.
- The retrofit segment accounted for a significant revenue share in 2021. This is attributed to smart city initiatives of many governments. Energy-saving lights are estimated to take place of current ones and existing light poles would be outfitted with digital signage, Wi-Fi hotspots, security cameras, and environmental monitoring systems. All of these factors are driving revenue growth of this segment.
- The highways and roadways segment accounted for largest revenue share in 2021. For busy streets and highways where visibility is crucial, smart roadway lighting is regarded as a necessary safety factor. According to research, adequate lighting can minimize nighttime collisions by approximately 30%, enhancing safety of drivers, passengers, and pedestrians. The need for better street and roadway illumination has grown as a result of growing complexity of transportation infrastructure. This is necessary to preserve cost-effectiveness, smooth flow of traffic, and public safety.
- The Asia Pacific market is expected to register fastest revenue CAGR during the forecast period. Surging demand for smart pole in the South-Asian countries, as well as Japan, is significantly contributing to revenue growth of the market revenue growth owing to increasing number of government initiatives in cities such as China, India, Japan, and Australia. In addition, rising demand for lighting solutions and improved supply chain concerns in many countries owing to ongoing coronavirus scenario is expected to fuel consistent expansion of the smart pole market.
- Key players in the market include Signify Holding (Koninklijke Philips N.V.), Acuity Brands Lighting, Inc., Eaton, Wolfspeed, Inc., Hubbell, Savant Technologies LLC. (GE Lighting), Lumca, Efftronics Systems Pvt. Ltd., iRam Technologies Pvt. Ltd., Siemens, and Wipro.
To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/smart-poles-market
Emergen Research has segmented the global smart poles market based on pole type, component type, installation type, end-use, and region:
- Pole Type Outlook (Revenue, USD Billion; 2019-2030)
- Dual Arm
- Single Arm
- Round
- Component Type Outlook (Revenue, USD Billion; 2019-2030)
- Hardware
- Lighting Lamp
- Light-Emitting Diode (LED) Lamp
- Fluorescent Lamp
- High-Intensity Discharge (HID) Lamp
- Pole Bracket and Pole Body
- Communication Device
- Ballast
- Lamp Controller
- Others
- Software
- Services
- Installation
- Maintenance
- Installation Type Outlook (Revenue, USD Billion; 2019-2030)
- New Installation
- Retrofit
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Highways and Roadways
- Public Streets
- Railways and Harbors
- Regional Outlook (Revenue, USD Billion; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of Middle East Africa
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
Latest Blog Articles Published by Emergen Research:
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
