Power over Ethernet Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

The power over ethernet market size is projected to reach US$ 1833.65 million by 2031 from US$ 846 million in 2023. The market is expected to register a CAGR of 10.2 % in 2023–2031. The adoption of cutting-edge technologies, such as smart buildings and the Internet of Things (IoT), is likely to remain a key power over ethernet market trends.

Power over Ethernet Market Analysis

Due to many factors, such as the growing trend of transmitting power and data over long distances via POE switches and injectors, as well as the growing use of Internet Protocol ('IP') technologies, the market is anticipated to develop significantly over the forecast period. A boost to the market is probably in store for optical fiber cables as they become more widely used and adopted for communication. An increasing number of devices that can be powered and controlled remotely are needed as a result of the development of smart building technologies and the Internet of Things. For these applications, power over Ethernet (POE) technology is the best option since it enables centralized power management and control. Smart building and Internet of Things (IoT) applications are made possible through the use of POE and LED lighting. Since POE LED lighting is still in its infancy, there isn't much of it in commercial structures. However, because of its advantages over other lighting technologies in terms of cost, POE lighting is anticipated to become more widely used in the near future, which will help the market expand.

Power over Ethernet Market Overview

Networking equipment uses a technique called power over Ethernet, or PoE, which enables data and power to be transferred over an Ethernet link. It offers ease and versatility in terms of device placement, and it does away with the need for separate power cords. IP phones, webcams, and wireless access points are examples of powered devices (PD) that can receive power from a PoE switch. Power over Ethernet technology has emerged as a crucial networking technology and is becoming more and more popular in the industry as a result of the increasing usage of IoT devices.

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Power over Ethernet Market: Strategic Insights

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Power over Ethernet Market Drivers and Opportunities

Growing Need For Affordable Power Solutions

Because Power over Ethernet (PoE) is so affordable, both consumers and enterprises are finding it more and more appealing. There are huge cost savings because there is no longer a need for pricey power converters when power is supplied straight through the Ethernet wire. Furthermore, PoE is growing in popularity in industrial applications due to its capacity to deliver safe and dependable power while simplifying wiring.

An Increase In Security Lapses

Many businesses have begun installing IP cameras in order to monitor the number of individuals entering and leaving their premises on a regular basis as a result of the increase in security breaches. Additionally, POE solutions are the greatest option for enterprises that deploy several security cameras since they require one cable to provide both network connectivity and electricity. Thus, the increase in security lapses is anticipated to present new opportunities for the power over ethernet market players during the forecast period.

Power over Ethernet Market Report Segmentation Analysis

Key segments that contributed to the derivation of the power over ethernet market analysis are type and application.

• Based on the type, the power over the ethernet market is segmented into Power Sourcing Equipment (PSE) and Powered Devices (PDs). The single core segment held a larger market share in 2023.
• By application, the market is segmented into IoT connectivity, lighting control, infotainment, access control and security, communication applications, and others.

Power over Ethernet Market Share Analysis by Geography

The geographic scope of the power over ethernet market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. In terms of revenue, APAC accounted for the largest power over ethernet market share. It is anticipated that the market for power over Ethernet solutions in APAC will develop significantly in the near future. The rising demand for high-speed internet is driving this market's rise in the area. Furthermore, because network security is becoming more and more important, the Chinese market is always changing.

Power over Ethernet Market Regional Insights

The regional trends and factors influencing the Power over Ethernet Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Power over Ethernet Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Power over Ethernet Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Power over Ethernet Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Power over Ethernet Market are:

1. STMicroelectronics
2. Cisco Systems Inc
3. Dell Technologies Inc
4. Analog Devices Inc
5. Texas Instruments Inc
6. Silicon Laboratories, Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

Power over Ethernet Market News and Recent Developments

The power over the ethernet market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:

• In April 2023, Broadcom Inc. announced the release of Jericho3-AI, which offers the industry's strongest artificial intelligence network fabric. A 32,000 GPU cluster may access high-performance Ethernet thanks to the new Jericho3-AI connected by Broadcom.

(Source: Broadcom, Press Release)

• In November 2022, Analog Devices unveiled the first Single-pair Power over Ethernet solutions in the globe. These products are meant to assist clients in integrating smarter building and factory automation systems. As part of its portfolio, the company also introduced Power Device (PD) and Power Sourcing Equipment (PSE) solutions.

(Source: Analog Devices, Press Release)

Power over Ethernet Market Report Coverage and Deliverables

The “Power over Ethernet Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles