Asia Pacific Smart Pole Market Size & Outlook, 2023-2030
Asia Pacific Smart Pole Market, 2017-2030 (US$M)
Global Market
Related Markets
Asia Pacific smart pole market highlights
- The Asia Pacific smart pole market generated a revenue of USD 3,355.3 million in 2023.
- The market is expected to grow at a CAGR of 22.2% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,355.3 million |
| Market revenue in 2030 | USD 13,628.9 million |
| Growth rate | 22.2% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | Wolfspeed Inc, Eaton Corp PLC, Adesto Technologies, Portland General Electric Co, Siemens AG, Signify NV, Silver Spring Networks, Telensa, Wipro Ltd ADR, Zumtobel Group AG ADR |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 31.8% of the global smart pole market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,628.9 million by 2030.
Asia Pacific is expected to register the highest CAGR over the forecast period owing to several factors such as the increasing number of smart city projects in emerging economies such as India and China. The increasing government initiatives countries such as China, India, Japan, South Korea, and Australia for the replacement of conventional pole systems with smart poles to reduce the energy consumption of streetlights are expected to contribute to the regional market growth.
Furthermore, the growing deployment of Automatic Number-plate Recognition (ANPR) systems for traffic control in countries such as China, India, Indonesia, Vietnam, and South Korea is also driving the market growth in the region. China is the largest market for electric vehicles in terms of the number of on-road vehicles.
This is leading to an increase in the deployment of smart poles integrated with electric vehicle charging systems. It is also expected to boost the demand for advanced smart pole systems, in addition to driving the market growth in the country. China is the most populated country, and this poses a high demand for ensuring the control & safety of the public.
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Smart Pole Market Scope
Smart Pole Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Wipro Ltd ADR | View profile | 244,707 | Sarjapur Road, Doddakannelli, Bangalore, KA, India, 560 035 | www.wipro.com |
| Portland General Electric Co | View profile | 2,842 | 121 South West Salmon Street, Portland, OR, United States, 97204 | www.portlandgeneral.com |
| Wolfspeed Inc | View profile | 4,802 | 4600 Silicon Drive, Durham, NC, United States, 27703 | www.wolfspeed.com |
| Eaton Corp PLC | View profile | 94,000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | www.eaton.com |
| Signify NV | View profile | 31,920 | High Tech Campus 48, Eindhoven, Netherlands, 5656 AE | www.signify.com |
| Zumtobel Group AG ADR | View profile | 5,500 | Hochster Strasse 8, Dornbirn, Austria, A-6850 | z.lighting/en |
| Adesto Technologies | View profile | 101-250 | Santa Clara, California, United States, North America | www.adestotech.com |
| Silver Spring Networks | View profile | 501-1000 | Redwood City, California, United States, North America | www.silverspringnet.com/ |
| Telensa | View profile | 101-250 | Pampisford, Cambridgeshire, United Kingdom, Europe | www.telensa.com/ |
Asia Pacific Smart Pole Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Smart Pole Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 56.87% in 2023.
Horizon Databook has segmented the Asia Pacific smart pole market based on hardware, software, service covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific is expected to register the highest CAGR over the forecast period owing to several factors such as the increasing number of smart city projects in emerging economies such as India and China. The increasing government initiatives countries such as China, India, Japan, South Korea, and Australia for the replacement of conventional pole systems with smart poles to reduce the energy consumption of streetlights are expected to contribute to the regional market growth.
Furthermore, the growing deployment of Automatic Number-plate Recognition (ANPR) systems for traffic control in countries such as China, India, Indonesia, Vietnam, and South Korea is also driving the market growth in the region. China is the largest market for electric vehicles in terms of the number of on-road vehicles.
This is leading to an increase in the deployment of smart poles integrated with electric vehicle charging systems. It is also expected to boost the demand for advanced smart pole systems, in addition to driving the market growth in the country. China is the most populated country, and this poses a high demand for ensuring the control & safety of the public.
- Asia Pacific Smart Pole Market Component Outlook (Revenue, USD Million , 2017-2030)
- Hardware
- Software
- Service
- Asia Pacific Smart Pole Market Installation Type Outlook (Revenue, USD Million , 2017-2030)
- New Installation
- Retrofit Installation
- Asia Pacific Smart Pole Market Application Outlook (Revenue, USD Million , 2017-2030)
- Highways and Roadways
- Public Places
- Railways and Harbors
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Smart Pole Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Smart Pole Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Smart Pole Market, 2017-2030 (US$M)
Asia Pacific smart pole market statistics, by component, 2017-2030 (US$M)
