admin . Jul 7 . 7 min read
Ethernet continues to spread rapidly in the telecommunications and data networking space. The technology has become the fundamental backbone of networks for supporting server virtualization, multi-site collaboration, cloud computing, and storage architectures.
With the widespread adoption of Ethernet networking, it was inevitable that Power over Ethernet (PoE) — defined as a technology for transmitting power and data over category cables — would also experience significant recognition and use by enterprise end-users. This growing fame of PoE can be put into perspective by the fact that almost all VoIP and security surveillance applications utilize PoE, and the technology is increasingly becoming more looked at for smart lighting systems.
Worldwide PoE Lighting Emergence
Reports say that in the coming years, PoE lighting will rise as a game-changer for manufacturing. PoE lighting is getting much more attention from owners and facility management — specifically in the commercial and industrial sectors. This technology can have a significant positive impact related to cost and energy savings. And the sustainability plans of these facilities. PoE lighting control systems allow for real-time insights and the collection of other useful data. The systems can gather data about potential issues and faults that may happen within the facilities.
Market Size Analysis
The worldwide Power over Ethernet (PoE) lighting market is expected to experience significant growth over the next few years. In 2020, the market was estimated at US$191.7 million and is projected to reach nearly US$1 billion by 2027. Registering a compounded annual growth rate (CAGR) of 25.2%.
The United States represents the largest market for PoE lighting. Accounting for an estimated 34.4% share of the global total in 2020. The U.S. market, estimated at US$65.9 million in 2020, is projected to reach US$266 million by 2027. China is expected to spearhead growth and emerge as the fastest-growing market with a CAGR of 34.5% over the period, with US$19.6 million in 2020 and projected to reach US$155.6 million by 2027.
The European market for PoE lighting, estimated at US$58.9 million in 2020, is projected to reach US$256.1 million by the year 2027, reflecting a CAGR of 23.4% over the analysis period 2020-2027. Region-wise, Germany constitutes the largest market in Europe for PoE lighting, with sales estimated at US$15 million in 2020, translating to a 25.5% share of the total sales. Growing at a compounded annual rate of 26.1% over the analysis period, the rest of Europe represents the fastest-growing regional market.
As for other markets and the rest of the world, PoE lighting is estimated at US$47.24 million in 2020. And is projected to reach US$244.78 million by 2027.
In conclusion, it is certain that the global market — is supported by factors conducive to healthy growth. Will progress steadily to evolve as major regional markets for Power over Ethernet (PoE) lighting.