Smart Pole Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Mar 2021 | No. of Pages : 250 Pages | Category : ICT

The global Smart Pole market size is expected to be worth around US$ 36.55 billion by 2030, according to a new report by Vision Research Reports.

The global Smart Pole market size was valued at US$ 6.45 billion in 2020 and is anticipated to grow at a CAGR of 19.10% during forecast period 2021 to 2030.

Growth Factors

Continued urbanization and the subsequent need to manage assets and infrastructure efficiently are driving the demand for smart poles. The rollout of projects in different parts of the world also bodes well for the growth of the market. According to a study conducted by the Consumer Technology Association, smart city spending across the globe reached USD 34.35 billion in 2020.

Several government bodies worldwide are pursuing initiatives to provide Wi-Fi connectivity in public areas and are deploying smart poles for the purpose. For instance, in February 2018, smart poles offering Wi-Fi connectivity were installed in Kalaburagi, India as part of the efforts to provide free Wi-Fi connectivity for citizens at selected places. Similarly, in February 2020, smart poles featuring the latest technology were installed in London, the U.K. in Hampton as part of the government’s digital transformation project to provide Wi-Fi connectivity to citizens.

Smart poles are also being installed for monitoring air quality in the wake of the deteriorating ambient air quality in urban areas in different parts of the world. Several people across the world are suffering from various disorders stemming from the deteriorating quality of the ambient air. Smart poles can potentially play a decisive role in addressing the air quality issues in urban areas by monitoring environmental parameters, such as humidity, temperature, and concentration of fine air particles, and help in assessing the quality of ambient air. The data provided by the smart poles can help the citizens in limiting their exposure to air pollution and the authorities in improving the quality of the ambient air quality.

The outbreak of the COVID-19 pandemic is anticipated to adversely affect the growth of the market. Construction and infrastructure development projects are confronting a slowdown owing to the lockdowns imposed in different parts of the world as part of the efforts to arrest the spread of the disease. For instance, during the COVID 19 situation, the U.K. government had announced the shutdown of construction sites with more than 50 workers. The shutdown of construction sites thereby leads to a decrease in the demand for smart poles requirements.

Report Highlights

The hardware segment dominated the market in 2020 and accounted for a share of more than 57.0% of the global revenue. Nowadays, smart poles are embedded with air quality sensors to help in monitoring the ambient air quality in cities. Various air quality sensor providers are aggressively developing sensors for smart poles. For instance, in January 2020, Signify, an electrical and electronics manufacturer, presented its BrightSites Smart Poles at the Smart City Expo World Congress convened in Barcelona, Spain. BrightSites Smart Poles feature technology developed by Kunak Technologies, a wireless sensor network provider, for monitoring air quality and noise quality in smart cities.

The solution segment is anticipated to register the fastest growth over the forecast period. The demand for smart poles is rising owing to the benefits, such as a reduction in maintenance cost and energy consumption, they can potentially offer. The segment is expected to grow over the forecast period in line with the growing number of installed smart poles globally. According to a study conducted by the Northeast Group, worldwide total smart pole installation is expected to increase from around 317 million in 2020 to 363 million by 2027.

The controller segment dominated the market in 2020 and accounted for a share of more than 29.0% of the global revenue. Conventional controllers are configured in smart poles to operate in a preprogrammed manner. The controller switches on/off the light according to the user-defined settings. These controllers are implemented in a simple control circuit that works on a processor consisting of one or more associated circuits, programmed microprocessors, or sensor inputs. The controllers are implemented inside the smart poles and are used to operate streetlights in various modes according to the time, environment, and traffic factors.

The lighting lamp segment is expected to register the fastest growth over the forecast period. Smart lamp poles can perform the basic lighting functions while reducing the public expenditure required to provide Wi-Fi or 5G connectivity, intelligent lighting, security monitoring, and electric car charging, among other facilities. Smart LED light poles are being installed in several cities across the world. For instance, in February 2019, San Diego, a city in the U.S. state of California, with partners, such as GE, worked on deploying intelligent sensor nodes on street light poles. The technology from Current, powered by GE and Intel is deployed in 2,000 smart nodes.  

