According to the report "Power Over Ethernet Lighting Market with COVID-19 Impact Analysis," the market for power over Ethernet (PoE) lighting is expected to develop significantly. According to projections, the market is expected to grow at an excellent Compound Annual Growth Rate (CAGR) of 30.6% throughout the projected period, from USD 243 million in 2021 to a sizable USD 922 million by 2026.

The report, which divides offers into hardware, software, and services, emphasises the critical role that PoE lighting plays in commercial and industrial applications. In the PoE lighting category, North America stands out as the leader with the most market share, highlighting the region's critical role in propelling the industry's expansion.

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Projections indicate that the Power Over Ethernet (PoE) lighting market would develop at the fastest rate in the Asia-Pacific (APAC) region, where it is expected to have significant growth in the coming years. The dynamic technical environment and changing consumer demands in important economies like China, Japan, South Korea, and Australia are blamed for this increase. The adoption of new business models, the region's quick technology breakthroughs, and the ongoing building projects in developing cities all support the market's optimistic outlook for PoE lighting. PoE lighting solutions are expected to become more widely used in APAC due to the region's booming commercial and industrial sectors, as well as significant government investments and the expansion of end-use industries.

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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.

With a notable surge in demand in 2020, the market for Power during Ethernet (PoE) lighting systems larger than 25 watts is expected to develop at a higher Compound Annual Growth Rate (CAGR) during the next several years. This increase is ascribed to the progress made in PoE standards as well as the growing need for high-input powered lighting products. In response to this trend, Original Equipment Manufacturers (OEMs) are putting integrated solutions in luminaires that require more input power. As a result, to efficiently supply these supply Devices (PDs), there is a growing requirement for Power Source Equipment (PSE) with increased output capabilities. As a result, it is anticipated that the market for high-wattage PoE lighting systems will grow, providing benefits including improved brightness, illumination, and support for more direct and indirect loads. The current digital revolution is supporting this trend by bringing in a surge of new PoE systems and Internet of Things (IoT) applications across a variety of industries, such as workplace workstations, plug loads, lighting, device charging, and other applications.

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

With the most share in the Power Over Ethernet (PoE) lighting market in 2020, the commercial category emerged as the dominating player. The rising cost-effectiveness and increased efficiency of PoE lighting in business buildings are driving this trend. PoE lighting is being more widely used in the commercial sector, which includes a wide variety of locations like stadiums, retail stores, malls, healthcare facilities, educational institutions, and hospitality organisations. The goal of building owners, governments, utilities, and other stakeholders is now to reduce energy usage as a collective. While switching out incandescent lights for energy-efficient ones, such as LEDs, is a typical tactic, it is seen as a very small-scale solution. Major providers of PoE lighting solutions and an increase in demand for PoE lighting solutions, especially in commercial offices, are driving the market and contributing to the segment's overall growth.

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

Asia-Pacific (APAC), which includes China, Japan, Australia, South Korea, and the rest of the region, is home to the Power throughout Ethernet (PoE) lighting industry. This market is expected to develop at the greatest rate in terms of compound annual growth rate (CAGR) throughout the course of the forecast period. Due to its significant growth potential, especially in the adoption of connected lighting systems across a variety of applications, most notably in smart workplaces and workspaces, this region is expected to grow at the quickest rate for PoE lighting. Chinese lighting producers are fierce rivals to their counterparts in North America and Europe, drawing capital for industrial expansion from resources including inexpensive land, strong infrastructure, and a trained labour force. Because of its abundance of affordable land for manufacturing facilities and new commercial constructions, its many lighting manufacturers, and its steady growth in commercial, industrial, and smart office spaces, China is specifically predicted to lead the APAC PoE lighting market. China is a major force behind the PoE lighting industry in the region because to its expertise in producing lighting equipment and its quick assimilation of new technology. The hopeful trajectory of the APAC PoE lighting market in the approaching years is further propelled by the swift economic growth of nations such as China, India, Japan, and South Korea.

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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