Press release
Power Over Ethernet Market Growth with Latest Industry Updates 2023-2032
Power Over Ethernet Market
Power Over Ethernet Market Size was valued at USD 1 billion in 2021. The power over ethernet market industry is projected to grow from USD 1.2 billion in 2022 to USD 3.3 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.20% during the forecast period (2022 - 2030). The increased use of PoE-compatible devices is expected to be a major market driver in the power over ethernet (PoE) market during the forecast period. Furthermore, an increase in the demand for ethernet is expected to propel the market forward.
Power over Ethernet (PoE) technology has transformed the way we power and connect devices in modern networks. By delivering electrical power and data over a single Ethernet cable, PoE eliminates the need for separate power supplies and simplifies the deployment of networked devices such as IP cameras, VoIP phones, wireless access points, and IoT sensors.
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Key Players:
• Axis Communications AB (Sweden)
• Maxim Integrated Products Inc. (U.S.)
• Texas Instruments Inc. (U.S.)
• STMicroelectronics N.V. (Switzerland)
• Linear Technology Corp. (U.S.)
• Broadcom Ltd. (U.S.)
• Microsemi Corp. (U.S.)
• ON Semiconductor (U.S.)
• Silicon Laboratories Inc. (U.S.)
• Monolithic Power Systems Inc. (U.S.),
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Power Over Ethernet Market Regional Analysis:
North America is the largest region in the Global Power over Ethernet (PoE) market. North America is known for its advanced technology infrastructure and early adoption of new technologies. The region has a strong presence of leading technology companies, network equipment manufacturers, and solution providers that contribute to the development and adoption of PoE solutions.
North America has been at the forefront of smart building initiatives, which involve the integration of various IoT devices for enhanced building automation, energy management, and security. PoE technology enables the centralized control and power management of these devices, making it a key enabler for smart buildings.
Power Over Ethernet Market Segmentation:
The Global Power Over Ethernet Market has been segmented into type, application and end user.
Based on the type, the market has been segmented into power sourcing equipment controllers & ICs and powered device controllers & ICs.
Based on the application, the market has been segmented into Security & Access Control, Connectivity, LED Lighting & Control, Infotainment and Energy drinks.
Based on the end user, the market has been segmented into residential, commercial and industrial.
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In an era characterized by the proliferation of connected devices and the Internet of Things (IoT), PoE technology has become increasingly essential for powering and managing networked devices efficiently and cost-effectively. By integrating power and data transmission into a single cable infrastructure, PoE enables simplified installation, centralized power management, and greater flexibility in network design. Whether it's powering surveillance cameras in smart cities, enabling wireless connectivity in office buildings, or supporting IoT deployments in industrial settings, PoE technology offers a versatile solution for a wide range of applications.
Power over Ethernet technology is driving innovation and efficiency in modern network deployments, enabling greater connectivity, flexibility, and scalability for a wide range of applications. As the demand for connected devices continues to grow and new technologies emerge, the Power over Ethernet market is poised to play a central role in shaping the future of networking and IoT solutions, empowering organizations to build smarter, more efficient, and more connected environments.
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