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 R&D initiatives and design talents. This is surging demand for smart poles and hence, driving market revenue growth at an exponential rate throughout the forecast period, but established businesses will face fierce competition from startups.

The global Smart Poles business vertical has been extensively categorized on the basis of product type, application gamut, end-user industries, and a competitive overview. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further estimates the prospective growth of the leading regional segments of the market, which is beneficial for readers to gain impactful insights into the Smart Poles business sector. A clear outline of the competitive landscape of the market is expected to help businesses involved in this sector decipher the optimal business moves to reach their desired business goals.

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Key companies operating in the Smart Poles 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

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Smart Poles market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

• Critical understanding of the key market segments
• Comprehensive analysis of the drivers, restraints, trends, and opportunities
• Comprehensive analysis of the competitive scenario and its changing dynamics
• Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
• In-depth 8-year analysis of the Global Smart Poles Market
• Detailed regional analysis and extensive company profiling
• Extensive assessment of current and emerging trends of the market

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Smart Poles Market Segmentation:

• Pole Type Outlook (Revenue, USD Billion; 2019-2030)

  • Dual Arm
  • Single Arm
  • Round

• Component Type Outlook (Revenue, USD Billion; 2019-2030)

  • Hardware
    1. Lighting Lamp
       1. Light-Emitting Diode (LED) Lamp
       2. Fluorescent Lamp
       3. High-Intensity Discharge (HID) Lamp
    2. Pole Bracket and Pole Body
    3. Communication Device
    4. Ballast
    5. Lamp Controller
    6. Others
  • Software
  • Services
    1. Installation
    2. Maintenance

• Installation Type Outlook (Revenue, USD Billion; 2019-2030)

  • New Installation
  • Retrofit

Smart Poles Market Segmentation by Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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