Power over Ethernet (PoE) market is anticipated to grow at a significant CAGR during the forecast period . The PoE-based devices include power delivery systems (PDS), power supply systems (PSE), and both. These devices transmit power and enable AC connection without any external equipment or remote to be installed for power connection. The economic cost, flexibility, and higher efficiency are key features attributed to PoE-based systems and are expected to drive the global power over the ethernet market.
The rising emergence of intelligent factories with fully integrated, reliable, and flexible infrastructures over existing networks owing to the gain process of self-optimization propels the demand for seamless communication and data storage solutions. This will emerge as the most dominant factor for the growth of the market during the forecast period. Additionally, the rising penetration of cloud-based services, data analytics, and the internet of things (IoT) in various industrial verticals to enhance productivity with improved transmitting technology is creating ample growth opportunities for the global PoE market.
Furthermore, the increasing investments and initiatives by the government and the growing advent of smart grid processes are anticipated to create lucrative growth opportunities for the global PoE market. The growing prevalence of VoIP, network security-based cameras, RFID readers, proximity sensors, and others across the industries are anticipated to boost the demand for PoE-based devices. This factor will contribute significantly to the growth of the market during the forecast period.
Besides, the key players present in the global PoE market include Maxim Integrated Products, Inc. Broadcom Inc., and Cisco Systems Inc., among others, are adopting various strategies such as product launches, and mergers & acquisitions, among others to remain sustained in the market. For instance, in March 2020, Silicon Laboratories, Inc. announced a new product launch for PSE and PD products. Si3471 PSE controller, Si34071 single-chip PD solution, and Si3474 quad Ethernet port PSE controller with the efficient power of 90 W and least complexities are some innovative products designed by the company to launch in the market.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Technology
- By Application
Competitive Landscape- Belden Inc., Broadcom Inc., Cisco Systems Inc., Texas Instruments Inc., and others.
PoE Market Report Segmentation
By Technology
- Powered Device
- Power Sourcing Equipment
By Application
- Commercial
- Residential
- Industrial
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PoE Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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