Power Over Ethernet Lighting - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Power over Ethernet Lighting Market is accounted for $191.61 million in 2018 and is expected to reach $2,598.31 million by 2027 growing at a CAGR of 33.6% during the forecast period. Rising need for cost-effective lighting solutions and increasing penetration and decreasing cost of LEDs are the factors driving the growth of the market. However, High cost of PoE switches and requirement of additional equipment is restraining the market.
Power over Ethernet or PoE describes any of several standard or ad-hoc systems which pass electric power along with data on twisted pair Ethernet cabling. This allows a single cable to provide both data connection and electric power to devices such as wireless access points, IP cameras, and VoIP phones.
Among end users, industrial segment has a growing prominence in the near future. The industrial segment includes lighting in production halls, warehouses, representative rooms, and other indoor areas. The utilization of PoE can improve the execution of a smart lighting system in an office or industrial application. Industries and factories are now concentrating on energy-efficient lighting solutions attributable to the government regulations for energy saving. Along these lines, PoE lighting is among the favored solutions being adopted by them.
Based on geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to increasing infrastructure development projects being undertaken in the region, primarily in China, where smart lighting makes ready for the modernization of infrastructure. The industries present in this region are concentrating on the modernization of their spaces. This is further likely to make open doors for PoE lighting vendors.
Some of the key players in Global Power over Ethernet Lighting market include Ubiquiti Networks, Inc., The IBS Group LLC, Signify Holding (Philips Lighting N.V.), Nuleds, Molex (Koch Industries), Microsens (Euromicron AG), Microsemi Corporation (Microchip Technology Inc.), Leviton, Innovative Lighting (Genisys), Igor Inc., Ideal Industries (CREE), Hubbell Incorporated, Herbert Waldmann GmbH & Co. KG (Waldmann Lighting), H.E. Williams Company, Eaton Corporation, Deco Lighting, Cisco Systems, and Allnet GmbH.
• Greater Than 25 Watts
• Up to 25 Watts
• Software and Services
• Shopping Malls and Hotels
• Public Space
• Office and Industry
End Users Covered:
• North America
Rest of Europe
• Asia Pacific
Rest of Asia Pacific
• South America
Rest of South America
• Middle East & Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook