India Smart Pole Market – Industry Analysis and Forecast (2023-2029)

India Smart Pole Market is expected to grow at a CAGR of 7.24% during the forecast period and it is expected to reach US$ 3.04 Bn. by 2029.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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The Indian metropolitan landscape is evolving, with government and city administrations to ensure the safety and security of citizens and provide them a superior quality of life. The Indian government's Smart Cities Mission is focusing on transformation to digitalize cities.

Currently, the development of smart cities is one of the key drivers in the India smart pole market. Growing population dependency on internet connectivity and extensive adoption of the internet of things solutions are some of the prominent factors behind the growth of the market. The installation of smart poles can generate around 10 to 20% savings over conventional lighting poles.

On the other hand, smart pole needs high initial investment as compared to other street lights which can act as a hurdle in the growth of the India smart pole market. Smart poles take the newest opportunities, which will also be expected to combine some excellent properties in the near future.

In the future, taking clues from successful cases globally, smart pole infrastructure is expected to leverage smarten transport and telecom infrastructure as well. Smart poles act as city nodes to capture data on traffic, weather and pollution levels. For instance, Nokia has been designated by Bharat Sanchar Nigam Limited (BSNL) to provision the transformation of India's cities through intelligent infrastructure. Nokia will resource, install, commission and maintain the Smart Telecom Poles across India in all of BSNL's telecom circles. The smart pole has been deliberate for emerging markets and built in India based on Nokia's services.

India Smart Pole Market is expected to witness significant growth owing to the government initiatives by presenting new ways in order to reduce energy usage and reduce costs. For example, in India Bhopal city has launched a public private partnership (PPP) based smart poles and intelligent street lights project under the smart cities' mission. The project comprises the installation of 400 smart poles across the city. The smart poles have features like high-speed Wi-Fi and environment sensors.

The public places are expected to share significant growth in the market during the forecast period. Smart poles are expected to offer many benefits like internet connectivity, announcement speakers, and charging points to assist tourists visiting the public places. It also helps to reduce the infrastructure and installation costs for separate devices. Additionally, the usage of solar-powered smart poles is expected to enable the installation of smart poles in remote public places like architectural sites.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market.
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India Smart Pole Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.86 Bn.


Forecast Period 2023 to 2029 CAGR:
7.24%
Market Size in 2029:
US $ 3.04 Bn.


 Segments Covered:
by Component
Lighting Lamp
Communication Devices
Lamp Controller
Sensors
Software Market


by Installation
New Installation
Retrofit Installations


by Application
Highways and Roads
Railways
Harbors
Public Place
Others



India Smart Pole Market Key Players
1. Ampolt Electronics India Private Limited
2. Philips Lighting Holding B.V.
3. Syska LED Lights Private Limited
4. Maven Systems Pvt. Ltd
5. Ruchi Telecom Private limited
6. Valmont Structures Pvt. Ltd

Frequently Asked Questions:

1. What is the growth rate of India Smart Pole Market?
Ans: The India Smart Pole Market is growing at a CAGR of 7.24% during forecasting period 2023-2029.

2. What is scope of the India Smart Pole Market report?
Ans: India Smart Pole Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

3. Who are the key players in India Smart Pole Market?
Ans: The important key players in the India Smart Pole Market are – Ampolt Electronics India Private Limited, Philips Lighting Holding B.V., Syska LED Lights Private Limited, Maven Systems Pvt. Ltd, Ruchi Telecom Private limited, and Valmont Structures Pvt. Ltd

4. What is the study period of this Market?
Ans: The India Smart Pole Market is studied from 2022 to 2029.