Market Overview According to a new report published by Reports Monitor titled, “Smart Pole Market: Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 - 2025” the smart pole market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Penetration of smartphone technology and exponential graph of data consumption has pushed operators to set up more sites with smart poles replacing traditional street light poles. Smart pole are also called as intelligent light poles as they are equipped with Wi-Fi, Bluetooth, camera, scanner, charger point and various other communication device. Street light manufacturer are embracing over ingenious designs including multifunctional features and advanced technology. These designs are intended to execute foreseen project of government regarding smart city. Being smart poles they are furnished with solar-powered generation units which act as renewable and efficient source of energy.
The capacity of smart poles to integrate electronics, software tools and sensors assisting in gathering and transmitting data from the various locations to single point of access drives the growth of the market. Government in various countries undertaking projects such as smart city is boosting the growth of the smart pole market. In addition, smart pole performs various functions such as restricting overcrowding, determining whether condition, lowering number of road accidents, and monitoring roads & routes for traffic for management which propel the market growth at extreme pace. Besides, energy required for light generation is sufficed with solar power system that reduces load of energy consumption by street lights further stimulates the growth of the market. However, high initial spending for manufacturing and installation along with maintenance cost may hinder the growth of the market.
Growth of smart pole market in Asia-Pacific specifically in India is booming as government is implementing smart city plan vigorously at high speed. Factors uplifting the growth of the market in this region include administrative initiatives, need for reducing energy consumption, increased consumer base for smartphones and demand for high speed 3G & 4G LTE networks.
The global smart pole market is segmented on the basis of offering, installation type, application and region. Based on offering the market is categorized into component, software and services. Component segment is further separated into hardware parts of the pole including light lamps, pole body, the device for communication and others (Camera, Speakers, Sensors and electric vehicle charging points). Software segment comprises of software that is used to perform the multi-functioning of the smart poles in integration with the hardware components. Services section includes installation and maintenance services. By installation type the market is spilt into new installation and retrofit installation. In terms of application the market is divided into highways & roadways, Public places and railways & harbors.
Competitive landscape The important players in the global smart pole market includes: Hubbell Incorporated, Eaton Corporation PLC, General Electric Company, Philips Lighting Holding B.V., Cree, Inc., Syska LED Lights Private Limited, Acuity Brands, Inc., Mobile Pro Systems, Zumtobel Group AG and Virtual Extension Ltd.
Jakarta in Indonesia has undergone transformation just within seven months that involved around 90,000 street luminaries upgraded with energy efficient LED lights. It is connected to a Philips CityTouch lighting management system. Until now it is world’s fastest street lighting retrofit and remote management project undertaken which enables city officials to efficiently monitor the city’s lighting infrastructure and illuminating levels to suffice the requirement of each district.
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