Published on : Nov 17, 2017
Albany, New York, November 17, 2017: The smart pole has successfully acquired the key position in the growing ‘Smart City’ project in emerging countries. As internet connectivity comprises an important part of the smart city plan, manufacturers of street poles are increasingly integrating the 4G LTE wireless technology. Besides, government initiatives regarding implementation of the smart city has led the street light manufacturers to integrate enhanced technology and multifunctional feature, which is now contributing towards the market growth for smart poles, finds a new study broadcasted to the wide repository of Market Research Hub (MRH), with the title of “Smart Pole Market - Global Industry, Size, Share, Growth, Trends and Forecast 2017 - 2022”. This 170-pages research study projects that the global smart pole market is expected to represent a value of over US$ 10,000 Mn by the end of 2022. Also, the market is estimated to surge at a striking CAGR of 13.1% during the forecast period, 2017 to 2022.
In the first part, the research begins with an executive summary which helps the reader in understanding the key highlights of the report. For a clear understanding, important regions across the globe are covered along with the latest trends, developments, drivers, restraints and challenges impacting the growth of the market across various geographies. Regions covered in the study are Latin America, Japan, Europe, North America, APEJ and MEA.
In the present time, installation of the smart poles is likely to digitally transform the definition of the public street lights. These smart poles can perform their prime functioning of light spreading along with the other advanced functioning such as Wi-Fi, Bluetooth, Charger points, and other many more functions. Equipped with sensors and smart video cameras, the smart poles help in reducing the traffic and congestion, which allows the drivers to drive conveniently and safely on the streets. Looking to these features, analysts find that smart poles demand will continue to increase. It is mainly due to the growing need to monitor the traffic, accidents and weather, adoption of sensors in the smart pole.
Moving further in the study, the research broadly categorizes global market for smart poles on the basis of component, installation type and application. On the basis of component, the market covers lighting lamp, communication devices, lamp controller, sensors and software. Among these, the sensors segment is expected to represent the highest growth in terms of revenue. Growing need for traffic management, tracking weather conditions and on-road accidents has led to an upsurge in demand for sensors in the global market.
In terms of geography, North America is expected to represent lucrative growth opportunities. In this subsequent section, the research also explains market dynamics by applications, some of the prime application include highways & roads, railways, harbors and public places. By installation type, the retrofit segment is expected to record a significant growth in terms of revenue, finds study.
Moving further, the study includes the profiles of key players in the market and the strategies adopted by them to sustain in the competition. The profiling of key players is presented along with details such as business positioning, financial standing, and SWOTs. Leading market players in the global market of smart pole include Telensa Limited, Streetscape International LLC, Philips Lighting Holding B.V, Acuity Brands Lighting, Inc., Neptun Light, Inc., Lumca, Inc., Maven Systems Pvt. Ltd, Ericsson Inc, Shanghai Sansi technology Co., LTD and Sunna Design, SA.
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