Global Power over Ethernet (POE) LED Lighting Market Size To Exceed USD 1378.6 Million By 2030 | CAGR of 28.2%

Global Power over Ethernet (POE) LED Lighting Market Size to Reach USD 1,378.6 Million by 2030

Global Power over Ethernet (POE) LED Lighting Market According to a research report published by Spherical Insights & Consulting The size will be from $227 million in 2021.It is expected to grow to USD 13.786 billion by 2030 , growing at a CAGR of 28.2% during the forecast period .

Increasing penetration of advanced lighting systems in smart buildings, falling costs of LEDs, expanding use of PoE lighting solutions in commercial and medical applications, increasing demand for cost-effective lighting solutions, increasing accessibility of intelligent and automated systems, and sophisticated workspaces becoming increasingly popular with Power over Ethernet (POE) ) are the key factors driving the growth of the LED lighting market.

Report “ Global Power over Ethernet (POE) LED Lighting Market Size, Share, 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", explore key industry insights across 210 pages with 121 market data tables, figures and charts. Find detailed report description here: https://www.sphericalinsights.com/reports/power-over-ethernet-poe-led-lighting

Power over Ethernet (POE) When we talk about LED lighting, we are referring to the ability to deliver power and communicate data between the lighting fixture and a software application over an Ethernet cable. Power over Ethernet (POE) LED lighting uses PoE technology to connect, monitor, and control LED lighting fixtures used in smart building systems. Smart Power over Ethernet (POE) LED lighting helps build on owners' health and environmental goals by cutting installation and operating costs in half. When it comes to powering smart devices on your network, Power over Ethernet (POE) LED lighting is an affordable, reliable, and highly adaptable solution. This is needed for smart buildings and an ecosystem of networked devices such as lighting, window coverings, sensors, HVAC controllers, cameras and security systems. Power over Ethernet (POE) LED lighting has evolved from delivering up to 25W of power over an Ethernet cable to delivering more than 25W. The number and variety of devices that can be powered and connected with Power over Ethernet (POE) LED lighting has increased significantly, including: The result of that growth.

The commercial segment dominates the market with the largest market share of 40% during the forecast period.

Based on application, 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% during the forecast period. The commercial sector consists of workplaces, shopping malls, retail stores, hospitals, schools, stadiums, stadiums and accommodations. The Power over Ethernet (POE) LED lighting market is expanding globally due to the presence of significant PoE lighting solution providers and increasing demand for PoE lighting solutions in commercial industries.

The 25 Watt and above segment is showing higher growth rate during 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 25 Watt and above segment is showing higher growth rate during the forecast period. Increasing demand for high input power lighting devices and improved PoE technology are the major drivers for the Power over Ethernet (POE) LED lighting market. Input power requirements are increasing as OEMs develop integrated solutions for lighting fixtures. As a result, high-wattage PoE lighting solutions above 25 watts are expected to witness higher market growth.

Asia Pacific region dominates the market with the largest market share of 30%.

Asia Pacific dominates the market with a market share of 30% owing to the robust economic growth of the regional manufacturing industry led by countries such as China, Japan, India, and South Korea. China is expected to dominate the Power over Ethernet (PoE) LED lighting market in APAC due to the availability of affordable land for manufacturing facilities and construction of new commercial buildings, presence of several lighting manufacturers, and ongoing expansion of commercial, industrial, and smart office buildings.

Competitive Analysis:

This report mainly covers product offerings, business overview, geographical positioning, corporate strategies, market share in the sector, and SWOT analysis. The report also provides an elaborate analysis focusing on the latest news and developments of the company, including product developments, innovations, joint ventures, partnerships, mergers and acquisitions, and strategic alliances. This helps in evaluating the overall competition in the market.

List of major market participants

• Cisco Systems
• STMicroelectronics
• means holding
• Monolithic Power Systems, Inc.
• Hubbell Corporation
• Texas Instrument Corporation
• HE Williams
• Analog Devices
• Herbert Waldmann GmbH & Co. KG
• Decor Lighting Co., Ltd.
• Simon
• Igor
• Ubiquiti Networks Co., Ltd.
• Molex
• Prology
• cypress
• Silvertel
• Acros Silicone, Inc.
• ALLNet GmbH
• Eaton Lighting
• wipro lighting
• Nuel ID Co., Ltd.
• axis lights
• GENYSIS PoE lighting system
• ideal industry
• Maxim Integrated Products, Inc.
• netgear

Recent Development

• In June 2021, NETGEAR announced to launch of MS510TXM and MS510TXUP multi-gig switches. These switches can provide both data and power over a single cable, allowing network devices to be placed in the best possible location without the need for a power outlet, simplifying deployment and lowering costs. The cutting-edge switches from NETGEAR offers cloud administration as an option and support speed up to 10G.
• In October 2021, Hubbell Lighting has formed a partnership with LightAZ, an Illinois-based luminaire manufacturer.
• In May 2019, H.E. Williams, Inc. announced the acquisition of Platformatics, Inc., a provider of network-based systems for the smart building Internet of Things (IoT) industry based in Indiana.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2030. Spherical Insights has segmented the global power over Ethernet (POE) LED lighting market based on the below-mentioned segments:

Power over Ethernet (POE) LED Lighting Market, By Wattage

• Up To 25 Watts
• Above 25 Watts

Power over Ethernet (POE) LED Lighting Market, By Application

• Commercial
• Industrial
• Residential
• Others

Power over Ethernet (POE) LED Lighting Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

CONTACT US:

For More Information on Your Target Market, Please Contact Us Below:    

Phone: +1 303 800 4326 (the U.S.)

Phone: +91 90289 24100 (APAC)

Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com

Contact Us: https://www.sphericalinsights.com/contact-us

Follow Us: LinkedIn | Facebook | Twitter