The smart pole only serves as a hub for the primary digital structure, which comprises intelligent lighting, announcement speakers, cameras, signage, weather monitoring systems, an optional electric vehicle charger, and communication devices. Smart poles can help with the management of smart city and a variety of other applications. Measures are being initiated by numerous governments around the world to implement environmental monitoring systems, intelligent advertising systems, and intelligent transportation systems as part of their plans to develop smart cities. These factors are projected to boost the growth of the global smart pole market in the near future.
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Rise in the Number of Electric Vehicles to Pave Way for Rapid Growth of the Market
Smart poles are also being erected to house electric car charging equipment. In the German city of Essen, for example, 15 smart poles were placed in June 2020 to act as electric car charging stations. As the number of electric vehicles on the road grows, so does the need for better EV charging network, which is driving up demand for smart poles along with EV charging technology. Smart poles can dim and brighten based on atmospheric light conditions and hour of the day with the aid of software. Furthermore, the widespread use of LED lighting has considerably cut energy usage in cities. As a result, the demand for smart poles is growing in tandem with the rise in energy efficiency.
One of the key elements driving demand in the global smart pole market is the continuing development of smart city initiatives throughout the world. In the light of decreasing ambient air quality in metropolitan places throughout the world, smart poles are also being put to evaluate quality of the air. Several individuals all around the world are suffering from various illnesses as a result of the decreasing air quality. Smart poles have the potential to play a critical role in solving the challenges of urban air quality by fine air particle concentrations, monitoring environmental characteristics such as fine air particle concentrations, temperature, and humidity as well as making assessment of atmospheric air quality. Citizens may make use of the data supplied by smart poles to minimise their exposure to air pollutants and authorities may use it to improve the quality of the air pollution levels.
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The advent of the COVID-19 pandemic is expected to have a negative impact on the expansion of the global smart pole market. Lockdowns implemented in many regions of the world as part of attempts to stop the spread of the infection have caused a pause in infrastructure and construction development projects.