The Europe Power Over Ethernet (Poe) Lighting Market would witness market growth of 29.6% CAGR during the forecast period (2023-2030).
PoE-lighting systems are being used more often in office buildings, warehouses, and retail facilities in the industrial and commercial sectors. PoE lighting needs fewer Ethernet connections, less labor, and lower installation and maintenance costs. One of the main factors affecting the adoption of solutions in commercial settings is the reuse of existing IT networking infrastructure. An IP address is assigned to everything connected to the PoE smart building automation platform through Ethernet. These days, IoT and smart building management software can control and monitor it.
Installing and spreading new network connections is made straightforward by the flexibility provided by reusing old systems and not having to rely on plug sockets. A PoE network can also be simply expanded to accommodate the addition of more devices in other spaces or locations. The utilization of PoE is highly recommended for data collection. Facilities can use analytics software, for instance, to determine whether the space they are in charge of is occupied and if HVAC systems and LED lighting need to be turned on or off.
The urban population is expected to grow in all size classes between 2018 and 2030, while the rural population is expected to fall slightly, according to Trend Deck 2021: Urbanisation, issued by the UK government in June 2021. Additionally, the region is seeing a rapid surge in the development of smart cities. The development of smart cities will receive an additional EUR 500 million from Germany. Germany is spending a total of EUR 1,250 billion to promote creating and applying urban technologies. As a result of the expansion of smart city projects and the urbanization of this region, the market will expand in the coming years.
The Germany market dominated the Europe Power Over Ethernet (Poe) Lighting Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $303.7 million by 2030. The UK market is registering a CAGR of 28.5% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 30.6% during (2023 - 2030).
Based on Offering, the market is segmented into Hardware, Software, and Services. Based on Wattage, the market is segmented into Above 25 Watt, and Upto 25 Watt. Based on Application, the market is segmented into Industrial, Commercial, and Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Power Over Ethernet (Poe) Lighting Market is Projected to reach USD 5.1 Billion by 2030, at a CAGR of 30.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ALLNET GmbH, Axis Lighting, Inc., Cisco Systems, Inc., Herbert Waldmann GmbH & Co. KG, Hubbell Incorporated, Koch Industries, Signify N.V., Wipro Lighting (Wipro Enterprises Private Limited), H. E. Williams, Ideal Industries, Inc.
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