The Europe Smart Pole Market would witness market growth of 17.9% CAGR during the forecast period (2021-2027).
Rising environmental challenges in cities, like air quality control, must be addressed. According to the World Health Organization, seven million people die each year as a result of illnesses caused by poor air quality and pollution. As a result, the smart pole is helping to solve the problem of urban air pollution by monitoring a variety of environmental elements like fine particulate matter concentration, temperature, and humidity to provide a comprehensive picture of an area's overall air quality. Further, environmental data can also be presented on smart poles to help citizens reduce their exposure to air pollution, and city planners can utilize the data to support decisions that could improve urban air quality.
Governments in developed and European countries like France, Germany, and the United Kingdom are working on enhancing people's experiences outside of their homes and businesses by offering online connectivity on the streets. Due to these government initiatives, demand for Smart Poles is expanding in industrialized countries.
In February 2020, smart poles with cutting-edge technology were put in Hampton, London, as part of the government's digital transformation effort to give inhabitants Wi-Fi connectivity. Moreover, the German city of Essen will install 15 smart street lights in June 2020, utilizing E.ON's smart pole technology, which includes parking management software, environmental sensors, and wi-fi hubs.
The Germany market dominated the Europe Smart Pole Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,287.1 million by 2027. The UK market is estimated to grow at a CAGR of 16.9% during (2021 - 2027). Additionally, The France market would witness a CAGR of 18.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Pole Market Size will Hit $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.
By Application
By Component
By Installation Type
By Country
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