Power over Ethernet (PoE) Solutions Market Growth, Size, Share, Trends, and Forecast 2032

Power over Ethernet (PoE) Solutions Market

The market for power over ethernet (PoE) solutions was estimated to be worth USD 1976.42 million in 2022 and is expected to increase at a compound annual growth rate (CAGR) of around 10.43% between 2023 and 2030, reaching a total estimated value of USD 4351.69 million. The drivers, obstacles, and difficulties in the worldwide power over ethernet (PoE) solutions market are examined in this study along with their impact on demand anticipated over the forecast period. The paper also looks at new prospects in the market for power over Ethernet (PoE) solutions.

Global Power over Ethernet (PoE) Solutions Market: Overview

PoE systems offer network equipment with power by combining data and power over Ethernet. VoIP equipment, RFID readers, remote IP security cameras, motion detectors, wireless LAN access points, and motion detectors are all powered by it. Businesses used to set up a separate cable network to transport data and power. Nevertheless, it led to significant operating and maintenance costs. Businesses began using PoE cables in order to reduce costs.

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Global Power over Ethernet (PoE) Solutions Market: Growth Factors

The market is anticipated to grow in the upcoming years due to the significant need to install power cables at every endpoint in order to offer homes and workplaces with a constant power supply. In addition, the PoE system helps to provide high-speed connectivity to support numerous wireless devices in diverse commercial settings and centralize power in one place. IoT initiatives like smart grid plans, smart buildings, and smart cities are also supported by PoE solutions. Furthermore, the market for power over Ethernet (PoE) solutions will grow even faster with the development of new standards that support new network equipment. Furthermore, a variety of industries will widely embrace power over Ethernet solutions as a result of regulatory bodies’ ongoing efforts to alter current protocols and standards. PoE solutions assist in providing gigabit connections to linked technologies and equipment that is connected to the internet. Throughout the review period, this factor will help fuel the market for power over Ethernet (PoE) solutions.

Global Power over Ethernet (PoE) Solutions Market: Segmentation

There are four segments in the market for power over ethernet (PoE) solutions: type, device, application, and end use. The power over ethernet (PoE) solutions market is separated into two categories based on type: powered equipment and power sourcing equipment. The market is divided into four product categories: VoIP phones, IP cameras, wireless radio access points, and Ethernet switches and injectors. The market is divided into four application categories: infotainment, lighting control, IoT connectivity, and security & access control. The market for power over ethernet (PoE) solutions is divided into three segments based on end-user applications: commercial, residential, and industrial.

Global Power over Ethernet (PoE) Solutions Market: Regional Analysis

Geographically speaking, there are five primary regions that make up the market for power over ethernet (PoE) solutions: Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. In the upcoming years, it is projected that the North American market for power over Ethernet (PoE) solutions will significantly contribute to the growth of the total market. The proliferation of linked devices brought about by the introduction of industry 4.0 is responsible for the growth. In addition, the increasing use of network-connected devices like hubs, routers, and gateways together with wireless devices like iPhones and smartphones will drive regional market growth. Moreover, the prevalence of PoE solution providers in major nations like the United States and Canada will drive regional market trends.

Over the forecasted timeframe, the European market is also expected to develop significantly, provided that supportive policies from governments encourage the adoption of PoE solutions. Furthermore, industrial automation—which is most visibly seen in the manufacturing sector in nations like Germany and the UK—will expand the reach of business within the European Union.

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