Product Code: GVR-3-68038-920-3
Smart Pole Market Growth & Trends:
The global smart pole market size is expected to reach USD 39.72 billion by 2030, registering a CAGR of 20.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. The major factor contributing to the growth is the increasing demand for upgrading existing lighting infrastructure with energy-efficient lights across cities under smart city projects. Moreover, the rising pollution levels have created a need for smart poles equipped with air quality sensors and cameras to monitor the air quality and traffic. Such factors bode well for the growth of the market.
The rapid adoption of electric vehicles across the globe is expected to lead to the growing trend of integrating electric vehicle charging stations with smart poles in the forthcoming years. Numerous countries are focusing on developing their EV ecosystem and electric mobility. European countries are among the frontrunners when it comes to building EV ecosystems and adopting electric mobility. As per the European Automobile Manufacturers Association (ACEA) study, the Netherlands, Germany, and France collectively account for nearly 70% of the region's EV charging stations. In 2020, electric vehicle sales in Europe grew by 89%, which is expected to accelerate the adoption of smart poles equipped with electric vehicle charging stations.
The growing adoption of IoT and cloud computing has enabled the addition of features such as secure communication, remote monitoring, and easy programmability. The extensive use of IoT technology in smart poles is anticipated to create new growth avenues for market players. Additionally, governments across the globe are entering into partnerships with private companies to upgrade their existing lighting networks with LED lights. Such factors are expected to contribute to the growth of the market for smart poles over the forecast period.
The outbreak of the COVID-19 pandemic has adversely affected the growth of the market due to supply chain disruptions. Several infrastructure projects have faced slowdown due to restrictions imposed to prevent the spread of the virus. However, companies are taking several initiatives to maintain the safety of citizens. For instance, ALUMAST S.A., a Polish manufacturer, developed an Anti-Covid Smart Pole that offers two functions-street lighting and touchless disinfection of hands through the built-in hand sanitizer and dispenser.
Smart Pole Market Report Highlights:
- The hardware segment dominated the market in 2021. The rising demand for security cameras and air-quality sensors for traffic management and air-quality monitoring is expected to drive the growth of the segment over the forecast period
- The controller segment dominated the market in 2021 and is expected to witness promising growth over the forecast period, attributed to the growing need for upgrading existing lighting infrastructures. Various government initiatives for replacing conventional lights with LED lights under the smart development projects are expected to drive the growth of the segment
- The retrofit installation segment dominated the market in 2021. The provision of Wi-Fi connectivity and installation of digital signage on existing poles as part of smart city development is expected to drive the growth of the segment over the forecast period
- The public places segment dominated the market in 2021. The growing preference for smart poles with cameras in public parks and beaches to determine and prevent overcrowding of people is expected to drive the growth of the segment over the forecast period
- The increasing adoption of smart poles in emerging economies such as China and India is expected to create growth opportunities for the smart pole market in the Asia Pacific region over the forecast period
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Smart Pole Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
- 2.2 Smart Pole Market, 2017 - 2030
- 2.2.1 Smart pole market, by region, 2017 - 2030
- 2.2.2 Smart pole market, by component, 2017 - 2030
- 2.2.3 Smart pole market, by hardware, 2017 - 2030
- 2.2.4 Smart pole market, by installation type, 2017 - 2030
