The Asia Pacific Smart Pole Market would witness market growth of 20.3% CAGR during the forecast period (2021-2027).
Countries all over the world are investing in smart city initiatives as a result of increasing urbanization and the necessity to manage infrastructure and assets. The smart pole market is driven by the growing infrastructure for smart city projects, as well as Internet of Things (IoT) systems to manage city infrastructures, manage traffic flows and parking, and monitor water and air quality. For example, the Union Government of India planned in February 2019 to install smart poles in all Smart Cities across the country. The smart pole will be equipped with smart LED lighting systems, CCTV cameras, and digital billboards, as well as environmental sensors that will provide data on temperature, pollution levels, and WiFi routers, among other things
Furthermore, as cities become more urbanized and the use of personal and public transportation increases, city traffic becomes increasingly congested, putting pressure on local governments and corporations to improve traffic management. In addition, one of the specific reasons for the low quality of life in cities is traffic congestion. As a result, smart poles are gaining popularity in cities as a means of reducing traffic congestion and preventing accidents, as they may provide traffic management with the following features: traffic monitoring, traffic guiding, car monitoring, and parking guidance.
The governments of a number of APAC countries are putting money into smart city projects. For example, India's Smart City Mission Program, which aims to install big data, cloud computing, IoT, and other smart systems by 2021, will cost USD 24.31 billion.
By 2025, the APAC region will account for 40% of the global addressable market growth for smart city initiatives, or USD 800 billion, according to UBS' Smart Cities: Shifting Asia report. Asian governments are putting money into smart city projects and collaborating with the corporate sector. For example, China's National Smart City Program invested CNY 500 billion, and there were 500 smart cities in various phases of development, utilizing Big Data, cloud computing, IoT, and other smart technology.
The China market dominated the Asia Pacific Smart Pole Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,889.9 million by 2027. The Japan market is poised to grow at a CAGR of 19.5% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 21% during (2021 - 2027).
Based on Application, the market is segmented into Public Places, Highways & Roadways, and Railways & Harbors. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Hardware Type, the market is segmented into Controller, Lighting Lamp, Pole Bracket & Pole Body, Communication Device, and Others. Based on Installation Type, the market is segmented into Retrofit, and New. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Pole Market is Projected to reach USD 20.7 Billion by 2027, at a CAGR of 18.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, General Electric (GE) Co., Siemens AG, Signify N.V., Itron, Inc., Wipro Limited, Zumtobel Group AG, Acuity Brands Lighting, Inc., and Hubbell Incorporated.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Public Places
- Highways & Roadways
- Railways & Harbors
By Component
- Hardware
- Controller
- Lighting Lamp
- Pole Bracket & Pole Body
- Communication Device
- Others
- Software
- Services
By Installation Type
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Eaton Corporation PLC
- General Electric (GE) Co.
- Siemens AG
- Signify N.V.
- Itron, Inc.
- Wipro Limited
- Zumtobel Group AG
- Acuity Brands Lighting, Inc.
