NEW YORK, Oct 26, 2022 (GLOBE NEWSWIRE) – According to the latest industry research from The Insight Partners titled “Power over Ethernet market Volume and Participation Forecasts to 2027 – Impact of COVID-19 and Global Analysis by Type (Power Source Equipment (PSE) and Powered Devices (PDs)); Application (internet of things connectivity, lighting control, infotainment, access control and security, communication applications, etc.); End User (Residential, Commercial, Industrial) and Geography,” the global powerhouse estimated the Ethernet market size at $820.4 million in 2019 and is expected to reach $1.917.4 million by 2027; it is expected to grow at a compound annual growth rate of 11.8 % from 2020 to 2027.
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Scope of the Global Power Over Ethernet Market Report:
|Market size value in||$820.4 million in 2019|
|Market size value by||$1,917.4 million by 2027|
|growth rate||Compound annual growth rate of 11.8% from 2020-2027|
|number of pages||178|
|number of tables||88|
|Number of charts and shapes||84|
|Available historical data||yes|
|Sectors covered||type and powered devices); Request ; End user and geography|
|Regional scope||North Amarica; Europe; Asia Pacific; Latin america; Middle East Airlines|
|country range||United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
Recent market initiatives:
2021: Cisco Systems, Inc. on Acacia Communications, a manufacturer of high-speed coherent optical interconnection products for US$4.5 billion.
2020: Silicon Laboratories, Inc. Three new integrated circuits for PSE and PD products, a Si3471 PSE controller, a Si3474 quad Ethernet PSE controller, and a single-chip Si34071 PD solution that reduces the complexity and cost of adding 90 W PoE to powered devices (PD) and adding 90 W PoE to equipment Energy sources (PSE).
2019: STMicroelectronics has launched two new ICs PM8804 and PM8805 with 100W PoE standard for smart building and communication application. The new chips introduce a PoE converter circuit for PD devices up to Class 8.
2019: Silicon Laboratories, Inc. New series of Power over Ethernet (PoE) devices, Si3406x and Si3404. The new series targets wireless access points, IP phones, IP cameras and smart lighting. The new integrated circuits support IEEE 802.3 in PoE+ power capabilities.
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Power over Ethernet Market in Asia Pacific Region Growing at Highest Compound Annual Growth Rate:
The Power over Ethernet market in the Asia Pacific region is segmented into China, India, Japan, Australia, South Korea, and the rest of the Asia Pacific region. The rise in disposable income and the improvement of internet infrastructure in Asian countries are allowing people to purchase high-end products, including smartphones, laptops, wearables, and tablets. China, India, Indonesia and Japan are emerging markets with a large number of smartphone users. Currently, there is a huge demand for low-cost, low-power consumer electronics devices powered by an Ethernet connection. Policy makers and regulators in both developed and developing countries in the Asia Pacific region are working to create a favorable growth and investment environment for industrial sector development and adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things, Blockchain, 5G and unipolar computing. China contributes a large share of the total power via Ethernet market in the Asia Pacific region.
The growing telecom sector in the Asia Pacific region, particularly in developing economies, along with increasing mobile and internet penetration, is driving power over the Ethernet market in the region. APAC is the fastest growing market for telecom service providers. Moreover, the rate of voice and data consumption in the Asia Pacific region is experiencing significant growth due to the large number of mobile and broadband subscribers and users, which leads to huge growth opportunities for Power over Ethernet providers. Additionally, mobile data and internet traffic in the region is also expected to increase. Moreover, the increasing adoption of the Internet of Things and connected devices has helped telecom operators continue to grow and provide services beyond connectivity. Power over Ethernet offerings ensure significant benefits such as reduced costs, increased productivity, and automated business processes for customers; Moreover, they lead companies towards innovative products and services, new lines of business, and new business models.
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Increased adoption of LED lighting:
The popularity of LED lighting has grown at an unprecedented rate over the past few years due to the declining price of LED and increasing technological advances. Moreover, the increasing need to save energy through efficient lighting is gradually reducing the adoption of fluorescent and incandescent lighting, which in turn is fueling the demand for LED lighting worldwide. According to statistics from the International Energy Agency (IEA), the global uptake of LED lighting in the residential sector increased from 5% in 2013 to 40% in 2018. LED lighting solutions are highly durable and have a lower environmental impact; Moreover, it is cost effective and has a longer life span. Moreover, government initiatives to phase out inefficient halogen and fluorescent lamps and introduce minimum quality standards for LED lighting integrated with Power over Ethernet. Several players in the market are focused on developing LED lighting and connecting it to power via Ethernet technology. For example, Wipro Lighting offers POE-based solutions combined with LED lighting technology, facilitating customizable environments for the data center, modern workspaces, education, healthcare, and retail sectors. POE based LED lighting offers various options for central and distributed structures, which provide the flexibility to either mount related switchgear in an IDF/electrical panel room or ceiling. These developments and facilities related to POE-based LED lighting are driving the growth of the POE market.
The five largest companies in the Power over Ethernet market include Broadcom Inc. and Cisco Systems, Inc. and Dell Inc. and Silicon Laboratories Inc. and Texas Instrument Incorporated. The above list of major players is derived by considering multiple factors such as total revenue, existing Ethernet portfolio, new product launches, market initiatives, technology scaling investment, mergers and acquisitions, and other joint activities. There are many other prominent players in the global Power over Ethernet market ecosystem such as Huawei Technologies Co., Ltd, Maxim Integrated Products, Inc, STMicroelectronics NV, ON Semiconductor Corporation, and Monolithic Power Systems, Inc, among others.
PoE’s intermediate or injector wipers allow both electricity and data to be handled; Therefore, Internet-based devices such as VoIP phones work efficiently by connecting them with just one cable instead of two. The reason for the continuous rise in this market is due to the increasing demands for PoE based products such as IP cameras, wireless access points, VoIP phones, etc. Many of the advantages of VoIP phones are ease of installation and maintenance and low cost of communication, which has led to the increased prevalence of VoIP phones. Hence, boost the Power over Ethernet market during the given forecast period 2020-2027. PoE must follow different standards such as 802.3af, 802.3at, and 802.3bt. The increasing adoption of PoE technology for security applications is boosting the market as a whole, and the 802.3af standard is being used for IP camera application. The advanced version of PoE follows the 802.3at standard, which is also known as PoE Plus and is used to provide about 34.2 watts of power to powered devices (PD). In addition, the applications of Ethernet cables are increasing globally, which is estimated to boost the growth of the PoE market further. These standards support many devices such as building management devices, video conferencing hardware components, digital signage devices, and point-of-sale (PoS) devices.
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