According to Market Research Future, the global power over ethernet lighting market has been segmented into offering, wattage, application, and region/country. The global power over ethernet lighting market size is expected to register an exponential CAGR of 29.7% from 2021 to 2027 and reach USD 1,157 million by 2027.
Lighting systems that use Power over Ethernet reduce energy bills, enhance light quality, and extend bulb life significantly. Ethernet cables are used to power lights and communicate data between the luminaire and the control software on a PoE lighting platform. They also collect data, such as the position of a campus, by utilising motion sensors to identify people's presence and signal networks to turn off when not in use. End-users can remotely access lighting systems and platforms due to PoE smart technology, which connects LED light sources to the internet.
Through a single network cable, PoE provides electricity to devices. End-users can deliver power and data directly from power source equipment, such as switches, to the network port of connected powered devices, such as LED luminaires, using this technology. PoE solutions make network installation and expansion more cost-effective, especially in buildings where installing new power lines is too expensive or difficult.
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Increased use in commercial and industrial sectors due to cheap maintenance costs are some of the factors driving the growth of the power over ethernet (PoE) lighting market. Installing PoE-enabled lighting solutions is simple and inexpensive. One of the key hurdles to the expansion of the PoE lighting industry is the high starting prices of PoE equipment and accessories. Furthermore, increasing adoption of smart and automated systems and rising demand for smart workplaces, power and efficiency which will further generate massive opportunities that will lead to the growth of the Power Over Ethernet Lighting Market Demand.
Based on offering, the power over ethernet lighting market has been segmented into hardware, software services. The hardware segment is anticipated to exhibit the faster CAGR growth rate during the projected period.
Based on wattage, the power over ethernet lighting market has been classified into up to 25 Watt, and above 25 Watt. The above 25-Watt segment is expected to account for the larger market share.
Based on application, the power over ethernet lighting market has been bifurcated into commercial, residential, industrial, and others. Commercial hold the larger market share within the global market and are expected to grow with the fastest CAGR during the forecast period. The region's growth is being aided by the presence of major PoE lighting solution suppliers, as well as rising demand for PoE lighting solutions in commercial offices.
North America, Asia-Pacific, Europe, the Middle East and Africa, and South America have all been studied in terms of the PoE lighting market.
The global power over ethernet lighting market is expected to gain significant revenue from the various continents during the projected period. North America, Asia-Pacific, Europe, the Middle East and Africa, and South America have all been studied in terms of the PoE lighting market. North America is classified into the US, Canada, and Mexico. Europe is divided into the UK, France, Germany, and the Rest of Europe. Asia-Pacific is segmented into China, India, Japan, and the Rest of Asia-Pacific. The market for power over ethernet lighting is dominated by Asia Pacific. China is predicted to lead the PoE lighting market in APAC due to the availability of low-cost land for manufacturing facilities and new commercial constructions, the presence of various lighting manufacturers, and ongoing growth in commercial and industrial buildings as well as smart offices.
Cisco Systems (US), Signify Holding (Netherland), Hubbell Inc. (US), H.E. Williams (US), Herbert Waldmann GmbH Co. Kg (Germany), Prolojik (UK), Siemon (US), Ubiquiti Networks Inc. (US), Silvertel (UK), ALLNet GmbH (Germany), Wipro Lighting (India), Axis Lighting (Canada), Ideal Industries (US), NETGEAR (US) are the key companies operating in the global power over ethernet lighting market.
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