According to Future Market Insight, the global power over Ethernet (PoE) solutions market is projected to reach a value of USD 2.5 billion by 2033, registering a CAGR of 9.2%. This is a considerable increase from its present value of USD 1.0 billion in 2023.
The increasing demand for cost-effective communication is primarily driving market growth. Implementing PoE technology allow transferring of data signals. This leads to cost savings by eliminating the need for multiple cable networks.
Utilizing PoE eliminates the necessity for power supplies to power devices. This reduces overcrowding in the network of powered devices. It also simplifies circuit connections and requires less space. Additionally, PoE setups can be easily removed and quickly reinstalled. As a result, an increase in devices are adopting PoE technology.
The market is booming given the rising acceptance and utilization of optical fiber cables in communication. Optical fiber cables work better than copper cables in challenging environments. Their susceptibility to electromagnetic interference, flexibility, and high reliability make them superior.
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PoE systems are widely used in wireless monitoring and safety. Additionally, this technology assists with infrastructural projects including smart grid projects, smart cities, and smart buildings. The deployment, flexibility, and stability of office networks can potentially be improved by using PoE solutions.
The world is witnessing an increasing adoption of power over automation and data center networking. Demand for smart offices is increasing across the globe. Additionally, emerging economic and technical trends offer significant opportunities for PoE providers. Industry players are making investments to develop countermeasures. These factors are expected to fuel the power over Ethernet industry expansion.
In terms of revenue, North America emerged as the dominant region in the PoE solutions market. Increasing utilization of high-speed internet is anticipated to drive the demand for PoE chipsets in the region. Demand for efficient and reliable power and data transmission solutions grows with the expanding use of high-speed internet.
Thus, PoE chipsets are expected to play a crucial role in meeting these requirements. This trend is likely to contribute to the continued market growth in North America.
Significant Takeaways from the Power over Ethernet Solutions Market:
- The power over Ethernet solutions industry in the United States is predicted to reach USD 813.8 million by 2033
- The PoE solutions industry in the United Kingdom is estimated to expand at a CAGR of 8.3% between 2023 and 2033
- During the forecast period, the power over Ethernet solutions industry in China is expected to reach a market share of USD 211.3 million
- The PoE solutions industry in Japan is predicted to boom at an 8.6% CAGR through 2033
- South Korea’s power over Ethernet solutions industry is predicted to achieve a market share of USD 99.6 million by 2033
- With a CAGR of 9.1% from 2023 to 2033, the powered device controllers & ICs segment is expected to dominate the PoE solutions industry
- With a CAGR of 9.0%, the connectivity segment is expected to dominate the power-over-Ethernet solutions industry until 2033
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Competitive Landscape
Power over Ethernet solutions market participants uses a variety of tactics to acquire a competitive edge. To increase the effectiveness of their PoE solutions, they concentrate on research and development. They put a lot of effort into research and development to increase product efficacy.
They also place a strong emphasis on distinguishing their products by providing a variety of PoE devices. To increase their clientele, they also place a high priority on strategic alliances and cooperation with IT service providers.
Key Players
- Maxim Integrated Products Inc.
- Texas Instruments
- Analog Devices
- Microsemi Corp.
- STMicroelectronics N.V.
- Broadcom Ltd.
- Monolithic Power Systems, Inc.
- On Semiconductor Corp.
- Cisco Systems Inc.
- Silicon Laboratories Inc.
- Kinetic Technologies
Recent Developments
- Texas Instruments unveiled a brand-new Ethernet physical layer (PHY) in October 2020. It can send 10-Mbps Ethernet signals 1.7 kilometers over a single pair of twisted wires.
- PM8804 and PM8805 power over Ethernet chipsets for 5G and smart-building applications were introduced by STMicroelectronics in April 2019.
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Power over Ethernet Solutions Market Segmentation
By Type:
- Power Sourcing Equipment Controllers & ICs
- Powered Device Controllers & ICs
By Device Type:
- Power Sourcing Equipment
- Powered Devices
By Application:
- Connectivity
- Security & Access Control
- Infotainment
- LED Lighting & Control
- Others
By Vertical:
- Residential
- Commercial
- Industrial
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa(MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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