Power Over Ethernet (PoE) Lighting Market Expected to Reach $11.3 Billion, Globally, By 2032 at 31.6% CAGR: Allied Market Research

News provided by

Jul 27, 2023, 12:19 ET

The Power over ethernet lighting market is driven by factors such as increase in global connectivity demand and government initiatives and investments in emerging countries.

PORTLAND, Ore., July 27, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Power Over Ethernet (PoE) Lighting Market By Offering (Hardware, Software, and Services), Wattage (Upto 25 Watt, and Above 25 Watt), and Application (Commercial, Residential, and Industrial): Global Opportunity Analysis and Industry Forecast, 2023–2032". According to the report, the global power over ethernet lighting industry generated $0.7 billion in 2022, and is projected to reach $11.3 billion by 2032, registering a CAGR of 31.6% from 2023 to 2032.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/124869

Prime determinants of growth

The power over ethernet lighting market is anticipated to experience significant growth during the forecast period owing to an increase in global connectivity demand, and government initiatives and investments. In addition, during the forecast period, the power over ethernet lighting market is expected to witness an increase in demand for intelligent workplaces in developing regions such as LAMEA and Asia-Pacific. On the contrary, high initial costs of PoE equipment, accessories and services restrain the power over ethernet lighting market growth during the forecast period. Nevertheless, rise in demand for intelligent workplace is expected to provide prolific growth opportunities for industry in upcoming years.

Report Coverage and Details:

Opportunities

Report Coverage	Details
Forecast Period	2023–2032
Base Year	2022
Market Size in 2022	$0.7 billion
Market Size in 2032	$11.3 billion
CAGR	31.6 %
No. of Pages in Report	250
Segments covered	Offering, Wattage, Application and Region.
Drivers	Increase in global connectivity demand
Drivers	Government initiatives and investments
Opportunities	Increase in demand for intelligent workplaces
Restraints	High initial costs of PoE equipment, accessories and services

COVID-19 Scenario:

Power over ethernet lighting played a crucial role during the COVID-19 pandemic in ensuring global connectivity and enabling various aspects of the digital infrastructure that have supported remote work, online education, telemedicine, and other essential services.

The Hardware segment to maintain its leadership status throughout the forecast period.

Based on offering, the hardware segment held the highest market share in 2022, accounting for nearly half of the global power over ethernet lighting market revenue, and is estimated to maintain its leadership status throughout the forecast period, as it is known for its small size & flexibility, and it is widely used in commercial and industrial sectors, where high intensity of light emitting diode (LED) light is required. Moreover, the same segment is projected to manifest the highest CAGR of 32.07% from 2023 to 2032, driven by the growing adoption of light emitting diode (LED) across various sectors, including manufacturing, oil and gas, utilities, transportation, and mining.

The Above 25 Watt segment to maintain its leadership status throughout the forecast period.

Based on wattage, the above 25 watt segment held the highest market share in 2022, accounting for more than half of the global power over ethernet lighting market revenue and is estimated to maintain its leadership status throughout the forecast period. In addition, the upto 25 watt segment is projected to manifest the highest CAGR of 32.07% from 2023 to 2032 due to versatile and cost-effective solution for both residential and commercial environments globally.

The Commercial segment to dominate the market in terms of revenue throughout the forecast period.

Based on application, the industrial segment held the highest market share in 2022, accounting for more than two-fifths of the global power over ethernet lighting market revenue. In addition, the commercial segment is projected to manifest the highest CAGR of 31.87% from 2023 to 2032 due to rise of Internet of Things (IoT) devices and data-driven insights presents opportunities for PoE lighting systems to integrate with analytics platforms, enabling predictive maintenance, occupancy sensing, and space utilization analysis. The market for PoE lighting in commercial applications is poised for growth as organizations seek sustainable and intelligent lighting solutions to enhance energy efficiency, user comfort, and operational efficiency in their facilities.

North America to maintain its dominance by 2032.

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global power over ethernet lighting market revenue. Asia-Pacific is likely to showcase the fastest CAGR of 32.12%, owing to the region has a strong focus on technology innovation and digital transformation, making it receptive to cutting-edge solutions like PoE lighting. The combination of urban development, market potential, and technological advancements positions the Asia-Pacific region as a promising market for the growth and adoption of PoE lighting technology.

Want to Access the Statistical Data & Graphs, and Key Players' Strategies: https://www.alliedmarketresearch.com/purchase-enquiry/124869

Leading Market Players:

ALLNet GmbH
Axis Lighting
Cisco Systems
H.E. Williams
Herbert Waldmann GmbH & Co. Kg (Waldmann Lighting)
Hubbell Inc.
Molex (Koch Industries)
Signify Holding (Philips Lighting)
Ubiquiti Networks Inc.
Wipro Lighting

The report provides a detailed analysis of these key players in the global Power over ethernet lighting market. These players have adopted different strategies such as product development, and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Key Benefits For Stakeholders:

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the power over ethernet (POE) lighting market analysis from 2022 to 2032 to identify the prevailing power over ethernet (POE) lighting market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the power over ethernet (POE) lighting market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global power over ethernet (POE) lighting market trends, power over ethernet (Poe) lighting market opportunity, power over ethernet (Poe) lighting market demand, key players, market segments, application areas, and market growth strategies.

Power Over Ethernet (Poe) Lighting Market Key Segments:

By Offering:

Hardware
Software
Services

By Wattage:

Upto 25 Watt
Above 25 Watt

By Application:

Commercial
Residential
Industrial

By Region:

North America (U.S., Canada, and Mexico)
Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, and Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, and Rest of Asia-Pacific)
LAMEA (Latin America, Middle East and Africa)

Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/475eVQh

Trending Reports in Semiconductor and Electronics Industry (Book Now with 10% Discount + COVID-19 Scenario):

Emergency Lighting Market By Offering (Hardware, Software and Services), Power System (Self-Contained Power System, Central Power System and Hybrid Power System), Lighting Type (Fluorescent Lighting, LED, Incandescent, and Others) and Application (Residential, Industrial, Commercial): Global Opportunity Analysis and Industry Forecast, 2021-2030

Outdoor Solar LED Market By Product Type (Street Lights, Garden Lights, Floodlights, Spot Lights, Others), Voltage (Low Voltage, Medium Voltage, and High Voltage), End Use (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2023-2032

Connected Living Room Market By Product Type (Smart TVs, Gaming Consoles, Computer and Laptop, Smart Speakers, Smartphones and Tablets, Security System, and Lighting system), Application (Video Streaming, Audio Streaming, Gaming, and Security), Component (Sensors, Thermostats, Cameras, Communication Device, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Smart Office Market By Offering (Hardware, Software, and Service), Product Type (Smart Lighting, Intelligent Security Systems, Energy Management Systems, Network Management Systems, Audio-Video Conferencing Systems, and Others), Connectivity Technology (Wireless Technologies and Wired Technologies), and End User (Commercial, Residential, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2030

LED Light Engine Market By Product Type (Lamp and Luminaire), Installation Type (New Installation and Retrofit Installation), Application (Indoor Lighting and Outdoor Lighting), and End User (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]