The global Power Over Ethernet (POE) Lighting Market is expected to reach USD 1.27 billion by 2026, according to a new report by Reports and Data. The growth of this market is mainly dependent on POE based products. Many devices like VoIP and wireless access points, especially in the commercial vertical are POE-compatible. The continuous increase in the demand of these devices has led to surging in the market of POE lighting market as well.
As the market is still at
inception, companies are wary of using it for lighting. Even though POE is
successful in the telephone system, it is still not accepted widely in
lighting. Few companies realize its benefits and partnerships have been formed
between lighting and technology companies. Plans are to integrate these POE
lightings in the buildings, especially in commercial sectors. However, the
limitations on the power delivered by POE-based power sourcing to end devices
are hindering the growth of the market.
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North America holds the
largest market share of 34%. This is mainly due to the easy availability of
POE-power sourcing equipment and rise in demand for POE controllers and ICs.
High purchasing power in the developed region is boosting the growth of this
market in this region. Asia Pacific is expected to grow at a higher CAGR of
12.8% with an increase in applications of LED lightings and emergence of new
constructions.
Key
participants include Microsemi
Corp., Linear Technology Corp., Maxim Integrated Products Inc., Cisco
Systems, Inc., STMicroelectronics N.V., Texas Instruments Inc., Axis
Communications AB, Cree, Inc., Panasonic Corp., D-Link Corp., and Koninklijke
Philips N.V. among others.
For
the purpose of this report, Reports and Data have segmented global Power Over
Ethernet (POE) Lighting market on the basis of type, device type, application
vertical and region:
Type Outlook (Revenue, USD Million;
2018-2026)
- Power sourcing controllers and ICs
- Powered devices controllers and ICs
Device Type Outlook (Revenue, USD Million;
2018-2026)
- Power sourcing equipment
- Powered devices
Application Outlook (Revenue, USD
Million; 2018-2026)
- Connectivity
- Infotainment
- Led Lighting control
- Security and access control
- Others
Vertical Outlook (Revenue, USD Million;
2018-2026)
- Commercial
- Residential
- Industrial
Regional Outlook (Revenue, USD Million;
2018-2026)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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Further
key findings from the report suggest
- VoIP phones are encouraging the market. The
benefit of it like simple installation, no maintenance, low communication
cost is increasing the deployment of VoIP phones. The growth of the IoT
industry is also lifting the market. Many of the devices are wireless and
POE compatible and is powered by POE technology.
- The POE solutions market is expected to show a
rapid increase in the commercial It will have the highest CAGR of 12.6%.
The high demand for connectivity, security and access control application
in office buildings is driving the market.
- Industrial segment demand for the connected
system, high security, and biometrics access will also pus the market for
POE. Oil and gas companies, transportation, telecommunication, power are
some of the industries that have an application of POE Lighting market.
Deployment of smart and connected lights is also growing in this sector.
- POE in infotainment is also one of the commonly
used applications. The rise in the entertainment sector shows an increase
in the equipment and its various requirements. Ethernet is fast, and the
power can be used in automotive as well to make it smart.
- POE is also known as the missing link between
ceilings and a new breed of smart buildings. Development in the
construction sector means that new added benefits and features in the
building. POE can be included as well because of the need for smart
recessed lights and better connectivity and security.
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Key
Features of the Power Over Ethernet (POE) Lighting Market Report:
·
Detailed assessment and exhaustive
understanding of the Power Over Ethernet (POE) Lighting market
·
Significant insights into manufacturing
processes, major barriers, and risks
·
8-year forecast estimation to offer
information about the market size and market share on the global and regional
levels
·
Evaluation of the key drivers, restraints,
growth opportunities, threats, limitations, barriers, and other key elements
·
Identification of growth prospects and
potential for the Power Over Ethernet (POE) Lighting industry Comprehensive
analysis of the key market players and their strategies
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