- 2.2.5 Smart pole market, by application, 2017 - 2030
Chapter 3 Smart Pole Industry Outlook
- 3.1 Market Segmentation and Scope
- 3.2 Market Size and Growth Prospects
- 3.3 Smart Pole Market - Value Chain Analysis
- 3.4 Smart Pole Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.1.1 Need for energy-efficient pole lighting systems
- 3.4.1.2 Increasing government initiatives for smart cities
- 3.4.2. Market challenge analysis
- 3.4.2.1 Higher upfront cost compared to traditional poles
- 3.4.3. Market opportunity analysis
- 3.4.3.1 Use of IoT technology in smart poles
- 3.5 Penetration and Growth Prospect Mapping
- 3.6 Smart Pole Market - Porter's Five Forces Analysis
- 3.7 Smart Pole Market - PESTEL Analysis
- 3.8 Smart Pole Market - Funding Model
Chapter 4 Smart Pole Component Outlook
- 4.1 Smart Pole Market Share By Component, 2021
- 4.2 Hardware
- 4.2.1 Smart pole hardware market, 2017 - 2030
- 4.3 Software
- 4.3.1 Smart pole software market, 2017 - 2030
- 4.4 Service
- 4.4.1 Smart pole service market, 2017 - 2030
Chapter 5 Smart Pole Hardware Outlook
- 5.1 Smart Pole Market Share By Hardware, 2021
- 5.2 Lighting Lamp
- 5.2.1 Lighting lamp in smart pole market, 2017 - 2030
- 5.3 Pole Bracket & Pole Body
- 5.3.1 Pole bracket & pole body in smart pole market, 2017 - 2030
- 5.4 Communication Device
- 5.4.1 Communication device in smart pole market, 2017 - 2030
- 5.5 Controller
- 5.5.1 Controller in smart pole market, 2017 - 2030
- 5.6 Others
- 5.6.1 Other hardware in smart pole market, 2017 - 2030
Chapter 6 Smart Pole Installation Type Outlook
- 6.1 Smart Pole Market Share By Installation Type, 2021
- 6.2 New Installation
- 6.2.1 New installation smart pole market, 2017 - 2030
- 6.3 Retrofit Installation
- 6.3.1 Retrofit installation smart pole market, 2017 - 2030
Chapter 7 Smart Pole Application Outlook
- 7.1 Smart Pole Market Share By Application, 2021
- 7.2 Highways & Roadways
- 7.2.1 Smart pole market in highways & roadways application, 2017 - 2030
- 7.3 Public Places
- 7.3.1 Smart pole market in public places application, 2017 - 2030
- 7.4 Railways & Harbours
- 7.4.1 Smart pole market in railways & harbors application, 2017 - 2030
Chapter 8 Smart Pole Regional Outlook
- 8.1 Smart Pole Market Share by Region, 2021
- 8.2 North America
- 8.2.1 North America smart pole market, 2017 - 2030
- 8.2.2 North America smart pole market, by component, 2017 - 2030
- 8.2.3 North America smart pole market, by hardware, 2017 - 2030
- 8.2.4 North America smart pole market, by installation type, 2017 - 2030
- 8.2.5 North America smart pole market, by application, 2017 - 2030
- 8.2.6 U.S.
- 8.2.6.1 U.S. smart pole market, 2017 - 2030
- 8.2.6.2 U.S. smart pole market, by component, 2017 - 2030
- 8.2.6.3 U.S. smart pole market, by hardware, 2017 - 2030
- 8.2.6.4 U.S. smart pole market, by installation type, 2017 - 2030
- 8.2.6.5 U.S. smart pole market, by application, 2017 - 2030
- 8.2.7 Canada
- 8.2.7.1 Canada smart pole market, 2017 - 2030
- 8.2.7.2 Canada smart pole market, by component, 2017 - 2030
- 8.2.7.3 Canada smart pole market, by hardware, 2017 - 2030
- 8.2.7.4 Canada smart pole market, by installation type, 2017 - 2030
- 8.2.7.5 Canada smart pole market, by application, 2017 - 2030
- 8.3 Europe
- 8.3.1 Europe smart pole market, 2017 - 2030
- 8.3.2 Europe smart pole market, by component, 2017 - 2030
- 8.3.3 Europe smart pole market, by hardware, 2017 - 2030
- 8.3.4 Europe smart pole market, by installation type, 2017 - 2030
- 8.3.5 Europe smart pole market, by application, 2017 - 2030
- 8.3.6 U.K.
- 8.3.6.1 U.K. smart pole market, 2017 - 2030
- 8.3.6.2 U.K. smart pole market, by component, 2017 - 2030
- 8.3.6.3 U.K. smart pole market, by hardware, 2017 - 2030
- 8.3.6.4 U.K. smart pole market, by installation type, 2017 - 2030
- 8.3.6.5 U.K. smart pole market, by application, 2017 - 2030
- 8.3.7 Germany
- 8.3.7.1 Germany smart pole market, 2017 - 2030
- 8.3.7.2 Germany smart pole market, by component, 2017 - 2030
- 8.3.7.3 Germany smart pole market, by hardware, 2017 - 2030
- 8.3.7.4 Germany smart pole market, by installation type, 2017 - 2030
- 8.3.7.5 Germany smart pole market, by application, 2017 - 2030
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific smart pole market, 2017 - 2030