- Hubbell Incorporated
TABLE 1 Asia Pacific Smart Pole Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Smart Pole Market, 2021 - 2027, USD Million
TABLE 3 Asia Pacific Smart Pole Market by Application, 2017 - 2020, USD Million
TABLE 4 Asia Pacific Smart Pole Market by Application, 2021 - 2027, USD Million
TABLE 5 Asia Pacific Public Places Market by Country, 2017 - 2020, USD Million
TABLE 6 Asia Pacific Public Places Market by Country, 2021 - 2027, USD Million
TABLE 7 Asia Pacific Highways & Roadways Market by Country, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Highways & Roadways Market by Country, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Railways & Harbors Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Railways & Harbors Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Smart Pole Market by Component, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Smart Pole Market by Component, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Hardware Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Hardware Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Smart Pole Market by Hardware Type, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Smart Pole Market by Hardware Type, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Controller Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Controller Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Lighting Lamp Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Lighting Lamp Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Pole Bracket & Pole Body Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Pole Bracket & Pole Body Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Communication Device Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Communication Device Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Others Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Others Market by Country, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Software Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Software Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Services Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Services Market by Country, 2021 - 2027, USD Million
TABLE 31 Asia Pacific Smart Pole Market by Installation Type, 2017 - 2020, USD Million
TABLE 32 Asia Pacific Smart Pole Market by Installation Type, 2021 - 2027, USD Million
TABLE 33 Asia Pacific Retrofit Market by Country, 2017 - 2020, USD Million
TABLE 34 Asia Pacific Retrofit Market by Country, 2021 - 2027, USD Million
TABLE 35 Asia Pacific New Market by Country, 2017 - 2020, USD Million
TABLE 36 Asia Pacific New Market by Country, 2021 - 2027, USD Million
TABLE 37 Asia Pacific Smart Pole Market by Country, 2017 - 2020, USD Million
TABLE 38 Asia Pacific Smart Pole Market by Country, 2021 - 2027, USD Million
TABLE 39 China Smart Pole Market, 2017 - 2020, USD Million
TABLE 40 China Smart Pole Market, 2021 - 2027, USD Million
TABLE 41 China Smart Pole Market by Application, 2017 - 2020, USD Million
TABLE 42 China Smart Pole Market by Application, 2021 - 2027, USD Million
TABLE 43 China Smart Pole Market by Component, 2017 - 2020, USD Million
TABLE 44 China Smart Pole Market by Component, 2021 - 2027, USD Million
TABLE 45 China Smart Pole Market by Hardware Type, 2017 - 2020, USD Million
TABLE 46 China Smart Pole Market by Hardware Type, 2021 - 2027, USD Million
TABLE 47 China Smart Pole Market by Installation Type, 2017 - 2020, USD Million
TABLE 48 China Smart Pole Market by Installation Type, 2021 - 2027, USD Million
TABLE 49 Japan Smart Pole Market, 2017 - 2020, USD Million
TABLE 50 Japan Smart Pole Market, 2021 - 2027, USD Million
TABLE 51 Japan Smart Pole Market by Application, 2017 - 2020, USD Million
TABLE 52 Japan Smart Pole Market by Application, 2021 - 2027, USD Million
TABLE 53 Japan Smart Pole Market by Component, 2017 - 2020, USD Million
TABLE 54 Japan Smart Pole Market by Component, 2021 - 2027, USD Million
TABLE 55 Japan Smart Pole Market by Hardware Type, 2017 - 2020, USD Million
TABLE 56 Japan Smart Pole Market by Hardware Type, 2021 - 2027, USD Million
TABLE 57 Japan Smart Pole Market by Installation Type, 2017 - 2020, USD Million
TABLE 58 Japan Smart Pole Market by Installation Type, 2021 - 2027, USD Million
TABLE 59 India Smart Pole Market, 2017 - 2020, USD Million
TABLE 60 India Smart Pole Market, 2021 - 2027, USD Million
