Smart Pole Market 2021 Analysis by Recent Developments- Iram Technologies Pvt. Ltd., Signify Holding BV, Efftronics Systems Pvt. Ltd

The report presents an in-depth assessment of the Smart Pole Market including enabling technologies, key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Smart Pole investments from 2021 till 2026.

The smart pole market is expected to register a CAGR of 18% during the forecast period of 2020-2025.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Smart Pole Market: Iram Technologies Pvt. Ltd., Signify Holding BV, Efftronics Systems Pvt. Ltd, Shanghai Sansi Electronic Engineering Co. Ltd, Lumca Inc., SmartCiti Solutions Inc., Mobile Pro Systems, Valmont Structures Pvt. Ltd, Keselec Lighting Private Limited, Norsk Hydro ASA

Key Developments:

- June 2019 - Signify launched new smart pole with IoT apps, connectivity where the new BrightSites smart pole accommodates a wide variety of IoT applications, connectivity, cameras, and environmental sensors, as well as controllable high-quality energy-efficient, LED lighting. Signify added that the new BrightSites IoT poles build on earlier smart pole technology pioneered by Signify and Ericsson that provides LED lighting and 4G LTE wireless connectivity from small-cell base stations housed within the pole.

Market Overview:

One potential emerging point for smart city implementation is light street poles. Connected city infrastructure projects, fueled by the Internet of Things (IoT), have seemingly limitless applications with both short- and long-term benefits. A lighting company Signify recently announced the launch of its BrightSites smart pole technology, which utilizes the omnipresence of a city's existing street light infrastructure for delivering major wireless connections, such as 5G, 4G LTE, Wi-Fi, LoRa, and also Sigfox. Through smart poles wireless networking capabilities, BrightSites smart pole can support a wide range of IoT applications while also offering controllable, energy-efficient LED lighting.
Adoption of smart poles for reducing traffic jams and preventing accidents is driving the market. Traffic congestion is one of the specific cited reasons for the poor quality of life in cities. According to the Ministry of Road Transport & Highways, Government of India (GOI), approximately 35 to 40% of total accidents take place at traffic junctions. For resolving such a challenge, smart cities look to Mobility-as-a-Service (MaaS) (integration of different forms of transport into a single service, which can be accessed on-demand) solutions to reduce the number of vehicles on the road. Smart poles embedded with cameras can observe road conditions. With constant smart pole traffic monitoring, municipalities having valuable data can help improve traffic flows, guide maintenance decisions, and facilitate emergency crew deployment. Further street traffic can also be monetized for private commercial development and other city planning applications through tracking data.

Regional Analysis:

For comprehensive understanding of market dynamics, the global Smart Pole Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key Market Trends
LED Lighting to Witness Significant Market Growth
- Many street lighting applications used high-pressure sodium (HPS) pole lights generally recognizable by the yellow light. Some of the most tangible drawbacks to HPS lights are that they have flickering failure characteristics and impede color vision at night. Both of these scenarios can have negative impacts on drivers, so the switch to LED lights is not just based on efficiency, reduced maintenance, and higher-quality lighting, but also safety, as well in the smart pole. This factor provides a benefit in the high LED penetration rate.
- The lifetime of LED bulbs is four to forty times longer than conventional bulbs, which provides maintenance savings. Even simple maintenance changes usually require the use of a bucket truck or hydraulic lift. Even if SmartPoles will descend, it does not require a bucket truck. The reduced maintenance required based on lifespan alone makes LED pole lights a good solution for every municipality.
- Further, LED penetration at a global level is still below 15%, with significant differences among countries, such as Japan and Canada showed higher LED penetration rates. Even within the same countries, LED penetration is quite different, as some big cities have already reached 100 percent (such as Milan and New York). This states the rate of development of infrastructure and further signifies the rate of growth of the smart poles market.
- The influence of intelligent streetlights is spreading in various countries. In India, the Smart Cities Mission (SCM) has been at the center of the governments urban rejuvenation agenda. In August 2019, Bhopal launched first of its kind public, private partnership (PPP) based smart poles and intelligent street lights project in India under the Smart Cities Mission. Further, It is planned for 400 poles to be installed in the city to cover the entire city area and in parallel to this 20000 LED street lights to be installed, which will replace the conventional street lighting, such as sodium lamps and mercury lamps.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Smart Pole Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Smart Pole Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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