Power Over Ethernet Lighting Market Size Worth USD 2.51 billion by 2030 at 29.8% CAGR - Report by SNS Insider

Power Over Ethernet Lighting Market Scope & Overview

According to SNS Insider, the Power Over Ethernet Lighting Market was valued at USD 0.31 billion in 2022. It is projected to reach USD 2.51 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 29.8% during the forecast period from 2023 to 2030. Power Over Ethernet Lighting Market to Gain High Momentum due to Increasing Demand for Smart Lighting.

Power over Ethernet (PoE) lighting is a technology that combines both power and data transmission over a single Ethernet cable, typically used in computer networks. It allows for the delivery of electrical power to lighting fixtures, eliminating the need for traditional electrical wiring and separate power sources. PoE lighting has gained popularity due to its ability to simplify installation, improve energy efficiency, and enable advanced lighting control systems.

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Key Players Covered in Power Over Ethernet Lighting market report are:

Wipro Lighting,
Signify Holding,
H.E. Williams,
Siemon,
Prolojik,
Cisco Systems,
Hubbell Inc,
Herbert Waldmann,
Ubiquiti Networks,
Silvertel,
ALLNet.

Market Analysis

The Power over Ethernet lighting market is continuously evolving, driven by ongoing technological advancements. Industry players are investing in research and development to enhance the capabilities of PoE lighting systems. This includes improving power delivery, developing advanced control interfaces, and exploring new form factors and designs. Furthermore, the standardization of PoE technology, such as the IEEE 802.3bt standard, ensures interoperability and promotes widespread adoption.

Impact of Recession

While an economic recession can initially pose challenges to the power over Ethernet lighting market, there are several mitigating factors that can help sustain its growth. The industry can leverage the long-term cost and energy-saving benefits of PoE lighting, government incentives, and ongoing technological advancements to maintain demand and drive adoption, even during periods of economic uncertainty.

Segmentation Analysis

As the power over Ethernet lighting market continues to expand, the above 25-watt and commercial segments are expected to emerge as dominant forces. The demand for higher-wattage lighting solutions, the energy efficiency and cost savings offered by PoE technology, seamless integration with building automation systems, and rapid technological advancements are driving the growth of these segments. By harnessing the benefits of PoE lighting, businesses and organizations can achieve superior lighting performance, reduce operational costs, and contribute to a more sustainable future.

Power Over Ethernet Lighting Market Segmentation as Follows:

BY OFFERING
Hardware
Software
Services

BY WATTAGE
Up to 25 Watt
Above 25 Watt

BY APPLICATION
Commercial
Residential
Industrial
Others

Segmented by Region/Country:
North America
Europe
China
Japan
Asia Other

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Regional Status & Analysis

The Asia Pacific region's dominance in the power over Ethernet lighting market can be attributed to various factors, including economic growth, infrastructure development, energy efficiency focus, favorable government policies, technological advancements, and strong market players. As the region continues to invest in sustainable and energy-efficient solutions, PoE lighting is expected to witness sustained growth in the coming years. With its innovative approach and market leadership, Asia Pacific is well-positioned to shape the future of the global PoE lighting industry.

Conclusion

The future prospects of the market appear promising, fueled by the increasing demand for energy-efficient lighting, smart building integration, IoT connectivity, cost-effectiveness, and ongoing technological advancements.

Frequently Asked Questions about this Research Report

Q1: What is the projected outlook for power over ethernet lighting market growth?

ANS: The market is projected to reach a value of USD 2.51 billion by the year 2030.

Q2: What are the major factors influencing the power over ethernet lighting market?

ANS: As technology continues to advance, the future of PoE lighting holds the promise of even more efficient, versatile, and feature-rich solutions.

Q3: Who are the leading players in the power over ethernet lighting market?

ANS: Wipro Lighting, Herbert Waldmann, Ubiquiti Networks, Prolojik, Cisco Systems, Signify Holding, H.E. Williams, Siemon, Hubbell Inc, Silvertel and ALLNet.

Table of Content - Analysis of Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Power Over Ethernet Lighting Market Segmentation, By Offering
9. Power Over Ethernet Lighting Market Segmentation, By Wattage
10. Power Over Ethernet Lighting Market Segmentation, By Application
11. Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion

Continued…

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Akash Anand - Head of Business Development & Strategy
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This release was published on openPR.