Power over Ethernet Market Forecast (2024-2031)
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
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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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 Report Scope
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
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
The global power over ethernet market was estimated to be US$ 846 million in 2023 and is expected to grow at a CAGR of 10.2 % during the forecast period 2023 - 2031.
The growing need for affordable power solutions and an increase in security lapses are the major factors that propel global power over the ethernet market.
The adoption of cutting-edge technologies, such as smart buildings and the Internet of Things (IoT), is anticipated to play a significant role in the global power over the ethernet market in the coming years.
The key players holding majority shares in the global power over the ethernet market are STMicroelectronics, Cisco Systems Inc, Dell Technologies Inc, Analog Devices Inc, and Texas Instruments Inc.
The global power over the ethernet market is expected to reach US$ 1833.65 million by 2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
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.
- 3.1 Macro-Economic Factor Analysis:
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.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
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.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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