According to a new report, published by KBV research, The Global Power Over Ethernet (Poe) Lighting Market size is expected to reach $5.1 billion by 2030, rising at a market growth of 30.2% CAGR during the forecast period.
The Software segment is showcasing a CAGR of 30.8% during (2023 - 2030). PoE lighting refers to the Ethernet cable's capacity to transmit data between the luminaire and the control software segment and power light fixtures (light fixtures). When the proper appliances are connected to an Ethernet cable, dimming, pacing, illumination color, daylight harvesting, etc., can be used to optimize performance and comfort. A single Ethernet cable may power and monitor several PoE light fixtures simultaneously with the help of contemporary software frameworks.
The Above 25 Watt segment is leading the Global Power Over Ethernet (Poe) Lighting Market by Wattage in 2022; thereby, achieving a market value of $3 billion by 2030. Improved PoE standards and increasing demand for high-input lighting devices drive the market. OEMs are developing integrated solutions for luminaires, which require more input power. Consequently, there is an increasing requirement for PSE with large outputs to power powered devices. The demand for high-wattage PoE lighting systems is anticipated to grow.
The Commercial segment has shown the high growth rate of 30.4% during (2023 - 2030). The commercial segment comprises workplaces, malls, retail shops, educational institutions, arenas, stadiums, and lodging facilities. Reducing energy consumption has become a top priority for building proprietors, governments, utilities, and numerous other stakeholders. Replacing existing lights with more energy-efficient lighting sources (e.g., LED) is one method to reduce this massive pool of energy consumption.
The North America market dominated the Global Power Over Ethernet (Poe) Lighting Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.9 billion by 2030. The Europe market is anticipated to grow at a CAGR of 29.6% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 31.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/power-over-ethernet-lighting-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Offering
By Wattage
By Application
By Geography
Companies Profiled
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