- 8.4.2 Asia Pacific smart pole market, by component, 2017 - 2030
- 8.4.3 Asia Pacific smart pole market, by hardware, 2017 - 2030
- 8.4.4 Asia Pacific smart pole market, by installation type, 2017 - 2030
- 8.4.5 Asia Pacific smart pole market, by application, 2017 - 2030
- 8.4.6 China
- 8.4.6.1 China smart pole market, 2017 - 2030
- 8.4.6.2 China smart pole market, by component, 2017 - 2030
- 8.4.6.3 China smart pole market, by hardware, 2017 - 2030
- 8.4.6.4 China smart pole market, by installation type, 2017 - 2030
- 8.4.6.5 China smart pole market, by application, 2017 - 2030
- 8.4.7 India
- 8.4.7.1 India smart pole market, 2017 - 2030
- 8.4.7.2 India smart pole market, by component, 2017 - 2030
- 8.4.7.3 India smart pole market, by hardware, 2017 - 2030
- 8.4.7.4 India smart pole market, by installation type, 2017 - 2030
- 8.4.7.5. India smart pole market, by application, 2017 - 2030
- 8.4.8 Japan
- 8.4.8.1 Japan smart pole market, 2017 - 2030
- 8.4.8.2 Japan smart pole market, by component, 2017 - 2030
- 8.4.8.3 Japan smart pole market, by hardware, 2017 - 2030
- 8.4.8.4 Japan smart pole market, by installation type, 2017 - 2030
- 8.4.8.5 Japan smart pole market, by application, 2017 - 2030
- 8.5 Latin America
- 8.5.1 Latin America smart pole market, 2017 - 2030
- 8.5.2 Latin America smart pole market, by component, 2017 - 2030
- 8.5.3 Latin America smart pole market, by hardware, 2017 - 2030
- 8.5.4 Latin America smart pole market, by installation type, 2017 - 2030
- 8.5.5 Latin America smart pole market, by application, 2017 - 2030
- 8.5.6 Brazil
- 8.5.6.1 Brazil smart pole market, 2017 - 2030
- 8.5.6.2 Brazil smart pole market, by component, 2017 - 2030
- 8.5.6.3 Brazil smart pole market, by hardware, 2017 - 2030
- 8.5.6.4 Brazil smart pole market, by installation type, 2017 - 2030
- 8.5.6.5 Brazil smart pole market, by application, 2017 - 2030
- 8.5.7 Mexico
- 8.5.7.1 Mexico smart pole market, 2017 - 2030
- 8.5.7.2 Mexico smart pole market, by component, 2017 - 2030
- 8.5.7.3 Mexico smart pole market, by hardware, 2017 - 2030
- 8.5.7.4 Mexico smart pole market, by installation type, 2017 - 2030
- 8.5.7.5 Mexico smart pole market, by application, 2017 - 2030
- 8.6 MEA
- 8.6.1 MEA smart pole market, 2017 - 2030
- 8.6.2 MEA smart pole market, by component, 2017 - 2030
- 8.6.3 MEA smart pole market, by hardware, 2017 - 2030
- 8.6.4 MEA smart pole market, by installation type, 2017 - 2030
- 8.6.5 MEA smart pole market, by application, 2017 - 2030
Chapter 9 Competitive Analysis
- 9.1 Recent Developments and Impact Analysis, by Key Market Participants
- 9.2 Company Market Share Analysis, 2021
- 9.3 Competitive Dashboard Analysis
- 9.4 Company Market Positioning Analysis
- 9.5 List of Key Emerging Companies/Technology Disruptors/Innovators
- 9.6 Company Geographical Presence
Chapter 10 Competitive Landscape
- 10.1 Cree, Inc.
- 10.1.1 Company overview
- 10.1.2 Financial performance
- 10.1.3 Product benchmarking
- 10.1.4 Strategic initiatives
- 10.2 Eaton
- 10.2.1 Company overview
- 10.2.2 Financial performance
- 10.2.3 Product benchmarking
- 10.3 Echelon
- 10.3.1 Company overview
- 10.3.2 Financial performance
- 10.3.3 Product benchmarking
- 10.3.4 Strategic initiatives
- 10.4 General Electric
- 10.4.1 Company overview
- 10.4.2 Financial performance
- 10.4.3 Product benchmarking
- 10.4.4 Strategic initiatives
- 10.5 Siemens
- 10.5.1 Company overview
- 10.5.2 Financial performance
- 10.5.3 Product benchmarking
- 10.5.1 Strategic initiatives
- 10.6 Signify Holding
- 10.6.1 Company overview
- 10.6.2 Financial performance
- 10.6.3 Product benchmarking
- 10.6.4 Strategic initiatives
- 10.7 Silver Spring Networks, Inc.
- 10.7.1 Company overview
- 10.7.2 Financial performance
- 10.7.3 Product benchmarking
- 10.7.4 Strategic initiatives
- 10.8 Telensa
- 10.8.1 Company overview
- 10.8.2 Financial performance
- 10.8.3 Product benchmarking
- 10.8.4 Strategic initiatives
- 10.9 Wipro Limited
- 10.9.1 Company overview
- 10.9.1 Financial performance
- 10.9.2 Product benchmarking
- 10.9.3 Strategic initiatives
- 10.10 Zumtobel Group
- 10.10.1 Company overview
- 10.10.1 Financial performance
- 10.10.2 Product benchmarking