Power Over Ethernet Lighting (POE) Market to Cross USD 2.51 Billion by 2030 due to Demand for Energy Efficiency and Integration with Smart Building Solutions
Research Reports
Oct 25, 2023
Power Over Ethernet Lighting (POE) Market Scope & Overview
The Power Over Ethernet Lighting (POE) Market was worth USD 0.31 billion in 2022, and it is projected to achieve a market size of USD 2.51 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 29.8% during the forecast period from 2023 to 2030, as per the SNS Insider report.
Power over Ethernet (PoE) lighting, also known as PoE lighting or Ethernet-powered lighting, is a revolutionary system that utilizes Ethernet cables to deliver both data and electrical power to luminaires, rather than traditional electrical wiring. This technology leverages the same cabling infrastructure used for data transmission in local area networks (LANs), making it a cost-effective and efficient solution for powering and controlling lighting fixtures. PoE lighting is gaining traction in office spaces, retail outlets, and corporate environments, where it offers dynamic lighting control and facilitates data connectivity. PoE lighting plays a role in the development of smart cities by supporting intelligent street lighting that can adapt to traffic, weather, and pedestrian flow.
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Key Players Covered in Power Over Ethernet Lighting (POE) market report are:
Wipro Lighting
Signify Holding
H.E. Williams
Siemon
Prolojik
Cisco Systems
Hubbell Inc
Herbert Waldmann
Ubiquiti Networks
Silvertel
ALLNet.
Market Analysis
One of the primary drivers of the power over ethernet lighting (POE) market growth is its remarkable energy efficiency. PoE systems allow for precise control of lighting, enabling users to adjust brightness levels and schedule lighting based on occupancy. This level of control translates into substantial energy savings, making PoE lighting an attractive option for businesses seeking to reduce operational costs and adhere to sustainability goals. Cost-effectiveness is a significant driver in the PoE lighting market. By using a single Ethernet cable for both power and data transmission, businesses can significantly reduce installation costs. Moreover, PoE lighting eliminates the need for separate electrical wiring, reducing material costs and labor expenses. These cost savings have made PoE lighting a preferred choice for both new installations and retrofit projects. The ability to remotely monitor and manage PoE lighting systems is a significant growth driver. With advanced software, users can track energy consumption, detect faults, and even predict maintenance needs. This proactive approach to maintenance reduces downtime and extends the lifespan of lighting fixtures, making PoE lighting systems an appealing choice for facility managers.
Power Over Ethernet Lighting (POE) Market Segmentation as Follows:
BY OFFERING
Hardware
Software
Services
BY WATTAGE
Up to 25 Watt
Above 25 Watt
BY APPLICATION
Commercial
Residential
Industrial
Others
Segmented by Region/Country:
North America
Europe
China
Japan
Asia Other
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Impact of Recession
In a recession, cost-saving becomes paramount. While PoE lighting solutions offer long-term energy savings, the initial investment is higher than traditional lighting. Businesses may hesitate to make this upfront investment during economic uncertainty. However, PoE lighting manufacturers and businesses alike have an opportunity to adapt and innovate to ensure the long-term growth of the power over ethernet lighting (POE) market. By focusing on cost-effective solutions, educational campaigns, and integration with broader smart building systems, the PoE lighting market can continue to thrive in the face of economic uncertainty. As the global economy recovers, PoE lighting may emerge stronger and more resilient than ever, offering energy-efficient and cost-effective solutions for the future.
Impact of Russia-Ukraine War
The ongoing conflict has caused a surge in energy prices, particularly in Europe. Energy costs are a critical factor for power over ethernet lighting (POE) market, as one of its key advantages is energy efficiency. Despite the challenges, the Russia-Ukraine war presents opportunities for the power over ethernet lighting (POE). PoE technology can be instrumental in enhancing the resilience and security of critical infrastructure, as it provides power and data connectivity in a single system. Businesses and governments may invest in PoE lighting for emergency and security purposes, such as providing illumination in times of power outages or enhancing surveillance systems.
Key Regional Development
North America remains the leader in the power over ethernet lighting (POE) market. The region’s robust technological infrastructure, coupled with a growing demand for sustainable lighting solutions, has led to substantial market growth. With a focus on energy efficiency and smart building initiatives, PoE lighting systems are gaining rapid acceptance in commercial and residential applications. In Europe, sustainable lighting initiatives and stringent environmental regulations are driving the demand for PoE lighting systems. European nations are prioritizing energy-efficient solutions to reduce carbon footprints. PoE lighting aligns perfectly with this agenda, offering not only energy savings but also advanced control and automation capabilities. The Asia-Pacific region is experiencing rapid urbanization and infrastructure development, which is propelling the demand for PoE lighting systems. Governments are increasingly investing in smart city projects and energy-efficient technologies.
Key Takeaway from Power Over Ethernet Lighting (POE) Market Study
– The market is witnessing a seismic shift, with the hardware segment asserting its dominance. The hardware segment offers scalability and customization options, making it adaptable to a wide range of applications and industries. It can cater to the unique needs of industrial, commercial, and residential environments.
– In the PoE lighting landscape, the industrial segment is emerging as a powerhouse of innovation and adoption. PoE lighting systems offer improved safety in industrial environments. These systems can be integrated with sensors and emergency lighting, ensuring that critical areas are well-lit during emergencies or power outages.
Recent Developments Related to Power Over Ethernet Lighting (POE) Market
– Kinzie Capital Partners, a prominent investment firm specializing in technology and innovation, has recently completed the acquisition of Chelsea Lighting, a leading company in the lighting and technology sector. The acquisition by Kinzie Capital Partners is expected to provide Chelsea Lighting with the resources and support needed to continue its growth and innovation.
– Acuity, a pioneering player in the field of educational technology, has just unveiled its latest innovation, a cutting-edge DC system tailored specifically for seamless integration in classroom settings. The Acuity DC system boasts a range of remarkable features that set it apart from other solutions on the market. One of its standout attributes is its user-friendly design, allowing educators to effortlessly integrate it into their existing classroom infrastructure.
Table of Content – Analysis of Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Power Over Ethernet Lighting (POE) Market Segmentation, By Offering
9. Power Over Ethernet Lighting (POE) Market Segmentation, By Wattage
10. Power Over Ethernet Lighting (POE) Market Segmentation, By Application
11. Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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