Smart Pole Market to record USD 13.83 Bn incremental growth; 18.57% YOY growth expected in 2022 -- Technavio

NEW YORK, Oct. 26, 2022 /PRNewswire/ -- The "Smart Pole Market by Type and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the smart pole market between 2021 and 2026 is USD 13.83 billion. Also, the report expects the market to witness a YOY growth of 18.57% in 2022 and accelerate at a CAGR of 19.88% during the forecast period. To estimate the size of the market, Technavio has considered various factors including voice and data traffic growth, IP traffic and internet traffic growth, broadband speed requirements, revenue generated by vendors, and mobile and internet penetration rates among others. Our sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself by Downloading a Free Sample Report.

Segmentation Analysis:

The global smart pole market is segmented by type (retrofit installations and new installations) and geography (North America, Europe, APAC, the Middle East and Africa, and South America).

The market growth will be significant in the retrofit installations segment. Retrofit installations involve the upgrade of existing conventional street light poles with smart poles. The retrofit installations segment dominates the global smart pole market as a large number of street light poles are being upgraded to smart poles across the world. The high contribution of street light poles to a city's energy consumption is also a crucial factor for the increasing upgrade of the existing conventional street light poles. Street light poles contribute 40% to 70% to the total energy consumption in cities globally. This is acting as an important factor for the growth of the retrofit installations segment of the global smart pole market.

By region, North America will have the largest market share. The growing need to increase urban efficiency through smart city applications is driving the adoption of smart poles in North America. In addition, the growing effort of the US Department of Transportation (DOT) to develop personal rapid transit in the urban environment will have a positive impact on the growth of the regional market during the forecast period.

Key Market Dynamics:

• Market Driver
• Market Challenges

The global smart pole market is driven by the multiple functionalities enabled by smart poles. Smart poles provide several benefits for city infrastructure when compared with conventional street lights. The LED lights in smart poles save around 40% of energy owing to the presence of features such as auto-dimming that adapts light illusion according to the surrounding light. Smart poles also help cities in monitoring the environment, increasing public and traffic safety, upgrading connectivity by providing Wi-Fi hotspots, and delivering location-based services such as smart parking and smart navigation. Also, smart poles can identify toxic chemicals, pollen counts, or air pollution levels with the help of sensors. Speakers installed in these poles can alert the public in case of high toxic content in the atmosphere. Many such benefits are increasing the adoption of smart poles globally.

However, the high costs associated with smart poles will challenge market growth. The average cost of a smart pole is about USD 14,000, and the installation cost of a smart pole ranges between USD 500 and USD 1,000. This makes smart pole installation expensive for governments and municipalities. In addition, the repair cost is significantly higher for smart poles, as smart poles are complex in nature. The shortage of skilled technicians that repair smart poles is further increasing the repair costs. All these factors are expected to reduce the growth potential in the market.

Get detailed insights into the impact of drivers, trends, and challenges on the growth of the global smart pole market. Buy Report Now

Major Vendors in Smart Pole Market:

• Acuity Brands Inc.
• ELKO EP Holding SE
• Goldspar Australia Pty Ltd.
• Hubbell Inc.
• Koninklijke Philips NV
• Lumca Inc.
• Mobile Pro Systems
• MosChip Technologies Ltd.
• Norsk Hydro ASA
• OMNIFLOW SA
• Safepro AI video Research Labs Pvt. Ltd.
• Shanghai Sansi Electronic Engineering Technology Co. Ltd.
• Signify NV
• Sunna Design SA
• TEKVIHAAN ENGINEERING SOLUTIONS
• Telelink city Ltd.
• The Jaquar Group
• Valmont Industries Inc.
• Wipro Lighting

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments 
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type 
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 Retrofit installations - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Retrofit installations - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Retrofit installations - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Retrofit installations - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Retrofit installations - Year-over-year growth 2021-2026 (%)

• 5.4 New installations - Market size and forecast 2021-2026
• Exhibit 32: Chart on New installations - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on New installations - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on New installations - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on New installations - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Type 
• Exhibit 36: Market opportunity by Type ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026
• Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 UK - Market size and forecast 2021-2026
• Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 ELKO EP Holding SE 
• Exhibit 89: ELKO EP Holding SE - Overview
• Exhibit 90: ELKO EP Holding SE - Product / Service
• Exhibit 91: ELKO EP Holding SE - Key offerings

• 10.4 Hubbell Inc. 
• Exhibit 92: Hubbell Inc. - Overview
• Exhibit 93: Hubbell Inc. - Business segments
• Exhibit 94: Hubbell Inc. - Key offerings
• Exhibit 95: Hubbell Inc. - Segment focus

• 10.5 Koninklijke Philips NV 
• Exhibit 96: Koninklijke Philips NV - Overview
• Exhibit 97: Koninklijke Philips NV - Business segments
• Exhibit 98: Koninklijke Philips NV - Key news
• Exhibit 99: Koninklijke Philips NV - Key offerings
• Exhibit 100: Koninklijke Philips NV - Segment focus

• 10.6 Lumca Inc. 
• Exhibit 101: Lumca Inc. - Overview
• Exhibit 102: Lumca Inc. - Product / Service
• Exhibit 103: Lumca Inc. - Key offerings

• 10.7 OMNIFLOW SA 
• Exhibit 104: OMNIFLOW SA - Overview
• Exhibit 105: OMNIFLOW SA - Product / Service
• Exhibit 106: OMNIFLOW SA - Key offerings

• 10.8 Shanghai Sansi Electronic Engineering Technology Co. Ltd.
• Exhibit 107: Shanghai Sansi Electronic Engineering Technology Co. Ltd. - Overview
• Exhibit 108: Shanghai Sansi Electronic Engineering Technology Co. Ltd. - Product / Service
• Exhibit 109: Shanghai Sansi Electronic Engineering Technology Co. Ltd. - Key offerings

• 10.9 Signify NV 
• Exhibit 110: Signify NV - Overview
• Exhibit 111: Signify NV - Business segments
• Exhibit 112: Signify NV - Key news
• Exhibit 113: Signify NV - Key offerings
• Exhibit 114: Signify NV - Segment focus

• 10.10 Sunna Design SA 
• Exhibit 115: Sunna Design SA - Overview
• Exhibit 116: Sunna Design SA - Product / Service
• Exhibit 117: Sunna Design SA - Key offerings

• 10.11 The Jaquar Group 
• Exhibit 118: The Jaquar Group - Overview
• Exhibit 119: The Jaquar Group - Product / Service
• Exhibit 120: The Jaquar Group - Key offerings

• 10.12 Wipro Lighting 
• Exhibit 121: Wipro Lighting - Overview
• Exhibit 122: Wipro Lighting - Product / Service
• Exhibit 123: Wipro Lighting - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 124: Inclusions checklist
• Exhibit 125: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 126: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 127: Research methodology
• Exhibit 128: Validation techniques employed for market sizing
• Exhibit 129: Information sources

• 11.5 List of abbreviations 
• Exhibit 130: List of abbreviations

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