TABLE 61 India Smart Pole Market by Application, 2017 - 2020, USD Million
TABLE 62 India Smart Pole Market by Application, 2021 - 2027, USD Million
TABLE 63 India Smart Pole Market by Component, 2017 - 2020, USD Million
TABLE 64 India Smart Pole Market by Component, 2021 - 2027, USD Million
TABLE 65 India Smart Pole Market by Hardware Type, 2017 - 2020, USD Million
TABLE 66 India Smart Pole Market by Hardware Type, 2021 - 2027, USD Million
TABLE 67 India Smart Pole Market by Installation Type, 2017 - 2020, USD Million
TABLE 68 India Smart Pole Market by Installation Type, 2021 - 2027, USD Million
TABLE 69 South Korea Smart Pole Market, 2017 - 2020, USD Million
TABLE 70 South Korea Smart Pole Market, 2021 - 2027, USD Million
TABLE 71 South Korea Smart Pole Market by Application, 2017 - 2020, USD Million
TABLE 72 South Korea Smart Pole Market by Application, 2021 - 2027, USD Million
TABLE 73 South Korea Smart Pole Market by Component, 2017 - 2020, USD Million
TABLE 74 South Korea Smart Pole Market by Component, 2021 - 2027, USD Million
TABLE 75 South Korea Smart Pole Market by Hardware Type, 2017 - 2020, USD Million
TABLE 76 South Korea Smart Pole Market by Hardware Type, 2021 - 2027, USD Million
TABLE 77 South Korea Smart Pole Market by Installation Type, 2017 - 2020, USD Million
TABLE 78 South Korea Smart Pole Market by Installation Type, 2021 - 2027, USD Million
TABLE 79 Singapore Smart Pole Market, 2017 - 2020, USD Million
TABLE 80 Singapore Smart Pole Market, 2021 - 2027, USD Million
TABLE 81 Singapore Smart Pole Market by Application, 2017 - 2020, USD Million
TABLE 82 Singapore Smart Pole Market by Application, 2021 - 2027, USD Million
TABLE 83 Singapore Smart Pole Market by Component, 2017 - 2020, USD Million
TABLE 84 Singapore Smart Pole Market by Component, 2021 - 2027, USD Million
TABLE 85 Singapore Smart Pole Market by Hardware Type, 2017 - 2020, USD Million
TABLE 86 Singapore Smart Pole Market by Hardware Type, 2021 - 2027, USD Million
TABLE 87 Singapore Smart Pole Market by Installation Type, 2017 - 2020, USD Million
TABLE 88 Singapore Smart Pole Market by Installation Type, 2021 - 2027, USD Million
TABLE 89 Malaysia Smart Pole Market, 2017 - 2020, USD Million
TABLE 90 Malaysia Smart Pole Market, 2021 - 2027, USD Million
TABLE 91 Malaysia Smart Pole Market by Application, 2017 - 2020, USD Million
TABLE 92 Malaysia Smart Pole Market by Application, 2021 - 2027, USD Million
TABLE 93 Malaysia Smart Pole Market by Component, 2017 - 2020, USD Million
TABLE 94 Malaysia Smart Pole Market by Component, 2021 - 2027, USD Million
TABLE 95 Malaysia Smart Pole Market by Hardware Type, 2017 - 2020, USD Million
TABLE 96 Malaysia Smart Pole Market by Hardware Type, 2021 - 2027, USD Million
TABLE 97 Malaysia Smart Pole Market by Installation Type, 2017 - 2020, USD Million
TABLE 98 Malaysia Smart Pole Market by Installation Type, 2021 - 2027, USD Million
TABLE 99 Rest of Asia Pacific Smart Pole Market, 2017 - 2020, USD Million
TABLE 100 Rest of Asia Pacific Smart Pole Market, 2021 - 2027, USD Million
TABLE 101 Rest of Asia Pacific Smart Pole Market by Application, 2017 - 2020, USD Million
TABLE 102 Rest of Asia Pacific Smart Pole Market by Application, 2021 - 2027, USD Million
TABLE 103 Rest of Asia Pacific Smart Pole Market by Component, 2017 - 2020, USD Million
TABLE 104 Rest of Asia Pacific Smart Pole Market by Component, 2021 - 2027, USD Million
TABLE 105 Rest of Asia Pacific Smart Pole Market by Hardware Type, 2017 - 2020, USD Million
TABLE 106 Rest of Asia Pacific Smart Pole Market by Hardware Type, 2021 - 2027, USD Million
TABLE 107 Rest of Asia Pacific Smart Pole Market by Installation Type, 2017 - 2020, USD Million
TABLE 108 Rest of Asia Pacific Smart Pole Market by Installation Type, 2021 - 2027, USD Million
TABLE 109 key information – Eaton Corporation PLC
TABLE 110 Key Information – General Electric (GE) Co.
TABLE 111 Key Information – Wipro Limited
TABLE 112 Key Information – Siemens AG
TABLE 113 Key Information – Signify N.V.
TABLE 114 Key Information – Itron, Inc.
TABLE 115 key information – Zumtobel Group AG
TABLE 116 Key Information – Acuity Brands Lighting, Inc.
TABLE 117 Key Information – Hubbell Incorporated
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: General electric (GE) Co.
FIG 3 SWOT Analysis: Wipro Limited
FIG 4 Recent strategies and developments: Siemens AG
FIG 5 Swot analysis: Siemens AG
FIG 6 Recent strategies and developments: Signify N.V.