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

New York, United States, March 09, 2023 (GLOBE NEWSWIRE) -- Global Power over Ethernet (POE) LED Lighting Market worth $1,378.6 Million by 2030

According to a research report published by Spherical Insights & Consulting, The Global Power over Ethernet (POE) LED Lighting Market Size is to grow from USD 227 million in 2021 to USD 1,378.6 million by 2030, at a Compound Annual Growth Rate (CAGR) of 28.2% during the forecast period.

Key Insights

• 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

• The market is geographically divided into five regions: Europe, South America, the Asia-Pacific, North America, and the Middle East and Africa.

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The increasing penetration of high-tech lighting systems in smart buildings, falling LED costs, expanding use of PoE lighting solutions in commercial and healthcare applications, growing demand for cost-effective lighting solutions, expanding accessibility of intelligent and automated systems, and growing demand for sophisticated workplaces are the main factors propelling the power over Ethernet (POE) LED lighting market growth.

When we talk about Power over Ethernet (POE) LED Lighting, we're referring to the ability to power and communicate data between luminaires and software applications via an Ethernet cable. Power over Ethernet (POE) LED lighting connects, monitors, and controls LED light fixtures used in smart building systems by using Power over Ethernet technology. Smart power over Ethernet (POE) LED lighting helps to build owner’s health and environmental and environmental goals by lowering installation and operational expenses in half. When it comes to powering smart devices in a network, power over Ethernet (POE) LED lighting is a low-cost, dependable, and adaptable solution. It is required for smart buildings and their ecosystems of network-connected devices, such as lighting, window coverings, sensors, HVAC controllers, cameras, and security systems. Power over Ethernet (POE) LED lighting has advanced from supplying up to 25W of power over Ethernet cabling to supplying above 25. The quantity and variety of devices that can be powered and linked by power over Ethernet (POE) LED lighting have increased significantly as a result of that growth.

Browse key industry insights spread across 210 pages with 121 market data tables and figures & charts from the report “Global Power over Ethernet (POE) LED Lighting Market Size, Share, and 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 "Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/power-over-ethernet-poe-led-lighting

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 commercial sector consists of workplaces, malls, retail stores, hospitals, schools, arenas, stadiums, and lodging facilities. The presence of significant PoE lighting solution providers and the rising demand for PoE lighting solutions in commercial industries are driving the power over Ethernet (POE) LED lighting market expansion across the world.

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 analysis 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 rise in the demand for high input-powered lighting devices and improved PoE technologies are the major driving factors for the power over Ethernet (POE) LED lighting market. The development of integrated solutions in luminaires by OEMs is increasing input power requirements. As a result, high-wattage, above 25 watts PoE lighting solutions are expected to witness higher market growth.

Power over Ethernet (POE) LED Lighting Market Report Scope: -

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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. China is predicted to dominate the power over Ethernet (POE) LED lighting market in APAC due to its affordable land for manufacturing facilities and new commercial building construction, the existence of several lighting manufacturers, and the ongoing expansion of commercial, industrial, and smart office buildings.

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

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
• Other

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Recent Developments

• 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.

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About the Spherical Insights 

Spherical Insights 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. 

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