Global Power over Ethernet (POE) LED Lighting Market Size To Exceed USD 1378.6 Million By 2030 | CAGR of 28.2%Category: Semiconductors & Electronics
Global Power over Ethernet (POE) LED Lighting Market worth $1,378.6 Million by 2030
According to a research report published by Spherical Insights & Consulting, The Global Power over Ethernet (POE) LED Lighting Market Size is to grow from USD 227 million in 2021 to USD 1,378.6 million by 2030, at a Compound Annual Growth Rate (CAGR) of 28.2% during the forecast period.
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The increasing penetration of high-tech lighting systems in smart buildings, falling LED costs, expanding use of PoE lighting solutions in commercial and healthcare applications, growing demand for cost-effective lighting solutions, expanding accessibility of intelligent and automated systems, and growing demand for sophisticated workplaces are the main factors propelling the power over Ethernet (POE) LED lighting market growth.
Browse key industry insights spread across 210 pages with 121 market data tables and figures & charts from the report “Global Power over Ethernet (POE) LED Lighting Market Size, Share, and COVID-19 Impact Analysis, By Wattage (Up To 25 Watts and Above 25 Watts), By Application (Commercial, Industrial, Residential, Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030 "Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/power-over-ethernet-poe-led-lighting
When we talk about Power over Ethernet (POE) LED Lighting, we're referring to the ability to power and communicate data between luminaires and software applications via an Ethernet cable. Power over Ethernet (POE) LED lighting connects, monitors, and controls LED light fixtures used in smart building systems by using Power over Ethernet technology. Smart power over Ethernet (POE) LED lighting helps to build owner’s health and environmental and environmental goals by lowering installation and operational expenses in half. When it comes to powering smart devices in a network, power over Ethernet (POE) LED lighting is a low-cost, dependable, and adaptable solution. It is required for smart buildings and their ecosystems of network-connected devices, such as lighting, window coverings, sensors, HVAC controllers, cameras, and security systems. Power over Ethernet (POE) LED lighting has advanced from supplying up to 25W of power over Ethernet cabling to supplying above 25. The quantity and variety of devices that can be powered and linked by power over Ethernet (POE) LED lighting have increased significantly as a result of that growth.
The commercial segment is dominating the market with the largest market share of 40% over the forecast period.
Based on applications, the global power over Ethernet (POE) LED lighting market is segmented into commercial, industrial, residential, and others. Among these, the commercial segment dominates the market with the largest market share of 40% over the forecast period. The commercial sector consists of workplaces, malls, retail stores, hospitals, schools, arenas, stadiums, and lodging facilities. The presence of significant PoE lighting solution providers and the rising demand for PoE lighting solutions in commercial industries are driving the power over Ethernet (POE) LED lighting market expansion across the world.
The above 25 watts segment is witnessing a higher growth rate over the forecast period.
Based on wattage type, the global power over Ethernet (POE) LED lighting market is segmented into up to 25 watts and above 25 watts. Among these, the above 25 watts segment is witnessing a higher growth rate over the forecast period. The rise in the demand for high input-powered lighting devices and improved PoE technologies are the major driving factors for the power over Ethernet (POE) LED lighting market. The development of integrated solutions in luminaires by OEMs is increasing input power requirements. As a result, high-wattage, above 25 watts PoE lighting solutions are expected to witness higher market growth.
Asia Pacific is dominating the market with the largest market share of 30%.
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Asia Pacific dominates the market with a 30% market share, owing to strong economic growth in the region's manufacturing industries led by countries such as China, Japan, India, and South Korea. China is predicted to dominate the power over Ethernet (POE) LED lighting market in APAC due to its affordable land for manufacturing facilities and new commercial building construction, the existence of several lighting manufacturers, and the ongoing expansion of commercial, industrial, and smart office buildings.
The report offers the appropriate analysis of the key organizations/companies involved within the global power over Ethernet (POE) LED lighting market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Market Players
- Cisco Systems
- Signify Holding
- Monolithic Power Systems, Inc.
- Hubbell Inc.
- Texas Instruments Incorporated
- H.E. Williams
- Analog Devices
- Herbert Waldmann GmbH & Co. Kg
- Deco Lighting, Inc.
- Ubiquiti Networks Inc.
- Akros Silicon, Inc.
- ALLNet GmbH
- Eaton Lighting
- Wipro Lighting
- NuLEDs, Inc.
- Axis Lighting
- GENYSIS PoE Lighting Systems
- Ideal Industries
- Maxim Integrated Products, Inc.
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