Power over Ethernet Market to surpass US$ 1,917.4 million by 2027

 According to our latest market study on “Power over Ethernet Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type, Application, and End User,” the market was valued at US$ 820.4 million in 2019 and is projected to reach US$ 1,917.4 million by 2027; it is expected to grow at a CAGR of 11.8% from 2020 to 2027.

The PoE has to follow various standards such as 802.3af standard, 802.3at standard, and 802.3bt standard. The rising adoption of the PoE technology for security applications is boosting the overall market, and the 802.3af standard is used for the IP camera application. The advanced version of PoE follows a standard of 802.3at, which is also known as PoE Plus and is used to deliver around 34.2 W of power to powered devices (PD). Additionally, Ethernet cable applications are increasing globally, which is estimated to boost the growth of the PoE market. These standards support various devices such as building management devices and video-conferencing device components, digital signage devices, and point of sale (PoS) devices. Further, the application of PoE-based solutions is surging in building automation owing to its flexibility, reliability, scalability, and cost efficiency in terms of reduced cabling infrastructure and labor costs. PoE's application enables the data network to be adopted for lighting applications that are integrated with advanced sensing technologies, which range from the sensors used for people-counting to operate air quality controls. The rising requirement of intelligent buildings, demands the usage of PoE in sensors, connected lighting, and other building controls.

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As the governments and businesses realize the significance of technology, various government and private initiatives are emerging worldwide for the development of smart cities. A smart city is characterized by various connected devices such as cameras, sensors, recorders, and other smart devices, which utilize information and communication technologies to provide better public wellbeing, service levels, economic development, and sustainability. Moreover, smart city is known for its enhanced safety levels, efficient public utilities, improved public transport services, efficient utilization of energy, economic development opportunities, and data-driven decision making system, among other benefits. The growing need for optimum utilization of resources to create sustainable development across the world is paving the way for smart cities, which is expected to create growth opportunities for POE market players. All these factors are anticipated to boost the growth of the Power over Ethernet market during the forecast period. Additionally, CTA anticipates that ~76% of all smartphones sold by 2022 would be 5G-enabled. Smart devices offer optimized features, such as enhanced display and in-house health monitoring technology. As these advanced features are captivating consumer attention toward intelligent devices, it is a significant driver for the market growth. Further, with the rising implementation of RFID (Radio-frequency identification) technology in asset tracking from the manufacturing and commercial sectors, the demand for POEs is increasing in these sectors. Moreover, increasing adoption of IoT across all the industry vertical to improve efficiency and to save cost is fuelling the growth of the Power over Ethernet (POE) market.

 

North America dominated the Power over Ethernet market in 2019, and is expected to continue its dominance during the forecast period. In the past few years, there have been developments in data (voice, video, and so on) communication technologies. The advent of the Internet of Things (IoT) and machine-to-machine communication has driven the demand for Power over Ethernet in North America. At present, numerous mobile and telecom devices are in use in the region, and to ensure that these devices operate properly, reliably, and securely, effective software and hardware testing at all stages of the development process are necessary. The mounting adoption of smartphones and other connected devices boosts the demand for Power over Ethernet to ensure seamless functioning in North America.

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Impact of COVID-19 Pandemic on Power over Ethernet Market

The emergence and rapid spread of COVID-19 has paralyzed numerous countries including developed as well as developing. The continuous surge in count of infected patients is threatening several industries across the world. The US, India, Brazil, Russia, and France are a few of the worst affected countries in terms of COVID-19 confirmed cases and reported deaths. The outbreak is adversely affecting economies and industries in various countries owing to lockdowns, travel bans, and business shutdowns. Moreover, the US is the most affected country in North America. The growing number of infection has led the government to impose various containment measure such factories shut down, travel restrictions, closure of international boarders, and lockdowns. The manufacturing facility in this region have now lately implemented operation on a rotational basis, regular sanitization of around the facilities, and various measures in order to avoid and minimize human contact. North America is among the region which houses large number of manufacturing organizations, hence the impact of COVID-19 is projected to be quite significant till the first quarters of 2021.

Geographically, North America held the largest share of the global Power over Ethernet market in 2019, followed by Europe and Asia Pacific. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period. The Power over Ethernet market is segmented on the basis of type, application, end user, and geography. Based on type, the global Power over Ethernet market is segmented into power sourcing equipment (PSE) and powered devices (PDs). The powered devices (PDs) segment represented a larger share of the overall market in 2019. Based on application, the market is segmented into IoT connectivity, lighting control, infotainment, access control and security, communication applications, and others. Based on end user, the market is segmented into residential, commercial, and industrial. In 2019, the commercial segment accounted for the substantial share in the global Power over Ethernet market.

Broadcom, Inc.; Cisco Systems, Inc.; Dell Inc.; Huawei Technologies Co., Ltd.; Maxim Integrated Products, Inc; STMicroelectronics N.V.; Texas Instruments Incorporated; Silicon Laboratories, Inc.; ON Semiconductor Corporation; and Monolithic Power Systems, Inc. are among the companies operating in the Power over Ethernet market.

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