Smart Pole Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Increasing need to reduce energy consumption and public safety from improved lighting techniques are the to grow smart pole market.
Smart Pole Market is valued at USD 4.99 Billion in 2018 and expected to reach USD 16.19 Billion by 2025 with the CAGR of 18.32% over the forecast period.
Smart pole is intelligent light poles that assist to solve multiple urban issues due to their ability to incorporate software controls, electronics and sensors can able to transfer data to the end user. Implementation of smart poles help to improvise the quality life of city individual as well as it provides Wi fi connectivity at a particular time period have accessible to registered users is one of the major benefits of smart poles. Additionally, with the use of intelligent smart poles city provide numerous capabilities and functionality by optimizing the energy. In fact, this system will help to enhance the overall performance with lighting solutions between multiple parties that include municipalities, private organizations, law enforcement, transportation grids and many other areas.
Global Smart Pole Market report is segmented on the basis component, installation, application and region & country level. Based upon component, smart pole market is classified into lighting lamp, communication devices, lamp controller, sensors and software market. On the basis of installation, market is classified into new installation and retrofit installations. Furthermore, based upon application, market is classified into highways and roads, railways, harbors and public places.
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The regions covered in Global Smart Pole Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Smart Pole market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Smart Pole Market Reports–
Some major key players for Smart Pole Market are Streetscape International LLC, Sunna Design, SA Lumca, Inc., Telensa Limited, Acuity Brands Lighting, Inc., and Maven Systems Pvt. Ltd and others.
Increasing Concern about Energy Saving and Security Improvement in Public Places are Expected to Drive the Growth of Global Smart Pole Market.
Global Smart Pole Market has witnesses a lucrative growth in the recent years especially in emerging economies owing to the government initiatives by introducing new ways in order to decrease energy usage and reduce costs. For example, in India Bhopal city has launched public private partnership (PPP) based smart poles and introduced intelligent street lights project under the smart cities mission. In addition, smart pole have enhanced features such as; Wi-Fi connectivity, energy saving, surveillance cameras for safety and parking violation detection, environmental sensors to monitor air quality, temperature and humidity which are also anticipated to foster the market growth. Recently, development of smart cities is a also a key parameter to boost the smart pole market owing to people’s large dependency on internet connectivity and wide acceptance of internet of things solutions. Installing smart poles can generate around 10 to 20% savings than conventional lighting poles. However, smart pole requires higher initial investment as compared to other street lights which can acts as a barrier in the growth of the market. Smart utility poles bring newest opportunities as this type of poles will combine some excellent properties in the coming few years.
North America is Expected to Dominate the Smart Pole Market.
The Smart Pole Market is segmented into North America, Europe, Asia-Pacific and Rest of the World (ROW). North America holds the largest share of global smart pole market. Many organizations have undertaken to introduced a smart pole with more than 44 million street lights in the United states are deployed and that of 15% of have been converted to LED’s. For example, in San Jose and Los Angeles (USA) and in Barcelona (Spain) used smart lighting solutions to provide broadband connectivity. Asia pacific is fastest growing region, there is massive implementation of energy efficient street lighting takes place in various countries such as India, China, Australia due to its wide applications such as eco-friendly and the safest way to save energy.
Key Benefits for Smart Pole Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Smart Pole Market Segmentation:–
- Lighting Lamp
- Communication Devices
- Lamp Controller
- Software Market
- New installation
- Retrofit installations
- Highways and Roads
- Public Place
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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