Power Over Ethernet Lighting Market Overview by Region, Type, Application and Forecast To 2026

1
MarketsandMarkets Presents
The Power Over Ethernet Lighting Market is
projected to reach USD 922 million by 2026 from
USD 243 million in 2021 it is expected to grow
at a CAGR of 30.6 from 2021 to 2026. North
America has the largest market share for PoE
lighting. Whereas, APAC is expected to witness
the highest growth during the forecast period
owing to the rapidly changing face of technology
and customer needs in high-potential markets such
as China, Japan, South Korea, and Australia. Due
to advancements in technology and the emergence
of new business models as well as new
constructions in the developing cities of the
region, the PoE lighting market is exhibiting an
upbeat outlook.
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MarketsandMarkets Presents
The booming commercial and industrial sectors
would further fuel the adoption of PoE lightings
in APAC. Furthermore, growth in end-use sectors
and mounting investments from government bodies
are also favoring the growth of the PoE Lighting
Market in the region. China is projected to
witness the highest demand for PoE lighting in
the region.
3
MarketsandMarkets Presents
The above 25-watt segment, in the market by
wattage, of the PoE Lighting Market, is projected
to account for a larger share during the forecast
period. The market for above 25 watts accounted
for a larger share in 2020 and is expected to
record a higher CAGR during the forecast period.
Improved PoE standards coupled with the growing
demand for high input-powered devices for
lighting are driving the said market. OEMs are
coming up with integrated solutions in
luminaires, which require more input power. Thus,
there is a growing requirement for Power Source
Equipment (PSE) with high output to power the
Power Devices (PDs). This is further expected to
propel the market for high-wattage PoE lighting
systems.
4
MarketsandMarkets Presents
The above 25-watt segment, in the market by
wattage, of the PoE Lighting Market, is projected
to account for a larger share during the forecast
period. PoE lighting of above 25 watts offers
many advantages, such as greater brightness and
illumination, and support for more
direct/indirect loads. The digital revolution is
generating a wave of emerging PoE systems and IoT
applications for lighting, plug loads, office
workstations, device charging, and other
applications. Download PDF Sample _at_
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5
MarketsandMarkets Presents
In Applications, the commercial segment projected
to hold the largest share of the PoE Lighting
Market during the forecast period The commercial
segment accounted for the largest share of the
PoE Lighting Market in 2020. Growing
affordability and higher efficiencies are driving
the use of PoE lighting in commercial buildings.
The commercial segment includes offices, retail
shops and malls, healthcare facilities,
educational institutions, stadiums (arenas), and
hospitality facilities. Reducing energy
consumption has become a major objective for
building owners, governments, utilities, and many
other stakeholders. Replacing existing lights
with more energy-efficient lighting sources
(e.g., LED) is one of the ways to reduce this
massive pool of energy use, but it is a
small-scale solution.
6
MarketsandMarkets Presents
The PoE Lighting Market in APAC projected to have
the highest CARG during the forecast period
(2021-2026) The PoE Lighting Market in APAC
comprises China, Japan, Australia, South Korea,
and the Rest of APAC, which primarily includes
India, Indonesia, Singapore, Taiwan, Malaysia,
Thailand, Vietnam, Bangladesh, and the
Philippines. This region is expected to have the
highest CAGR during the forecast period. It is
expected to be the fastest-growing market for PoE
lighting during the forecast period. The PoE
lighting market has enormous growth potential in
this region, as connected lighting systems are
rapidly being adopted in various applications,
especially in smart offices/workspaces. Lighting
manufacturers based in China are giving fierce
competition to companies based in North America
and Europe.
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MarketsandMarkets Presents
The PoE Lighting Market in APAC projected to have
the highest CARG during the forecast period
(2021-2026) Chinese cities are offering a perfect
mix of cost-effective land, good infrastructure,
and abundant workforce to attract investments in
industrial development. China is expected to lead
the PoE Lighting Market in APAC owing to the
availability of cost-effective land for setting
up manufacturing plants as well as for new
constructions of commercial spaces, presence of
multiple lighting manufacturers, and continuing
growth in commercial and industrial buildings as
well as smart offices. The country has expertise
in manufacturing lighting equipment and adopts
technologies at a faster rate than other nations
in the region. Rapid economic growth in China,
India, Japan, and South Korea is expected to
propel the APAC PoE Lighting Market in the coming
years.
8
MarketsandMarkets Presents
Key Players Some of the major companies in the
PoE Lighting Market are Signify Holding (Philips
Lighting) (Netherlands), Hubbell Inc. (US), Cisco
Systems (US), H.E. Williams (US), Molex (Koch
Industries) (US), Ubiquiti Networks Inc. (US),
Siemon (US), Silvertel (UK), NETGEAR (US), Ideal
Industries (Cree) (US), Herbert Waldmann GmbH
Co. Kg (Waldmann Lighting) (Germany), Prolojik
(UK), Innovative Lighting (GENISYS) (US), Deco
Lighting (US), Wipro Lighting (India), Axis
Lighting (Canada), Igor Inc. (US), ALLNet GmbH
(Germany) and NuLEDs (US). Browse For More
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MarketsandMarkets Presents
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MarketsandMarkets Presents
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