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Smart Pole Market by Offering, Installation Type, Application And Geography - Global Forecast to 2023

Smart Pole Market: Global Forecast until 2023

  • September 2017
  • 142 pages
  • ID: 5123119
In this report:
In 2016, the number of new installations of smart pole was ##.## million units and is expected to reach ##.## million units by 2023, at a CAGR of ##.##% during the forecast period.
The market for retrofit smart poles is expected to register an installation of ##.## million units by 2023, growing at a higher CAGR of ##.##% during the forecast period.

Summary

Table of Contents

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"Smart pole market forecasted to grow at a CAGR (Compound annual growth rate) of ~20.0 percent between 2017 and 2023"

The smart pole market is anticipated to be valued at ~$16.6B by 2023, increasing at a compound annual growth rate (CAGR) of ~20.0 percent between 2017 and 2023. The increase of this market is mainly influenced by Elements such as the need for energy-efficient pole lighting systems, growing government initiatives for smart cities, and advantage in preventing traffic jams and accidents.

The smart pole system has several advantages over conventional street lights including reduced maintenance costs, real-time reports and controllability, less environmental impact, and expendable infrastructure and scalability. The smart pole could be seen as a revolution in the street pole sector and would create ample opportunities for the actors operating in the field of smart devices, street light systems, internet connectivity, and communication devices in the next years. Nevertheless, the higher upfront cost of smart poles compared to traditional poles is a restraint for the smart pole market.

"Public places application anticipated to witness the more considerable increase rate during the outlook period"

Smart poles could provide different benefits including internet connectivity, announcement speakers, and charging points to help tourists visiting the public places. It would help in reducing the infrastructure and installation cost for separate devices. Also, the use of solar-powered smart poles would enable the installation of smart poles in remote public places, including architectural sites, without the extra cost of extending power supply to that location.

"Market in Asia-Pacific likely to grow at the highest level rate during the estimate period"

The smart pole market in Asia-Pac is anticipated to grow at the maximal rate during the outlook period as a result of the rising government initiatives in countries including China (CN), India (IN), Japan (JP), and Australia (AU) to expedite the replacement of traditional pole systems with smart pole systems to minimize the load of energy consumption by the street lights by 40%.

Breakdown of the profiles of primary members taking part:

• By Organization: Tier 1 = 20 %, Tier 2 = 55.0 percent, and Tier 3 = 25.0 percent

• By Description: C-suite executives = 50.0 percent, Directors = 25.0 percent, and Managers = 25.0 percent

• By Area: North America continent = 60.0 percent, EU = 20.0 percent, Asia-Pacific = 10.0 percent, and RoW = 10.0 percent

• Cree, Incorporated

• Shanghai Sansi Technology Co., Limited

Segment Research

In this business report, the smart pole market has been split on the basis of offering, installation type, application, and area. The market has been split on the basis of offering into component, software, and services. The smart pole market is further classified on the basis of installation type into new installation and retrofit. The smart pole market established on application comprises highways and roadways, public places, and railways and harbors. The market research also includes the forecast of the market sizes for four main regions-North America, Europe (EU), Asia-Pac, and RoW.

Why acquiring this study can help you

The analysis would benefit the market top players/new sector entrants in this sector in these ways.

1. This document breaks down the smart pole market comprehensively and offers the closest approximations of the global market size and those of the subsegments across several verticals and localities.

2. The market research would benefit partners distinguish the pulse of the sector and offer them with the info on key market drivers, market restraints, opportunities, and alternatives for the industry.

3. This industry report would benefit partners comprehend their players better and acquire additional insights to improve their rank in the business sector. The competitive outlook section includes competitor landscape, competitive leadership mapping, recent product launches and advancements, alliances, and mergers and acquisitions carried out in the sector.

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