Power Over Ethernet (PoE) Lighting Market Trends, Revenue, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2032


Power Over Ethernet (PoE) Lighting Market Trends, Revenue, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2032: SPER Market Research

 Published: Mar-2023
 Author: SPER Analyst

Global Power Over Ethernet Lighting Market is projected to be worth USD 4.67 billion by 2032 and is poised to expand at a CAGR of 30.83%.

Lighting solutions powered by Ethernet considerably increase light quality, extend the life of the bulb, and consume less energy. In a PoE lighting platform, Ethernet connections are used to power lights and communicate data between the luminaire and the control software. They also employ motion sensors to identify human presence and notify network turnoff when not in use in order to collect information, such as the location of a campus. Users are able to remotely access lighting platforms and systems thanks to PoE smart technology, which connects LED light sources to the internet. A single network cable is used for PoE to power devices. Using this technology, end users can send data and power straight from power source equipment, such as switches, to the network port of connected powered devices.

The technology of Power over Ethernet (PoE) lighting allows for the powering and controlling of lighting systems using Ethernet cables and is experiencing global expansion. This technology offers various benefits such as energy efficiency, cost reduction, and simplified installation and management.

Market growth is fueled by several factors, including the growing demand for energy-efficient lighting, the widespread adoption of smart building technologies, and the increasing need for affordable and easily managed lighting solutions. Additionally, there is a growing emphasis on reducing carbon emissions and improving sustainability, which is driving market expansion.

However, the global market for PoE lighting has been significantly impacted by the COVID-19 pandemic. One of the primary consequences of the pandemic on the PoE lighting market has been a decrease in demand due to disruptions in the construction and renovation sectors. These sectors are critical drivers of the market, but with the pandemic leading to many businesses and organizations scaling back their operations or shutting down altogether, there has been a reduced need for new construction or renovations, resulting in decreased demand for PoE lighting systems.

Power Over Ethernet Lighting Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ALLNet GmbH, Axis Lighting, Cisco Systems, H.E. Williams, Herbert Waldmann GmbH & Co. Kg, Hubbell Inc., Ideal Industries, NETGEAR, Prolojik, Silvertel, Ubiquiti Networks Inc., Wipro Lighting.

Global Power Over Ethernet Lighting Market Segmentation:

By Offering: Based on the Offering, Global Power Over Ethernet Lighting Market is segmented as; Hardware (LED Luminaries, Lighting Control), Software.

By Wattage: Based on the Wattage, Global Power Over Ethernet Lighting Market is segmented as; Above 25 Watt, Up to 25 Watt.

By Application: Based on the Application, Global Power Over Ethernet Lighting Market is segmented as; Commercial, Industrial, Residential, others

By Region: The global power over ethernet lighting market report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. Over the anticipated time, the power over ethernet lighting market is anticipated to generate sizable revenues from the different continents. The power over ethernet lighting market has undergone a geographic study for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The US, Canada, and Mexico are grouped together as North America. The UK, Germany, France, and the Rest of Europe comprise Europe. China, Japan, India, and the Rest of Asia-Pacific make up the region of Asia-Pacific. The Power over Ethernet Lighting market is most competitive 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 existence of numerous lighting manufacturers, and the continued growth in commercial and industrial buildings as well as smart offices. The nation adopts technology more quickly than other nations in the region and specialises in the production of lighting equipment. In the upcoming years, the APAC PoE lighting market is anticipated to grow quickly because to the rapid economic development of China, Japan, India, and South Korea. Chinese cities provide investments in industrial growth by giving cheap land, adequate infrastructure, and a huge workforce. 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 market is dominated by North America. The third-largest market for power over ethernet lighting worldwide is Europe. The industry, however, is anticipated to grow at the fastest rate when compared to other sectors. This is a result of the large company's expansion strategy and the expanding number of businesses in the area.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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