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.
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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.
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