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, Eu

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

PRODUCT OVERVIEW

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.

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 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.

Power Over Ethernet Lighting Market Segments:

• By Offering
• Hardware
• Software
• Services
• By Wattage
• Up to 25-Watt
• Above 25-Watt
• By Application
• Commercial
• Residential
• Industrial
• Others

MARKET DYNAMICS

Growth Drivers

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

Smart office and smart retail concepts are on the rise

Restraint

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

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – 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

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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