The Power over Ethernet market was valued at US$ 820.4 million in 2019 and is projected to reach US$ 1,917.4 million by 2027; it is expected to grow at a CAGR of 11.8% from 2020 to 2027.
As the governments and businesses realize the significance of technology, various government and private initiatives are emerging worldwide for the development of smart cities. A smart city is characterized by various connected devices such as cameras, sensors, recorders, and other smart devices, which utilize information and communication technologies to provide better public wellbeing, service levels, economic development, and sustainability. Moreover, smart city is known for its enhanced safety levels, efficient public utilities, improved public transport services, efficient utilization of energy, economic development opportunities, and data-driven decision making system, among other benefits. The growing need for optimum utilization of resources to create sustainable development across the world is paving the way for smart cities, which is expected to create growth opportunities for POE market players. All these factors are anticipated to boost the growth of the Power over Ethernet market during the forecast period. Additionally, CTA anticipates that ~76% of all smartphones sold by 2022 would be 5G-enabled. Smart devices offer optimized features, such as enhanced display and in-house health monitoring technology. As these advanced features are captivating consumer attention toward intelligent devices, it is a significant driver for the market growth. Further, with the rising implementation of RFID (Radio-frequency identification) technology in asset tracking from the manufacturing and commercial sectors, the demand for POEs is increasing in these sectors. Moreover, increasing adoption of IoT across all the industry vertical to improve efficiency and to save cost is fuelling the growth of the Power over Ethernet (POE) market.
North America dominated the Power over Ethernet market in 2019, and is expected to continue its dominance during the forecast period. In the past few years, there have been developments in data (voice, video, and so on) communication technologies. The advent of the Internet of Things (IoT) and machine-to-machine communication has driven the demand for Power over Ethernet in North America. At present, numerous mobile and telecom devices are in use in the region, and to ensure that these devices operate properly, reliably, and securely, effective software and hardware testing at all stages of the development process are necessary. The mounting adoption of smartphones and other connected devices boosts the demand for Power over Ethernet to ensure seamless functioning in North America.
Impact of COVID-19 Pandemic on Power over Ethernet Market
The emergence and rapid spread of COVID-19 has paralyzed numerous countries including developed as well as developing. The continuous surge in count of infected patients is threatening several industries across the world. The US, India, Brazil, Russia, and France are a few of the worst affected countries in terms of COVID-19 confirmed cases and reported deaths. The outbreak is adversely affecting economies and industries in various countries owing to lockdowns, travel bans, and business shutdowns. Moreover, the US is the most affected country in North America. The growing number of infection has led the government to impose various containment measure such factories shut down, travel restrictions, closure of international boarders, and lockdowns. The manufacturing facility in this region have now lately implemented operation on a rotational basis, regular sanitization of around the facilities, and various measures in order to avoid and minimize human contact. North America is among the region which houses large number of manufacturing organizations, hence the impact of COVID-19 is projected to be quite significant till the first quarters of 2021.
Lucrative Regions for Power over Ethernet Market
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Market Insights
Power over Ethernet (PoE) in Building Automation and Digital Building Applications
The application of PoE-based solutions is surging in building automation owing to its flexibility, reliability, scalability, and cost efficiency in terms of reduced cabling infrastructure and labor costs. PoE's application enables the data network to be adopted for lighting applications that are integrated with advanced sensing technologies, which range from the sensors used for people-counting to operate air quality controls. The rising requirement of intelligent building's, demands the usage of PoE in sensors, connected lighting, and other building controls. For instance, the lighting application of PoE is enabled by the digital nature of light and low-voltage DC power. The installation of PoE offers low-voltage DC power, data for the phone systems and closed-circuit television (CCTV) cameras, and potential for low-voltage devices to get installed away from AC power sources. The PoE lighting system eradicates the AC-to-DC power conversion across each lighting fixture, enhancing the overall building efficiency. Thus, increasing adoption of building automation across residential and commercial sectors is one of the significant factors for the growth of the POE market.
Type-Based Market Insights
Based on type, the global Power over Ethernet market is segmented into Power Sourcing Equipment (PSE) and Powered Devices (PDs). The power devices are used to provide the accurate signature and different classification to power sourcing equipment, thus enable the PSEs to source the right amount of power to PDs through the Ethernet cables. Some of the PD controllers designed by the manufacturers incorporate efficient dc-to-dc converters for simplifying designs, while other PD controllers offer designers the capability to choose their dc-to-dc converters and permit the designers to achieve unique cost-efficiency requirements.
Power over Ethernet Market, by Type – 2019 and 2027
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Application-Based Market Insights
Based on application, the Power over Ethernet market is segmented into IoT connectivity, lighting control, infotainment, access control and security, communication applications, and others. The usage of PoE is considered one of the substantial additions for the smart inventions in the lighting domain. The smart lighting solutions integrate the advanced LED luminaires with digital controls for flourishing desired and appropriate lighting effect. The prominent commercial lighting manufacturers are focusing on the integration of PoE technology with the modular lighting solution that enhances productivity and provides superior safety in a commercial space. The PoE aids the development of a connected and smart workspace to provide the perfect lighting for ensuring the utmost comfort.
