According to a new report by Reports and Data, the global Power over Ethernet (POE) Lighting Market is predicted to reach USD 1.62 billion by 2028, driven by the increasing demand for POE-based products such as VoIP phones and wireless access points, especially in the commercial sector. However, the market is still in its early stages, and some companies are hesitant to use it for lighting, despite its success in the telephone system. Nevertheless, partnerships are being formed between lighting and technology companies to integrate POE lighting in buildings, particularly in commercial sectors. One major hindrance to the growth of the market is the limitations on the power delivered by POE-based power sourcing to end devices.
The report also notes that North America currently holds the largest market share of 34%, with easy availability of POE-power sourcing equipment and high purchasing power driving the market. Meanwhile, the Asia Pacific region is expected to experience a higher compound annual growth rate (CAGR) of 12.8%, due to an increase in applications of LED lightings and emergence of new constructions.
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The Power over Ethernet (POE) Lighting Market refers to the market for lighting systems that are powered by Ethernet cables. POE technology allows for both data and power to be transmitted over the same cable, eliminating the need for separate power sources for lighting fixtures. This technology has gained popularity due to its energy efficiency, flexibility, and ease of installation.
Driving factors of Power over Ethernet (POE) Lighting Market
Increasing demand for POE-based products, especially in the commercial sector, such as VoIP phones and wireless access points.
Partnerships between lighting and technology companies to integrate POE lighting in buildings, particularly in commercial sectors.
Encouragement of the market by VoIP phones due to their simple installation, low communication cost, and compatibility with POE technology.
The growth of the IoT industry, with many wireless devices being POE compatible and powered by POE technology.
The expected rapid increase in the commercial POE solutions market, with high demand for connectivity, security, and access control applications in office buildings.
The push in the industrial segment for the connected system, high security, and biometrics access.
The use of POE in infotainment, particularly in the entertainment sector.
The potential for POE to be included in the development of new smart buildings, particularly for smart recessed lights and better connectivity and security.
Easy availability of POE-power sourcing equipment in North America, which currently holds the largest market share of 34%.
High purchasing power in developed regions driving the growth of the market in those areas.
Some of the notable innovations in the Power over Ethernet (POE) Lighting Market
Integration of POE lighting with IoT technology, allowing for increased energy efficiency and remote control of lighting systems.
Use of advanced sensors in POE lighting systems to enable occupancy-based lighting control, further enhancing energy efficiency.
Development of power management systems that can intelligently monitor and optimize the power usage of POE lighting systems, reducing energy waste.
Use of Power Sourcing Equipment (PSE) and Powered Devices (PD) that comply with the latest POE standards, allowing for more efficient power delivery and greater compatibility with a wider range of devices.
Adoption of POE lighting in various industries, including oil and gas, transportation, and telecommunications, for applications such as smart and connected lighting and access control.
Emergence of smart building technologies that incorporate POE lighting systems for greater automation and control.
Development of PoE lighting management software that enables monitoring and control of lighting systems from a central location, reducing maintenance costs and improving efficiency.
Introduction of new POE-enabled lighting fixtures, such as smart LED lights, that offer greater flexibility and control over lighting environments.
Some of the prominent players of the market
To know more about the report @ https://www.reportsanddata.com/report-detail/power-over-ethernet-poe-lighting-market
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