Power over Ethernet Market
Market Analysis
Market Research Future (MRFR) projects the global power over ethernet market to reach USD 1 billion at a CAGR of 13% from 2017 to 2022 (forecast period).
PoE is a technology that describes numerous standard ad-hoc systems used for power and data transfer over an existing data connection using a single Ethernet cabling. Many factors contribute to the expansion of the power over ethernet market. They are the fact that paired ethernet cables require very little maintenance to work optimally. These cables are also incredibly inexpensive and simple to install. They also have less downtime than other types of modes of transportation for data-rich electronic signals.
An increasing number of companies are adopting the POE and its related technologies. This has created enormous prospects for expansion for companies in the power over ethernet market. Many more companies are upgrading their buildings in order to create smart buildings. POE technologies are critical in this case because they can retrofit buildings with technology that will allow them to respond to people's commands more effectively. Consider Alexa on a far larger scale.
The absence of standardization in the POE market was a big impediment. However, this is predicted to change quickly as the costs of transportation and communication fall drastically.
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COVID-19 Impact on the Global Power Over Ethernet Market
Since Covid-19 was a severe virus with catastrophic results, governments all around the world decided to try to contain it. They accomplished this by establishing quarantines and lockdowns. India was one of many countries that imposed an indefinite lockdown.
This has had a negative impact on the power over the ethernet market. Though this is projected to go away after the entire population has established herd immunity to COVID-19, the short-term impacts have had a significant impact on many businesses. These businesses have had difficulties in obtaining the necessary raw materials.
Market Segmentation
The global power over ethernet market has been segmented into types, power to port, application, and end-user.
By types, the global power over ethernet market has been segmented into power sourcing equipment controllers ICs, powered device controllers ICs.
By power to port, the global power over ethernet market has been segmented into Up to 15.4W, Up to 30W, Up to 60W, and Up to 100W.
By application, the global power over ethernet market has been segmented into security access control, connectivity, LED lighting control, infotainment, and others.
By end-user, the global power over ethernet market has been segmented into residential, commercial, and industrial.
Regional Analysis
Regionally, the global power over ethernet market has been segmented into Europe, North America, Asia Pacific, and the rest of the world.
The North American region dominates the PoE market. The key reason for this is that the majority of the significant enterprises in the business are located in this region. Another element fueling strong growth in this industry is the presence of several information technologies (IT) and telecommunications companies. This is causing a surge in demand for PoE controllers and integrated circuits.
Europe has the second spot in the PoE market. The European Union is also experiencing rapid growth. The European Union's biggest economies are driving growth. The United Kingdom and Germany are two examples. The key driver of growth in this region is an expansion in the healthcare and automotive industries.
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Key Players
Axis Communications AB (Sweden), Maxim Integrated Products, Inc. (U.S.), Texas Instruments, Inc. (U.S.), STMicroelectronics N.V. (Switzerland), Linear Technology Corp. (U.S.), Broadcom Ltd. (U.S.), Microsemi Corp. (U.S.), ON Semiconductor (U.S.), Silicon Laboratories, Inc. (U.S.), Monolithic Power Systems, Inc. (U.S.).
Summary
The global power over ethernet market is set to reach USD 1 billion at a CAGR of 13% from 2017 to 2022 (forecast period). Low cost, low maintenance, easy installation and less downtime are some of the factors that make it more advanced than traditional network power cables. Rising energy costs and the use of PoE midspans in commercial and industrial sectors to inject power without interfering with data are projected to drive overall Power over Ethernet market demand during the projected period.
