Press release
Smart Pole Market Anticipated To Witness Robust Growth, Surpassing $26.6 Billion By 2029
The Smart Pole Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current Smart Pole Market Size and Its Estimated Growth Rate?
The intelligent pole market has been expanding swiftly over the last few years. It is projected to increase from a size of $11.73 billion in 2024 to $13.5 billion in 2025, with a compound annual growth rate (CAGR) of 15.1%. The upward trend during the historical period is due to factors such as energy efficiency, government efforts, safety and security issues, smart city projects, and community involvement.
The market size for smart poles is projected to witness substantial growth in the upcoming years, escalating to $26.6 billion by 2029 with an annual compound growth rate (CAGR) of 18.5%. The surge during this forecast period is due to factors like incorporation of renewable energy, electric vehicle (ev) charging, modernizing infrastructure, the need for environmental monitoring, and public wi-fi demand. The period is also expected to see prominent trends like the use of artificial intelligence (ai) in surveillance, lidar and 3D scanning, ready for 5g infrastructure, amalgamation with edge computing, and the use of IoT sensors.
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How Are Emerging Segments Shaping the Smart Pole Market Landscape?
The smart pole market covered in this report is segmented -
1) By Hardware: Lighting Lamp, Pole Bracket & Pole Body, Communication Device, Controller, Other Hardware
2) By Installation Type: New Installation, Retrofit Installation
3) By Application: Highways & Roadways, Public Places, Railways & Harbors
Subsegments:
1) By Lighting Lamp: LED Street Lights, Smart Street Light Fixtures, Solar-Powered Lighting
2) By Pole Bracket & Pole Body: Mounting Brackets, Pole Structures, Decorative Pole Designs
3) By Communication Device: Wireless Communication Modules, IoT Sensors, Cameras and Surveillance Systems
4) By Controller: Smart Lighting Controllers, Environmental Monitoring Controllers, Energy Management Systems
5) By Other Hardware: Charging Stations for Electric Vehicles, Environmental Sensors, Display Screens or Digital Signage
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Which Growth Factors Are Influencing Smart Pole Market Expansion?
The anticipated increase in the construction of smart roads worldwide is predicted to fuel the expansion of the smart pole market. Smart roads are essentially roads that are fitted with smart streetlights, smart traffic lights, and other cutting-edge technologies, thereby ensuring safe and secure travel. These roads make use of high-tech communication networks, IoT sensor networks, big data, and MI/AL technologies to collect information from various sources like traffic lights, parking meters, air quality, etc. This amassed data is then leveraged to facilitate smooth traffic flow, alleviate congestion, and guarantee secure passage for commuters. For example, according to a research study conducted by Tomorrow City, an interdisciplinary research hub in Europe, over EUR 421 million has been invested in 69 mobility projects. Consequently, the rise in smart roads construction is expected to contribute significantly to the smart pole market in the forthcoming period.
Who Are the Dominant Players Across Different Smart Pole Market Segments?
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.
What Are the Latest Developing Trends in the Smart Pole Market?
The rise in the fusion of IoT-powered gadgets in smart poles is a developing trend gaining traction in the smart pole sector. IoT-powered tools encompass devices such as sensors, actuators, gadgets, and appliances, which are designed for certain tasks and deliver data over the internet to various networks. Most firms in the smart pole field are incorporating numerous IoT-powered devices to enhance usability and expand the functionality of the pole to perform a multitude of tasks. For example, Signify N.V., a firm based in the Netherlands that manufactures and distributes electric lights and lighting fixtures, debuted the BrightSites smart pole, outfitted with numerous IoT applications, connectivity, cameras, and environmental sensors.
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Which Geographic Regions Are Expected to Dominate the Smart Pole Market in the Coming Years?
North America was the largest region in the smart pole market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart pole market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Pole Market?
2. What is the CAGR expected in the Smart Pole Market?
3. What Are the Key Innovations Transforming the Smart Pole Industry?
4. Which Region Is Leading the Smart Pole Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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