According to the research "Power Over Ethernet Lighting Market," there is a significant potential for growth in the PoE (Power over Ethernet) lighting industry. It is anticipated to increase significantly from its 2021 worth of USD 243 million to a significant value of USD 922 million by 2026. With a remarkable Compound Annual Growth Rate (CAGR) of 30.6% from 2021 to 2026, this remarkable trend is evident. The use of PoE technology in lighting systems, which provides flexible, affordable, and energy-efficient solutions for commercial and industrial applications, is propelling the market's growth. The growing emphasis on sustainability and smart building solutions by organisations and industries has led to the emergence of PoE lighting as a noteworthy player in the global lighting industry, which is seeing rapid expansion.

In terms of market share, the PoE (Power over Ethernet) lighting business is now led by North America. Nonetheless, during the projected period, the Asia-Pacific (APAC) area is anticipated to experience the largest increase. Rapid technological advancement and changing consumer needs in high-potential economies like China, Japan, South Korea, and Australia are the main drivers of this expansion. The positive outlook for the PoE lighting market in APAC is influenced by continuous construction projects in expanding metropolitan centres, the creation of new business models, and technological advancements. It is anticipated that the region's growing commercial and industrial sectors would accelerate the uptake of PoE lighting systems. Furthermore, the PoE lighting market in Asia-Pacific gains from expanding end-use sectors and higher government investment. Given its significance in the market's growth, China in particular is predicted to drive demand for PoE lighting in the area.

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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).

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.

Over the course of the projection period, the above 25-watt sector of the PoE (Power over Ethernet) lighting market is expected to hold a greater share. In 2020, this particular segment held a significant share. It is anticipated that in the upcoming years, its Compound Annual Growth Rate (CAGR) will increase. The market is driven primarily by the growing demand for lighting devices with high input power and by the increasing acceptance of enhanced PoE standards. Higher input power is needed for the integrated solutions that Original Equipment Manufacturers (OEMs) are introducing in luminaires. In order to efficiently power Power Devices (PDs), there is an increasing requirement for Power Source Equipment (PSE) with increased output capacity. High-wattage PoE lighting systems, which provide benefits including improved brightness, illumination, and support for a range of direct and indirect loads, are predicted to see growth in the market due to this increased demand. PoE systems and Internet of Things (IoT) applications are emerging as a result of the continuous digital revolution, which is broadening the possible uses of PoE in areas like lighting, workplace workstations, device charging, and other areas.

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

For the duration of the forecast period, the commercial segment is anticipated to continue to hold a dominant position in the PoE (Power over Ethernet) lighting market. In 2020, this market segment accounted for the greatest portion of the market, mainly due to factors that encourage the use of PoE lighting in commercial buildings, such as increased efficiency and affordability. Applications such as offices, retail stores, healthcare facilities, educational institutions, stadiums, and hospitality facilities are all included in the commercial category. Building owners, municipalities, utilities, and other stakeholders are actively looking for energy-efficient solutions as the emphasis on lowering energy use grows. One strategy to address this energy dilemma is to replace conventional lighting with more energy-efficient solutions, like LED lighting, but this is just one element of a wider solution.

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

The Asia-Pacific (APAC) PoE (Power over Ethernet) lighting market, which includes important nations like China, Japan, Australia, South Korea, and other developing markets in the rest of APAC, such as India, Indonesia, Singapore, Taiwan, Malaysia, Thailand, Vietnam, Bangladesh, and the Philippines, is anticipated to grow at the highest rate between 2021 and 2026. Due to its enormous growth potential, this area is anticipated to have the fastest-growing PoE lighting market. PoE lighting solutions have a lot of room to grow as connected lighting systems become more and more popular in a variety of applications, especially smart offices and workspaces. The APAC region's importance in the growth trajectory of the PoE lighting market is attributed to the dynamic technological landscape and the increasing demand for creative and energy-efficient lighting solutions in the region.

The global lighting environment is changing as a result of Chinese lighting producers being more competitive than their rivals in North America and Europe. Chinese cities are gaining popularity as investment locations for industrial growth because they provide the perfect blend of reasonably priced land, reliable infrastructure, and a trained labour force. China is positioned to take the lead in the Asia-Pacific (APAC) PoE (Power over Ethernet) lighting industry. The aforementioned leadership can be ascribed to various factors, including the accessibility of reasonably priced land for the establishment of manufacturing facilities and the construction of commercial spaces, the existence of multiple lighting manufacturers, the steady expansion of commercial and industrial buildings, and the growing uptake of smart office solutions. China's position in the PoE lighting market is further reinforced by its proficiency in the production of lighting equipment and its quick rate of technological adoption. In the upcoming years, the fast economic expansion of China, India, Japan, and South Korea is anticipated to propel the expansion of the APAC PoE lighting market.

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