The global Power Over Ethernet (POE) Lighting Market is expected to reach USD 1.62 Billion by 2028, according to a new report by Reports and Data. The growth of this market is mainly dependent on POE based products. Many devices like VoIP and wireless access points, especially in the commercial vertical are POE-compatible. The continuous increase in the demand of these devices has led to surging in the market of POE lighting market as well.
As the market is still at inception, companies are wary of using it for lighting. Even though POE is successful in the telephone system, it is still not accepted widely in lighting. Few companies realize its benefits and partnerships have been formed between lighting and technology companies. Plans are to integrate these POE lightings in the buildings, especially in commercial sectors. However, the limitations on the power delivered by POE-based power sourcing to end devices are hindering the growth of the market.
North America holds the largest market share of 34%. This is mainly due to the easy availability of POE-power sourcing equipment and rise in demand for POE controllers and ICs. High purchasing power in the developed region is boosting the growth of this market in this region. Asia Pacific is expected to grow at a higher CAGR of 12.8% with an increase in applications of LED lightings and emergence of new constructions.
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The global Power Over Ethernet (POE) Lighting market research report covers study of competitive landscape, product analysis, application analysis, regional analysis, revenue assessment, cost structure analysis, and revenue forecast up to 2028. The report uses advanced analytical tools to research, gather, and analyze data. The in-depth research report has been formulated through extensive primary and secondary research and further corroborated from industry experts, professionals, and research analysts. The report covers a complete analysis of the Power Over Ethernet (POE) Lighting industry and offers the reader a competitive advantage to stay ahead of the other players.
Further key findings from the report suggest
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The report offers a comprehensive analysis of the key geographical regions to provide insights into key factors influencing market growth in the regions. Production and consumption ratio, import/export analysis, supply and demand, consumer behavior and demands, current and emerging trends, regulatory framework, strategic alliances, technological advancements, economic growth, and robust presence of key players in each region. The report also covers an extensive country-wise analysis to provide better understanding of the market growth in each key region of the world and help investors, stakeholders, and clients to capitalize on lucrative growth opportunities.
Regional analysis covers:
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Power Over Ethernet (POE) Lighting Market Segmentation:
Type Outlook (Revenue, USD Million; 2020-2028)
Device Type Outlook (Revenue, USD Million; 2020-2028)
Application Outlook (Revenue, USD Million; 2020-2028)
Vertical Outlook (Revenue, USD Million; 2020-2028)
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