Global Smart Pole Market Analysis Offered In New Latest Research Report with Forecast By 2027 | Philips Lighting Holding B.V., Eaton Corporation PLC, Syska LED Lights Private Limited, General Electric Company and More

Smart poles are also referred as intelligent light poles can perform their prime functioning of illumination along with advanced features such as intelligent lights, communication devices, cameras, weather monitoring systems, announcement speakers, signage, and optional EV charger. It uses a software to possess ability of regulating brightening and dimming depending on ambient light conditions and timings. Smart pole initiatives have successfully acquired a significant position in growing ‘Smart City’ projects across developing nations around the globe. Smart poles help to improve traffic and parking management through real-time data, leading to a decrease in emissions and congestion.

Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the business for future challenges in advance.

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The research offers a detailed segmentation of the Smart Pole Market Market. Key segments analyzed in the research include Application Type, Offering Type, Geography and more. Extensive analysis of sales, revenue, growth rate, and market share of each Application Type, Offering Type for the historic period and the forecast period is offered with the help of tables.

Smart poles are rapidly being adopted under ‘smart city’ initiative in developing nations. In addition, governments of developed countries are focused on improvising experience of people while they are in public places by offering web connectivity on streets. These initiatives by governments for smart solutions drives growth of the smart pole market. In addition, smart poles are equipped with smart sensors and video cameras helpful for decreasing overcrowding and traffic, which lets vehicle drivers to drive safely on roads. Rise in fondness for cab services amongst customers continues to raise demand for internet use for tracking directions. This advantage of reduction in traffic jams and accidents prevention also drives demand for smart pole solutions. However, higher investments in smart poles as compared to traditional poles hinder the market growth. On the other hand, use of IoT technologies in smart poles are expected to be opportunistic for the market.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

Major players analyzed include Philips Lighting Holding B.V., Eaton Corporation PLC, Syska LED Lights Private Limited, General Electric Company, Hubbell Incorporated, Cree, Inc., Acuity Brands, Inc., Mobile Pro Systems, Streetscape International LLC, and SA Lumca, Inc.

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The report offers key drivers that propel the growth in the Smart Pole Market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

Impact of COVID-19 on Smart Poles Market:

Smart cities around the globe are leveraging their smart solutions in responding to emergency situations caused by the COVID-19 pandemic.

Drones, AI-based remote temperature sensing, digital twins, and real-time dashboards and data sharing are amongst the technologies that are emerging in new use cases by cities throughout the ongoing pandemic.

It is anticipated that adoption of smart cities as well as smart homes technologies may rapidly accelerate as a result of the pandemic.

Smart pole adoption is observing growth in the pandemic as it offers various intelligent solutions, which may help to restrict and monitor the spread of the disease.

Cities are adopting crowd prevention systems over smart pole to ensure safer public places. For instance, Larsen & Toubro (L&T) is helping 20 city administrations around India to offer smart technology solutions to help combat COVID-19 crisis. In Visakhapatnam, L&T have installed 50 public address systems (PAS) on smart poles for transmitting official messages regarding the lockdown, precautionary measures, and crowd restrictions.

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