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Global Power over Ethernet (PoE) Market to Grow at a CAGR of 13% During 2021-2026, Aided by the PoE-Driven LED Lighting Technology

According to a new report by EMR titled, ‘Global Power over Ethernet (PoE) Market Report and Forecast 2021-2026’, the market is expected to grow at a CAGR of 13% in the forecast period of 2021-2026 to reach a value of nearly USD 1.46 billion by 2026.

The market for power over ethernet or PoE is anticipated to be driven by its applications in the residential sector over the forecast period. The emergence of smart home technology is expected to provide lucrative growth opportunities for market growth. With ongoing trials on the PoE smart home technology, PoE-driven devices can be connected, thus enabling centralised management. In addition, the PoE technology also offers connectivity with other wireless communication models, thus making the technology more flexible and easier to operate. Furthermore, the introduction of future-ready Li-Fi technology into the LED lighting system is expected to drive the market for PoE technology. By means of intelligent PoE technology, users can remotely monitor lighting systems via smartphones or other wireless devices. Hence, the deployment of PoE-driven LED lighting in the smart home setting for enhanced aesthetics and efficient utilisation of energy is expected to augment the market growth of the PoE industry.

One of the global leaders in the PoE market, Netgear, Inc. (NASDAQ: NTGR), recently announced the expansion in its switch portfolio with the introduction of PoE models in March 2021. The GS316EP and GS316EPP offer the latest and valuable features designed to support large PoE budgets, enhanced security, and an interactive user interface. The GS316EP can support up to 18- watts, and the GS316EPP has a PoE budget of about 231 watts, making the devices compatible with Wi-Fi 5 and Wi-Fi 6 access points, IoT devices, IP cameras, and IP LED lights, among other PoE driven devices. The installation of an advanced PoE system enables scheduling, remote accessibility through the interactive user interface, making it suitable for adoption in a variety of sectors. Thus, such innovations in manufacturing practices are propelling the growth of the industry.

Market Analysis by Product Type, Application, and Region:

  • Based on product type, the market is segmented into power sourcing equipment and powered devices.
  • On the basis of application, the market can be classified into commercial, residential, and industrial.
  • The major regional markets for power over ethernet (PoE) are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • PoE technology is being increasingly deployed in technologies like surveillance cameras and voice over internet protocol telephone systems (VoIP) in commercial and industrial settings. This is aiding the market growth.
  • The market demand can be attributed to the rise and development of advanced technologies like the Internet of Things (IoT) and artificial intelligence (AI), enabling remote monitoring of connected devices. Thereby boosting the market growth of power over ethernet.
  • PoE technology is used in the manufacturing sector to speed up operations and reduce the cost of manufacturing, thereby augmenting the market growth.
  • PoE-driven LED lighting that allows remote access to smart homes and provides centralised management in the residential sector is anticipated to propel market growth in the coming years.

Key Offerings of the Report:

  • The EMR report gives an overview of the power over ethernet (PoE) industry for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) markets for product types, applications, and major regions of power over ethernet (PoE).
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global power over ethernet (PoE) market are Maxim Integrated Products, Inc., Linear Technology Corporation, Texas Instrument Inc., Broadcom Ltd., and Cisco Systems, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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