Reports
Global Power Over Ethernet Lighting Market Size, Forecast: By Offering: Hardware, Software, Services; By Wattage: Up to 25W, Greater than 25W, Others; By Application: Commercial, Industrial, Residential, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
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 32.2% in the forecast period of 2024-2032 to reach a value of around USD 10012.64 million by 2032.
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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.
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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.
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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.
| 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, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Power Over Ethernet Lighting Market Analysis
8.1 Key Industry Highlights
8.2 Global Power Over Ethernet Lighting Historical Market (2018-2023)
8.3 Global Power Over Ethernet Lighting Market Forecast (2024-2032)
8.4 Global Power Over Ethernet Lighting Market by Offering
8.4.1 Hardware
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Power Over Ethernet Lighting Market by Wattage
8.5.1 Up to 25W
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Greater than 25W
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Power Over Ethernet Lighting Market by Application
8.6.1 Commercial
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Industrial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Residential
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Power Over Ethernet Lighting Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Signify Holding
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Hubbell Incorporated
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Innovative Lighting, LLC
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Waldmann Lighting
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Microchip Technology Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Power Over Ethernet Lighting Market: Key Industry Highlights, 2018 and 2032
2. Global Power Over Ethernet Lighting Historical Market: Breakup by Offering (USD Billion), 2018-2023
3. Global Power Over Ethernet Lighting Market Forecast: Breakup by Offering (USD Billion), 2024-2032
4. Global Power Over Ethernet Lighting Historical Market: Breakup by Wattage (USD Billion), 2018-2023
5. Global Power Over Ethernet Lighting Market Forecast: Breakup by Wattage (USD Billion), 2024-2032
6. Global Power Over Ethernet Lighting Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Power Over Ethernet Lighting Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Power Over Ethernet Lighting Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Power Over Ethernet Lighting Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Power Over Ethernet Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Power Over Ethernet Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Power Over Ethernet Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Power Over Ethernet Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Power Over Ethernet Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Power Over Ethernet Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Power Over Ethernet Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Power Over Ethernet Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Power Over Ethernet Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Power Over Ethernet Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Power Over Ethernet Lighting Market Structure
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 32.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 10012.64 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.
Analyst Review
The global power over ethernet lighting market attained a value of USD 804.60 million in 2023, driven by the rising construction industry. Aided by the growing penetration of LEDs, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 32.2%. The market is projected to reach USD 10012.64 million by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its offering types, the power over ethernet lighting industry can be segmented into hardware, software, and services. The classification based on wattage are up to 25W and greater than 25W, among others. On the basis of applications, the industry is divided into commercial, industrial, and residential, among others. The major regional markets for power over ethernet lighting are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Signify Holding, Hubbell Incorporated, Innovative Lighting, LLC, Waldmann Lighting, and Microchip Technology Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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