The smart pole market is expected to be valued at USD 16.65 Billion by 2023, growing at a CAGR of 19.99% between 2017 and 2023.
The growth of this market is mainly driven by factors such as the need for energy-efficient pole lighting systems, increasing government initiatives for smart cities, and advantage in preventing traffic jams and accidents. The smart pole system has various advantages over conventional street lights such as reduced maintenance costs, real-time reports and controllability, less environmental impact, and expendable infrastructure and scalability.
The smart pole could be seen as a revolution in the street pole industry and would create ample opportunities for the players operating in the field of smart devices, street light systems, internet connectivity, and communication devices in the coming years. However, the higher upfront cost of smart poles compared to traditional poles is a restraint for the smart pole market.
Smart poles could provide various benefits such as internet connectivity, announcement speakers, and charging points to help tourists visiting the public places. It would help in reducing the infrastructure and installation cost for separate devices. Also, the use of solar-powered smart poles would enable the installation of smart poles in remote public places, such as architectural sites, without the extra cost of extending power supply to that location.
- Acuity Brands, Inc.
- Cree, Inc.
- Eaton Corporation Plc
- General Electric Company
- Goldspar Australia Private Limited
- Hubbell Incorporated
- Lumca Inc.
- Maven Systems Pvt. Ltd.
- Mobile Pro Systems
- Neptun Light, Inc.
- Philips Lighting Holding B.V.
- Shanghai Sansi Technology Co., Ltd.
- Sunna Design
- Syska Led Lights Private Limited
- Virtual Extension Ltd.
- Zumtobel Group Ag
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Pole Market, By Offering
8 Smart Pole Market, By Installation Type
9 Smart Pole Market, By Application
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
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