; Power Over Ethernet Lighting Market size, share, trend 2032

Power Over Ethernet Lighting Market

Power Over Ethernet Lighting Market Size, Share, and Analysis, By Offering (Hardware, Software, and Services), By Wattage (Up to 25 Watt and Above 25 Watt), By Application (Commercial, Residential, Industrial, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032

Published on: Nov-2023
Report Code: FG ES 01759
No. of Pages: 170-350
Report Format: PDF

Power Over Ethernet Lighting Market is expected to grow at a CAGR of 31.8% in the forecast period (2023-2032), with the market size valued at USD 0.28 billion in 2021 and projected to reach USD 5.9 billion by 2032.

Product Overview

Power Over Ethernet lighting combines power and data transfer via Ethernet connections to provide energy-efficient and adaptive lighting solutions for commercial buildings, industrial locations, outdoor spaces, and residences. It offers centralized control, decreases installation complexity and costs, and connects easily with other smart building technologies, improving energy optimization and lighting management capabilities across several industries.

 

Market Highlights

Power Over Ethernet Lighting Market is expected to exhibit a CAGR of 31.8% during the forecast period

Power Over Ethernet Lighting Market is expected to reach USD 5.9 billion, growing at a CAGR of 31.8% owing to increase in global connection demand, and government initiatives and investments. Additionally, the power over ethernet (Poe) lighting market share is likely to expand throughout the forecast period due to an increase in demand for intelligent workspaces in developing areas such as LAMEA and Asia-Pacific. On the other hand, the high starting prices of PoE equipment, accessories, and services limit the growth of the power over ethernet (Poe) lighting market over the projection period.

Source: Fatpos Global

Power Over Ethernet Lighting Market Segmentation

Commercial segment is expected to dominate in the forecast period

Power over Ethernet (PoE) lighting is classified by application, which includes Commercial, Residential, Industrial, and Others. The Commercial sector is the market's largest, owing mostly to a growing emphasis on efficiency and cost-effectiveness in commercial constructions. The capacity of PoE lighting to improve energy efficiency and affordability is driving its acceptance in commercial settings, making it a popular choice in this industry.

Above 25-Watt segment is expected to dominate in the forecast period

Power over Ethernet (PoE) lighting, which is classified by wattage into Up to 25 Watt and Above 25 Watt sectors, has market domination in the Above 25-Watt category. This dominance is related to the adoption of enhanced PoE standards and the increased demand for high-input-powered lighting devices. OEMs are aggressively inventing integrated lighting systems that require higher input power, propelling the market forward. This tendency is consistent with the market's emphasis on increased efficiency and innovative lighting solutions.

Source: Fatpos Global

Market Dynamics

Growth Drivers

Increased commercial and industrial use due to reduced overhead and maintenance expenses

Power over Ethernet (PoE) technology makes network installation easier by offering both power and network access via a single cable. This is especially useful in commercial and industrial environments, where it reduces installation and maintenance costs while also complementing smart building principles for increased efficiency. The expanding business floor space provides significant growth prospects for PoE lighting. It saves money by utilizing current IT infrastructure and enabling for flexible LED deployments. This tendency is projected to fuel the expansion of the PoE lighting market.

Smart office and smart retail concepts are on the rise

Organizations are embracing digital disruptors in order to remain relevant, lucrative, and attractive to talent. Commercial facility owners and operators are growing interested in PoE lighting for energy management and improved performance. PoE allows installers to power, control, and manage a facility's lighting system. Enterprises are also more inclined to consolidate diverse systems into a single, secure network infrastructure in order to improve flexibility, efficiency, and performance, which expands the potential for the PoE lighting industry. The growing popularity of remote workers and smart retail is driving the adoption of PoE to power networked devices. As commercial companies implement smart and automated systems, the PoE lighting market is likely to grow.

Restraints

High upfront expenses for PoE equipment and accessories is hurting the market

The initial capital investment necessary to set up a PoE network is substantial. This is mostly due to the higher cost of Ethernet switches that use PSE (Power Sourcing Equipment) over traditional counterparts, as well as the expense of power sourcing equipment maintenance. Additionally, switches, injectors, splitters, ethernet cables, and PoE jacks are required. The cost of acquiring these components is also included in the total beginning expenditures. This is one of the most significant impediments to the expansion of the PoE lighting market. While the PoE network may be more cost-effective in the long run, the uncertainty regarding the return on investment acts as a retraining factor.

