Middle East & Africa Smart Pole Market Size & Outlook
Middle East Africa Smart Pole Market, 2017-2030 (US$M)
Global Market
Related Markets
MEA smart pole market highlights
- The MEA smart pole market generated a revenue of USD 617.6 million in 2023.
- The market is expected to grow at a CAGR of 20.7% 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.
MEA data book summary
| Market revenue in 2023 | USD 617.6 million |
| Market revenue in 2030 | USD 2,302.4 million |
| Growth rate | 20.7% (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, MEA region accounted for 5.9% 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.
The MEA region is experiencing a rapid increase in infrastructure development projects in countries such as Dubai, Saudi Arabia, and s o on. This is anticipated to result in large-scale adoption of various smart pole systems and software solutions to set up an efficient infrastructure.
The region is home to several countries that are willing to adopt the latest technologies owing to their higher financial capital. Furthermore, the number of tourist places in the region is higher, which contributes to the influx of tourists from different parts of the world.
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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/ |
Middle East & Africa 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 50.55% in 2023.
Horizon Databook has segmented the Middle East & Africa smart pole market based on hardware, software, service covering the revenue growth of each sub-segment from 2017 to 2030.
The MEA region is experiencing a rapid increase in infrastructure development projects in countries such as Dubai, Saudi Arabia, and s o on. This is anticipated to result in large-scale adoption of various smart pole systems and software solutions to set up an efficient infrastructure.
The region is home to several countries that are willing to adopt the latest technologies owing to their higher financial capital. Furthermore, the number of tourist places in the region is higher, which contributes to the influx of tourists from different parts of the world.
- Middle East & Africa Smart Pole Market Component Outlook (Revenue, USD Million , 2017-2030)
- Hardware
- Software
- Service
- Middle East & Africa Smart Pole Market Installation Type Outlook (Revenue, USD Million , 2017-2030)
- New Installation
- Retrofit Installation
- Middle East & Africa 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 Middle East & Africa Smart Pole Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Smart Pole Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
MEA smart pole market statistics, by component, 2017-2030 (US$M)
