The PoE Lighting Market is anticipated to develop at a CAGR of 30.6% from 2021 to 2026, from USD 243 million in 2021 to USD 922 million in 2026. For PoE Lighting, North America holds the greatest market share. APAC, on the other hand, is predicted to develop at the fastest rate during the projection period, with a CAGR of 37.0%, due to the constantly evolving nature of technology and consumer demands in high-potential regions like China, Japan, South Korea, and Australia. The PoE lighting market is showing a positive outlook as a result of technological developments, the rise of new business models, as well as new buildings in the region's developing cities. The expansion of the commercial and industrial sectors in APAC will further encourage the use of PoE lighting. Additionally, the expansion of end-use industries and rising government spending are helping the PoE Lighting Market in the region. The region's largest demand for PoE lighting is anticipated to be in China.

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Some of the Major Companies in the PoE Lighting Market are Signify Holding (Philips Lighting) (Netherlands), Hubbell Inc. (US), Cisco Systems (US), H.E. Williams (US), Molex (Koch Industries) (US), Ubiquiti Networks Inc. (US), Siemon (US), Silvertel (UK), NETGEAR (US), Ideal Industries (Cree) (US), Herbert Waldmann GmbH & Co. Kg (Waldmann Lighting) (Germany), Prolojik (UK), Innovative Lighting (GENISYS) (US), Deco Lighting (US), Wipro Lighting (India), Axis Lighting (Canada), Igor Inc. (US), ALLNet GmbH (Germany) and NuLEDs (US).

Top 2 Players in PoE Lighting Market:

SIGNIFY HOLDING (PHILIPS LIGHTING)

The corporate offices of 1891-founded Philips Lighting (Signify) are located in Amsterdam, the Netherlands. Signify replaced Philips Lighting as the company's name in May 2018. The business, a pioneer in linked lighting solutions and services, is transforming homes, buildings, and urban areas by utilising the Internet of Things (IoT). In addition to having production locations in Europe, South America, and Asia Pacific, Signify operates in over 60 nations. As a market leader on a global scale, it is well known for its competence in the design, production, and use of cutting-edge, energy-saving lighting products, systems, and services. Signify sells its lighting products under the Philips, Interact, Wiz, Philips Hue, Color Kinetics, etc. brands. The business sends no garbage to landfills and is completely carbon neutral in its operations. It runs all of its operations entirely on renewable energy.

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Lamps, LED, Professional, and Home are Signify's four main business segments. Conventional lamps and electronic parts (ballasts and drivers) are included in the Lights sector. LED lamps are the emphasis of the LED segment. The Professional segment contains lighting systems and services for professional consumers. The Home segment includes consumer luminaries and home systems. The business provides Ethernet gateways and PoE-capable luminaires for the market for PoE lighting. For various applications, it has a wide variety of PoE-capable luminaires, such as Day-Brite, Ledalite, LuxSpace, and Lightolier. The company uses PoE technology to deliver the Philips connected lighting system, which helps customers meet sustainability goals, save money by optimising space, and boost staff productivity.

The company used Cisco network technology to instal its first Power over Ethernet (PoE) linked lighting system for smart offices in the Nordic region in February 2018. A recently constructed smart workplace in Albertslund Municipality of Copenhagen, Denmark, uses the technology to enable employees to customise their office lighting through a smartphone app. The installed system includes occupancy sensors that were connected to the SmartBalance and PowerBalance luminaires from the business. Nearly 400 LED light fixtures were integrated into the newly constructed smart workplace, which utilised Cisco's secure networking technology and was powered by a modest electric current carried by the network's Ethernet cables.

HUBBELL INC.

The headquarters of Hubbell Incorporated are in Connecticut, United States, and it was founded in 1905. As of 2020, the company employed about 19,100 people. There are 24 of its 58 manufacturing facilities in the US. For a wide range of industrial, utility, non-residential, and construction applications, Hubbell Incorporated principally designs, manufactures, and sells electrical and electronic products.

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The operations of Hubbell are divided into the electrical and power business segments, each of which includes several business units and significant brands. The electrical category offers lighting fixtures, controllers, connectors, and grounding components, as well as conventional and special application wiring device goods. The power segment largely serves electrical utilities by designing, producing, and selling transmission and distribution components. The business offers its lighting solutions for sale under a number of different names and brands, including Kim Lighting, Architectural Area Lighting, Security Lighting Systems, Progress Lighting Design, Beacon Products, Dual-Lite, and Litecontrol.

PowerHUBB, an enterprise-level PoE lighting and control platform from Hubbell Incorporated, offers users a fully integrated, end-to-end PoE network that makes use of the Internet of Things (IoT). PowerHUBB transmits power and control as well as monitoring capabilities via a PoE network using common Ethernet Cat5e/6 cabling. The vast bulk of new product development activities at Hubbell are focused on increasing the company's selection of LED-luminaire products.

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