Power Over Ethernet (PoE) Lighting Market Analysis by Size, Share, Growth, Trends, Revenue and Forecast 2026
The Power Over Ethernet Lighting Market is anticipated to develop at a CAGR of 30.6 % from 2021 to 2026, from USD 243 million in 2021 to USD 922 million in 2026. For PoE lighting, North America holds the greatest market share. However, APAC is anticipated to develop at the fastest rate throughout the projection period due to the constantly evolving nature of technology and consumer demands in high-potential regions like China, Japan, South Korea, and Australia. The PoE lighting market is showing a positive outlook as a result of technological developments, the rise of new business models, as well as new buildings in the region's developing cities. The expansion of the commercial and industrial sectors in APAC will further encourage the use of PoE lighting. Additionally, the expansion of end-use industries and rising government spending are helping the PoE Lighting Market in the region. The region's largest demand for PoE lighting is anticipated to be in China. The PoE Light