How PoE Lighting Market is Revolutionizing Retail Lighting Displays


From 2021 to 2026, the PoE Lighting Market is anticipated to develop at a compound annual growth rate (CAGR) of 30.6%, increasing from USD 243 million in 2021 to USD 922 million in 2026. The Asia-Pacific (APAC) region is expected to grow at the highest rate during the forecast period, with a CAGR of 37.0%, thanks to the rapidly evolving technology landscape and consumer demands in high-potential markets like China, Japan, South Korea, and Australia. At the moment, North America holds the largest market share for PoE lighting. The PoE lighting market is being driven by the expansion of end-use industries, rising public investment, the creation of new business models, and new constructions in the region's developing cities. The largest demand for PoE lighting is anticipated in China, and the region's expanding commercial and industrial sectors will further encourage its use.

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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Increased adoption in commercial and industrial sectors due to low overheads and maintenance costs

Due to its cheap overhead and maintenance costs, Power over Ethernet (PoE) technology is being more widely used in the commercial and industrial sectors. It is simpler and more cost-effective for end users to deliver power and data through cables from power sourcing equipment (PSE) directly to the network port of connected powered devices (PD), such as LED luminaires, thanks to PoE technology, which provides power and network connectivity to devices through a single network cable. PoE-enabled solutions are becoming more and more popular in industrial and commercial structures like offices, warehouses, and retail buildings because they offer advantages including lower installation and maintenance costs, low total design and construction costs, and less labour hours. Due to the availability of data networking switches that can support thousands of endpoints, PoE is frequently used in commercial applications. This enables the implementation of ideas like smart buildings that boost productivity and efficiency.

Growing smart office and smart retail trends

The adoption of Power over Ethernet (PoE) lighting in commercial facilities is being driven by the expanding trends of smart offices and smart retail. PoE lighting is being employed for energy control and improved performance in these settings as organisations embrace digital disruptions to stay relevant, profitable, and attract talent. Through the use of PoE, lighting systems can be powered, controlled, and managed throughout an entire facility. This makes it simpler for businesses to integrate various systems into a single, secure network infrastructure and improve flexibility, efficiency, and performance. Remote workplaces and smart retail environments are also increasingly using PoE to power networked devices. The market for PoE lighting is anticipated to grow as commercial companies adopt smarter and more automated systems.

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Top 2 Players in PoE Lighting Market:

SIGNIFY HOLDING (PHILIPS LIGHTING)

With its headquarters in Amsterdam, the Netherlands, Signify Holding (formerly Philips Lighting) is a world leader in connected lighting solutions and services. The business has operations in more than 60 nations and has manufacturing facilities in Asia Pacific, Europe, and South America. For various applications, Signify offers a wide selection of PoE-capable luminaires, including Day-Brite, Ledalite, LuxSpace, and Lightolier. The company uses PoE technology to deliver the Philips connected lighting system, which helps customers achieve sustainability goals, save money by optimising space, and boost staff productivity. The firm used Cisco network technologies to create its first commercial PoE linked lighting system for smart offices in the Nordics in February 2018.

HUBBELL INC.

Hubbell Incorporated, a 1905-founded company with headquarters in Connecticut, USA, specialises in the production, design, and retail of electrical and electronic goods for a range of uses. The business is divided into the electrical and power categories, each of which has its own business units and brands. A completely integrated, end-to-end PoE network is offered by Hubbell's PowerHUBB, an enterprise-level PoE lighting and control platform that makes use of IoT. PowerHUBB distributes power, controls, and offers monitoring capabilities via Ethernet Cat5e/6 cabling. The company currently offers a wide selection of LED luminaires and is continuously working to increase these selections.

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