Power Over Ethernet Lighting Market
Power Over Ethernet Lighting Market Forecasts to 2030 - Global Analysis By Type (Power Sourcing Controllers and ICS, Powered Devices Controllers and ICS and Other Types), Offering (Hardware, Software and Services and Other Offerings), Wattage, Application, End User and by Geography
According to Stratistics MRC, the Global Power Over Ethernet Lighting Market is accounted for $401.87 million in 2023 and is expected to reach $2337.63 million by 2030 growing at a CAGR of 28.6% during the forecast period. Power over Ethernet (PoE) lighting is a state-of-the-art innovation that is transforming space lighting. PoE lighting combines data transmission and power into a single Ethernet cable, in contrast to conventional lighting systems that need separate cables for each purpose. This simplified method improves energy efficiency and control while also making installation easier. Moreover, PoE lighting systems allow for dynamic lighting scheme alterations based on occupancy, daylight levels, and user preferences.
According to the Illuminating Engineering Society (IES), Power over Ethernet (PoE) lighting represents a transformative approach to lighting design, streamlining installation processes, enhancing energy efficiency, and providing intelligent control options for optimal user experience.
Market Dynamics:
Driver:
Growing need for energy-saving remedies
The growing need for energy-efficient lighting solutions is one of the main factors propelling the power over Ethernet (PoE) lighting market, according to market studies done by the International Data Corporation (IDC). PoE lighting systems are an appealing option because of their inherent potential to cut energy usage, which is becoming increasingly important as organizations embrace sustainability and environmental responsibility. Furthermore, with the exact control PoE technology offers over individual fixtures, businesses can maximize lighting and cut down on wasteful power use, which lowers energy costs and lessens carbon emissions.
Restraint:
Initial expenses of implementation
The initial implementation expenses of Power over Ethernet (PoE) lighting systems are a significant barrier to their broad adoption. Although there are significant long-term operational benefits, companies may pay more up front during the implementation phase. Additionally, this involves spending money on switches, fixtures, and cabling infrastructure that is PoE-compliant. Even with the potential for better management and energy savings, some organizations could be put off by the upfront investment needed for a full PoE lighting deployment.
Opportunity:
Developments in sustainability and energy efficiency
The worldwide emphasis on energy conservation and sustainability presents a chance for the Power over Ethernet (PoE) lighting industry. PoE lighting solutions offer a chance to support energy conservation as companies and industries place a greater emphasis on ecologically responsible operations. Moreover, the market may take advantage of this trend by highlighting PoE lighting's long-term energy savings and lower carbon impact, which will make it a desirable option for businesses that value sustainability.
Threat:
Technology aging and quick innovations
Due to the possibility of newer technologies emerging and rendering present solutions outdated, PoE lighting systems are at risk from the quick speed of technical changes. Periodic advancements in energy-efficient lighting technology, networking protocols, and smart building solutions may make previous PoE systems obsolete. Furthermore, research and development expenditures are necessary for PoE lighting companies to stay ahead of technology trends and guarantee that their products are still applicable in a constantly changing environment.
Covid-19 Impact:
The COVID-19 epidemic had a major effect on the market for power over Ethernet (PoE) lighting, delaying projects, upsetting supply chains, and temporarily lowering capital expenditures in a number of industries. Demand for PoE lighting solutions slowed down as lockdowns and social distancing measures affected infrastructure and development projects. However, the significance of intelligent and energy-efficient lighting solutions, like PoE lighting, became more apparent as companies adjusted to remote work and concentrated on building safer and more productive workspaces.
The Led Lighting Control segment is expected to be the largest during the forecast period
It is projected that LED lighting control will have the largest market share. With its sophisticated features for lighting system customization, energy efficiency, and intelligent control, LED Lighting Control is a key component of the PoE lighting ecosystem. The growing use of LED technology in lighting fixtures has resulted in a significant increase in the need for accurate and dynamic control offered by PoE systems. Moreover, individualized adjustments are possible with LED lighting control, resulting in intelligent and adaptable environments that meet particular user preferences and operational requirements.