Recent Developments

  • Hubbell Control Solutions announced the release of a new and improved NX Distributed Intelligence Lighting Control Panel (NXP2 Series) in March 2021, providing an installer-friendly solution that reduces time and costs to deploy code-compliant lighting control.
  • Hubbell Lighting announced a cooperation with Light AZ, a luminaire manufacturing firm headquartered in Illinois, US, in March 2021.

Power Over Ethernet Lighting Market

Key Players:

  • Cisco Systems, Inc.
  • Belden Inc.
  • CommScope Inc.
  • Microchip Technology Inc.
  • ON Semiconductor Corporation
  • STMicroelectronics
  • Texas Instruments Incorporated
  • NETGEAR Inc.
  • Allied Telesis, Inc.
  • Broadcom Inc.
  • Veracity UK Ltd.
  • Molex LLC
  • Delta Electronics, Inc.
  • Hewlett Packard Enterprise (HPE)
  • Ubiquiti Inc.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Power Over Ethernet Lighting Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The Power over Ethernet (PoE) Lighting Market is developing in Asia Pacific, with China poised to lead due to low industrial land, a thriving building industry, numerous lighting manufacturers, and quick technological adoption. China, Japan, India, and South Korea are likely to drive the APAC PoE lighting market. PoE lighting is developing in North America, driven by the United States, Canada, and Mexico, owing to a strong technology presence and quick adoption of lighting efficiency solutions.

Source: Fatpos Global

Impact of Covid-19 on Power Over Ethernet Lighting Market

The COVID-19 pandemic has had a significant influence on a wide range of industries and businesses. Since the pandemic began in China in 2020, massive disruptions have caused ripple effects in global economy. COVID-19's impact on the PoE lighting market will be long-lasting. PoE lighting makers, like much of the industrial sector, rely on China for a substantial portion of the components utilized. The global lockdowns affected the manufacture of LED and other components, having a significant impact on the PoE lighting sector supply chain. In many locations, manufacturing came to a halt due to a lack of critical components. However, once supplier businesses began operating with reduced capacity in the second half of 2020, the situation improved.

Power Over Ethernet Lighting Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Power Over Ethernet Lighting Market Scope and Segments:

ATTRIBUTE

  DETAILS

Study Period

2018-2032

Base Year

2022

Forecast Period

2022-2032

Historical Period

2019-2021

Growth Rate

CAGR of 31.8% from 2022-2032

Unit

Value (USD Billion)

Segmentation

Main Segments List

By Offering

  • Hardware
  • Software
  • Services

By Wattage

  • Up to 25-Watt
  • Above 25-Watt

By Application

  • Commercial
  • Residential
  • Industrial
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions (FAQ):

Power Over Ethernet Lighting Market size was values at USD 0.28 billion in 2021 and is projected to reach the value of USD 5.9 billion in 2032, exhibiting a CAGR of 31.8% during the forecast period.

The Power over Ethernet (PoE) Lighting Market use PoE technology to transmit power and data to lighting fixtures over Ethernet cables, hence providing efficient and adaptive lighting solutions for a variety of applications such as commercial and industrial buildings.

The Above 25-Watt segment and the commercial segment accounted for the largest Power Over Ethernet Lighting Market share.

Key players in the Power Over Ethernet Lighting Market include Cisco Systems, Inc., Hewlett Packard Enterprise (HPE), Ubiquiti Inc., Belden Inc., CommScope Inc., Microchip Technology Inc., ON Semiconductor Corporation, STMicroelectronics, Texas Instruments Incorporated, NETGEAR Inc., Allied Telesis, Inc., Broadcom Inc., Veracity UK Ltd., Molex LLC, Delta Electronics, Inc., and Other Prominent Players.

. Increased commercial & industrial use due to reduced maintenance expenses and the rise in smart office & smart retail concepts are the factors driving the Power Over Ethernet Lighting Market.

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