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Global Power Over Ethernet Lighting Market Overview:
The Power Over Ethernet Lighting Market Size was valued at USD 0.77 Billion in 2022. The Power Over Ethernet Lighting industry is projected to grow from USD 1.29 Billion in 2023 to USD 4.96 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 26.28% during the forecast period (2023 - 2030). Using an Ethernet connection to power light fixtures and relay data between the luminaire and the control software is known as Power Over Ethernet Lighting (PoE). This implies that a single wire will power and operate all of the network-connected fixtures. to the network routers a compact network switch that can support a few Ethernet connections from a single uplink cable installed in far-off rooms. The PD port receives PoE power. These switches might then use PoE pass-through to distant power over ethernet devices.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Power Over Ethernet Lighting Market Trend
- Growth In Adoption In The Commercial And Industrial Sectors Since maintenance costs are low
Office buildings, warehouses, and retail facilities in the industrial and commercial sectors are increasingly using PoE-lighting systems. PoE lights have benefits including less labour effort and lower installation and maintenance expenses because there are fewer ethernet connections needed. Reusing existing IT networking infrastructure is one of the key elements influencing the adoption of solutions in commercial settings. Everything linked to an Ethernet connection and connected to the PoE intelligent building automation platform receives an IP address. It can now be operated and monitored by the IoT & smart building management applications.
Power Over Ethernet Lighting Market Segment Insights:
Power Over Ethernet Lighting Offering Insights
The market segmentation, based on Offering, includes Hardware, Software, and Services. The Hardware segment holds the majority share in 2022, contributing to the global Power Over Ethernet Lighting revenue.
Power Over Ethernet Lighting Wattage Insights
Based on Wattage, the market segmentation includes Up to 25 Watt and Above 25 Watt. The Above 25 Watt segment dominated the market. The market is being driven by improved Pot standards as well as rising demand for high input-powered lighting gadgets. OEMs are developing integrated lighting systems, which demand higher input power.
Power Over Ethernet Lighting Application Insights
Based on Application, the market segmentation includes โโโโโโ Commercial, Residential, Industrial, and Others. The Commercial segment is the largest segment of the market. The usage of Pot lighting in commercial structures is being driven by rising efficiency and increasing affordability.
Figure 2: Power Over Ethernet Lighting Market, by Application, 2022 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Power Over Ethernet Lighting Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. 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.
Figure 3: Power Over Ethernet Lighting Market SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
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 Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Power Over Ethernet Lighting industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Power Over Ethernet Lighting industry to benefit customers and expand the market sector. Major market players, including Cisco Systems, Signify Holding, Hubbell Inc, H.E. Williams, and others, are attempting to increase market demand by funding R&D initiatives.
Cisco Systems develops and markets a variety of technologies for networking, security, teamwork, apps, and the cloud. It provides products for wireless, data centers, switching, routing, cloud, and email security, identity and access management, threat prevention, and unified threat management, as well as cloud and system management. Additionally, the firm offers technical assistance and cutting-edge services to enterprises, governmental bodies, nonprofit organizations, and service providers.
Signify (previously Philips Lighting) is a global supplier of lighting products, systems, and services to both professionals and consumers. The firm develops, produces, and distributes incandescent, halogen, fluorescent, and high-intensity discharge lights for household and professional applications, as well as electronic components for luminaire makers such as electronic ballasts and drivers. It also offers LED lights for professional and consumer channels, as well as LED electrical components such as LED drivers and modules for retail, hotel, office, and outdoor applications.
Key Companies in the Power Over Ethernet Lighting market include
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Signify Holding
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Hubbell Inc
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H.E. Williams
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Herbert Waldmann GmbH & Co
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Siemon
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Ubiquiti Networks Inc
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ALLNet GmbH
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Wipro Lighting
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Axis Lighting
Power Over Ethernet Lighting Industry Developments
March 2021: Hubbell Control Solutions announced the launch of a new and improved NX Distributed Intelligence Lighting Control Panel (NXP2 Series) that centralizes connection points in an enclosure, providing an installer-friendly solution that reduces time and costs to deploy code-compliant lighting control.
March 2021: Hubbell Lighting announced its partnership with LightAZ, a luminaire manufacturing company with headquarters in Illinois, US.
Power Over Ethernet Lighting Market Segmentation
Power Over Ethernet Lighting Offering Outlook
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Hardware
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Software
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Services
Power Over Ethernet Lighting Wattage Outlook
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Up to 25 Watt
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Above 25 Watt
Power Over Ethernet Lighting Application Outlook
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Commercial
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Residential
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Industrial
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Others
Power Over Ethernet Lighting Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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