Global Smart Pole Market, By Product (Lighting Lamp, Pole Bracket and Pole Body, Communication Device, Controller, Others), Offering (Component, Software, Services), Installation (New Installation, Retrofit Installation) Application (Highways and Roadways, Public Places, Railways and Harbors) – Industry Trends and Forecast to 2029
Market Analysis and Size
In recent years, smart pole has shown a considerable increase in demand across the globe and is predicted to continue to do so over the forecast period. Increased expenditures in smart city projects that complement the aesthetic of the city to solve transportation, communication, safety, and energy management with intelligent solutions have aided the market's growth. To advance the smart city programme, Tokyo Metropolitan Government stated in May 2020 that it would install 5G smart poles using NEC's smart street lighting technology. As a result, the increased smart city projects further increase demand for the smart pole, which is projected to aid the market growth.
Global Smart pole Market was valued at USD 15693.20 million in 2021 and is expected to reach USD 64392.47 million by 2029, registering a CAGR of 19.30% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.
Market Definition
A smart pole is a fully integrated lighting system that connects information and communication technologies across multiple parties, including municipalities, police enforcement, commercial businesses, transportation grids, hospitals, schools, and libraries, using real-time systems, data, and sensors. The smart pole enables intelligent city management, people flow detection, emergency rescue, car exhaust detection, intelligent schools and hospitals, and bus monitoring.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product (Lighting Lamp, Pole Bracket and Pole Body, Communication Device, Controller, Others), Offering (Component, Software, Services), Installation (New Installation, Retrofit Installation) Application (Highways and Roadways, Public Places, Railways and Harbors)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Signify Holding (Netherlands), Siemens (Germany), General Electric (U.S.), Hubbell (U.S.), Cree, LED (U.S.), Eaton (Ireland), ACUITY BRANDS LIGHTING, INC. (U.S.), Zumtobel Group (Austria), SYSKA (India), Neptun Light Inc. (U.S.), Maven Systems Pvt. Ltd. (India), Neptun Light Inc. (U.S.), Echelon LLC (U.S.), Wipro Limited (India), Lumca (Canada), Sunna Design SA (France), Mobile Pro Systems (U.S.), Goldspar (Australia) and Virtual Extension (Israel)
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Market Opportunities
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Smart pole Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand of Smart pole
The capacity to contain software controls, electronics and sensors that can help in sending and receiving data from the pole position to the operator location is a crucial factor driving smart pole demand around the world. Furthermore, smart poles contribute significantly to the energy-saving parameter as well as increased customer satisfaction, which have largely accelerated the market growth.
- Surging Environmental Concerns
According to the World Health Organization (WHO), each year, seven million people die as a result of illnesses related by poor air quality and pollution. Smart poles are critical in the fight against urban air pollution because they can track a range of environmental data such as fine particulate matter concentrations, temperature, and humidity to provide a complete picture of an area's overall air quality. Residents can also use smart poles to collect environmental data in order to decrease their exposure to air pollution, and city planners can use the information to help them make decisions that will improve urban air quality. This factor will therefore lead to increased market demand over the forecasted period.
- High Usage For Traffic Management
Moreover, as the use of personal and public transportation increases, city traffic becomes increasingly congested, putting pressure on local governments and corporations to improve traffic management. In addition, one of the specific reasons for the low quality of life in cities is traffic congestion. As a result, smart poles are gaining popularity in cities as a means of reducing traffic congestion and preventing accidents, as they may provide traffic management with the following features: traffic monitoring, traffic guiding, car monitoring and parking guidance. This further bolsters the demand for smart poles. Moreover, the smart poles' ability to reduce accidents and traffic jams, as well as the growing demand for energy-efficient streetlights, are all driving market growth.
Furthermore, the increase in disposable income along with the increase in the purchasing power among the consumers which further increases the demand for the market. The integration of air quality monitoring systems, security cameras, traffic management systems, wireless sensor networks, and transportation management systems in smart poles has also increased the market growth.
