PUBLISHER: Allied Market Research | PRODUCT CODE: 1365677
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365677
According to a new report published by Allied Market Research, titled, "Power Over Ethernet (Poe) Lighting Market," The power over ethernet (poe) lighting market was valued at $0.7 billion in 2022, and is estimated to reach $11.3 billion by 2032, growing at a CAGR of 31.6% from 2023 to 2032.
The offerings of PoE lighting include Power Sourcing Equipment (PSE) and Powered Devices (PD). The power source equipment sends the power onto the Ethernet cable, while the power devices, such as LED lights, receives power and operates without a dedicated electrical connection. PoE lighting systems can also include network switches, cables, and control software for advanced functionality and integration with other building systems.
LED lights are a popular choice for PoE lighting systems due to their energy efficiency, long lifespan, and controllable lighting output. LED lights consume less energy than traditional lighting sources and offer flexibility in color temperature and dimming capabilities. They are compatible with PoE technology and can be easily integrated into PoE lighting systems for efficient and customizable lighting solutions.
The end users of PoE lighting span across different sectors. In the commercial sector, end users include offices, retail stores, hotels, and restaurants. Industrial facilities, such as manufacturing plants and warehouses, are also key end users. Public spaces like airports, railway stations, and government buildings utilize PoE lighting for enhanced safety and efficiency. Residential users benefit from the convenience and energy efficiency of PoE lighting in their homes.
The power over ethernet lighting market is anticipated to expand significantly during the forecast period owing to increase in global connectivity demand, and government initiatives and investments. In addition, during the forecast period, the power over ethernet lighting market is expected to witness an , increase in demand for intelligent workplaces. On the contrary, high initial costs of PoE equipment, accessories and services are the factors expected to restrain the growth of the power over ethernet lighting market during the forecast period.
The power over ethernet lighting market outlook is segmented on the basis of offering, wattage, application, and region. On the basis of offering, the power over ethernet lighting market analysis is divided into hardware, software, and services. In 2022, the hardware segment dominated the market, in terms of revenue, and it is expected to acquire major market share till 2032. On the basis of wattage, the power over ethernet lighting market share is segregated into upto 25 Watt, and above 25 Watt. The above 25 Watt segment acquired the largest share in 2022 and is is expected to grow at a significant CAGR from 2023 to 2032. On the basis of application, the power over ethernet lighting market size is segregated into commercial, residential, and industrial. The industrial segment acquired the largest share in 2022 and commercial segment is expected to grow at a significant CAGR from 2023 to 2032.
Region-wise, the power over ethernet lighting market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global power over ethernet lighting market players that have been provided in the report include ALLNet GmbH, Axis Lighting, CISCO SYSTEMS, H.E. Williams, Herbert Waldmann GmbH & Co. Kg (Waldmann Lighting), Hubbell Inc., Molex (Koch Industries), Signify Holding (Philips Lighting), Ubiquiti Networks Inc., and Wipro Lighting. The key strategies adopted by the major players of the power over ethernet lighting market are product launch, and collaboration.
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