The global Power over Ethernet (PoE) lighting market size is expected to reach USD 2020.7 Million in 2030 and register a revenue CAGR of 26.5% during the forecast period. Rapid adoption of advanced lighting systems in smart buildings, decreasing cost of LEDs, growing adoption of PoE lighting solutions in commercial and healthcare applications, rising need for cost-effective lighting solutions, increasing adoption of smart and automated systems, and rising demand for smart workplaces are key factors driving market revenue growth. In addition, increasing penetration of connected devices across multiple industries provides lucrative opportunities for market companies to expand their global footprint. PoE lighting technology communicates with smart home and virtual assistant devices, such as Alexa and Siri, which result in large-scale adoption among consumers in various countries. In addition, Next-generation Light-Fidelity (Li-Fi) technology also aids in driving revenue growth of the market. Li-Fi is a cutting-edge wireless communication technology that uses Light Emitting Diode (LED) to wirelessly transmit data. PoE lighting eliminates need for costly installation. This is another important factor influencing acceptance in commercial and industrial settings. Moreover, significant investments in Smart Building projects also create new opportunities for expansion of the market.

Other key factors driving market revenue growth during the forecast period include growing smart offices and smart retail trends. Organizations are embracing Digital disruptions to remain relevant, profitable, and attractive to talent. Commercial facility owners and operators are increasingly interested in PoE lighting for energy management and improved performance. PoE allows installers to power, control, and manage a facility's lighting system. Enterprises are also increasingly inclined to consolidate separate systems into a single, secure network infrastructure to improve flexibility, efficiency, and performance, which will drive market revenue growth. Furthermore, growing popularity of remote workplaces and smart retail is driving adoption of PoE to power network devices. However, the PoE lighting market is expected to expand as commercial enterprises adopt smart and automated systems.

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PoE provides power and network connectivity to devices through a single network cable. This technology allows end users to deliver power and data directly to network ports from power-sourcing equipment, such as switches, allowing them to connect power devices including LED luminaries. PoE solutions make network installation and expansion easier and more cost-effective, especially in buildings where installing new power lines would be too expensive or inconvenient. Industrial sectors are increasingly embracing PoE-enabled solutions, which provide advantages, such as lower installation and maintenance costs, lower overall design and construction costs, and reduced labor efforts, due to  limited number of ethernet cables required. In addition, PoE is widely used in industrial applications due to availability of data networking switches that can support thousands of endpoints. Moreover, PoE-enabled solutions are also simple and inexpensive to set up. Another major factor driving market revenue growth is ability to reuse existing Information Technology (IT) networking infrastructure, which also allows end-user industries to install LED lighting solutions in virtually any location. Furthermore, recent technological advancements have allowed automated lighting feature to be integrated into the system, which allows for simple and convenient operation.  

Competitive Landscape:

Cisco Systems, Inc., Monolithic Power Systems, Inc., STMicroelectronics, Texas Instruments Incorporated, Analog Devices, Inc., H.E. Williams, Inc., ALLNET GmbH, Signify Holding, Deco Lighting, Inc., and Siemon. 

The global market is further segmented into type and application:

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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