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Smart Pole Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Signify Holding NV, Silver Spring Networks Inc., Telensa Holdings Limited, Wipro Limited, Zumtobel Group AG

Smart Pole  Market Size

Smart Pole Market Size

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2730

The Business Research Company offers in-depth market insights through Smart Pole Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The smart pole market size has grown rapidly in recent years. It will grow from $10.3 billion in 2023 to $11.98 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to energy efficiency, government initiatives, safety and security concerns, smart city initiatives, community engagement.

The smart pole market size is expected to see rapid growth in the next few years. It will grow to $22.27 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed to renewable energy integration, electric vehicle (ev) charging, infrastructure modernization, demand for environmental monitoring, demand for public wi-fi.. Major trends in the forecast period include artificial intelligence (ai) in surveillance, lidar and 3d scanning, 5g-ready infrastructure, integration with edge computing, iot sensors..

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Market Segmentation:
The main hardware components of smart pole includes lighting lamps, pole bracket & pole body, communication device, controllers, and others. The lighting lamp refers to smart lighting systems used in both new installation and retrofit installation of smart pole. The lighting systems in smart pole consists of a integrated system, which connects communication and information technology between multiple carriers through use of real-time systems, sensors, and data. They are installed through new installation or retrofit installation. They are used in highways and roadways, public places, railways & harbours.

Major Driver - Proliferation Of Smart Roads Worldwide Drives Growth In The Smart Pole Market
The growing number of smart roads across the globe is expected to propel the growth of the smart pole market. Smart roads refer to actual roads equipped with a smart streetlight, smart traffic lights, and other smart technologies, which provide safe and secured transportation. These roads utilize advanced communication networks, IoT sensor networks, big data, and MI/AL technologies, to gather information from traffic lights, parking meters, air quality and others. These data are further used to provide efficient traffic movement, reduce congestion, and offer secured and safe passage to people. For instance, according to the study published in Tomorrow City, an interdisciplinary research hub, in Europe, more than EUR 421 million in the development of 69 mobility projects. Therefore, an increase in the number of smart roads is expected to boost the smart pole market during the forecast period.

Competitive Landscape:
Major companies operating in the smart pole market include Signify Holding NV, Silver Spring Networks Inc., Telensa Holdings Limited, Wipro Limited, Zumtobel Group AG, Cree Inc., Eaton Corporation PLC, Echelon Corporation, General Electric Company, Siemens AG, Iram Technologies Private Limited, Efftronics Systems Private Limited, Shanghai Sansi Electronic Engineering Co. Ltd., Lumca Inc., SmartCiti Solutions Inc., Valmont Structures Private Limited, Keselec Lighting Private Limited, LEDbow Technologies Ltd., Norsk Hydro ASA, Energasia Smart Poles Sdn. Bhd., Streetscape International, American Tower Corporation, HUB Group Inc., ELKO EP sro, ENE.HUB Pty Ltd., Philips Lighting Holding B.V., General Electric Lighting Limited, Hubbell Incorporated, Schréder SA, Siklu Communication Ltd.

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Top Trend - Rising Trend Of IOT Integration In Smart Poles Enhances Functionality And Versatility
Increasing integration of IoT enabled devices in smart pole is an emerging trend gain popularity in the smart pole market. IoT enabled devices refers to hardware such as sensors, actuators, gadgets, and appliances, that are programmed for certain applications and transmit data over the internet to other networks. The majority of the companies operating in the smart pole are integrating multiple IoT-enabled devices to increase usability and increase the capabilities of pole to carry out a wide range of activities. For instance, Signify N.V., a Netherlands-based manufacturer and distributor of electric lights and lighting fixtures launched the BrightSites smart pole, integrated with a wide range of IoT applications, connectivity, cameras, and environmental sensors.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart Pole Market Characteristics
3. Smart Pole Market Trends And Strategies
4. Smart Pole Market - Macro Economic Scenario
5. Smart Pole Market Size And Growth
…..
27. Smart Pole Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

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