Opportunities
- Government Initiatives and Usage of Technologies
The expanding government initiatives for the creation of smart cities are estimated to generate lucrative opportunities for the market, which will further expand the smart pole market's growth rate in the future. Additionally, the expanding use of artificial Intelligence (AI) and internet of things (IoT) to improve the effectiveness of the system will also offer numerous growth opportunities within the market.
Restraints/Challenges
- High Cost of Technological Integration
One of the barriers to market expansion is the high cost of technological integration. Installing smart poles is significantly more expensive than installing regular street lights. As a result, countries struggling with low economic conditions are still lagging behind in adopting advanced technologies such as smart poles.
- Lack of Standardization
Also, the smart pole market deals with the lack of standardization of communication protocols which restricts the market growth. This factor is projected to pose as a challenge for the smart pole market over the forecast period.
This smart pole market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the smart pole market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Smart Pole Market
The smart pole market was immensely impacted by the outbreak of COVID-19. There was emergence of various challenges such as halt of various operations, stifling business growth, suspended activities among others, which largely affected the demand and supply, which brought several short-term and long-term consequences in the industry. The pandemic has resulted in a construction activity ban, as well as a scarcity of laborers and construction workers, according to the National Highways Authority of India (NHAI) and the National Highways and Infrastructure Development Corp. Ltd (NHIDCL). These factors have largely hampered the market growth.
However, the situation is improving owing to decline in COVID cases worldwide and the market is picking up speed and will expand throughout the projection period. Therefore, the market is estimated to grow at a substantial pace post COVID-19.
Recent Developments
- In June 2020, The New York Power Authority and Signify have created a cooperation (NYPA). The two organisations will fund Smart Street Lighting NY as a result of their collaboration. Signify would offer linked lighting systems that would assist residents in New York's villages and cities in ways that go beyond pure illumination. With the combined vision of these two organisations, towns may improve light quality, save money on energy, and improve citizen safety and well-being by implementing cutting-edge technologies.
- In June 2020, EarthSense, manufacturer of ultra-compact, autonomous, teachable robots for crop breeders, scientists, and producers, has partnered with Siemens Mobility. The Zephyr air quality measurement system would be available for traffic management applications as a result of this agreement. End-to-end air quality can be checked and monitored in real-time by fully integrating the Zephyr air quality sensor with the traffic light controller and traffic management system. This will allow authorities to use Siemens Mobility's Stratos traffic management system to conduct useful and time-limited interventions, deploying methods based on verifiable pollution data and current air quality levels.
Global Smart Pole Market Scope
The smart pole market is segmented on the basis of product, offering, installation and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Lighting Lamp
- Pole Bracket and Pole Body
- Communication Device
- Controller
- Others
Offering
- Component
- Software
- Services
Installation
- New Installation
- Retrofit Installation
Application
- Highways and Roadways
- Public Places
- Railways and Harbors
Smart pole Market Regional Analysis/Insights
The smart pole market is analyzed and market size insights and trends are provided by country, product, offering, installation and application as referenced above.
The countries covered in the smart pole market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the smart pole market because of the early adoption of smart cities, ongoing upgrades to existing utility infrastructure, and significant expenditures in cutting-edge technologies within the region during the forecast period of 2022 to 2029.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the high government initiatives in various economies such as China, India, Japan, and Australia, toward smart city technology within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart pole Market Share Analysis
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.
Some of the major players operating in the smart pole market are
- Signify Holding (Netherlands)
- Siemens (Germany)
- General Electric (U.S.)
- Hubbell (U.S.)
- Cree, LED (U.S.)
- Eaton (Ireland)
- ACUITY BRANDS LIGHTING, INC. (U.S.)
- Zumtobel Group (Austria), SYSKA (India)
- Neptun Light Inc. (U.S.)
- Maven Systems Pvt. Ltd. (India)
- Neptun Light Inc. (U.S.)
- Echelon LLC (U.S.)
- Wipro Limited (India)
- Lumca (Canada)
- Sunna Design SA (France)
- Mobile Pro Systems (U.S.)
- Goldspar (Australia)
- Virtual Extension (Israel)
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