Power Over Ethernet Lighting Market Size & Share, By Component (Hardware, Software), Wattage (Up To 25 Watts, Above 25 Watts), End Use (Commercial, Industrial, Residential), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Power Over Ethernet Lighting Market surpassed USD 267.8 Million in 2023 and is predicted to exceed USD 1.34 Billion by end of the year 2032, growing at over 19.6% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 267.8 Million
• CAGR (2024-2032): 19.6%
• Forecast Year Value (2032): USD 1.34 Billion
• Historical Data Period: 2019-2023
• Largest Region: North America
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

One major growth driver for the Power Over Ethernet Lighting Market is the increasing demand for energy-efficient lighting solutions. With growing concerns over environmental sustainability and rising energy costs, there is a growing preference for LED lighting solutions powered by Ethernet. These systems not only offer significant energy savings but also enable advanced controls and automation, leading to improved overall efficiency.

Another key growth driver for the Power Over Ethernet Lighting Market is the increasing adoption of smart building technologies. As organizations strive to optimize their operations and create more comfortable and productive environments, there is a growing interest in integrating lighting systems with other building automation systems. Power Over Ethernet technology allows for seamless integration with IoT devices, enabling advanced functionalities such as occupancy sensing, daylight harvesting, and centralized control.

Furthermore, the growing trend towards digitization and connectivity in buildings is expected to drive the demand for Power Over Ethernet lighting solutions. As more buildings become smart and connected, there is a growing need for reliable and flexible lighting systems that can be easily integrated with other smart building technologies. Power Over Ethernet lighting offers a convenient and cost-effective solution that aligns well with the increasing connectivity requirements of modern buildings.

Report Scope

Report Coverage	Details
Segments Covered	Component, Wattage, End Use
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Analog Devices, Cisco Systems, Cree, Current, powered by GE, Digital Lumens, H.E. Williams, Hubbell Incorporated, Ideal Industries, Igor, Innovative Lighting, Molex, LLC, Monolithic Power Systems, NuLEDs, Signify, Silvair, STMicroelectronics, Texas Instruments Incorporated, Ubiquiti, Versa Technology, Zumtobel Group AG,

Industry Restraints:

One major restraint for the Power Over Ethernet Lighting Market is the initial high installation costs. While Power Over Ethernet lighting systems offer long-term savings in terms of energy efficiency and maintenance, the upfront costs of implementing such systems can be prohibitive for some organizations. The need for specialized infrastructure and equipment, as well as professional installation services, can pose a barrier to adoption for some potential customers.

Another significant restraint for the Power Over Ethernet Lighting Market is the limited industry standards and interoperability. As the market for Power Over Ethernet lighting solutions continues to evolve and expand, there is a lack of standardized protocols and interfaces, which can hinder compatibility and interoperability between different products and systems. This lack of standardization can create challenges for customers looking to implement integrated smart building solutions that require seamless communication between various devices and systems.

Regional Forecast:

North America:

In North America, the Power over Ethernet (PoE) lighting market is experiencing significant growth due to the increasing adoption of smart lighting solutions in commercial and residential buildings. The United States and Canada are the key markets driving the demand for PoE lighting technology in the region. The U.S. is leading the market with a high adoption rate of advanced lighting solutions in smart buildings and offices.

The PoE lighting market in North America is also witnessing growth due to the presence of major market players such as Cisco Systems, Inc., Cree, Inc., and Philips Lighting. These companies are continuously innovating and introducing new PoE lighting solutions to cater to the increasing demand from customers.

Asia Pacific:

In Asia Pacific, countries such as China, Japan, and South Korea are witnessing a surge in demand for PoE lighting solutions. China, in particular, is one of the fastest-growing markets for PoE lighting technology due to the rapid urbanization and government initiatives promoting energy-efficient lighting solutions.

Japan and South Korea are also driving the growth of the PoE lighting market in Asia Pacific with the increasing adoption of smart lighting in commercial and residential buildings. The advancement in technologies such as Internet of Things (IoT) and cloud computing is further fueling the demand for PoE lighting solutions in the region.

Europe:

In Europe, countries such as the United Kingdom, Germany, and France are embracing PoE lighting technology to improve energy efficiency and reduce operating costs. The U.K. is leading the market in Europe with a high adoption rate of smart lighting solutions in commercial and public buildings.

Germany and France are also key markets for PoE lighting in Europe, with the increasing focus on sustainability and green building initiatives. The implementation of stringent regulations and standards for energy-efficient lighting solutions is driving the demand for PoE lighting technology in the region.

Segmentation Analysis:

In terms of segmentation, the global power over ethernet lighting market is analyzed on the basis of Component, Wattage, End Use.

Hardware Segment Analysis

The hardware segment in the Power Over Ethernet (PoE) lighting market accounts for a significant portion of the market share. This segment includes components such as PoE switches, PoE lighting fixtures, and other necessary hardware for the implementation of PoE lighting systems. The increasing demand for energy-efficient lighting solutions, coupled with the ease of installation and maintenance offered by PoE lighting systems, is driving the growth of the hardware segment. Commercial and industrial end users are particularly keen on adopting PoE lighting systems due to their ability to reduce energy costs and improve lighting quality.

Software Segment Analysis

While hardware components play a crucial role in PoE lighting systems, the software segment is also gaining traction in the market. Software solutions for PoE lighting systems include lighting control software, monitoring and analytics tools, and integration platforms for smart building management systems. These software solutions enhance the functionality and performance of PoE lighting systems, providing users with greater flexibility and control over their lighting environment. The software segment is expected to grow as more commercial and industrial buildings adopt smart lighting solutions for energy efficiency and cost savings.

Wattage Segment Analysis

The wattage segment in the PoE lighting market is classified into two categories: up to 25 watts and above 25 watts. The up to 25 watts segment is witnessing a higher adoption rate due to its suitability for general lighting applications such as offices, retail stores, and educational institutions. On the other hand, the above 25 watts segment is preferred for high-intensity lighting requirements in industrial and outdoor settings. The increasing demand for energy-efficient lighting solutions in both segments is driving the overall growth of the PoE lighting market.

End Use Segment Analysis

The PoE lighting market is segmented based on end use into commercial, industrial, and residential sectors. The commercial sector, including offices, retail spaces, and healthcare facilities, holds the largest market share due to the increasing adoption of smart lighting solutions for energy efficiency and improved productivity. The industrial sector is also witnessing significant growth, driven by the preference for reliable and long-lasting lighting systems in manufacturing plants and warehouses. The residential sector, although a smaller segment, is expected to grow as homeowners seek energy-efficient lighting solutions for their living spaces

Competitive Landscape:

The Power Over Ethernet (PoE) Lighting market is highly competitive with various players vying for market share and innovation in this rapidly expanding industry. The competition is primarily driven by factors such as technological advancements, product quality, pricing strategies, and overall market presence. Some key players in the PoE Lighting market include Philips Lighting, Cree Inc., Eaton Corporation, General Electric Company, Hubbell Incorporated, Zumtobel Group, NuLEDs, Igor Inc., Illumra, and PlanLED. These companies are at the forefront of the market, offering a wide range of PoE lighting solutions and services to meet the growing demand for energy-efficient and smart lighting systems. The intense competition among these top market players has resulted in a dynamic market landscape with continuous product innovations and strategic partnerships to gain a competitive edge.