The global Power over Ethernet Lighting market worth USD 3,915.68 million by 2028, growing at a CAGR of 35.4%
The global power over ethernet lighting market size is anticipated to reach at USD 2,809.3 million by 2028. The market is set to grow with a CAGR of 35% over the forecast period. This is mainly attributed to the growing demand for power over ethernet lighting from the commercial, residential, and industrial sectors. This factor is primarily driving the rapid growth in the global power over ethernet lighting market.
Power over Ethernet is a platform, network and a cabling technology solution that has been used to transmit both the data and the power using a single twisted pair of Ethernet cable. This technique benefits the user by decreasing the capital expenditure and in turn optimizing the return on investment (ROI) of the project. Further, PoE provides the ability to deploy the powered devices at any location regardless of the electric power outlet. Thus, PoE network is anticipated to be an ideal solution for the smart devices, NextGen wireless, Internet of Things (IoT) and other smart deployments that are projected for rapid growth, especially in the commercial sector. The global market is growing owing to the increasing adoption of PoE in the commercial sector.
Power over ethernet is projected to be the backbone of the smart building ecosystem. PoE is eliminating the need for electric points for the devices and smart sensors that can be integrated on the network at any location. With power over ethernet, the smart building can utilize a single cable without the need of human touch for powering and communicating with the access points, VoIP networks, IP surveillance cameras, other smart devices, and sensors. Further, owing to the rising demand for Internet of things devices in the smart building, PoE network is projected to be the best solution for integrating all of these on one network boosting the demand for PoE network in the global power over ethernet lightning market.
Power Over Ethernet Lighting Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 2,809.3 million|
|Growth Rate||CAGR of 35% during 2021-2028|
|Segment Covered||Component, Classification Type, Industry Vertical, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Signify N.V., Cisco Systems Inc., NuLEDs, Cree Inc., Igor Inc., Molex, Axis Communications AB, and Leviton Manufacturing Co., Inc., among others|
Key Segments of the Global Power over Ethernet Lighting Market
Product Type Overview, 2019-2028 (USD Million)
- Power Sourcing Equipment (PSE)
- Powered Devices (PD)
End-User Type Overview, 2019-2028 (USD Million)
Regional Overview, 2019-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the power over ethernet lighting market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global power over ethernet lighting market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the power over ethernet lighting market and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on product type, and end-user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global power over ethernet lighting market. The report will benefit:
- Every stakeholder involved in the power over ethernet lighting market.
- Managers within the tech companies looking to publish recent and forecasted statistics about the global power over ethernet lighting market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global power over ethernet lighting market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The Power over Ethernet Lighting market is primarily driven by the growing demand for connected and integrated buildings or homes. This factor is further set to build a strong demand for smart sensors and Internet of Things devices. In the current evolution, the latest ways of powering and communicating with these devices are reporting high importance in the overall information technology market. Moreover, the growing count of IoT devices is increasingly making network infrastructure more complex. This factor is largely introducing the need for a simple and scalable solution to power and allow effective communication between the devices. Considering all these factors the global power over the ethernet market is estimated to report significant growth over the forecast period.
In addition, smart lighting is projected to be a lucrative opportunity for connectivity and intelligence solutions. The next generation of lightning is projected to revolve around “Digital Ceiling” as the industry is moving towards universal power over ethernet. This factor is further creating the demand for power over an ethernet network. Growing adoption of this technology across developed, as well as developing countries, is also observed as a significant factor allowing global power over ethernet lighting market to witness growth over the review period.
Product Type Segment
By product type, the global power over the ethernet lighting market is segmented into Power Sourcing Equipment (PSE) and Powered Devices (PD) segments. In terms of market share, the powered devices segment has dominated the market and accounted for a high share in the global market share in 2020. It is further expected that the segment will expand at a high CAGR throughout the forecast period to reach the market value of USD XX million in 2026. This growth is mainly attributed to an improved PoE standard coupled with the growing demand for high input-powered devices for lighting. This rising adoption of powered devices is further helping the segment to report exponential growth.
Based on the end-user, the global power over the ethernet lighting market is segmented into commercial, industrial, and residential. In the global power over the ethernet lighting market, the commercial segment is expected to hold the major share throughout the forecast period. The said segment is calculated for the share of over 41% and is anticipated to witness growth with a CAGR of XX% during the forecast period. The growing affordability and higher efficiencies are driving the use of PoE lighting in commercial buildings.
The global demand for power over ethernet lighting is split geographically into North America, Asia Pacific, Europe, South America, and the Middle East & Africa. The North American region is estimated to dominate the market with a high market share in 2020 followed by the Asia Pacific having a market share in 2020. The presence of leading vendors, high demand for power, and data transmission are primarily driving the growth of the power over the ethernet lighting market across these regions. The Asia Pacific region is projected to be the most attractive market and the fastest growing by the end of 2025. Many companies in the global market are now looking to enter in the Asia Pacific region, especially in countries like India and China.
The global market for power over ethernet lighting is made up of a large number of influential players. Market players such as Signify N.V., Cisco Systems Inc., NuLEDs, Cree Inc., Igor Inc., Molex, Axis Communications AB, and Leviton Manufacturing Co., Inc., among others. The industry players are increasingly adopting business growth strategies such as merger & acquisition, partnership, contracts, and product launch in the global power over ethernet lighting market to maintain their market position.