The Europe Power Over Ethernet Market would witness market growth of 20% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Power Over Ethernet Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $320 million by 2031. The UK market is exhibiting a CAGR of 18.9% during (2024 - 2031). Additionally, The France market would experience a CAGR of 21.1% during (2024 - 2031).
One of the primary factors driving the market is the increasing prevalence of Internet of Things (IoT) devices in a variety of sectors. IoT devices require continuous power and data connectivity, making PoE an ideal solution for powering and managing these systems.
Moreover, the advantages of PoE extend beyond IoT devices to other sectors, including telecommunications, healthcare, and education. PoE is employed in the telecommunications industry to supply power to network devices, including routers, switches, and wireless access points, which are essential for the purpose of facilitating high-speed data transmission.
Across Europe, the adoption of PoE technology is steadily increasing as governments and businesses seek efficient, scalable, and cost-effective solutions to meet their digital and energy needs. The region's focus on sustainability, particularly through the European Union's Green Deal, has propelled the demand for energy-efficient technologies like PoE. Europe's dedication to digital transformation and smart city initiatives in a variety of sectors, such as telecommunications, healthcare, and education, has established a favorable environment for PoE expansion. For example, Scalable Cities is an initiative of the European Commission to create an innovative, sustainable, and city-led community of smart and climate-neutral cities in Europe.
Free Valuable Insights: The Global Power Over Ethernet Market will Hit USD 5.0 Billion by 2031, at a CAGR of 20.4%
Based on Type, the market is segmented into Power Sourcing Equipment Controllers and ICs and Powered Device Controllers and ICs. Based on End Use, the market is segmented into Commercial, Industrial, and Residential. Based on Application, the market is segmented into Connectivity, Security and Access Control, Infotainment, LED Lighting and Control, and Other Application. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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