The Power Over Ethernet Lighting Market is anticipated to develop at a CAGR of 30.6 % from 2021 to 2026, from USD 243 million in 2021 to USD 922 million in 2026. For PoE lighting, North America holds the greatest market share. However, APAC is anticipated to develop at the fastest rate throughout the projection period due to the constantly evolving nature of technology and consumer demands in high-potential regions like China, Japan, South Korea, and Australia. The PoE lighting market is showing a positive outlook as a result of technological developments, the rise of new business models, as well as new buildings in the region's developing cities. The expansion of the commercial and industrial sectors in APAC will further encourage the use of PoE lighting. Additionally, the expansion of end-use industries and rising government spending are helping the PoE Lighting Market in the region. The region's largest demand for PoE lighting is anticipated to be in China.
The PoE Lighting Market's market by wattage segment above 25 watts is anticipated to hold a bigger share during the forecast period.
In 2020, the market for power sources over 25 watts held a greater share and is anticipated to grow at a faster rate throughout the projection period. The aforementioned market is being driven by improved PoE standards as well as a rising demand for high input-powered lighting products. OEMs are developing integrated lighting solutions, which demand higher input power. In order to power the Power Devices, there is an increasing need for Power Source Equipment (PSE) with high output (PDs). High-wattage PoE lighting solutions are predicted to have increased market growth as a result of this. PoE lighting that is beyond 25 watts has various benefits, including better direct/indirect load support and more brightness and illumination. A flood of new PoE systems and IoT applications for lighting, plug loads, office workstations, device charging, and other applications are being created by the digital revolution.
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Commercial applications are anticipated to account for the biggest market share for PoE lighting throughout the anticipated timeframe.
In 2020, the PoE Lighting Market's commercial segment held the biggest market share. The usage of PoE lighting in business buildings is being driven by rising affordability and improved efficiencies. Offices, retail stores and malls, healthcare facilities, educational institutions, stadiums (arenas), and hotel facilities are all included in the commercial section. For building owners, governments, utilities, and many other stakeholders, cutting energy use has emerged as a top priority. One method to cut this enormous pool of energy use is to replace old lights with more energy-efficient lighting sources (like LEDs), although this is a modest solution. The expansion of the aforementioned market in the region is being fueled by the presence of significant PoE lighting solution providers as well as the rising demand for PoE lighting solutions in commercial offices.
During the forecast period, the PoE Lighting Market in APAC is anticipated to have the highest CARG (2021-2026)
China, Japan, Australia, South Korea, and the Rest of APAC—which predominantly consists of India, Indonesia, Singapore, Taiwan, Malaysia, Thailand, Vietnam, Bangladesh, and the Philippines—make up the PoE Lighting Market in APAC. During the projection period, this area is anticipated to have the greatest CAGR. During the projected period, it is anticipated to see the quickest growth in the PoE lighting market. As connected lighting systems are quickly gaining popularity across a wide range of applications, particularly in smart workplaces and workspaces, the PoE lighting market in this region has tremendous growth potential.
Chinese lighting makers are fiercely challenging North American and European businesses. Cities in China are providing the ideal combination of affordable land, excellent infrastructure, and a large labour pool to entice investments in industrial expansion. Due to the availability of affordable land for the construction of manufacturing facilities as well as new commercial buildings, the presence of numerous lighting manufacturers, and the ongoing expansion of commercial, industrial, and smart office buildings, China is predicted to lead the PoE Lighting Market in APAC. The nation is skilled in producing lighting equipment and embraces technology more quickly than other countries in the region. In the upcoming years, the APAC PoE Lighting Market is anticipated to grow rapidly in China, India, Japan, and South Korea.
Key Players
Signify Holding (Philips Lighting) of the Netherlands, Hubbell Inc. of the United States, Cisco Systems of the United States, H.E. Williams of the United States, Molex of Koch Industries of the United States, Siemon of the United States, Silvertel of the United Kingdom, NETGEAR of the United States, Ideal Industries of the United States, Cree of the United States, Waldmann Lighting of Germany, Prolojik of the United Kingdom, Innovative Lighting of the United States (GENISYS) (US).
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