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 residential segment is embracing PoE lighting due to its capacity to provide adaptable lighting experiences and interact with smart home automation systems, boosting convenience and energy efficiency for homeowners. Therefore, the residential segment would capture approximately 1/4th share of the market by 2030. By enabling homeowners to remotely control and manage numerous parts of their home environment, smart homes provide convenience. These innovations improve the efficiency of daily tasks by saving time and energy. Some of the factors impacting the market are low operating costs propelling deployment in commercial and industrial use cases, advancements in PoE technology, and high upfront PoE equipment and accessory costs.
Power over Ethernet (PoE) delivers power and network connectivity to devices through a single network cable. PoE solutions simplify and reduce the cost of network installation and growth, especially in structures where the cost or inconvenience of adding new power lines precludes their installation. Industrial sectors and commercial structures like office buildings, warehouses, and retail buildings are increasingly choosing PoE-enabled solutions because they offer lower installation and maintenance costs, lower overall design and construction costs, and less labor effort due to the few Ethernet cables required. Because data networking switches exist and can support thousands of endpoints, PoE is mostly used in commercial applications. The Internet of Things (IoT) is still enhancing the commercial systems in offices, malls, and even warehouses with intelligence. Modern marvels such as smart workplaces improve workspace while using less energy. Wireless connectivity is utilized in malls and stadiums to improve customer service and monitor occupancy. Asset tracking in warehouses is constantly evolving due to sensors and RF tags. Batteries can last for years in some systems, but in applications consuming more power, including an access point, they rapidly become a limitation. This issue is resolved by power over Ethernet (PoE), which uses a single cable to deliver both power and data. In light of this enhancement in PoE technology, the market is estimated to grow.
However, setting up a PoE network requires a substantial initial investment of capital. The high cost of PSE (Power Sourcing Equipment)-using Ethernet switches compared to their traditional counterparts and the expense of maintaining PSE are the main causes of this. In addition, any additional apparatus, such as switches, injectors, splitters, Ethernet cables, and PoE jacks, are required for installing PoE lighting. The price of acquiring these components further increases the overall upfront costs. This is one of the main obstacles preventing the adoption of PoE lighting. A significant obstacle to the market's ability to grow in revenue is the fact that the cost of purchasing these components is also included in the total initial costs.
Based on wattage, the market is categorized into upto 25 watt, above 25 watt. The upto 25-watt segment acquired a substantial revenue share in the market in 2022. Power over Ethernet (PoE) LED illumination has progressed from supplying upto 25W of power over Ethernet cabling to supplying above 25W. This rise has resulted in a huge increase in the quantity and variety of devices that may be powered and connected using power over Ethernet (PoE) LED lighting. It is essential for smart buildings and their ecosystems of network-connected appliances, including lighting, window coverings, sensors, HVAC controllers, cameras, and security systems.
By offering, the market is segmented into hardware, software and services. In 2022, the hardware segment held the highest revenue share in the market. Due to its popularity in the commercial and industrial sectors, where high-intensity light emitting diode (LED) lighting is required, and its small size and flexibility, power over ethernet lighting is predicted to maintain its position throughout the forecast period.
On the basis of application, the market is categorized into commercial, residential, and industrial. In 2022, the industrial segment garnered a significant revenue share in the market. Data and electrical power can be sent across Ethernet cables, which are generally used for network connections, owing to the Power over Ethernet (PoE) technology. PoE lighting equipment is one of the areas where it can have significant effects because it has gained popularity in the lighting industry as a more effective and adaptable way to power and control lighting systems.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 646.9 Million |
| Market size forecast in 2030 | USD 5.1 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 30.2% from 2023 to 2030 |
| Number of Pages | 229 |
| Number of Table | 340 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Offering, Wattage, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region acquired a significant revenue share in the market. The segment is growing due to a significant increase in investment by key players in the use of the Internet of Things (IoT) and connectivity for small, medium, and large manufacturers in rural and urban areas throughout the region. China is anticipated to become a significant market in the Asia-Pacific.
Free Valuable Insights: Global Power Over Ethernet (Poe) Lighting Market size to reach USD 5.1 Billion by 2030
The market research report covers the analysis of key stakeholders 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.
By Offering
By Wattage
By Application
By Geography
The Market size is projected to reach USD 5.1 billion by 2030.
Advancements in PoE technology are driving the Market in coming years, however, High upfront PoE equipment and accessory costs restraints the growth of the Market.
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.
The Commercial segment has shown the high growth rate of 30.4% during (2023 - 2030).
The Above 25 Watt segment is leading the Market by Wattage in 2022; thereby, achieving a market value of $3 billion by 2030.
The North America market dominated the 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.
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