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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Power Over Ethernet Lighting Market Outlook

The global power over ethernet lighting industry reached a value of about USD 804.60 million in 2023. The industry is further expected to grow at a CAGR of about 33% in the forecast period of 2024-2032 to reach a value of around USD 10,477.15 million by 2032.

Global Power Over Ethernet Lighting Market Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million 804.60
Market Size 2032 USD Million 10,477.15
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 33.0%
CAGR 2024-2032 - Market by Region Latin America 34.8%
CAGR 2024-2032 - Market by Country Saudi Arabia 34.9%
CAGR 2024-2032 - Market by Country China 34.4%
CAGR 2024-2032 - Market by Offering Hardware 36.2%
CAGR 2024-2032 - Market by Wattage Up to 25W 35.6%
Market Share by Country 2023 Australia 2.8%

Global Power Over Ethernet Lighting Market

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Asia Pacific to Support the Power Over Ethernet Lighting Market

Asia Pacific is likely to be one of the fastest growing regions for the global power over ethernet lightning industry. The growth in the region can be primarily attributed to the development and urbanisation in the region. There is a high growth potential in countries such as China, Japan, and India. Growth in the region can be attributed to the increase in infrastructure development projects within the region, primarily in China, where smart lighting paves the way for infrastructure modernisation. The industries present in this area are concentrating on modernising their spaces. This is also likely to create opportunities for PoE lighting vendors. Enhancing IEEE standards is expected to further improve the market.

Power Over Ethernet Lighting: Market Segmentation

Power over ethernet, also referred to as PoE, is among the major additions to the long line of inventions in the field of lighting. It is a smart lighting solution which combines world-class LED luminaires with digital controls to produce an appropriate and desired lighting effect. The leading commercial lighting manufacturers claim that PoE is a modular lighting solution that promises increased productivity and increased safety in commercial spaces. It helps to build a smart and wired workspace and delivers perfect lighting to ensure maximum comfort.

Global Power Over Ethernet Lighting Market By Application

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Based on offering, the market can be divided into the following:

  • Hardware
  • Software 
  • Services

On the basis of wattage, the market can be categorised as follows:

  • Up to 25W
  • Greater than 25W
  • Others

Based on applications, the industry can be divided into the following:

  • Commercial
  • Industrial
  • Residential
  • Others

The regional markets for power over ethernet lighting can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

CAGR 2024-2032 - Market by Country
Saudi Arabia 34.9%
China 34.4%
Mexico 34.0%
UK 32.3%
USA 31.2%
Canada XX%
Germany 29.1%
France XX%
Italy XX%
Japan XX%
India XX%
Australia XX%
Brazil XX%

Global Power Over Ethernet Lighting Market By Region

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Rising Infrastructure Industry Bolstering the Market Growth

The booming construction and infrastructure industry is driving the market growth. The growth of the market is primarily being driven by factors like rising population, urbanisation, and the rising disposable incomes of the consumers. Rising number of factories and industries is also propelling the industry growth. The key drivers for market growth are the rising penetration and lower costs of LEDs, the increased adoption of PoE lighting solutions in commercial and healthcare applications, and the thriving demand for cost-effective lighting solutions. Business opportunities include improving POE standards for higher capacity, speed and efficiency, the acceptance of smart and automated systems. The demand for smart workplaces is also likely to boost the market growth.

Key Industry Players in the Global Power Over Ethernet Lighting Market

The report gives a detailed analysis of the following key players in the global power over ethernet lighting market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Signify Holding
  • Hubbell Incorporated
  • Innovative Lighting, LLC
  • Waldmann Lighting
  • Microchip Technology Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Offering
  • Wattage 
  • Application
  • Region
Breakup by Offering
  • Hardware
  • Software
  • Services
Breakup by Wattage
  • Up to 25W
  • Greater than 25W
  • Others
Breakup by Application
  • Commercial
  • Industrial
  • Residential
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Signify Holding
  • Hubbell Incorporated  
  • Innovative Lighting, LLC
  • Waldmann Lighting
  • Microchip Technology Inc.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global power over ethernet lighting market attained a value of nearly USD 804.60 million.

The market is projected to grow at a CAGR of 33% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 10,477.15 million by 2032.

The major market drivers include the growing construction sector, surging population, rapid urbanisation, and rising disposable incomes.

The key trends guiding the market development include growing penetration and lower costs of LEDs and the surging adoption of PoE lighting solutions in healthcare and commercial applications.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major offering segments considered in the market report include hardware, software, and services.

The various segmentations based on wattage of the product considered in the market report are up to 25W and greater than 25W, among others.

The significant applications of power over ethernet include commercial, residential, and industrial, among others.

The major players in the market include Signify Holding, Hubbell Incorporated, Innovative Lighting, LLC, Waldmann Lighting, and Microchip Technology Inc., among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124