The retrofit installation segment dominated the market in 2020 and accounted for a share of more than 59.0% of the global revenue. The growth of the segment can be attributed to the smart city initiatives being pursued by various governments to install digital signage, Wi-Fi hot spots, security cameras, and environment monitoring systems on existing light poles. Meanwhile, the existing street poles are being replaced with enhanced LED lamps working on solar power. For instance, in June 2020, Signify, a smart lighting company, proposed a replacement of approximately 500,000 streetlights in New York, U.S. with new LED technology by 2028.

The new installation segment is expected to register the fastest growth over the forecast period. The growth of the segment can be attributed to the continued installation of smart poles across various countries worldwide. For instance, in May 2020, Sumitomo Corporation, an investment management company, announced an agreement with the Tokyo Metropolitan Government for trial installation and verification of the smart poles being installed by the government. The agreement envisaged Sumitomo Corporation together with NEC Corporation, an information technology company, installing smart poles of two types in Tokyo’s Nishi-Shinjuku area by the end of June 2020.

The public places segment dominated the market in 2020 and accounted for a share of more than 39.0% of the global revenue. Several cities across various regions, including North America, Europe, Asia Pacific, and Middle East and Africa, are increasingly deploying connected streetlights. According to a study conducted by IoT Analytics GmbH, in 2018, 500,000 connected streetlights in the U.S. state of Miami and 280,000 connected streetlights in Paris, France. The growing government initiatives to reduce the cost of technologies, reduced carbon dioxide emission, among others, are some of the major factors driving the segment growth.

The highways and roadways segment is anticipated to register the highest growth over the forecast period. The growing number of smart roads being developed across the globe is expected to emerge as one of the major factors driving the growth of the segment. In countries such as India, transport authorities are installing SmartLife poles on hairpin bends and sharp turns to avoid accidents on blind turns. These poles use electromagnetic waves and radar sensors to determine the speed of vehicles and alert the drivers about the cars coming from the opposite direction.

North America dominated the smart pole market in 2020 and accounted for a share of over 30.0% of the global revenue. The aggressive deployment of connected streetlights in the region is expected to create growth opportunities for the market over the forecast period. According to the statistics provided by the IoT Analytics GmbH, installations of connected streetlights in North America are expected to reach 14.4 million by 2023. The shipments of connected streetlights hardware, including LED lighting, controllers, and gateways, among others, are also expected to surpass 9 million units by 2023. The initiative being pursued by the U.S. government to deploy 18 million connected streetlights by 2028 is expected to drive the growth of the regional market.

Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The continued increasing deployment of smart poles in countries, such as China and India, is expected to contribute to the growth of the regional market. Governments of various Asian nations are increasingly investing in smart city projects in current days. For instance, China invested USD 77.40 billion in the National Smart City Program to deploy big data, IoT, cloud computing, and other smart systems. The continued rollout of smart city projects bodes well for the growth of the regional market.

Key Players

  • Acuity Brands

  • Cree, Inc.

  • Eaton

  • Ericson

  • GENERAL ELECTRIC COMPANY

  • Siemens

  • Signify

  • Telensa Limited

  • Wipro

  • Zumtobel Group

Market Segmentation

  • Component Outlook

    • Hardware

    • Software

    • Service

  • Hardware Outlook

    • Lighting Lamp

    • Pole Bracket & Pole Body

    • Communication Device

    • Controller

    • Others

  • Installation Type Outlook

    • New Installation

    • Retrofit Installation

  • Application Outlook 

    • Highways & Roadways

    • Public Places

    • Railways & Harbors

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

The Smart Pole market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Smart Pole market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Smart Pole market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smart Pole market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Smart Pole market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Smart Pole capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Smart Pole by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Smart Pole market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Smart Pole market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Smart Pole market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Smart Pole industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Smart Pole market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Smart Pole market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Smart Pole market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Smart Pole market. These factors have benefited the growth of the global market for Smart Pole. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Smart Pole. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Smart Pole are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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