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Power Over Ethernet Lighting Market Trends

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

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Power Over Ethernet Lighting Market Trends

The increasing popularity of LED lighting owing to its energy efficiency and long lifespan is boosting the demand for PoE lighting solutions. The increasing number of smart and automated building systems has generated interest in PoE technology owing to its seamless compatibility with Internet of Things (IoT) devices and building management systems. Businesses seeking versatile lighting options are particularly drawn to PoE systems due to their adaptability and scalable features. Furthermore, the growing emphasis on sustainability and eco-friendly initiatives is increasing the appeal of PoE lighting owing to its ability to save energy. For instance, in November 2022, Analog Devices, Inc. announced the world’s first Single-pair Power over Ethernet (SPoE), Power Sourcing Equipment (PSE), and Power Device (PD) solutions to help customers increase the level of intelligence in smart buildings, enhance factory automation, and drive other applications at the edge of traditional networks. The offerings facilitate powered, last-mile connectivity for factory and building automation through real-time power management, telemetry, extremely low standby power consumption, and ease of installation.

The centralized control and data analytics capabilities of PoE lighting systems enable efficient management of energy consumption and improved user satisfaction. PoE technology's versatility in a variety of industries including commercial, healthcare, and education is driving wide adoption. Businesses are increasingly recognizing the benefits of upgrading their lighting infrastructure with PoE solutions to improve operational efficiency and meet the changing industrial needs.

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.