(MENAFN- Ameliorate Digital Consultancy)
Market Insight Report is one of the world&'8217;s leading market research firms, is pleased to announce its new smart pole system market report 2023-2028, covering all features of the market and providing up-to-date data on current trends.
The Smart Pole System Market Report is a valuable source of insightful data for business strategists. It offers an in-depth valuation of several features of industries such as market overview, present development valuations, historical and future valuation, present trends, Porter's five forces evaluations, SWOT valuations and clients operating in many regions. This reports also provides valuable information to increase the understanding, scope, Types and application of this report. The report covers full analysis of Smart Pole System market segmentation, regional and country breakdown. This Research will offer a clear and precise idea about the whole market to the readers to take beneficial decisions.
The global smart pole System market size was valued at USD 7.55 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 24.6% from 2022 to 2028.
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Market key Players : &'8211; Sansi, Lumca, Omniflow, Signify, Hapco, Norsk Hydro, Exel Composites, Continental Pole, Super Telecom, Eastone Century Technology, Minkave, Huaticn, Unilumin,
Segment by Type :
Pole
Monitoring Camera
Lighting
5G Base Station
Others
The retrofit installation segment held the largest revenue share of over 59.19% in 2021, attributed to the smart city initiatives pursued by various governments. These initiatives aim to replace existing lights with energy-efficient lights and install digital signages, security cameras, Wi-Fi hotspots, and environmental monitoring systems on existing light poles. For instance, in October 2022, the City Council of Essex announced its plan to replace 10,000 old-style streetlights with LED lights under the LED Replacement Program, which would benefit both residents and the environment. Moreover, governments prefer retrofitting street poles by equipping them with sensor technology or upgrading them with IoT applications to achieve cost savings with equal benefits.
Segment by Applications :
Highways & Roadways
Parking Station
Industrial Park
Others
The public places segment dominated the market with a revenue share of over 39.92% in 2022. Smart poles offer various features such as security cameras, announcement speakers, internet connectivity, and charging points to help tourists and visitors in public spaces. The use of solar-powered smart poles is further expected to encourage the installation of smart poles in public parks, beaches, and tourist sites to prevent overcrowding. For instance, in May 2022, Artificial Intelligence (AI)-powered smart poles were deployed in the Algarve region of Portugal to determine whether or not the beach is fully occupied. Additionally, increasing crime rates have compelled governments in various regions to employ surveillance cameras on smart poles at public parks, fuel stations, and national parks.
Market News
In June 2022, Edzcom of Finland and Signify collaborated to develop a private smart-city 5G and IoT network for Tampere, Finland, using street lighting and other road infrastructure. The network, which Edzcomand Signify wants to construct and densify quickly, will be used for smart-city monitoring and tracking applications, city engagement with residents, and municipal and commercial data monetization.
In May 2022, Signify acquired the US-based Fluence from OSRAM for USD 272 million. With this acquisition, Signify will obtain Fluence&'8217;s multi-channel market entry strategy in the North American plant lighting market. At the same time, its existing knowledge and expertise will complement Fluence&'8217;s plant lighting technology. Fluence&'8217;s patents in plant lighting will also help Signify expand the North American lighting market further.
The Smart Pole System Market report covers analysis of following regions:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
North America accounted for a revenue share of over 30.17% in 2022. The rapid deployment of connected streetlights in the region is expected to create growth opportunities for the market. Various cities in the U.S. have taken initiatives to install AI-powered smart poles that assist residents and business owners in emergency management situations. For instance, in July 2022, the U.S. The city of Coral Gables announced that it had installed AI-powered smart pole from Ekin Spotter, a company that provides next-generation data analysis capabilities to assist residents and business owners in an emergency and improve traffic management capabilities. Such factors bode well for the growth of the regional market.
Main highlights of the Market report:
– Recent Growth rate
– Renumeration prediction
–Worldwide Consumption graph
– all-inclusive business concentration ratio
– Global Secondary corporate competitors
– Worldwide Competitive structure
– Global Important restraints
– All-inclusive Market drivers
– Regional bifurcation
– Competitive hierarchy
– Current market tendencies
– Worldwide Market concentration analysis
Browse Full Report and TOC:-
Following are major TOC of Smart Pole System Market:
Chapter 1: Global Smart Pole System Market Overview, Product Overview, Product Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Current Business News and Policies.
Chapter 2: Industry Chain assessments, Upstream Raw Material Suppliers, Main Players, Production Process Study, Cost Study, Market Channels, and Main Downstream Buyers.
Chapter 3: Value evaluation, Production, Development Rate and Price Study by Type.
Chapter 4: Universal Market Downstream Features, Consumption and Market Share by Application.
Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Smart Pole System by Regions.
Chapter 6: Smart Pole System Production, Consumption, Export, and Import by Regions.
Chapter 7: present-day Market Status and SWOT Study by Regions.
Chapter 8: Global Competitive Landscape, Product Introduction, Corporate Profiles, Market Distribution Status by Corporations.
Chapter 9: Worldwide Market valuation and Forecast by Type and Application.
Chapter 10: All-inclusive Market valuations and Forecast by Regions.
Chapter 11: Smart Pole System Industry Characteristics, Key Factors, New Entrants SWOT Study, Investment Feasibility Analysis.
Chapter 12: Universal Market Conclusion of the Whole Report.
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