PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555782
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555782
Power Over Ethernet Lighting Market size was valued at USD 1,090.32 Million in 2023, expanding at a CAGR of 25.90% from 2024 to 2032.
The Power Over Ethernet (PoE) Lighting Market is rapidly evolving as it integrates lighting with network infrastructure through Ethernet cables, enabling efficient power delivery and data communication. This technology is particularly appealing due to its ability to simplify installation and reduce wiring costs, with PoE lighting systems showing a 25% increase in adoption among commercial buildings in 2023, according to industry sources. The growing demand for energy-efficient and smart building solutions is a major factor, as PoE lighting offers both reduced energy consumption and advanced control features. However, the market faces challenges including higher initial setup costs and compatibility issues with existing infrastructure. Despite these restraints, opportunities abound as businesses and smart cities increasingly seek integrated solutions for lighting management and IoT connectivity. Advances in PoE technology and expanding applications in smart grids and connected environments are likely to drive future market growth.
Power Over Ethernet Lighting Market- Market Dynamics
Growing Demand for Energy-Efficient and Smart Building Solutions Fuels Power Over Ethernet Lighting Market
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Power Over Ethernet Lighting Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 25.90% over the forecast period (2024-2032)
Based on Type segmentation, Wired PoE Lighting was predicted to show maximum market share in the year 2023
Based on Wattage segmentation, 25W - 50W was the leading type in 2023
Based on Component segmentation, Power Sourcing Equipment (PSE) was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Power Over Ethernet Lighting Market is segmented on the basis of Type, Wattage, Component, Application, and Region.
The market is divided into two categories based on Type: Wired PoE Lighting and Wireless PoE Lighting. Wired PoE Lighting holds the highest priority due to its reliability and consistent performance, followed by Wireless PoE Lighting, which offers greater flexibility and ease of installation but is less prevalent.
The market is divided into three categories based on Wattage: Less than 25W, 25W - 50W, and Above 50W. The segment "25W - 50W" leads due to its balance between efficiency and power needs for most applications, followed by "Less than 25W" for low-power scenarios and "Above 50W" for high-demand uses.
Power Over Ethernet Lighting Market- Geographical Insights
The Power Over Ethernet (PoE) Lighting Market is experiencing notable geographical variations, with significant growth in North America and Europe. In North America, particularly in the U.S. and Canada, the adoption of PoE lighting is driven by advancements in smart building technologies and stringent energy efficiency regulations. Major cities like New York and Toronto are leading the way with large-scale installations in commercial and public spaces. Europe also shows strong growth, with countries such as Germany, the UK, and France investing in smart infrastructure as part of their green building initiatives. The European Union's push for energy-efficient solutions and smart cities further accelerates the market's expansion. Meanwhile, Asia-Pacific is emerging as a key region due to increasing urbanization and smart city projects in countries like China and India, where PoE lighting systems are being integrated into new commercial and residential developments to enhance energy efficiency and connectivity.
Major companies such as Philips Lighting, Signify, and Cree are leading the market with advanced PoE lighting solutions that integrate seamlessly with smart building systems. Philips Lighting has been at the forefront with its extensive range of PoE-enabled fixtures and controls, while Signify's offerings focus on energy efficiency and connectivity. Cree, known for its high-performance LED technology, is also a key player in the PoE space. Emerging companies like Aimetis and PoE Lighting Solutions are gaining traction by offering niche products and customized solutions for specific applications. The competitive landscape is characterized by continuous technological advancements, with companies investing in research and development to enhance product features and interoperability. Strategic partnerships and acquisitions are common as firms aim to expand their market presence and offer comprehensive smart lighting solutions.
In January 2024, Ikan launched new lighting products, the LBX8-POE and LBX10-POE, that integrate Power over Ethernet (PoE) technology. These lights can be powered using a single Ethernet cable, simplifying installation and reducing costs. They offer high CRI, adjustable color temperature, and compatibility with DMX control systems.
In May 2019, CCS introduced a Power over Ethernet (PoE) light controller designed to simplify system integration for machine vision applications. This controller allows for easier setup and management of lighting systems, enhancing efficiency and flexibility in various industrial environments.