The Commercial segment is expected to have the highest CAGR during the forecast period
In the power over Ethernet (PoE) lighting market, the commercial segment is anticipated to grow at the highest CAGR. The rising use of PoE lighting solutions in business settings, including workplaces, retail stores, and hospitality venues, is responsible for this increase. Due to their ability to make dynamic modifications based on occupancy, daylight conditions, and operating requirements, PoE lighting systems are valued by the business sector for their flexibility, energy efficiency, and smart control capabilities. Additionally, PoE lighting's ability to effortlessly connect with other technologies makes it a crucial participant in the current commercial lighting infrastructure, as corporations emphasize intelligent and sustainable building solutions.
Region with largest share:
Within the power over Ethernet (PoE) lighting market, North America accounts for the largest share. Due in part to the region's early adoption of smart building technology, strict energy efficiency laws, and the presence of major market companies who are pushing innovation in PoE lighting solutions, the area is noted for its dominance. North America is now at the forefront of the PoE lighting market due to the region's strong infrastructure for technological developments and the desire for connected and sustainable lighting systems in the commercial and industrial sectors. Furthermore, North America's significant market share is also largely attributed to the region's emphasis on energy conservation and government programs that support smart building solutions.
Region with highest CAGR:
The power over Ethernet (PoE) lighting market will grow at the highest CAGR in the Asia-Pacific region. Rapid industrialization, rising urbanization, and an increased focus on smart and sustainable building solutions are the main drivers of Asia-Pacific's robust growth. The region's nations are experiencing a boom in infrastructure construction, with commercial and industrial spaces embracing PoE lighting due to its sophisticated control features and energy efficiency. Moreover, the Asia-Pacific region is positioned to be a major development driver in the PoE lighting market due to the region's supporting government programs promoting energy conservation and the growing demand for innovative lighting systems.
Key players in the market
Some of the key players in Power Over Ethernet Lighting market include Texas Instruments Incorporated, Deco Lighting, Inc, STMicroelectronics, H.E. Williams, Inc, Wipro Lighting, Ubiquiti Networks Inc., Hubbell Inc, ALLNet GmbH, Siemon, Monolithic Power Systems, Inc, Cisco Systems, Inc, Axis Lighting and NuLEDs.
Key Developments:
In February 2024, Cisco has signed a 15-year agreement to purchase approximately 60,000 MWh per year of Refueling Aircraft from Spanish renewable energy provider, IGNIS. This commitment from Cisco has enabled IGNIS to build a new solar plant in the “España Vaciada” or “empty Spain” region of Teruel, a key area of investment and focus for the Spanish Government. The plant is expected to provide enough Refueling Aircraft to match 100% of annual electricity needs* for Cisco’s European operations for the next 15 years.
In October 2023, Axis Lighting is launching EXTEND Outdoor Series, utilizing the signature family of Beam luminaires, which are known for their appealing indoor layouts. These all-weather luminaires bring the fluid design and minimalist style of interior lighting to the building façade, while maintaining a consistent architectural look. Designed for water-resistant, IP66-rated, and IK10 outdoor applications, EXTEND is also suited for wet indoor environments.
In December 2022, Monolithic Power Systems, Inc., a leading company in high-performance power solutions, today announced that MPS and Vanguard International Semiconductor Corporation (VIS), a leading specialty IC foundry service provider, have entered into a foundry agreement to produce power semiconductors. MPS will utilize VIS’s 8-inch (200mm) wafer fabrication capabilities in its Singapore and Taiwan manufacturing facilities.
