Power Over Ethernet Market is Anticipated to reach USD 3.3 billion, grow at a CAGR of 16.20% from 2022 to 2030
Research Reports
Aug 03, 2023
Power Over Ethernet Market Insights:
According to MRFR analysis, the Global Power Over Ethernet Market is expected to register a CAGR of 16.2% from 2022 to 2030 and hold a value of over USD 3.3 billion by 2030.
The Global Power over Ethernet (PoE) Market is a networking feature that allows electrical power to be transmitted alongside data over Ethernet cables. It eliminates the need for separate power cables, providing a convenient and cost-effective solution for powering network devices such as IP cameras, wireless access points, VoIP phones, and other Internet of Things (IoT) devices.
The market for PoE has experienced substantial growth in recent years due to several factors. These include the increasing adoption of IoT devices, the demand for efficient and flexible power solutions, network simplification, and the rise of smart infrastructure and automation.
The COVID-19 pandemic significantly impacted the Global Power over Ethernet (PoE) market. The pandemic caused disruptions in the global supply chain, affecting the manufacturing and distribution of PoE components and equipment. Factory shutdowns, restrictions on international trade, and logistic challenges resulted in delays and shortages of PoE products, impacting the market’s growth.
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Key Players:
- Axis Communications AB (Sweden)
- Maxim Integrated Products Inc. (U.S.)
- Texas Instruments Inc. (U.S.)
- STMicroelectronics N.V. (Switzerland)
- Linear Technology Corp. (U.S.)
- Broadcom Ltd. (U.S.)
- Microsemi Corp. (U.S.)
- ON Semiconductor (U.S.)
- Silicon Laboratories Inc. (U.S.)
- Monolithic Power Systems Inc. (U.S.),
are the notable vendors in the Power Over Ethernet market.
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Power Over Ethernet Market Regional Analysis:
North America is the largest region in the Global Power over Ethernet (PoE) market. North America is known for its advanced technology infrastructure and early adoption of new technologies. The region has a strong presence of leading technology companies, network equipment manufacturers, and solution providers that contribute to the development and adoption of PoE solutions.
North America has been at the forefront of intelligent building initiatives, which involve the integration of various IoT devices for enhanced building automation, energy management, and security. PoE technology enables the centralized control and power management of these devices, making it a key enabler for intelligent buildings.
Power Over Ethernet Market Segmentation:
The Global Power Over Ethernet Market has been segmented into type, application, and end user.
Based on the type, the market has been segmented into power-sourcing equipment controllers & ICs and powered device controllers & ICs.
Based on the application, the market has been segmented into Security & Access Control, Connectivity, LED Lighting & Control, Infotainment, and Energy drinks.
Based on the end user, the market has been segmented into residential, commercial, and industrial.
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