Global Power over Ethernet (POE) LED Lighting Market Insights Forecasts to 2030

• The Power over Ethernet (POE) LED Lighting Market size was valued at USD 227 million in 2021
• The market is growing at a CAGR of 28.2% from 2022 to 2030
• The Global Power over Ethernet (POE) LED Lighting Market is expected to reach USD 1,378.6 million by 2030
• North America is expected to grow the fastest during the forecast period

The Global Power over Ethernet (POE) LED Lighting Market is expected to reach USD 43.5 billion by 2030, at a CAGR of 28.2% during the forecast period 2022 to 2030. The COVID-19 pandemic also has had a major impact on the global power over Ethernet (POE) LED lighting manufacturing sector. In addition to labour difficulties, the decline in power over Ethernet (POE) LED lighting production and exports in countries including China, Germany, the United States, Japan, and South Korea has significantly decreased global market revenues in 2020.

Market Overview

Power over Ethernet (POE) LED refers to lighting the ability to supply low-voltage, direct current (DC) electrical power to network devices using the same twisted-pair copper Ethernet cables that carry data. This eliminates the need for a separate AC power source and allows for more flexible placement options without regard for power outlet proximity. Power over Ethernet (POE) has numerous advantages over both traditional lighting solutions and more recent AC-powered LED options for powering low-voltage DC-powered LED lights.

Report Coverage

This research report categorizes the market for global power over Ethernet (POE) LED lighting market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the power over Ethernet (POE) LED lighting market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the power over Ethernet (POE) LED lighting market.

Driving Factors

The rising penetration and decreasing cost of LEDs, the increasing adoption of power over Ethernet (POE) LED lighting solutions in commercial and healthcare application fields, and the rising consumer demand for cost-effective lighting solutions are the major drivers of market growth. As power over Ethernet (POE) LED lighting solutions reduce up-front construction costs and time to completion when used for cabling, installation, and configuration. There is also a dramatic reduction in carbon footprint since no conduit or high-voltage copper wiring needs to be installed. As a result, the cost-saving benefits of the PoE network are expected to drive the global power over Ethernet LED lighting market during the forecast period. In addition, the increasing adoption of the advanced lighting system in the smart building as well as connected devices such as Alexa, Siri, and others over traditional technology is expected to drive the power over Ethernet (POE) LED lighting market.

Restraining Factors

The initial capital investment required for installations of power over Ethernet (POE) LED lighting networks is high. This is primarily due to the higher cost of Ethernet switches that use power sourcing equipment (PSE) as opposed to conventional analogue, as well as the PSE's maintenance costs. Additionally, Ethernet cables, switches, injectors, splitters, and PoE connectors are utilized. A major obstacle to the market's ability to grow in terms of revenue is the fact that the cost of acquiring these components is included in the overall initial costs.

Market Segmentation

• In 2021, 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 LED lighting industry is being driven by improved PoE standards as well as growing demand for high-input-powered lighting devices. Digitization is driving the rise of PoE LED lighting systems and IoT applications for plug loads, office workstations, charging infrastructure, and other applications. PoE LED lighting with above 25 watts provides several advantages, including increased brightness and illumination as well as support for additional direct and indirect loads.

• In 2021, 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 increasing spending and utilization of PoE lighting systems are key factors driving market revenue growth in this segment. Furthermore, commercial facilities such as retail stores, educational institutions, and healthcare facilities, among others, benefit significantly from the energy consumption and other features provided by PoE lighting solutions.

Regional Segment Analysis of the Power over Ethernet (POE) LED Lighting Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is dominating the market with the largest market share of 30%.

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. The convergence of IoT and power over Ethernet (POE) lighting is a key driver of market revenue expansion in this region. Furthermore, international authorities' initiatives to authorize PoE lighting products are influencing market revenue growth. China had the highest revenue share due to the widespread availability of lighting fixtures and components.

Competitive Analysis:

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
• STMicroelectronics
• Signify Holding
• Monolithic Power Systems, Inc.
• Hubbell Inc.
• Texas Instruments Incorporated
• H.E. Williams
• Analog Devices
• Herbert Waldmann GmbH & Co. Kg
• Deco Lighting, Inc.
• Siemon
• Igor
• Ubiquiti Networks Inc.
• Mollex
• Prolojik
• Cypress
• Silvertel
• Akros Silicon, Inc.
• ALLNet GmbH
• Eaton Lighting
• Wipro Lighting
• NuLEDs, Inc.
• Axis Lighting
• GENYSIS PoE Lighting Systems
• Ideal Industries
• Maxim Integrated Products, Inc.
• NETGEAR

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

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