Types Covered:
• Power Sourcing Controllers and ICS
• Powered Devices Controllers and ICS
• Other Types
Offerings Covered:
• Hardware
• Software and Services
• Other Offerings
Wattages Covered:
• Up to 25 Watt
• Above 25 Watt
• Other Wattages
Applications Covered:
• Connectivity
• Infotainment
• Led Lighting Control
• Security and Access Control
• Other Applications
End Users Covered:
• Residential
• Commercial
• Industrial
• Airport
• Government Buildings
• Railway Stations
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o 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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Power Over Ethernet Lighting Market, By Type
5.1 Introduction
5.2 Power Sourcing Controllers and ICS
5.3 Powered Devices Controllers and ICS
5.4 Other Types
6 Global Power Over Ethernet Lighting Market, By Offering
6.1 Introduction
6.2 Hardware
6.2.1 LED Luminaires
6.2.2 Lighting Controls
6.3 Software and Services
6.4 Other Offerings
7 Global Power Over Ethernet Lighting Market, By Wattage
7.1 Introduction
7.2 Up to 25 Watt
7.3 Above 25 Watt
7.4 Other Wattages
8 Global Power Over Ethernet Lighting Market, By Application
8.1 Introduction
8.2 Connectivity
8.3 Infotainment
8.4 Led Lighting Control
8.5 Security and Access Control
8.6 Other Applications
9 Global Power Over Ethernet Lighting Market, By End User
9.1 Introduction
9.2 Residential
9.3 Commercial
9.4 Industrial
9.5 Airport
9.6 Government Buildings
9.7 Railway Stations
9.8 Other End Users
10 Global Power Over Ethernet Lighting Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Texas Instruments Incorporated
12.2 Deco Lighting, Inc
12.3 STMicroelectronics
12.4 H.E. Williams, Inc
12.5 Wipro Lighting
12.6 Ubiquiti Networks Inc.
12.7 Hubbell Inc
12.8 ALLNet GmbH
12.9 Siemon
12.10 Monolithic Power Systems, Inc
12.11 Cisco Systems, Inc
12.12 Axis Lighting
12.13 NuLEDs
List of Tables
1 Global Power Over Ethernet Lighting Market Outlook, By Region (2021-2030) ($MN)
2 Global Power Over Ethernet Lighting Market Outlook, By Type (2021-2030) ($MN)
3 Global Power Over Ethernet Lighting Market Outlook, By Power Sourcing Controllers and ICS (2021-2030) ($MN)
4 Global Power Over Ethernet Lighting Market Outlook, By Powered Devices Controllers and ICS (2021-2030) ($MN)
5 Global Power Over Ethernet Lighting Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Power Over Ethernet Lighting Market Outlook, By Offering (2021-2030) ($MN)
7 Global Power Over Ethernet Lighting Market Outlook, By Hardware (2021-2030) ($MN)
8 Global Power Over Ethernet Lighting Market Outlook, By LED Luminaires (2021-2030) ($MN)
9 Global Power Over Ethernet Lighting Market Outlook, By Lighting Controls (2021-2030) ($MN)
10 Global Power Over Ethernet Lighting Market Outlook, By Software and Services (2021-2030) ($MN)
11 Global Power Over Ethernet Lighting Market Outlook, By Other Offerings (2021-2030) ($MN)
12 Global Power Over Ethernet Lighting Market Outlook, By Wattage (2021-2030) ($MN)
13 Global Power Over Ethernet Lighting Market Outlook, By Up to 25 Watt (2021-2030) ($MN)
14 Global Power Over Ethernet Lighting Market Outlook, By Above 25 Watt (2021-2030) ($MN)
15 Global Power Over Ethernet Lighting Market Outlook, By Other Wattages (2021-2030) ($MN)
16 Global Power Over Ethernet Lighting Market Outlook, By Application (2021-2030) ($MN)
17 Global Power Over Ethernet Lighting Market Outlook, By Connectivity (2021-2030) ($MN)
18 Global Power Over Ethernet Lighting Market Outlook, By Infotainment (2021-2030) ($MN)
19 Global Power Over Ethernet Lighting Market Outlook, By Led Lighting Control (2021-2030) ($MN)
20 Global Power Over Ethernet Lighting Market Outlook, By Security and Access Control (2021-2030) ($MN)
21 Global Power Over Ethernet Lighting Market Outlook, By Other Applications (2021-2030) ($MN)
22 Global Power Over Ethernet Lighting Market Outlook, By End User (2021-2030) ($MN)
23 Global Power Over Ethernet Lighting Market Outlook, By Residential (2021-2030) ($MN)
24 Global Power Over Ethernet Lighting Market Outlook, By Commercial (2021-2030) ($MN)
25 Global Power Over Ethernet Lighting Market Outlook, By Industrial (2021-2030) ($MN)
26 Global Power Over Ethernet Lighting Market Outlook, By Airport (2021-2030) ($MN)
27 Global Power Over Ethernet Lighting Market Outlook, By Government Buildings (2021-2030) ($MN)
28 Global Power Over Ethernet Lighting Market Outlook, By Railway Stations (2021-2030) ($MN)
29 Global Power Over Ethernet Lighting Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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