Smart Pole Market Latest Report 2024 | Industry Size Worth US$ 37.3 Billion by 2032

IMARC Group has recently released a new research study titled "Smart Pole Market Report by Component (Hardware, Software, Services), Hardware (Lighting Lamp, Pole Bracket & Pole Body, Communication Device, Controller, and Others), Installation Type (New Installation, Retrofit), Application (Highways and Roadways, Public Places, Railways and Harbors), and Region 2024-2032", The global smart pole market size reached US$ 10.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.3 Billion by 2032, exhibiting a growth rate (CAGR) of 15.4% during 2024-2032.

What is smart pole?

Smart poles refer to innovative infrastructural entities that integrate various functionalities, such as lighting, communication, surveillance, and environmental monitoring, into a single pole. It includes light-emitting diode (LED) lighting, Wi-Fi modules, surveillance cameras, charging points for electric vehicles, digital signage, and sensors for environmental monitoring. Smart poles are constructed from durable materials, such as steel and aluminum. They are utilized in a wide range of applications, including public lighting, traffic monitoring, security surveillance, environmental data collection, digital advertising, emergency services, electric vehicle charging, and hotspots for wireless internet.

Smart poles aid in enhancing public safety, improving urban connectivity, optimizing energy consumption, facilitating data collection, reducing operational costs, and contributing to aesthetic urban design. In addition, they are known for their multifunctionality, ease of integration into smart city networks, scalability, and role in supporting sustainable urban development.

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Smart Pole Market Trends, Demand and Growth Drivers:

The growing demand for smart poles, owing to the increasing global investment in smart city infrastructure, is propelling the market growth. Additionally, the rising demand for energy-efficient and sustainable infrastructure is facilitating the adoption of smart poles integrated with LED and renewable energy technologies. Besides this, recent advancements in the Internet of Things (IoT) technology, coupled with the growing network of connected devices, which provides a foundation for the integration of smart poles into the wider urban ecosystem, are boosting the market growth.

Furthermore, the introduction of government initiatives to implement intelligent transportation systems, which require smart poles for traffic and crowd monitoring, is catalyzing the market growth. In addition, the heightened security concerns, prompting municipalities to deploy smart poles with integrated surveillance capabilities, are contributing to the market growth.

Apart from this, the rapid proliferation of electric vehicles (EVs), creating a demand for more EV charging points, is supporting the market growth. Moreover, the escalating partnership between product manufacturers and telecom companies to expand fifth-generation (5G) networks is driving the market growth.

Competitive Landscape with Key Players:                                                                                                                

The competitive landscape of the smart pole market has been studied in the report with the detailed profiles of the key players operating in the market.

Smart Pole Manufacturers: 

• Bivocom, Elko Ep
• Hapco Pole Products, Kesslec
• KYOCERA Mirai Envision Co. Ltd (KYOCERA Communication Co. Ltd)
• Lumca Inc
• NomoSolar
• Norsk Hydro ASA
• Omniflow
• Shanghai Sansi Electronic Engineering Co. Ltd
• Signify Holding
• Sunna Design
• Wipro Lighting (Wipro Limited)

Smart Pole Market Segmentation:

The report has segmented the smart pole market on the basis of component, hardware, installation type, application and region.

Breakup by Component:

• Hardware
• Software
• Services

Breakup by Hardware:

• Lighting Lamp
• Pole Bracket & Pole Body
• Communication Device
• Controller
• Others

Breakup by Installation Type:

• New Installation
• Retrofit

Breakup by Application:

• Highways and Roadways
• Public Places
• Railways and Harbors

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
• Global Smart Pole Market

Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=3838&flag=C

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
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City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

About Us                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.