The global Power over Ethernet (PoE) market size is expected to value at USD 3.77 billion by 2025. The market is subject to witness a substantial growth due to the growing need for low cost solutions and increasing demand for high-speed internet. The Power over Ethernet (PoE) provides the transmission of data and information signals over the twisted pair Ethernet.
This allows passage for electric power alongside data to the devices like IP cameras and wireless access points. These factors are expected to drive the growth of Power over Ethernet (PoE) industry over next seven years. Globally, the Power over Ethernet market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the market.
The Power over Ethernet (PoE) technology offer higher data transmission rate and helps to save additional cost of installation for various network cables. In addition, development of innovative products such as network security based cameras, proximity sensors and RFID readers are predicted to favor the growth of Power over Ethernet (PoE) industry over the forecast period. The latest technological trends such as cloud-based services and big data analytics have led to deployment of numerous data centers across the globe, thereby fostering market expansion in the recent years.
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The growing investment by industry players for development of VoIP phones and wireless networking coupled with increasing penetration of the penetration of fiber-optic cable in domestic market are expected to stimulate industry growth in the near future as well. Recently introduced applications and delivery systems that allows customers to remotely operate or to switch to an IP service from POTS services, thus providing a versatile platform. These factors are expected to boost the market demand for Power over Ethernet (PoE) devices and the VoIP services.
The recent advancement in the Power over Ethernet (PoE), also referred as the PoE Plus, has led to improved capability to deliver power up to 34.2W, thus positively impacting market growth in the upcoming years. Rise in the number of application of the Ethernet cable is estimated to enhance the market growth over the next seven years.
The Power over Ethernet (PoE) market is broadly categorized into three major segments based on end-user application type such as residential Power over Ethernet (PoE) devices, commercial, and industrial Power over Ethernet (PoE) devices. The commercial Power over Ethernet (PoE) devices is considered as one of the fastest growing segment in the Power over Ethernet industry with substantial revenue generation in the last couple of years. Growing popularity of the commercial Power over Ethernet (PoE) device segment is attributed to increasing demand from the retail sector, healthcare sector and office buildings.
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Residential application has also witnessed massive growth, in the last few years, owing to the increasing penetration of IP cameras for security, webcams, and VoIP phones. Shifting consumer preference towards home automation and smart home appliances has also contributed to the segment growth.
The Power over Ethernet (PoE) market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in telecommunication sector, growing amount of investments by government R&D activities in the region, development of smart grids, and existence of well-established telecommunication network. Asia-Pacific region is predicted to hold a major market share in the Power over Ethernet (PoE) with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising availability of high-speed internet, growing disposable income among general population, presence of large consumer base, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the Power over Ethernet (PoE) industry are Cisco Systems, Inc., Silicon Laboratories, Inc., ST Microelectronics N.V., Microsemi Co., and Akros Silicon, Inc.
PoE Product Outlook (Transaction Revenue, USD Billion, 2014 – 2025)
• Power Sourcing Equipment
• Powered Devices
PoE Application Outlook (Transaction Revenue, USD Billion, 2014 – 2025)
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