Europe Smart Pole Market Size & Outlook, 2023-2030
Europe smart pole market, 2017-2030 (US$M)
Related Markets
Europe smart pole market highlights
- The Europe smart pole market generated a revenue of USD 3,098.2 million in 2023.
- The market is expected to grow at a CAGR of 21.8% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,098.2 million |
| Market revenue in 2030 | USD 12,343.4 million |
| Growth rate | 21.8% (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, Europe region accounted for 29.4% 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.
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Smart Pole Market Scope
Smart Pole Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 58.6% in 2023. Horizon Databook has segmented the Europe smart pole market based on hardware, software, service covering the revenue growth of each sub-segment from 2017 to 2030.
The adoption of smart poles in Europe is expected to be high owing to factors such as better economic integration, vast geographical area, and presence of leading players of the market, such as Siemens AG, Signify Holdings, Zumtobel Group, and Philips.
The region’s environmental standards help regulate the performance and safety of outdoor commercial lighting such as highway lighting, roadway lighting, harbor lighting, and s o on. Several governments in the region are installing smart poles to comply with these standards.
Moreover, increasing awareness about energy conservation is further driving the market growth. Germany is characterized by the presence of leading manufacturers of LED lights that are installed in the smart poles. Some of the prominent lighting manufacturers include Signify Holdings and OSRAM GmbH.
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Our clientele includes a mix of smart pole market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe smart pole market , including forecasts for subscribers. This continent databook contains high-level insights into Europe smart pole market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe smart pole market size, by country, 2017-2030 (US$M)
Europe Smart Pole Market Outlook Share, 2023 & 2030 (US$M)
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