According to a new report, published by KBV research, The Global Power Over Ethernet Market size is expected to reach $5.0 billion by 2031, rising at a market growth of 20.4% CAGR during the forecast period.
The Powered Device Controllers and ICs segment is anticipating a CAGR of 21.1% during (2024 - 2031). Power sources, including IP cameras, VoIP phones, wireless access points, and smart lighting systems, depend on PD controllers to obtain power via the Ethernet connection. With the growing adoption of these devices across industries such as healthcare, education, and telecommunications, the demand for PD controllers continues to rise. This segment benefits from the expansion of smart city projects, where powered devices are increasingly used for applications like traffic management, public safety, and environmental monitoring.
The Commercial segment is leading the Global Power Over Ethernet Market by End Use in 2023; thereby, achieving a market value of $2.8 billion by 2031. This dominance is due to the pervasive adoption of PoE technology in government buildings, educational institutions, hospitals, retail spaces, and offices. The increasing use of PoE for powering devices such as VoIP phones, surveillance cameras, and wireless access points in smart offices and commercial spaces has driven significant demand. The ongoing digital transformation in businesses, coupled with the expansion of smart buildings and connected workspaces, further fueled the growth of this segment.
The Connectivity segment is registering a CAGR of 18.9% during (2024 - 2031). Organizations must implement resilient connectivity solutions to guarantee secure and high-speed communication among networked devices considering the proliferation of IoT devices, cloud computing, and remote work. PoE technology simplifies the deployment of these connectivity solutions by enabling both power and data to be delivered over a single Ethernet cable. This significantly reduces installation costs and complexity, particularly in large enterprises and smart building projects where scalable, flexible network infrastructure is essential.
Full Report: https://www.kbvresearch.com/power-over-ethernet-market/
The North America region dominated the Global Power Over Ethernet Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.6 billion by 2031. The Europe region is experiencing a CAGR of 20% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 21% during (2024 - 2031).
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