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Power over Ethernet (POE) LED Lighting Market Size, Share & Industry Analysis, By End User (Commercial (Retail, Healthcare, and Education), Industrial, and Residential) and Regional Forecast, 2019-2026

Region : Global | Format: PDF | Report ID: FBI101666

 

KEY MARKET INSIGHTS

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The global power over ethernet (POE) LED lighting market size was at 192.3 Million Units in 2018 and is expected to reach 544.8 Million Units by 2026, exhibiting a CAGR of 14.1% during the forecast period.

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More commercial buildings are moving towards advanced lighting systems, which would support to maintain energy usage and required less Ethernet. Among some advanced lighting system such as enterprise network and LED Lighting  system, deployment of power over ethernet  LED lighting is gaining more popular among end-users. POE LED Lighting operates on direct current (DC) power this utilized low voltage category cabling system, instead of requirement of traditional electrical AC wiring system. POE lighting requires maintenance energy, energy end-users, and installed with another lighting system at low-cost deployment.


Power over ethernet (PoE) is a LAN switching technology. PoE technology helps to transmit data and low-voltage direct current (DC) power from power sourcing equipment (PSE), over ethernet cable. These Ethernet cables help to connect powered devices, including IP phones, cameras, point-of-sale machines, access control card readers, LED luminaires, and other industrial and building automation applications.


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Currently, at a global level, POE lighting solutions illuminate over more than 1 billion square feet of commercial spaces. Demand for POE lighting system is expected to increase in the smart lighting industry, as it reduces energy cost by up to 90%; also, it improves safety and comfort and lowers capital lightinet standards have expanded the potential of PoE. Over the years, POE technology has integrated into various applications and devices. Also, POE standards are adapted to support more devices, and the technology will integrate throughout enterprise networks in the coming years.


MARKET DRIVERS


“Continuous Increase in the Demand of VOIP and Wireless Access Points Devices to Emerge as a Prominent Market Driver”


Increasing adoption of an advanced lighting system in smart buildings is anticipated to drive the POE LED Lighting market growth in the near future. Also, rise in the connected devices would enhance the POE lighting market opportunity. This will enable POE lighting technology to connect with devices such as Siri, Alexa, and other virtual assistants and control devices. Next-generation Li-Fi technology would  be an opportunity for the market growth during forecast period. Li-Fi technology is an advanced wireless communication that uses LED lights to transmit data wirelessly. PoE lighting eliminates the installation cost. Li-Fi can rely on existing LED lights with transmit Li-Fi, PoE can easily be used to power Li-Fi technology in near future. Further, the rising initiative for development of smart city would provide opportunity for power over ethernet LED lighting solutions market in coming years. Also demand for POE lighting would surge from retail industry, aircraft carriers, oceans lighting, and traffic lights. 


SEGMENTATION


By End-User Analysis


“Commercial industry segment to hold the largest volume share during the forecast period.”


Based on the end-user, the market is classified into commercial, industrial, and residential. The commercial segment accounts for maximum POE LED lighting market share in terms of volume units during the forecast period. The growth in this segment is mainly due to the rising demand for VOIP and security camera in the various commercial industries including healthcare, education, and retail. PoE technology helps to transmit power and data simultaneously in commercial applications. With the help of POE LED lighting system, organizations can easily operate an array of smart devices from a remote location. This helps to eliminate the custom need for onsite maintenance workforce and fasten the troubleshooting options.


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Further, increasing deployment of core technologies such as artificial intelligence and machine learning (M2M, M2P) in industrial application is expected to boost the market in the forecast period. Further, key companies in this market are focusing on mergers and collaboration with power management companies. For instance, in July 2016, NuLEDs, Inc., provider of power-over-ethernet (PoE) lighting systems, collaborated with Eaton Corporation, Power management company to secure and advanced the building in industrial and commercials industries. This collaboration offer end-user with combine product and solution of Eaton and NuLEDs. These products include PoE enabled light-emitting diode (LED) luminaires, sensors, software, and keypads.


REGIONAL ANALYSIS


The market is segmented into five major regions namely, North America, Europe, Asia Pacific, Middle East & Africa and Latin America. These regions are further sub-segmented into countries for market analysis and estimation. Globally, North America is estimated to dominate the POE LED Lighting market and is projected to grow at decent CAGR (%), during the forecast period. Growth in this region is mainly due to the strong presence of technology provider and fast adoption of core technologies which help to enhance control over the light quality, lower power consumption and increase the overall efficiency. Moreover, rising demand for security and access control applications in smart cities and smart buildings applications is also driving the need for power over Ethernet market in this region.


Europe is also expected to hold a strong position in POE LED lighting solution market by observing moderate growth during the forecast period. This growth is due to rising demand for LAN switching technology in various industry vertical. Latin America and Middle East & Europe are likely to exhibit moderate growth during the forecast period.


