Report Id: SNS/SEMI/2286 | July 2022 | Region: Global | 129 Pages
Report Scope & Overview:
The Power Over Ethernet Lighting Market Size was valued at USD 0.24 billion in 2021, and is expected to reach USD 1.51 billion by 2028, and grow at a CAGR of 29.8% over the forecast period 2022-2028.
Lighting systems that use power over Ethernet significantly reduce energy bills, improve light quality, and extend bulb life. On a PoE lighting platform, Ethernet cables are used to power lights and communicate data between the luminaire and the control software. They also collect data, such as a campus's location, by using motion sensors to detect people's presence and signal networks to turn off when not in use. Because PoE smart technology connects LED light sources to the internet, end users can remotely access lighting systems and platforms.
PoE standards have been improved for high power, speed, and efficiency.
Adoption has increased in the commercial and industrial sectors due to low overhead and maintenance costs.
Demand for IoT-enabled lighting fixtures and smart lighting solutions is increasing.
The initial costs of PoE equipment and accessories are high.
Geographical opportunities in APAC and the Rest of the World.
Smart office and smart retail trends are on the rise.
Transitioning from traditional lighting to connected lighting solutions quickly.
Transmission distance and power delivery rate are limited.
COVID-19 has caused a disruption in the PoE lighting supply chain.
IMPACT OF COVID-19:
The COVID-19 pandemic forced the closure or partial closure of factories, businesses, and institutes worldwide. Other lockdown measures, such as strict social distancing norms, restricted travel, and limited access to public spaces, restaurants, theme parks, cinema halls, and malls, were implemented in addition. Most industries worldwide experienced disruptions in supply chain operations and logistics-related services. The growth of the PoE lighting market has been hampered by limited consumer and corporate spending, lockdown measures, and supply chain disruptions. The pandemic has forced governments all over the world to shift their attention and resources to the healthcare sector. Demand from end users is also expected to fall significantly in 2020. To date, APAC and Europe have been the most affected regions due to the periodic resurgence of COVID-19 cases. As a result, most businesses have seen lower-than-normal consumer footfall, affecting revenues. As a result, demand for PoE lighting has remained low. This has had an impact on the growth of the PoE lighting market in all regions, particularly APAC and Europe.
Based on Offering, the power over ethernet lighting market is segmented into Hardware, Software and Services.
Based on Wattage, the power over ethernet lighting market is segmented into Up to 25 Watt and Above 25 Watt. The market for PoE lighting above 25 watts accounted for a larger market share. The said market is being driven by improved PoE standards as well as rising demand for high input-powered lighting devices. OEMs are developing integrated solutions for luminaires that require more input power. As a result, there is an increasing demand for Power Source Equipment (PSE) with high output to power the Power Devices (PDs). This is expected to drive the market for high-wattage PoE lighting systems even further. PoE lighting with a power rating of more than 25 watts has several advantages, including increased brightness and illumination and support for more direct/indirect loads. The digital revolution is spawning a slew of new PoE systems and Internet of Things applications for lighting, plug loads, office workstations, device charging, and other uses.
Based on Application, the power over ethernet lighting market is segmented into Commercial, Residential, Industrial and Others. The commercial segment held the lion's share of the PoE lighting market. PoE lighting is becoming more affordable and efficient, which is driving its use in commercial buildings. Offices, retail shops and malls, healthcare facilities, educational institutions, stadiums, and hospitality facilities are all part of the commercial segment. Energy consumption reduction has become a major goal for building owners, governments, utilities, and a variety of other stakeholders. One way to reduce this massive pool of energy use is to replace existing lights with more energy-efficient lighting sources, but this is a small-scale solution. North America dominated the PoE lighting market for commercial applications. The presence of major PoE lighting solution providers, combined with an increase in demand for PoE lighting solutions in commercial offices, is fueling the growth of market.
The key players in the power over ethernet lighting market are Wipro Lighting, Signify Holding, H.E. Williams, Siemon, Prolojik, Cisco Systems, Hubbell Inc, Herbert Waldmann, Ubiquiti Networks, Silvertel and ALLNet.
Up to 25 Watt
Above 25 Watt
China, Japan, Australia, South Korea, and the Rest of APAC, which primarily includes India, Indonesia, Singapore, Taiwan, Malaysia, Thailand, Vietnam, Bangladesh, and the Philippines, comprise the APAC PoE lighting market. It is expected to be the fastest-growing market for PoE lighting during the forecast period. The PoE lighting market in this region has enormous growth potential, as connected lighting systems are rapidly being adopted in a variety of applications, particularly smart offices/workspaces.
Lighting manufacturers in China are fiercely competing with companies in North America and Europe. Chinese cities provide an ideal combination of low-cost land, good infrastructure, and a large workforce to attract investments in industrial development. China is expected to lead the APAC PoE lighting market due to the availability of low-cost land for manufacturing plants as well as new commercial space construction, the presence of multiple lighting manufacturers, and the continued growth in commercial and industrial buildings as well as smart offices. The country has expertise in lighting equipment manufacturing and adopts technologies at a faster rate than other countries in the region. The APAC region is expected to benefit from rapid economic growth in China, India, Japan, and South Korea.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 244.2 Million|
|Market Size by 2028||US$ 1.51 Billion|
|CAGR||CAGR of 29.8% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (HD Camera, SD Camera)
• By Resolution (12 MP, 12 To 20 MP, 20 To 32 MP, 32 MP And Above)
• By Application (Thermal Imaging, Photography & Videography, Surveillance)
• By End User (Commercial, Homeland Security, Military)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Wipro Lighting, Signify Holding, H.E. Williams, Siemon, Prolojik, Cisco Systems, Hubbell Inc, Herbert Waldmann, Ubiquiti Networks, Silvertel and ALLNet.|
|Key Drivers||• PoE standards have been improved for high power, speed, and efficiency.
• Adoption has increased in the commercial and industrial sectors due to low overhead and maintenance costs.
|Restraints||• The initial costs of PoE equipment and accessories are high.|
Frequently Asked Questions (FAQ) :
The Power Over Ethernet Lighting Market size was valued at 244 million in 2021 at a CAGR of 29.8%.
The market value is expected to reach USD 1.5 billion by 2028.
The market has been segmented with respect to offering, wattage and application.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Power Over Ethernet Lighting Market Segmentation, by offering
9. Power Over Ethernet Lighting Market Segmentation, by wattage
9.2 Up to 25 Watt
9.3 Above 25 Watt
10. Power Over Ethernet Lighting Market Segmentation, by application
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12.1 Wipro Lighting
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Signify Holding
12.3 H.E. Williams
12.6 Cisco Systems
12.7 Hubbell Inc
12.8 Herbert Waldmann
12.9 Ubiquiti Networks
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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