DUBLIN–(BUSINESS WIRE)–The “Power over Ethernet Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Type and Powered Devices; Application; End User, and Geography” report has been added to ResearchAndMarkets.com’s offering.
The global Power over Ethernet market was valued at US$ 820.4 million in 2019 and is expected to grow at a CAGR of 11.20% from 2019 to 2027 during the forecast period to reach US$ 1,917.4 million by 2027.
The popularity of LED lighting has grown at an unprecedented rate during the past few years owing to the falling price of LED and rising technological advancements. Moreover, an increasing need for energy-savings through efficient lighting is phasing down the adoption of fluorescent and incandescent lighting, which, in turn is fuelling the demand for LED lighting worldwide.
As per the International Energy Agency (IEA) statistics, the global uptake of LED lighting in the residential sector rose from 5% in 2013 to 40% in 2018. The LED lighting solutions are considered highly durable and have a lower environmental footprint; moreover, they are cost-efficient and have longer lifespan. Furthermore, government initiatives to phase out inefficient halogen lamps, fluorescent lights and introduce minimum quality standards for LED lighting that are integrated with the Power over Ethernet.
Several market players are focusing on the development of LED lighting and connecting it with the Power over Ethernet technology. For instance, Wipro Lighting offers POE-based solutions integrated with the LED lighting technology, facilitating customizable environments for data centers, modern workspaces, education, healthcare, and retail segments. This POE-based LED lighting offers varied options for centralized and distributed architectures, which provides flexibility to either mount the related switches in an IDF/ electrical panel room or the ceiling. Such developments and facilities related to POE-based LED lighting are propelling the growth of the POE market.
The global PoE market is segmented based on type, application, and end user. Based on type, the PoE market is segmented into Power Sourcing Equipment (PSE) and Powered Devices (PDs). Based on application, the market is segmented into IoT connectivity, lighting control, infotainment, access control and security, communication applications, and others. Based on end user, the market is segmented into residential, commercial, and industrial.
Based on geography, the Power over Ethernet market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2019, North America held the largest share of the market, followed by Europe and APAC. The market in APAC is projected to grow at the fastest CAGR during 2020-2027.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Power over Ethernet Market Landscape
5. Power over Ethernet Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Mounting Adoption of Connected Devices
5.1.2 Power over Ethernet (PoE) in Building Automation and Digital Building Applications
5.2 Market Restraints
5.2.1 Lack of Standardization in Connectivity Protocols
5.2.2 Fluctuating Prices of Raw Materials
5.3 Market Opportunities
5.3.1 Increasing Adoption of LED Lighting with Supportive Government Initiatives
5.4 Future Trends
5.4.1 Emergence of Smart Cities
5.5 Impact Analysis of Drivers and Restraints
6. Power over Ethernet Market – Global Analysis
7. Power over Ethernet Market Analysis – By Type
8. Power over Ethernet Market Analysis – By Application
9. Power over Ethernet Market Analysis – By End User
10. Power over Ethernet Market – Geographic Analysis
11. Impact of COVID-19 Pandemic on Power over Ethernet Market
12. Industry Landscape
13. Company Profiles
Broadcom, Inc. Cisco Systems, Inc Dell Inc Huawei Technologies Co., Ltd Maxim Integrated Products, Inc STMicroelectronics N.V. Texas Instruments Incorporated Silicon Laboratories, Inc ON Semiconductor Corporation Monolithic Power Systems, Inc For more information about this report visit https://www.researchandmarkets.com/r/i10tfk
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