According to a new market report by Lucintel, the future of the smart pole market looks promising with opportunities in the highway, roadways, public places, harbors, and railway industries. The smart pole market is expected to grow with a CAGR of 20% from 2019 to 2024. The major drivers for this market are need for energy-efficient lighting systems, increasing government initiatives for smart cities, risk of road accidents, and increasing need for traffic management.
In this market, smart poles are used to reduced maintenance costs and real-time monitoring of traffic in highways, roadways, public places, harbors, and railway industries. Lucintel forecasts that the highways and roadways will remain the largest application due to higher demand of street lighting as compare to other application. Smart pole also provide real time traffic monitoring to reduce the crime, accidents, and traffic jams.
North America will remain the largest region and Asia Pacific is expected to witness the highest growth due to stringent government regulations in countries, such as India, China, Ausralia, and Japan, to reduce the energy consumption by street lightings
Philips Lighting Holding, General Electric Company, Hubbell Incorporated, Cree, Eaton Corporation, Acuity Brands, Zumtobel, Syska LED, Lights Private Limited, Virtual Extension, Mobile Pro Systems are among the major players in the smart pole market .
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart pole market by application, installation type, component type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Smart pole Market 2019-2024: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart pole market by application, installation type, component type, and region as follows:
By Application [$M shipment analysis for 2013 – 2024]:
• Highways and Roadways
• Public Places
• Railways and Harbors
By Installation Type [$M shipment analysis for 2013 – 2024]:
• New Installation
• Retrofit
By Component Type [$M shipment analysis for 2013 – 2024]:
• Lighting Lamp
• Communication Devices
• Lamp Controller
• Sensors
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the smart pole market by application (highways & roadways, public places, and railways & harbors), installation type (new installation, retrofit), component type (lighting lamp, communication devices, lamp controller, sensors), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?