Mar 9, 2023

was valued at USD 227 million in 2021 and expected to reach USD 1,378.6 million by 2030, at a Compound Annual Growth Rate (CAGR) of 28.2% during the forecast period. Major vendors in the Global Power over Ethernet (POE) LED Lighting Market include Cisco Systems, STMicroelectronics, Signify Holding, Monolithic Power Systems, Inc., Hubbell Inc., Texas Instruments Incorporated, H.E. Williams, Analog Devices, Herbert Waldmann GmbH & Co. Kg, Deco Lighting, Inc., Siemon, Igor, Ubiquiti Networks Inc., Mollex, Prolojik, Cypress, Silvertel, Akros Silicon, Inc., ALLNet GmbH, Eaton Lighting, Wipro Lighting, NuLEDs, Inc., Axis Lighting, GENYSIS PoE Lighting Systems, Ideal Industries, Maxim Integrated Products, Inc., NETGEAR March 09, 2023 06:00 ET Pune, INDIA New York, United States, March 09, 2023 (GLOBE NEWSWIRE) -- Global Power over Ethernet (POE) LED Lighting Market worth $1,378.6 Million by 2030 According to a research report published by Spherical Insights & Consulting, The Global  Power over Ethernet (POE) LED Lighting Market  Size is to grow from USD 227 million in 2021 to USD 1,378.6 million by 2030, at a Compound Annual Growth Rate (CAGR) of 28.2% during the forecast period. Key Insights The Power over Ethernet (POE) LED Lighting Market size was valued at USD 227 million in 2021 The market is growing at a CAGR of 28.2% from 2022 to 2030 The Global Power over Ethernet (POE) LED Lighting Market is expected to reach USD 1,378.6 million by 2030 The market is geographically divided into five regions: Europe, South America, the Asia-Pacific, North America, and the Middle East and Africa. Get a Free Sample Copy of This Report @  https://www.sphericalinsights.com/request-sample/1496 The increasing penetration of high-tech lighting systems in smart buildings, falling LED costs, expanding use of PoE lighting solutions in commercial and healthcare applications, growing demand for cost-effective lighting solutions, expanding accessibility of intelligent and automated systems, and growing demand for sophisticated workplaces are the main factors propelling the power over Ethernet (POE) LED lighting market growth. When we talk about Power over Ethernet (POE) LED Lighting, we're referring to the ability to power and communicate data between luminaires and software applications via an Ethernet cable. Power over Ethernet (POE) LED lighting connects, monitors, and controls LED light fixtures used in smart building systems by using Power over Ethernet technology. Smart power over Ethernet (POE) LED lighting helps to build owner’s health and environmental and environmental goals by lowering installation and operational expenses in half. When it comes to powering smart devices in a network, power over Ethernet (POE) LED lighting is a low-cost, dependable, and adaptable solution. It is required for smart buildings and their ecosystems of network-connected devices, such as lighting, window coverings, sensors, HVAC controllers, cameras, and security systems. Power over Ethernet (POE) LED lighting has advanced from supplying up to 25W of power over Ethernet cabling to supplying above 25. The quantity and variety of devices that can be powered and linked by power over Ethernet (POE) LED lighting have increased significantly as a result of that growth. Browse key industry insights spread across 210 pages with 121 market data tables and figures & charts from the report “ Global Power over Ethernet (POE) LED Lighting Market  Size, Share, and COVID-19 Impact Analysis, By Wattage (Up To 25 Watts and Above 25 Watts), By Application (Commercial, Industrial, Residential, Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030 "Get Detailed Report Description Here:  https://www.sphericalinsights.com/reports/power-over-ethernet-poe-led-lighting The commercial segment is dominating the market with the largest market share of 40% over the forecast period. Based on applications, the global power over Ethernet (POE) LED lighting market is segmented into commercial, industrial, residential, and others. Among these, the commercial segment dominates the market with the largest market share of 40% over the forecast period. The commercial sector consists of workplaces, malls, retail stores, hospitals, schools, arenas, stadiums, and lodging facilities. The presence of significant PoE lighting solution providers and the rising demand for PoE lighting solutions in commercial industries are driving the power over Ethernet (POE) LED lighting market expansion across the world. The above 25 watts segment is witnessing a higher growth rate over the forecast period. Based on wattage type, the global power over Ethernet (POE) LED lighting market analysis is segmented into up to 25 watts and above 25 watts. Among these, the above 25 watts segment is witnessing a higher growth rate over the forecast period. The rise in the demand for high input-powered lighting devices and improved PoE technologies are the major driving factors for the power over Ethernet (POE) LED lighting market. The development of integrated solutions in luminaires by OEMs is increasing input power requirements. As a result, high-wattage, above 25 watts PoE lighting solutions are expected to witness higher market growth. Power over Ethernet (POE) LED Lighting Market Report Scope: - Report Metric