Power Over Ethernet Lighting Market Future Prospects: Forecasting Growth

Browse over xx market data Figures spread through 188 Pages and an in-depth TOC on " Global Power Over Ethernet Lighting Market"

TechSci Research's report titled "Global Power Over Ethernet Lighting Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028" forecasts robust growth for the Global Power Over Ethernet Lighting sector, expecting a remarkable CAGR of 30.25% through 2028. The surge in PoE lighting solutions adoption across commercial and healthcare domains, coupled with the decreasing cost and increasing penetration of LEDs, alongside the escalating demand for cost-effective lighting solutions, are driving this growth trajectory. Moreover, enhancements in POE standards, facilitating greater power, speed, and efficiency, along with the burgeoning adoption of automated systems and the rising demand for smart workspaces, offer further growth opportunities for the industry.

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The report offers a comprehensive evaluation of the market, encompassing various segments and analyzing the trends and factors significantly influencing market dynamics. PoE lighting, characterized by its capacity to power and control light fixtures through Ethernet wiring, enables streamlined network connectivity and management. Leveraging PoE infrastructure, which allows a single wire to power and control network-connected fixtures, translates into reduced installation and maintenance costs, thereby enhancing the overall project's return on investment. Studies, such as one conducted by Cisco, have indicated that systems employing PoE technology can incur 20% less cost compared to those reliant on conventional electrical wiring, thereby underscoring the cost-saving advantages poised to drive the expansion of the global Power Over Ethernet Lighting Market throughout the forecast period.

Report Scope:

In this report, the Global Power Over Ethernet Lighting Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Global Power Over Ethernet Lighting Market, By Offering:

o   Hardware

o   Software

o   Services

• Global Power Over Ethernet Lighting Market, By Application:

o   Commercial

o   Industrial

o   Residential

• Global Power Over Ethernet Lighting Market, By Region:

o   North America

• United States

• Canada

• Mexico

o   Asia-Pacific

• China

• India

• Japan

• South Korea

• Indonesia

o   Europe

• Germany

• United Kingdom

• France

• Russia

• Spain

o   South America

• Brazil

• Argentina

o   Middle East & Africa

• Saudi Arabia

• South Africa

• Egypt

• UAE

• Israel

The market data, spanning across 188 pages with a detailed Table of Contents, highlights key insights into the Global Power Over Ethernet Lighting Market. Commercial, Industrial, and Residential applications constitute major market segments, with the commercial sector notably contributing to revenue in 2021. The burgeoning affordability and enhanced efficiency of PoE lighting systems underpin the growth of the commercial segment. Moreover, establishments like retail stores, schools, and hospitals stand to benefit significantly from the energy efficiency and other advantages offered by PoE lighting solutions.

Key market players in the Global  Power Over Ethernet Lighting Market are the following:

• Cisco Systems Inc.

• Ubiquiti Inc

• Hewlett Packard Enterprise Company

• NETGEAR Inc

• Allied Telesisc Holding

• Axis Communications

• Microsemi Corporation

• PoE Texas

• PLANET Technology Corporation.

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Safety remains a paramount consideration, facilitated by PoE lighting solutions and connected devices, enabling prompt response to emergencies and the implementation of tailored security protocols. Regionally, North America is poised to dominate the market share during the forecast period, fueled by technological innovations by key players like Hubbell Incorporated and Eaton Corp., alongside increased R&D investments by corporations, contributing to market expansion.

TechSci Research's Research Director, Mr. Karan Chechi, emphasizes the significance of companies like Cisco Systems and Signify (formerly Philips Lighting) in driving technological advancements and market growth. The report "Power Over Ethernet Lighting Market – Global Industry Size, Share, Trends, Opportunity, and Forecast" offers valuable insights into market trends, challenges, and opportunities, empowering decision-makers to make informed investment decisions in the dynamic landscape of the Global Power Over Ethernet Lighting Market.

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