Power Over Ethernet lighting Market reach USD 4.96 Billion by 2030 | Analysis By Offering, Wattage, Application, and Region
Research Reports
Mar 09, 2023
Power Over Ethernet Lighting Market Insights:
The Power Over Ethernet Lighting Market is anticipated to reach USD 4.96 Billion by 2030, growing at a CAGR of 26.28% between 2023 and 2030. Power over Ethernet lighting systems dramatically lengthen bulb life, improve light quality, and save energy costs. On a PoE lighting platform, Ethernet connections are utilised to transmit data between the luminaire and the control software as well as to power lights. They also employ motion sensors to detect human presence and indicate network turnoff when not in use to gather data, such as the location of a campus. Because LED light sources are connected to the internet through PoE smart technology, end users may access lighting platforms and systems from a distance. Power over Ethernet (PoE) lighting is becoming more popular in the commercial and industrial sectors due to low maintenance costs, among other things. Lighting products with PoE support are affordable and easy to install. The high initial costs of PoE equipment and accessories are a major barrier to the growth of the PoE lighting sector. The market for power over ethernet (PoE) lighting will expand as a result of increased demand for smart workplaces, automated systems, and power and efficiency. These factors will also create enormous potential.
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Power Over Ethernet Lighting Market Key Players:
- Signify Holding (Netherlands)
- Cisco Systems (United States)
- Hubbell Inc. (United States),
- E. Williams (United States)
- Herbert Waldmann GmbH & Co.
- ALLNet GmbH (Germany)
- Wipro Lighting (India) Axis Lighting (Canada)
- Ideal Industries (United States of America)
- NETGEAR Kg (Germany)
- Prolojik (United Kingdom)
- Siemon (United States of America)
- Ubiquiti Networks Inc. (United States of America)
- Silvertel (United Kingdom)
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Power Over Ethernet Lighting Market Regional Insights:
The Power over Ethernet Lighting Market is Surging in Asia Pacific. China is anticipated to dominate the PoE lighting market in the APAC region due to the availability of affordable land for the establishment of manufacturing facilities as well as new commercial constructions, the presence of numerous lighting manufacturers, and the continued growth in commercial and industrial buildings as well as smart offices. The country adopts technology more quickly than other nations in the region and excels in the production of lighting equipment. In the upcoming years, it is anticipated that the fast-growing economies of China, Japan, India, and South Korea would drive the APAC PoE lighting market. Cities in China are providing low-cost land, adequate infrastructure, and a huge workforce as incentives for industrial expansion investments.
In terms of income, North America is ranked second for power over ethernet lighting. The main market growth engines are the US, Canada, and Mexico. The PoE lighting industry is dominated by North America. The strong technological presence and rapid uptake of key technologies, which will assist to improve light quality and overall efficiency, are the major drivers of growth in this region.
Power Over Ethernet Lighting Market Segmentation:
The offering, wattage, application, and region/country segments of the worldwide power over the ethernet lighting market have been identified.
The power over ethernet lighting Market has been divided into three categories based on offerings: hardware, software, and services. During the expected period, it is estimated that the hardware category would increase at the fastest CAGR.
The Power Over Ethernet lighting market has been divided into two categories based on wattage: up to 25 Watt and over 25 Watt. The greater market share is anticipated to be accounted for by the above 25-Watt category.
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The power over ethernet lighting market has been segmented into commercial, residential, industrial, and other segments based on application. Within the worldwide market, commercials have the most market share and are anticipated to see the quickest CAGR growth.
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