The Power over Ethernet (PoE) Lighting Market is anticipated to grow significantly over the forecast period, rising from USD 243 million in 2021 to USD 922 million in 2026, or a remarkable CAGR of 30.6%. The market is anticipated to grow as PoE lighting solutions become more widely adopted due to their cost- and energy-effectiveness. Due to the seamless integration of data and power over the same Ethernet line that PoE lighting provides, it has attracted significant interest across a wide range of applications, especially in the commercial and industrial sectors.

Power over Ethernet (PoE) lighting now accounts for the biggest market share, thanks to growing acceptance across numerous industries. The Asia-Pacific (APAC) area, in contrast, is anticipated to experience the largest growth over the course of the forecast period due to the region's rapid technology improvements and changing consumer expectations in nations like China, Japan, South Korea, and Australia. The PoE lighting industry has a bright future thanks to the changing technological landscape of the area, new business models, and infrastructure advancements. The APAC region's expanding commercial and industrial sectors will further accelerate the uptake of PoE lighting solutions.

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Power Over Ethernet Lighting Market

The above 25-watt segment, in the market by wattage, of the PoE lighting market, is projected to account for a larger share during the forecast period.

During the forecast period, it is expected that the above 25-watt category will dominate the PoE lighting market. This market segment has a sizeable share in 2020 and is anticipated to increase at a faster compound annual growth rate (CAGR) going forward. The market is expanding primarily due to the rising acceptance of enhanced PoE standards and the rising demand for high input-powered lighting products. Power Source Equipment (PSE) with high output is becoming more and more necessary as Original Equipment Manufacturers (OEMs) develop integrated solutions for luminaires that need higher input power. High-wattage PoE lighting systems are anticipated to benefit from this trend's growth by providing benefits such improved brightness, illumination, and support for additional direct and indirect loads. The rise of PoE systems and IoT applications for lighting, plug loads, office workstations, device charging, and other diversified applications is being further fueled by the digital revolution.

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Due to its many benefits and expanding uses in a variety of industries, the above 25-watt segment is gaining popularity as the demand for energy-efficient lighting solutions rises. The PoE lighting market is seeing a surge of opportunities due to technological improvements and the integration of PoE systems in IoT applications, particularly in high-wattage systems that address more demanding and powerful lighting requirements. Higher wattage devices may be powered, which improves illumination and supports a variety of lighting loads, making it a popular option for use in a variety of commercial, industrial, and office settings. The over 25-watt PoE lighting segment is positioned for solid growth during the forecast period, playing a crucial part in the ongoing revolution of energy-efficient and connected lighting systems as the digital transformation continues to redefine lighting solutions and IoT applications.

In applications, the commercial segment projected to hold the largest share of the PoE lighting market during the forecast period

During the forecast period, the commercial sector is anticipated to account for the greatest share of the PoE lighting market. Due to the increasing price and improved efficacy of PoE lighting in commercial buildings, this segment already held the greatest share in 2020. Offices, retail stores, malls, healthcare facilities, educational institutions, stadiums, and hospitality facilities are just a few examples of the different establishments that make up the commercial section. Adoption of PoE lighting in these commercial settings offers a workable alternative as stakeholders look to cut energy consumption. One strategy is to switch out conventional lighting sources with more energy-efficient ones, such as LED lighting, although the scaleability of this solution is constrained.

PoE lighting is emerging as an appealing solution with the focus on sustainability and energy efficiency in commercial buildings. It not only decreases energy consumption but also gives improved control and flexibility in lighting systems. Its attractiveness to owners and operators of commercial buildings is further increased by the capability of integrating PoE lighting with smart building technology. PoE lighting offers organisations the chance to lessen their environmental footprint while also enhancing lighting control and user experience as it becomes more economical and efficient. The commercial segment is anticipated to maintain its leading position in the PoE lighting market during the projected period thanks to key players in the area's novel PoE lighting solutions designed for commercial applications.

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The PoE lighting market in APAC projected to have the highest CARG during the forecast period (2021-2026)

The PoE lighting market is anticipated to expand at the highest compound annual growth rate (CAGR) in the Asia-Pacific (APAC) region, which includes China, Japan, Australia, South Korea, and other nations. This forecast period runs from 2021 to 2026. The increased use of connected lighting systems across a wide range of applications, notably in smart workplaces and workspaces, is likely to make this area the PoE lighting market with the greatest rate of growth. Due to affordable land, a robust infrastructure, and a qualified workforce, Chinese lighting manufacturers are providing fierce competition to their rivals in North America and Europe and luring investments in industrial development. With affordable land for manufacturing facilities and new commercial buildings, a thriving ecosystem of lighting manufacturers, and the continued development of commercial, industrial, and smart office buildings, China is well-positioned to dominate the PoE lighting market in APAC. The region's quick economic development in nations like China, India, Japan, and South Korea is another factor in the market's bright future for APAC PoE lighting.

The popularity of PoE lighting solutions is significantly increasing in APAC as connected lighting technologies undergo major breakthroughs. China is positioned as a significant player in the PoE lighting market in APAC due to the country's abundance of lighting manufacturers and capacity for quick technological adoption. The potential for PoE lighting growth is enormous as smart workplaces and energy-efficient lighting solutions gain popularity in this dynamic industry. The demand for energy-efficient lighting solutions is expected to increase as economies like China, India, Japan, and South Korea continue to grow quickly, supporting the APAC PoE lighting market throughout the projected period.

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).

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