End-User-Based Market Insights
Based on end-user, the Power over Ethernet market is segmented into residential, commercial, and industrial. The commercial segment includes office buildings, healthcare, and retail. Increasing concerns associated with the security and communication across the commercial buildings is boosting the installation of PoE based VoIP and IP camera for efficient operations. PoE application for sensors, connected lighting, digital signage, or smart thermostats permits real estate developers, property owners, and corporations to meet the customer demands for a smart building and offer an enhanced experience. Further, the healthcare facilities are robustly focusing on the sites to be equipped with a PoE-enabled network, which are integrally compatible with a PoE/IP Network Synchronized Clock System.
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Power over Ethernet Market: Strategic Insights
Market Size Value in US$ 820.4 Million in 2019 Market Size Value by US$ 1,917.4 Million by 2027 Growth rate CAGR of 11.8% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Power over Ethernet Market: Strategic Insights
| Market Size Value in | US$ 820.4 Million in 2019 |
| Market Size Value by | US$ 1,917.4 Million by 2027 |
| Growth rate | CAGR of 11.8% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Product development is the commonly adopted strategy by companies to expand their product portfolio. Broadcom, Inc.; Cisco Systems, Inc.; Dell Inc.; Huawei Technologies Co., Ltd.; Maxim Integrated Products, Inc; and STMicroelectronics N.V. are among the key players implementing strategies to enlarge the customer base and gain significant share in the global Power over Ethernet market, which in turn permits them to maintain their brand name. A few of the recent key developments are:
- In 2021, Cisco Systems, Inc. acquired Acacia Communications, a high-speed coherent optical interconnect products manufacturer for US$4.5 billion.
- In 2020, Silicon Laboratories, Inc. launched three new ICs for PSE and PD products, Si3471 PSE controller, Si3474 quad Ethernet port PSE controller, and Si34071 single-chip PD solution which reduces the complexity and cost of adding 90 W PoE to powered devices (PD) and of adding 90 W PoE to power sourcing equipment (PSE).
- In 2019, On Semiconductors Corp. announced that their PoE solutions are now compliant with IEEE 802.3bt standards owing to the increasing power demands of IoT endpoints.
Power over Ethernet Market Segmentation:
By Type
- Power Sourcing Equipment (PSE)
- Powered Devices (PDs)
By Application
- IoT Connectivity
- Lighting control
- Infotainment
- Access control and security
- Communication Applications
- Others
By End User
- Residential
- Commercial
- Industrial
Company Profiles
- Broadcom, Inc.
- Cisco Systems, Inc.
- Dell Inc.
- Huawei Technologies Co., Ltd.
- Maxim Integrated Products, Inc.
- STMicroelectronics N.V.
- Texas Instruments Incorporated
- Silicon Laboratories, Inc.
- ON Semiconductor Corporation
- Monolithic Power Systems, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Powered Devices ); Application ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America held the largest share of global PoE due to the growing adoption of Internet-based solutions, rising demand for smart homes, and increasing telecommunication. The growing smartphone adoption is also raising the demand for PoE. Europe is another crucial market for the growth of PoE. The demand for smart homes has increased substantially in the region over the past five years due to the rising penetration of smartphone and other smart devices. Smart home applications consist of advanced security aspects, including PoE solutions and other hardware products, along with other smart features. Consumers in Europe are adopting systems with advanced security features integrated into their smart homes.
The installation of PoE offers low-voltage DC power, data for the phone systems and closed-circuit television (CCTV) cameras, and potential for low-voltage devices to get installed away from AC power sources. The PoE lighting system eradicates the AC-to-DC power conversion across each lighting fixture, enhancing the overall building efficiency. Thus, increasing adoption of building automation across residential and commercial sectors is one of the significant factors for the growth of the POE market.
Lighting control application of PoE led the market in 2019. The usage of PoE is considered as one of the substantial additions for the smart inventions in the lighting domain. The smart lighting solutions integrate the advanced LED luminaires with digital controls for flourishing a desired and appropriate lighting effect. The prominent commercial lighting manufacturers are focusing on the integration of PoE technology with the modular lighting solution that boosts productivity and superior safety in a commercial space.
The List of Companies - Power over Ethernet Market
- Broadcom, Inc.
- Cisco Systems, Inc
- Dell Inc
- Huawei Technologies Co., Ltd
- Maxim Integrated Products, Inc
- STMicroelectronics N.V.
- Texas Instruments Incorporated
- Silicon Laboratories, Inc
- ON Semiconductor Corporation
- Monolithic Power Systems, Inc
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
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We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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