Power Over Ethernet Lighting Market Analysis

Power Over Ethernet Lighting Market Analysis

Based on end use, the market is segmented into commercial, industrial, residential, and others. The commercial segment accounted for a market share of over 40% in 2023.
 

• The growing popularity of PoE lighting in commercial spaces, such as offices, retail stores, and hotels, is attributed to its energy efficiency, low cost, and ease of installation. The demand for smart building solutions is spurring the adoption of PoE lighting systems, which integrate seamlessly with building automation and IoT devices. The emphasis on improving occupant comfort, productivity, and well-being in commercial environments is promoting the adoption of PoE lighting due to its customizable features.
   
• As businesses prioritize sustainability and operational efficiency, PoE lighting emerges as a compelling solution, thereby fueling the growth of the commercial segment in the PoE lighting market.
   

Based on component, the market is segmented into hardware and software. The hardware segment is estimated to register a significant CAGR of over 18.5% between 2024 to 2032.
 

• Hardware components required for Power Over Ethernet (PoE) lighting including luminaires (light fixtures), PoE switches, Ethernet cables, Power Sourcing Equipment (PSE), and Power Devices (PD) have the potential to grow significantly. As the demand for PoE lighting solutions surges due to factors, such as increased adoption of LED lighting, smart building technologies, and sustainability initiatives, the market for these hardware components is expected to expand.
   
• Businesses seeking to modernize their lighting infrastructure with PoE systems will raise the demand for PoE-compatible luminaires, PoE switches that can deliver power & data, high-quality Ethernet cables, and dependable PSE & PD devices. This growth trajectory highlights the critical role of hardware components in the advancement of PoE lighting technologies.
   

North America held a significant share of over 30% in the global power over ethernet lighting market in 2023. The region's strong technological infrastructure and early adoption of smart building solutions foster a favorable environment for PoE lighting implementation. Rising investments in energy-efficient lighting solutions, combined with stringent regulations encouraging sustainability, are also propelling the adoption of PoE lighting systems. Furthermore, the presence of key market players and a rising awareness about the benefits of PoE technology will contribute to the PoE lighting market's expected growth in North America.