North America Power over Ethernet (POE) LED Lighting Market Size, 2018, (Million Units)

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Asia Pacific is estimated to observe robust growth in this market due to increasing manufacturing industries in countries such as China, India, Japan, and others. Further, developed countries, including Japan and South Korea, have rising opportunities for power over Ethernet investment and financing, holding maximum of market share in this region. Further, increasing adoption of VoIP (telephone connection over the Internet), among the various applications is expected to drive the growth of POE lighting market.


INDUSTRY KEY PLAYERS


“Eaton, Cisco, and Igor, Inc. to hold a strong position in POE LED lighting market landscape.”


Key companies are the focus on investing for the development of PoE connected lighting solutions. For instance, in 2017, NuLEDs, Inc. launched Spicebox, an advanced PoE Control Module. This module helps to deliver power and management capabilities for LED fixtures. Spicebox is a networking device with a unique IP and MAC address.


Some of the major players in the POE LED lighting market include Eaton lighting, Cisco Systems, Inc., Igor, Inc., NuLEDs, Inc., and Signify Holding (Philips). These companies are investing huge sums in POE technology. At present, the global POE LED Lighting market is dominated by some of the market players holding nearly half of the global market share. The dominance of key players is dependent based on investment in advanced technology, research & development, and innovative strategic acquisitions and partnerships. For instance, In November 2018, Wipro lighting announced a strategic partnership with Ignor for Intelligent Lighting and Smart Building. Ignor has trusted IoT Smart Building PoE technology.


LIST OF KEY COMPANIES COVERED:



  • Akros Silicon, Inc.

  • Cisco Systems, Inc.

  • Eaton lighting

  • GENISYS PoE Lighting Systems

  • Igor, Inc.

  • Maxim Integrated Products, Inc.

  • NuLEDs, Inc.

  • Platformatics INC.

  • Signify Holding (Philips)

  • Texas Instruments Incorporated.


REPORT COVERAGE


The report offers qualitative and quantitative insights on POE LED lighting solution and a detailed analysis of market size & growth rate for all segments covered. Along with this, the report provides an elaborative analysis of market dynamics, emerging trends, and competitive landscape.


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Notably, this market study covers analysis particularly for LED lighting deriving power over ethernet.  Key insights offered in the report are the adoption trends of power over ethernet LED lighting, recent industry developments such as partnerships, mergers & acquisitions, business strategies of leading market players, key policies and regulations, macro and micro-economic indicators and consolidated SWOT analysis of key players along with PESTLE analysis


Report Scope & Segmentation





































 ATTRIBUTE



 DETAILS



Study Period



  2016-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2016-2017



Unit



  Volume (Million Units)



Segmentation



By End-User



  • Commercial

    • Retail

    • Healthcare

    • Education



  • Industrial

  • Residential



By Region



  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Russia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

  • Latin America (Brazil, Mexico, and Rest of Latin America)



INDUSTRY DEVELOPMENT:



  • November 2017 - Wipro Lighting collaborated with Cisco Systems to offer smart lighting solutions for small and large commercial enterprises. With this collaboration, Wipro combined its smart & connected lighting systems with cisco’s digital building solutions.

  • November 2018 – Schréder partnered with Wipro Lighting to deliver advanced lighting solutions backed with POE network for smart cities and smart buildings.


Frequently Asked Questions

As per our (Fortune Business Insights) study, the global power over ethernet (POE) LED lighting market stood at 192.3 Million Units for the year 2018.

The global power over ethernet (POE) LED lighting market is estimated to reach 544.8 Million Units by the end of 2026.

At a CAGR of 14.1%, the global power over ethernet (POE) LED lighting market will exhibit robust growth during the forecast period (2019-2026)

As per our study, commercial users are more inclined towards adopting power over ethernet (POE) LED lighting. North America power over ethernet (POE) LED lighting market stood at 71.6 Million Units in 2018.

Within the end user segment commercial user is expected to have a significant market of power over ethernet (POE) LED lighting and is also expected to hold major share of the market during the forecast period.

Increasing adoption of an advanced lighting system in smart buildings is the driving factors for the power over ethernet (POE) LED lighting market.

PoE connects LED light sources to the internet and offers users access to smart lighting solution which enables users to remotely control their lighting systems through a mobile client device over internet.

Some of the key players in the market include Akros Silicon, Inc., Cisco Systems, Inc., & Eaton lighting. These market players are focusing on agreements, acquisitions, and developments in the power over ethernet (POE) LED lighting market.

The major players in the market constitute nearly half of the market and are focused on maintaining their dominant position by investing in innovative lighting technology, research & development, and strategic acquisitions and partnerships.

Power over Ethernet (POE) LED Lighting Market Size, Share and Global Industry Trend Forecast till 2026
  • Nov, 2019
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