With an estimated value of USD 922 million by 2026, the Power Over Ethernet (PoE) Lighting Market is expected to develop significantly. This represents a spectacular CAGR of 30.6% from its 2021 valuation of USD 243 million.

The growing use of PoE technology in lighting systems is the reason for this notable increase. Offerings encompassing hardware, software, and services with a wide range of applications, including commercial and industrial sectors, are used to categorise the market. PoE lighting is transforming the lighting market with improved energy efficiency and simplified control thanks to its ability to supply both power and data over a single Ethernet wire. With the biggest market share at the moment, PoE lighting solutions are clearly well-established and gaining traction in North America.

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However, during the course of the projection period, the Power Over Ethernet (PoE) Lighting Market is expected to grow at the fastest rate in the Asia-Pacific (APAC) region. The dynamic technological landscape and changing client needs, especially in high-potential regions like China, Japan, South Korea, and Australia, are credited with this spike. The thriving market outlook in APAC is driven by continuous construction projects in rapidly developing metropolitan centres, the introduction of novel business models, and technological improvements. The PoE lighting market expects a good trajectory as the area continues to embrace cutting-edge solutions, spurred by the current technology' revolutionary impact on the lighting industry in APAC.

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Power Over Ethernet (PoE) lighting use is expected to increase due to the Asia-Pacific (APAC) region's thriving commercial and industrial sectors. PoE lighting solutions are in high demand, and this need is directly correlated with the rapid expansion of end-use industries, which is being driven by factors like economic development and urbanisation. The PoE lighting industry is expanding in Asia as a result of government efforts and large investments in infrastructure construction. With the region's thriving business and industrial environment, PoE lighting is well-positioned to be widely integrated and demonstrate its potential to become a crucial component of the lighting infrastructure in many APAC sectors.

With the biggest demand, China becomes the centre of attention for the Asia-Pacific (APAC) Power Over Ethernet (PoE) lighting industry. China is in a unique position to lead the adoption of PoE lighting solutions due to the rapidly modernising sectors and expanding technological landscape. The country's dynamic market conditions—characterized by increased urbanisation, infrastructure development, and technical advancements—have a major impact on the growing demand for PoE lighting. The PoE lighting market is expected to grow significantly as China continues to lead the way in adopting cutting-edge technology, positioning the nation as a key player in determining the regional PoE lighting landscape.

The above 25-watt segment, in the market by wattage, of the PoE lighting market, is projected to account for a larger share during the forecast period.

The PoE lighting market, especially for wattages larger than 25 watts, saw a notable share in 2020 and is anticipated to grow at a faster rate over the next several years. One of the main factors driving this market segment is the increase in demand for lighting devices with high input powers and the developments in PoE standards. In order to properly supply supply Devices (PDs), Original Equipment Manufacturers (OEMs) are putting integrated solutions in luminaires that require more input power. This is driving up demand for Power Source Equipment (PSE) with higher output. PoE lighting systems that are more powerful than 25 watts are becoming more and more popular because of their benefits, which include improved brightness, illuminating capabilities, and support for different loads.

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In applications, the commercial segment projected to hold the largest share of the PoE lighting market during the forecast period

Due to factors like improved PoE lighting system efficiency and better affordability, the commercial segment became the market leader in 2020 for PoE lighting. This category includes a range of environments, including workplaces, shops, medical facilities, schools, stadiums, and hospitality spaces. The use of PoE lighting becomes essential as stakeholders, such as utilities, governments, and building owners, concentrate on cutting down on energy use. PoE lighting solutions are being used more often in commercial buildings to replace incandescent lighting with LED and other more energy-efficient alternatives. The presence of major providers of PoE lighting solutions and the rising demand for these solutions in commercial office spaces are driving the growth of the PoE lighting market in the area.

The PoE lighting market in APAC projected to have the highest CARG during the forecast period (2021-2026)

During the projection period, the Power over Ethernet (PoE) lighting market is expected to grow at the greatest Compound Annual Growth Rate (CAGR) in the Asia-Pacific (APAC) region, which includes important markets like China, Japan, Australia, South Korea, and other growing economies. The quick uptake of connected lighting systems, especially in smart offices and workspaces, is driving this expansion. Chinese lighting producers are stepping up their rivalry with their counterparts in North America and Europe, drawing in industrial investments with the help of affordable land, strong infrastructure, and a trained labour force. China is predicted to lead the PoE lighting market in APAC due to the country's favourable business climate, affordable land for manufacturing facilities, ongoing expansion of commercial and industrial building, and quick adoption of new technologies.

Some of the major companies in the PoE lighting market are Signify Holding (Philips Lighting) (Netherlands), Hubbell Inc. (US), Cisco Systems (US), H.E. Williams (US), Molex (Koch Industries) (US), Ubiquiti Networks Inc. (US), Siemon (US), Silvertel (UK), NETGEAR (US), Ideal Industries (Cree) (US), Herbert Waldmann GmbH & Co. Kg (Waldmann Lighting) (Germany), Prolojik (UK), Innovative Lighting (GENISYS) (US), Deco Lighting (US), Wipro Lighting (India), Axis Lighting (Canada), Igor Inc. (US), ALLNet GmbH (Germany) and NuLEDs (US).

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