San Francisco, 06 March 2024: The Report Smart Pole Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Service), By Hardware, By Installation Type, By Application, By Region, And Segment Forecasts, 2023 - 2030

The global smart pole market size is expected to reach USD 39.72 billion by 2030, registering a CAGR of 20.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The major factor contributing to the growth is the increasing demand for upgrading existing lighting infrastructure with energy-efficient lights across cities under smart city projects. Moreover, the rising pollution levels have created a need for smart poles equipped with air quality sensors and cameras to monitor the air quality and traffic. Such factors bode well for the growth of the market.

The rapid adoption of electric vehicles across the globe is expected to lead to the growing trend of integrating electric vehicle charging stations with smart poles in the forthcoming years. Numerous countries are focusing on developing their EV ecosystem and electric mobility. European countries are among the frontrunners when it comes to building EV ecosystems and adopting electric mobility. As per the European Automobile Manufacturers Association (ACEA) study, the Netherlands, Germany, and France collectively account for nearly 70% of the region’s EV charging stations. In 2020, electric vehicle sales in Europe grew by 89%, which is expected to accelerate the adoption of smart poles equipped with electric vehicle charging stations.

The growing adoption of IoT and cloud computing has enabled the addition of features such as secure communication, remote monitoring, and easy programmability. The extensive use of IoT technology in smart poles is anticipated to create new growth avenues for market players. Additionally, governments across the globe are entering into partnerships with private companies to upgrade their existing lighting networks with LED lights. Such factors are expected to contribute to the growth of the market for smart poles over the forecast period.

The outbreak of the COVID-19 pandemic has adversely affected the growth of the market due to supply chain disruptions. Several infrastructure projects have faced slowdown due to restrictions imposed to prevent the spread of the virus. However, companies are taking several initiatives to maintain the safety of citizens. For instance, ALUMAST S.A., a Polish manufacturer, developed an Anti-Covid Smart Pole that offers two functions-street lighting and touchless disinfection of hands through the built-in hand sanitizer and dispenser.

The market growth can be attributed to the ability of smart poles to prevent accidents and traffic jams, the growing need for energy-efficient streetlights, and rising government initiatives for the development of smart cities. Additionally, the integration of air quality monitoring systems, surveillance cameras, wireless sensor networks, traffic management systems, and transport management systems in smart poles have contributed to the demand. The growing adoption of AI and IoT for enhancing the performance of these systems is expected to further accelerate market growth.

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Governments of various countries are focused on developing their cities by providing smart poles with Wi-Fi access and charging points. For instance, in February 2021, the City of Hampton in Virginia announced the installation of technologically-advanced light poles under its digital transformation project. These poles use green technology such as solar power to provide energy for Wi-Fi access and charging ports. The smart poles are also equipped with security cameras to provide a live video feed to the police of nearby areas. Such initiatives bode well for the growth of the market.

Smart Pole Market Report Highlights

• The hardware segment dominated the market in 2022. The rising demand for security cameras and air-quality sensors for traffic management and air-quality monitoring is expected to drive the growth of the segment over the forecast period
• The controller segment dominated the market in 2022 and is expected to witness promising growth over the forecast period, attributed to the growing need for upgrading existing lighting infrastructures. Various government initiatives for replacing conventional lights with LED lights under the smart development projects are expected to drive the growth of the segment
• The retrofit installation segment dominated the market in 2022. The provision of Wi-Fi connectivity and installation of digital signage on existing poles as part of smart city development is expected to drive the growth of the segment over the forecast period
• The public places segment dominated the market in 2022. The growing preference for smart poles with cameras in public parks and beaches to determine and prevent overcrowding of people is expected to drive the growth of the segment over the forecast period
• The increasing adoption of smart poles in emerging economies such as China and India is expected to create growth opportunities for the smart pole market in the Asia Pacific region over the forecast period

Several governments are realizing the importance of upgrading public infrastructure by adopting the latest technologies and deploying innovative systems that can improve the quality of life for citizens. They are continually identifying new areas of improvement in technologies under smart city projects. Moreover, numerous companies around the world are focused on enhancing their product portfolios to support smart city initiatives. In July 2021, Signify Holding announced the acquisition of Telensa Holding Ltd., a company that provides control systems and wireless monitoring for smart cities. This acquisition enabled Signify Holding to serve a broad group of customers by making smart city infrastructure products affordable to cities.

Many governments are emphasizing the enhancement of their existing lighting infrastructure by implementing energy-efficient lighting systems. For instance, in June 2021, Cochin Smart Mission Ltd. (CSML) announced its Smart Mission project involving the replacement of existing streetlights with energy-efficient lights controlled by its command center. Under the project, CSML aims to install 3,000 streetlights, including those used on connected roads. Moreover, many authorities have been conducting smart lighting programs to upgrade their existing lighting infrastructure with energy-efficient lighting. For instance, in June 2021, New York Power Authority (NYPA) announced its partnership with the Town of Bethel to install 176 energy-efficient streetlights and replace 500,000 streetlights across the state under the New York Power Authority’s Smart Street Lighting NY program.

Smart Pole Market Report Scope

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has led to an economic slowdown in countries worldwide. The operations of numerous construction and development projects were also disrupted, thereby negatively impacting the growth of the smart pole market. For instance, the governments of the U.S. and China announced the shutdown of their construction and infrastructure activities during the pandemic to arrest the spread of the virus. However, as restrictions are relaxed worldwide, the market is expected to witness significant growth over the forecast period.

The market is highly fragmented. The key players are adopting various strategies, such as new product development, R&D, and strategic partnerships, to strengthen their position in the market. They are also offering software and products for smart poles as part of their efforts to establish a strong foothold in the market. Market players are particularly focusing on enhancing their product offerings in line with the evolving needs of end-users to stay competitive. For instance, in March 2021, Siklu, along with Schreder, announced the launch of SHUFFLE Wireless Backhaul, a wireless pole for smart infrastructure solutions. These smart poles provide security and safety solutions to keep public areas secured.

Some of the prominent players operating in the global smart pole market are:

• Cree, Inc.
• Eaton
• Echelon
• General Electric
• Siemens
• Signify Holding
• Silver Spring Networks, Inc.
• Telensa
• Wipro Limited
• Zumtobel Group