Power over Ethernet (POE) LED Lighting Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Power Over Ethernet LED Lighting Market

The power over ethernet LED lighting market size was valued at USD 192.3 million in 2018, and the market is now projected tgrow USD 544.8 million in 2026 exhibiting a CAGR of 14.1% during the forecast period of 2019-2026.

There are certain constraints that the COVID-19 pandemic had on the Power over Ethernet (PoE) LED lighting market; namely, the severing of supply chains and constriction of project and installation schedules. Nevertheless, new trends, including remote work and more attention tenergy-saving and intelligent building products and services, have driven the growth of PoE lighting in various commercial and residential markets. Improved safety measures in structures extended the demand for connected lighting systems for improved management and automation. The market discussed in this paper rose tthe challenges of the pandemic, learning tintegrate sustainable and smart lighting technologies. In total, it can be assumed that the global market of PoE LED lighting will continue its long-term steady development due tthe gradually increase in the demand for energy-efficient products and solutions.

Larger penetration of intelligent lighting systems in smart buildings is the major factor boosting the PoE LED lighting market. Extension with the connected devices such as Siri and Alexa alsimprove market possibilities by providing control. The availability of the second-generation LED lighting technology known as Li-Fi is an outstanding growth opportunity. PoE lighting can be considered as a cost-efficient solution since its implementation allows integrating it with Li-Fi in smart cities. Similarly, the increased demand from some divisions including retail, aircrafts, oceanic lighting, and traffic systems would increase the market growth in future.

The PoE LED lighting market is rapidly growing due tthe increasing demand for modernized lighting systems being integrated intsmart buildings as well as the growing number of connected devices. It alsmakes integration with other technologies such as Amazon’s Alexa and Apple’s Siri possible, increasing the user’s control by boosting touchless interaction. Also, new opportunities for market development can be associated with the application of next-generation Li-Fi technology using LED light bulbs ttransfer data. Being cost optimized and complementary tLi-Fi, PoE lighting can be considered as an effective solution for smart cities. The global PoE lighting market size is estimated treach $11.3 billion by 2032, with a CAGR of 31.6% between 2023 and 2032, as seen by Allied Market Research.

Comprehensive Analysis of Power Over Ethernet LED Lighting Market

The power over ethernet LED lighting market growth is alsincreasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near tthe industry considering the leading supply and demand forces. These segmentations are methodically segregated by end-user analysis. By end-user analysis incudes commercial, industrial, and residential.

The North America region lead the power over ethernet LED lighting market share by benefitting a market size of USD 71.6 million in 2018 due tits increasing adoption of VoIP (telephone connection over the Internet).

Top players in the market have their responsibility of semiconductor & electronics industrial prospectus growth of the retailing industry and the markets. These players include, Akros Silicon, Inc., CiscSystems, Inc., Eaton Lighting, GENISYS PoE Lighting Systems, Igor, Inc., Maxim Integrated Products, Inc., NuLEDs, Inc., Platformatics Inc., Signify Holding (Philips), and Texas Instruments Incorporated these market players provide a level-playing competitive landscape.

In January 2021, Netgear launched the MS510TXM and MS510TXUP switches, featuring multi-gig support, Wi-Fi 6 compatibility, and IEEE Ultra60 PoE++ for up t60W power per port.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2016-2026

Base Year 2018

Forecast Period 2019-2026

Historical Period 2016-2017

Unit Volume (Million Units)

Segmentation By End-User

Commercial

Retail

Healthcare

Education

Industrial

Residential

By Region

North America (U.S. and Canada)

Europe (U.K., Germany, France, Russia, and Rest of Europe)

Asia Pacific (Japan, China, India, and Rest of Asia Pacific)

Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Latin America (Brazil, Mexico, and Rest of Latin America)