Power-over-Ethernet market rise with proliferation of Power-over-automation and data center and enterprise networks
New York, Sept. 21, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Power over Ethernet Market, By Types, Power to Port, Application, End User – Forecast 2030,” The market is expected to thrive at a robust CAGR of approximately 16.20% during the valuation period and surpass $3.2 billion.
Power over Ethernet Market Overview:
The global Power over Ethernet market is growing rapidly mainly due to the rise of end-user industries. In recent years, aerospace, defense, energy and power, pharmaceutical, oil and gas, food and beverage, chemical, automotive and other industries have experienced rapid growth. It is estimated that these industries will keep increasing the Power over Ethernet market share during the period.
Market size in 2030
16.20% CAGR (2022-2030)
Important market opportunities
More and more companies are adopting the POE market and related technologies
Important market drivers
Paired Ethernet cables require little maintenance for optimal performance
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The next generation of PoE technology is far more powerful and capable of powering more energy-intensive products such as network routers, VoIP phones, IPTV decoders, industrial control systems and LED lighting fixtures. According to Market Research Future (MRFR), the global Power over Ethernet market is expected to reach approximately USD 3.2 billion by 2030, growing at a CAGR of 16.20% over the reporting period (2022-2030).
The proliferation of Power over Automation and data center and enterprise networks are important factors affecting the growth of the Power over Ethernet market. At the same time, new economic and technical trends offer great opportunities for PoE providers. Industry players are encouraging investments to work on countermeasures that would further positively impact the market growth.
Ethernet is a standard communication protocol for network systems that enables communication between devices. It enables connection between multiple computers, devices, machines, etc. over a single network. Power over Ethernet (PoE) is a technology that LANs implement to allow electrical power to power any device, transmitted over Ethernet data cables instead of standard electrical wires.
This technology also ensures the timely transfer of data required to perform a specific operation. Power over Ethernet has recently become a popular term in the manufacturing world. PoE is the most popular and widely used in smart home applications and business premises today. The Ethernet cabling used in PoE is much cheaper and can carry both power and data. As a result, less wiring is required and the electrical wiring can remain intact.
Browse the in-depth market research report (100 pages). Power over Ethernet Market:
The prospects for the Power over Ethernet market appear promising. This technology offers tremendous opportunities in aerospace, defense, power and energy, pharmaceutical, oil and gas, food and beverage, chemical, automotive and other industries. Power over Ethernet also enables seamless data throughout the production facility via a secure network connection.
This helps to improve productivity in the supply chain and in the production process of the industry and to minimize the downtime of the power supply to processes. As a result, many industries are migrating to the latest process automation technology. The increasing power takeover of the IoT and Internet of Things (IIoT) in manufacturing and process industries increases the market value of power over Ethernet.
In addition, government initiatives to encourage Ethernet adoption in the process and manufacturing industries and the introduction of the latest technologies are increasing market revenues. Conversely, the need for significant capital investments to install Power over Ethernet solutions is a major factor hampering the market growth.
Power over Ethernet market is segmented into Types, Power to Ports, Applications, End User and Region. The type segment is divided into power sourcing equipment controllers and ICs, powered device controllers and ICs, and others. The power-to-port segment is divided into up to 15.4W, up to 30W, up to 60W and up to 100W.
Application segment is divided into Security & Access Control, Connectivity, LED Lighting & Control, Infotainment and others. The end user segment is divided into residential, commercial and industrial segments. The region segment is divided into Americas, Asia Pacific, Europe and Rest of World.
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North America dominates the global Power over Ethernet market due to the presence of many key technology vendors such as Texas Instruments, Maxim Integrated, Linear Technology Corp. and other. Also, the early adopters of the latest technology and communication network protocols as well as the need for high data transmission speeds in data centers in this region are driving the market demand. The United States and Canada have significant shares in the regional market due to rapid industrialization and cross-industry rise.
The Asia Pacific region is another fast-growing market for Power over Ethernet. The increasing demand for POE devices connected to networks with high security and the same security protection for network resources is boosting the region’s market shares. In addition, early adoption of PoE technology and high adoption of IoT devices are major market trends.
The Power over Ethernet market is highly competitive and appears fragmented due to the presence of many established players. Players integrate strategic approaches such as mergers and acquisitions, collaboration, expansion, and product and technology launches to gain significantly greater competitive share. PoE companies emphasize product development. They are also making significant investments to advance R&D activities and expand their global footprint.
For example, on July 19, 2022, the Ethernet Alliance, a global group dedicated to the continued success and advancement of Ethernet, along with UL Solutions, a global leader in applied safety science, announced the availability of PoE Certification Gen 2- Ethernet Alliance tests on Taiwan. PoE device manufacturers can seek Gen 1 and Gen 2 certification through third-party test labs in Asia and North America and at their facilities with Ethernet Alliance-approved equipment.
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Major players in the PoE market are Axis Communications AB (Sweden), STMicroelectronics NV (Switzerland), Texas Instruments Inc. (USA), Maxim Integrated Products Inc. (USA), Broadcom Ltd. (USA), Linear Technology Corp. (USA), Microsemi Corp. (USA), Silicon Laboratories Inc. (USA), ON Semiconductor (USA) and Monolithic Power Systems Inc. (USA).
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Market Research Future (MRFR) is a global market research firm that prides itself on its services, offering a complete and accurate analysis of diverse markets and consumers worldwide. Market Research Future’s mission is to provide clients with research and granular research of the highest quality. Our market research studies by products, services, technologies, applications, end-users, and market players for market segments at global, regional, and country levels allow our clients to see more, know more, and do more to answer your most important questions.
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