Home > Semiconductors & Electronics > Lighting > Power Over Ethernet Lighting Market

Power Over Ethernet Lighting Market Analysis

  • Report ID: GMI8169
  • Published Date: Feb 2024
  • Report Format: PDF

Power Over Ethernet Lighting Market Analysis

Based on end use, the market is segmented into commercial, industrial, residential, and others. The commercial segment accounted for a market share of over 40% in 2023.

  • The growing popularity of PoE lighting in commercial spaces, such as offices, retail stores, and hotels, is attributed to its energy efficiency, low cost, and ease of installation. The demand for smart building solutions is spurring the adoption of PoE lighting systems, which integrate seamlessly with building automation and IoT devices. The emphasis on improving occupant comfort, productivity, and well-being in commercial environments is promoting the adoption of PoE lighting due to its customizable features.
  • As businesses prioritize sustainability and operational efficiency, PoE lighting emerges as a compelling solution, thereby fueling the growth of the commercial segment in the PoE lighting market.

Power Over Ethernet Lighting Market Share, By Component, 2023

Based on component, the market is segmented into hardware and software. The hardware segment is estimated to register a significant CAGR of over 18.5% between 2024 to 2032.

  • Hardware components required for Power Over Ethernet (PoE) lighting including luminaires (light fixtures), PoE switches, Ethernet cables, Power Sourcing Equipment (PSE), and Power Devices (PD) have the potential to grow significantly. As the demand for PoE lighting solutions surges due to factors, such as increased adoption of LED lighting, smart building technologies, and sustainability initiatives, the market for these hardware components is expected to expand.
  • Businesses seeking to modernize their lighting infrastructure with PoE systems will raise the demand for PoE-compatible luminaires, PoE switches that can deliver power & data, high-quality Ethernet cables, and dependable PSE & PD devices. This growth trajectory highlights the critical role of hardware components in the advancement of PoE lighting technologies.

U.S. Power Over Ethernet Lighting Market Size, 2021-2032, (USD Million)

North America held a significant share of over 30% in the global power over ethernet lighting market in 2023. The region's strong technological infrastructure and early adoption of smart building solutions foster a favorable environment for PoE lighting implementation. Rising investments in energy-efficient lighting solutions, combined with stringent regulations encouraging sustainability, are also propelling the adoption of PoE lighting systems. Furthermore, the presence of key market players and a rising awareness about the benefits of PoE technology will contribute to the PoE lighting market's expected growth in North America.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for power over ethernet lighting surpassed USD 260 million in 2023 and is set to expand at over 19% CAGR between 2024 and 2032 driven by rising need to improve operational efficiency, enhance the user experience, and lower energy costs

Power over ethernet lighting industry from the hardware segment is anticipated to generate substantial revenue at over 18.5% growth rate between 2024 to 2032 as businesses are modernizing their lighting infrastructure with advanced lighting technologies.

North America industry accounted for over 30% revenue share in 2023 and is set to expand at a notable CAGR from 2024-2032 driven by the strong technological infrastructure and early adoption of smart building solutions in the region.

Leading power over ethernet lighting industry players are Analog Devices, Inc., Cisco Systems, Inc., Digital Lumens, Inc., H.E. Williams, Inc., Hubbell Incorporated, Ideal Industries, Inc., Igor Inc., Molex, LLC, NuLEDs, Inc., Silvair, Inc., STMicroelectronics, Texas Instruments Incorporated, Ubiquiti Inc., Versa Technology Inc., and Zumtobel Group AG, among others.

Power Over Ethernet Lighting Market Scope

Buy Now

Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 313
  • Countries covered: 22
  • Pages: 250
 Download Free Sample