The opportunities for market growth in power over ethernet lighting have shown great promise around the world with tremendous growth potential in terms of revenue generation. The global demand for power over ethernet lighting is projected to hit USD 2,809.3 million by 2028, with a CAGR of 35%. The growing demand for economic network infrastructure and expansion of network capabilities is primarily driving the market for power over ethernet lighting. The increasing demand for smart buildings is anticipated to create new market opportunities for the market players involved in the global power over the ethernet lighting market. 

PoE provides a future-proof network option as it can accommodate the network growth and the integration of the next generation of devices through connector interfaces that lie across the network. This, deployment of future devices via an established network is effectively reducing the time and expansion cost coupled with ease of integration. The next-generation applications are used for integrated building management systems are projected to surge in demand driving the growth of the global Power over Ethernet Lighting market during the forecast period. Moreover, the PoE network offers a more economical solution compared to the traditional cabling network as it is a single integrated power and data cabling system. This reduces the overall cost resulting in higher payback in the projects, thereby setting the high demand in the global power over ethernet lighting market.

The global power over the ethernet lighting market is primarily classified as Power Sourcing Equipment (PSE) and Powered Devices (PD) segments. This classification is made by the product types of power over ethernet lighting. The overall market for power over ethernet lighting has been led by Powered Devices (PD) segments in 2020. The segment is further expected to witness significant growth over the forecast period. Improved PoE standards coupled with the growing demand for high input-powered devices for lighting are driving the said market. The Power Sourcing Equipment (PSE) segment is expected to witness significant growth in the coming future. This is mainly attributed to the growing requirement for power sourcing equipment from commercial and industrial sectors.

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 power over the ethernet lighting industry in 2020 was dominated by North America. This growth is primarily attributed to the increased penetration of the latest technologies across the region. Asia Pacific's power over the ethernet lighting market is further set to witness significant growth during the forecast period. In developing countries like India, the commercial sector is projected to showcase tremendous growth opportunities for the PoE network and for the players in the market.

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.
Segment Overview of Global Power over Ethernet Lighting Market

Component Overview, 2018-2028 (USD Million)

• Solution
• Services  

Classification Type Overview, 2018-2028 (USD Million)

• Content-Based Classification
• Context-Based Classification
• User-Based Classification 

Industry Vertical Overview, 2018-2028 (USD Million)

• BFSI
• Government
• Healthcare
• Telecom & IT
• Education
• Others

Regional Overview, 2018-2028 (USD Million)

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Middle East and Africa
  • UAE
  • South Africa
  • Rest of Middle East and Africa

• South America
  • Brazil
  • Rest of South America