The North America Power over Ethernet Chipsets Market would witness market growth of 11.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Power over Ethernet Chipsets Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $428.5 million by 2031. The Canada market is experiencing a CAGR of 13.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12.9% during (2024 - 2031).
The Power over Ethernet chipsets market is witnessing rapid growth as industries, governments, and consumers increasingly adopt Power over Ethernet (PoE) technology for its unparalleled ability to deliver power and data over a single Ethernet cable. This innovation has fundamentally transformed how devices are powered and connected, offering a more streamlined, cost-effective, and scalable solution than traditional methods.
One of the primary drivers of the market is the growing adoption of IoT devices. The Internet of Things (IoT) has expanded its presence across industries, requiring robust and reliable power and data connectivity. Devices like smart thermostats, connected lighting systems, and intelligent security cameras depend on optimal power delivery. PoE technology addresses this need by eliminating the requirement for separate power sources, reducing installation complexities, and enabling devices to operate in remote or inaccessible areas.
Federal support for smart city initiatives has significantly impacted the market in the United States. Programs like the Smart Cities and Communities Framework under the U.S. Department of Transportation and the National Institute of Standards and Technology (NIST) aim to integrate connected technologies, including PoE systems, into urban infrastructure. PoE chipsets facilitate energy-efficient solutions for traffic management, public safety, and advanced lighting systems in urban areas. In Canada, the growing adoption of building automation systems (BAS) has emerged as a key driver for PoE chipsets. The Canadian government’s focus on energy efficiency and carbon emissions reduction has led to a surge in smart buildings utilizing PoE technology to power and manage BAS, including HVAC, lighting, and security systems. Initiatives such as the Energy Efficiency Regulations under Natural Resources Canada and the Green Building Program encourage energy-efficient technologies in commercial buildings. Therefore, as the adoption of smart building technologies and IoT-connected systems continues to grow across the region, North America is poised for significant expansion in the market.
Free Valuable Insights: The Power over Ethernet Chipsets Market is Predict to reach USD 1.63 Billion by 2031, at a CAGR of 12.0%
Based on Standard, the market is segmented into 802.3at standard, 802.3bt standard, and 802.3af standard. Based on End-user, the market is segmented into Industrial, Commercial, and Residential. Based on Type, the market is segmented into PoE Powered Devices (PD) Chipset, and PoE Power Sourcing Equipment (PSE) Chipset. Based on Device Type, the market is segmented into Ethernet Switch & Injector, Network Cameras, LED lighting, VoIP Phone, Wireless Radio Access Point, and Other Device Type. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Standard
By End-user
By Type
By Device Type
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 