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Power Over Ethernet Lighting Market

The Power Over Ethernet Lighting Market is expected to grow from USD 243 million in 2021 to USD 922 million by 2026; at a CAGR of 30.6%

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Power Over Ethernet Lighting Market

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  1. MarketsandMarkets Presents The Power Over Ethernet Lighting Market is projected to reach USD 922 million by 2026 from USD 243 million in 2021; it is expected to grow at a CAGR of 30.6% from 2021 to 2026. North America has the largest market share for PoE lighting. Whereas, APAC is expected to witness the highest growth during the forecast period owing to the rapidly changing face of technology and customer needs in high-potential markets such as China, Japan, South Korea, and Australia. Due to advancements in technology and the emergence of new business models as well as new constructions in the developing cities of the region, the PoE lighting market is exhibiting an upbeat outlook.

  2. MarketsandMarkets Presents The above 25-watt segment, in the market by wattage, of the PoE Lighting Market, is projected to account for a larger share during the forecast period. The market for above 25 watts accounted for a larger share in 2020 and is expected to record a higher CAGR during the forecast period. Improved PoE standards coupled with the growing demand for high input-powered devices for lighting are driving the said market. OEMs are coming up with integrated solutions in luminaires, which require more input power. Thus, there is a growing requirement for Power Source Equipment (PSE) with high output to power the Power Devices (PDs). This is further expected to propel the market for high-wattage PoE lighting systems.

  3. MarketsandMarkets Presents The above 25-watt segment, in the market by wattage, of the PoE Lighting Market, is projected to account for a larger share during the forecast period. PoE lighting of above 25 watts offers many advantages, such as greater brightness and illumination, and support for more direct/indirect loads. The digital revolution is generating a wave of emerging PoE systems and IoT applications for lighting, plug loads, office workstations, device charging, and other applications. Download PDF Sample @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=872 76526

  4. MarketsandMarkets Presents In Applications, the commercial segment projected to hold the largest share of the PoE Lighting Market during the forecast period The commercial segment accounted for the largest share of the PoE Lighting Market in 2020. Growing affordability and higher efficiencies are driving the use of PoE lighting in commercial buildings. The commercial segment includes offices, retail shops and malls, healthcare facilities, educational institutions, stadiums (arenas), and hospitality facilities. Reducing energy consumption has become a major objective for building owners, governments, utilities, and many other stakeholders. Replacing existing lights with more energy-efficient lighting sources (e.g., LED) is one of the ways to reduce this massive pool of energy use, but it is a small-scale solution.

  5. MarketsandMarkets Presents The PoE Lighting Market in APAC projected to have the highest CARG during the forecast period (2021-2026) The PoE Lighting Market in APAC comprises China, Japan, Australia, South Korea, and the Rest of APAC, which primarily includes India, Indonesia, Singapore, Taiwan, Malaysia, Thailand, Vietnam, Bangladesh, and the Philippines. This region is expected to have the highest CAGR during the forecast period. It is expected to be the fastest-growing market for PoE lighting during the forecast period. The PoE lighting market has enormous growth potential in this region, as connected lighting systems are rapidly being adopted in various applications, especially in smart offices/workspaces. Lighting manufacturers based in China are giving fierce competition to companies based in North America and Europe.

  6. MarketsandMarkets Presents The PoE Lighting Market in APAC projected to have the highest CARG during the forecast period (2021-2026) Chinese cities are offering a perfect mix of cost-effective land, good infrastructure, and abundant workforce to attract investments in industrial development. China is expected to lead the PoE Lighting Market in APAC owing to the availability of cost-effective land for setting up manufacturing plants as well as for new constructions of commercial spaces, presence of multiple lighting manufacturers, and continuing growth in commercial and industrial buildings as well as smart offices. The country has expertise in manufacturing lighting equipment and adopts technologies at a faster rate than other nations in the region. Rapid economic growth in China, India, Japan, and South Korea is expected to propel the APAC PoE Lighting Market in the coming years.

  7. MarketsandMarkets Presents Key Players Some of the major companies in the PoE Lighting Market are Signify Holding (Philips Lighting) (Netherlands), Hubbell Inc. (US), Cisco Systems (US), H.E. Williams (US), Molex (Koch Industries) (US), Ubiquiti Networks Inc. (US), Siemon (US), Silvertel (UK), NETGEAR (US), Ideal Industries (Cree) (US), Herbert Waldmann GmbH & Co. Kg (Waldmann Lighting) (Germany), Prolojik (UK), Innovative Lighting (GENISYS) (US), Deco Lighting (US), Wipro Lighting (India), Axis Lighting (Canada), Igor Inc. (US), ALLNet GmbH (Germany) and NuLEDs (US). Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/power-over- ethernet-lighting-market-87276526.html

  8. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

  9. MarketsandMarkets Presents Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/power-over- ethernet-lighting.asp

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