The PoE lighting market is projected to reach USD 1,174 million by 2024 from USD 256 million in 2019, at a CAGR of 35.6%.
Growing adoption of PoE lighting solutions in commercial and healthcare applications is expected to drive overall growth of PoE lighting market
The growth of the PoE lighting market is driven by factors such as the increasing penetration and decreasing cost of LEDs, growing adoption of PoE lighting solutions in commercial and healthcare applications, and rising need for cost-effective lighting solutions. On the other hand, factors such as the high cost of PoE switches, requirement of additional equipment, and limited transmission distance and power delivery rates are the barriers inhibiting the growth of this market. However, it is expected that with improving POE standards, the penetration of PoE lighting systems for connected lighting applications in commercial spaces would increase.
Hardware segment to hold the largest share of PoE lighting market during forecast period
Increasing demand for energy-saving lighting systems is a key driving factor for the PoE lighting market for hardware. To enable a PoE lighting solution, several hardware components, including power sourcing equipment, powered devices, and other components, are required. The majority of the cost involved in deploying a PoE solution is for the hardware. Moreover, with improving PoE standards, new, standardized switches are expected to commercialize, which would further propel the market for PoE lighting.
Industrial application to grow at highest CAGR during forecast period
The industrial segment includes lighting in production halls, warehouses, representative rooms, and other indoor areas. The use of PoE can simplify the implementation of a smart lighting system in an office or industrial application. Industries and factories are now focusing on energy-efficient lighting solutions owing to the government regulations for energy saving. Thus, PoE lighting is among the preferred solutions being adopted by them. Furthermore, growing adoption of industry 4.0 is expected to create opportunities for players offering PoE lighting solutions for the industrial vertical.
Europe to hold second-largest share of PoE lighting market during forecast period
The high market share of the region is attributed to the increasing awareness about energy conservation and the implementation of various government initiatives for it. The 2012 Energy Efficiency Directive and Energy Performance of Building Directive (EPBD) by the European Union has helped establish and promote energy conservation measures in different sectors, such as industrial and commercial workplaces, as well as residential complexes. The growth of the European PoE lighting market is also expected to be driven by the growing adoption of digital workspaces for smart, cost-efficient, and flexible environment. For instance, The Edge in Amsterdam is a leading example of a smart office building in Europe.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Growth Opportunities for PoE Lighting Market 4.2 PoE lighting Market, By Wattage 4.3 PoE lighting Market, By Offering 4.4 Market, By Application 4.5 Market, By Geography
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Penetration and Decreasing Cost of LEDs 5.2.1.2 Growing Adoption of PoE Lighting Solutions in Commercial and Healthcare Applications 5.2.1.3 Rising Need for Cost-Effective Lighting Solutions 5.2.2 Restraints 5.2.2.1 High Cost of PoE Switches and Requirement of Additional Equipment 5.2.3 Opportunities 5.2.3.1 Improving PoE Standards for Higher Power, Speed, and Efficiency 5.2.3.2 Growing Adoption of Smart and Automated Systems and Rising Demand for Smart Workplaces 5.2.4 Challenges 5.2.4.1 Limited Transmission Distance and Power Delivery Rates
6 Industry Trends 6.1 Introduction 6.2 Value Chain Analysis 6.2.1 Research and Development 6.2.2 Manufacturers/Suppliers 6.2.3 System Integrators 6.2.4 Software/Platform Providers 6.2.5 End-Use Applications 6.3 PoE and Cable Standards 6.4 Connected Market 6.4.1 Lighting Control System 6.4.1.1 Lighting Control System Market, By Offering 6.4.1.2 Lighting Control System Market, By Application
7 PoE Lighting Case Studies 7.1 Overview 7.1.1 The Compucom Digital Campus 7.1.2 The Edge: Smart Office 7.1.3 Quest Corporate Campus 7.1.4 Haverkamp Properties: Apartments 7.1.5 Smart Office: Albertslund Municipality in Copenhagen 7.1.6 The DES Moines Electrical Apprenticeship 7.1.7 The West Baden Springs Hotel
8 PoE Lighting Market, By Offering 8.1 Introduction 8.2 Hardware 8.2.1 North America to Dominate PoE Lighting Hardware Market During the Forecast Period 8.2.2 Power Sourcing Equipment (PSE) 8.2.2.1 PoE Endspan 8.2.2.2 PoE Midspan (Midspan PoE Hub Or Midspan PoE Or Power Injector) 8.2.3 Powered Device (PD) 8.2.4 Other Components 8.3 Software and Services 8.3.1 Software and Service Offerings to Grow at A Higher CAGR During Forecast Period
9 PoE Lighting Market, By Wattage 9.1 Introduction 9.2 Up to 25 Watts 9.2.1 PoE Lighting Market for Up to 25 Watts to Register Highest CAGR in APAC During Forecast Period 9.3 Greater Than 25 Watts 9.3.1 Greater Than 25w Segment to Dominate PoE Lighting Market During Forecast Period
10 PoE Lighting Market, By Application 10.1 Introduction 10.2 Commercial 10.2.1 Growing Adoption of PoE Lighting in Offices and Healthcare Applications is Driving PoE Lighting Market 10.3 Industrial 10.3.1 Industrial Application to Exhibit Highest Growth During Forecast Period 10.4 Residential 10.4.1 North America to Account for Largest Share of Residential PoE Lighting During Forecast Period
11 PoE Lighting Market, By Geography 11.1 Introduction 11.2 North America 11.2.1 US 11.2.1.1 Growing Demand for PoE Lighting Solutions in Commercial and Industrial Spaces to Drive PoE Lighting Market in US 11.2.2 Canada and Mexico 11.2.2.1 Increasing Consumer Awareness Regarding Energy-Efficient Lighting Systems and High Infrastructural Investments are Propelling Market in Canada and Mexico 11.3 Europe 11.3.1 Germany 11.3.1.1 Increasing Adoption of Industry 4.0 to Drive Market in Germany 11.3.2 France 11.3.2.1 Strong Economic Conditions to Lead France to Be Among Early Adopters of PoE Lighting Systems 11.3.3 UK 11.3.3.1 Improvements in Current PoE Standards and Advancements in Efficiency of Leds to Propel Market in UK 11.3.4 Rest of Europe 11.3.4.1 Rest of Europe to Exhibit Highest Growth in European Market 11.4 APAC 11.4.1 China 11.4.1.1 China to Dominate PoE lighting Market in APAC During Forecast Period 11.4.2 India 11.4.2.1 Rising Government Expenditure on Public Infrastructure and Increasing Focus of Governments on Environment Protection and Energy-Efficient Systems to Drive PoE lighting Market in India 11.4.3 Japan 11.4.3.1 Increasing Adoption of PoE Lighting in Commercial Spaces to Drive Market in Japan 11.4.4 Rest of APAC 11.4.4.1 Increasing Government Expenditure on Public Infrastructure and Continuing Growth in Commercial and Industrial Building Construction to Drive PoE lighting Market in the Region 11.5 Rest of the World 11.5.1 Middle East & Africa 11.5.1.1 Middle East & Africa to Dominate PoE lighting Market in Rest of the World 11.5.2 South America 11.5.2.1 Increasing Focus of Municipalities and Utilities on Energy Efficiency and Cost-Saving Systems to Drive Market in South America