According to SPER Market Research, the Power Over Ethernet Lighting Market is estimated to reach USD 4.67 billion by 2032 with a CAGR of 30.83%. Lighting solutions powered by Ethernet considerably increase light quality, extend the life of the bulb, and consume less energy. In a PoE lighting platform, Ethernet connections are used to power lights and communicate data between the luminaire and the control software. They also employ motion sensors to identify human presence and notify network turnoff when not in use in order to collect information, such as the location of a campus. Users are able to remotely access lighting platforms and systems thanks to PoE smart technology, which connects LED light sources to the internet. A single network cable is used for PoE to power devices. Using this technology, end users can send data and power straight from power source equipment, such as switches, to the network port of connected powered devices.
Power Over Ethernet Lighting Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 30.83%
- Forecast Market Size (2032): 4.67 billion
The technology of Power over Ethernet (PoE) lighting allows for the powering and controlling of lighting systems using Ethernet cables and is experiencing global expansion. This technology offers various benefits such as energy efficiency, cost reduction, and simplified installation and management. Market growth is fueled by several factors, including the growing demand for energy-efficient lighting, the widespread adoption of smart building technologies, and the increasing need for affordable and easily managed lighting solutions. Additionally, there is a growing emphasis on reducing carbon emissions and improving sustainability, which is driving market expansion.
Impact of COVID-19 on the Power Over Ethernet Lighting Market
The global market for Power over Ethernet (PoE) lighting has been significantly impacted by the COVID-19 pandemic. PoE lighting is a type of technology that facilitates the powering and management of lighting systems through Ethernet cables, providing advantages such as cost-effectiveness, energy efficiency, and simplified installation and control. One of the foremost repercussions of the pandemic on the PoE lighting market has been a decline in demand as a result of disruptions in the construction and refurbishment sectors, which are critical factors driving the market. Due to the pandemic, many companies and organizations have either scaled back their operations or ceased operations completely, leading to a reduced need for new building constructions or renovations, and, therefore, less demand for PoE lighting systems.
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Power Over Ethernet Lighting Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ALLNet GmbH, Axis Lighting, Cisco Systems, H.E. Williams, Herbert Waldmann GmbH & Co. Kg, Hubbell Inc., Ideal Industries, NETGEAR, Prolojik, Silvertel, Ubiquiti Networks Inc., Wipro Lighting.
Power Over Ethernet Lighting Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
- LED Luminaries
- Lighting Controls
- Software and Services
- Above 25 Watt
- Up to 25 Watt
- Middle East & Africa
- North America
- Latin America
The nation adopts technology more quickly than other nations in the region and specialises in the production of lighting equipment. In the upcoming years, the APAC PoE lighting market is anticipated to grow quickly because to the rapid economic development of China, Japan, India, and South Korea. Chinese cities provide investments in industrial growth by giving cheap land, adequate infrastructure, and a huge workforce. In terms of income, North America is ranked second for power over ethernet lighting. The main market growth engines are the US, Canada, and Mexico. The PoE lighting market is dominated by North America. The third-largest market for power over ethernet lighting worldwide is Europe. The industry, however, is anticipated to grow at the fastest rate when compared to other sectors. This is a result of the large company’s expansion strategy and the expanding number of businesses in the area.
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