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Power Over Ethernet Solutions Market Is Witnessed Various Expansions, Acquisitions, and Agreements by the Key Players between 2014 and 2016
Power over Ethernet is a technology using which the power required for operating devices such as voice over Internet protocol (VoIP) phones, wireless access points, and IP cameras can be supplied through data cables instead of power cables. The power over Ethernet solutions market is expected to be valued at USD 1,048.3 Million by 2022, growing at a CAGR of 12.56% between 2016 and 2022. The ability of this technology to increase flexibility and convenience as well as to decrease the installation costs of the powered devices has led to the growing adoption of the PoE technology-based products for various applications, including connectivity, security & access control, infotainment, and LED lighting control, among others.
Texas Instruments, Inc. (U.S.) and Maxim Integrated Products, Inc. (U.S.) are two of the key players in the power over Ethernet solutions market. Texas Instruments, Inc. (U.S.) has a strong presence in the market; it offers a wide range of PoE controller products, including PoE controllers for both power sourcing equipment as well as powered devices. Apart from a wide power over Ethernet solutions product portfolio, the company’s strong brand image and diversified customer base are some of the other factors that have helped it gain a significant position in the global power over Ethernet solution market. Maxim Integrated Products, Inc. ‘s (U.S.) strong position in this market can be attributed to its broad portfolio of PoE controller products, comprising more than 35 products. Other companies operating in the power over Ethernet solutions market include STMicroelectronics N.V. (Switzerland), Linear Technology Corp. (U.S.), Broadcom Ltd. (U.S.), Microsemi Corp. (U.S.), ON Semiconductor (U.S.), Monolithic Power Systems, Inc. (U.S.), and Silicon Laboratories, Inc. (U.S.), among others.
The major players have primarily adopted the strategy of new product launches and offerings to strengthen their product portfolio and to expand their offerings to newer clients. For instance, in 2015, Linear Technology Corp. (U.S.) introduced LT4276 LTPoE++, PoE+, and PoE-compliant powered device (PD) interface controllers for applications requiring 2W to 90W of delivered power. In 2015, Silicon Laboratories, Inc. (U.S.) launched Si3459 8-port PoE PSE controller. This product is designed for high-port count enterprise Ethernet switch applications; it helps to reduce the complexity and cost of Ethernet switches and end points.
The power over Ethernet solutions market also witnessed various expansions, acquisitions, and agreements by the key players between 2014 and 2016. For instance, in 2015, Linear Technology Corp. (U.S.) opened its third semiconductor test facility in Singapore with an aim to boost its production capacity to meet the growing demand for analog integrated circuits worldwide. In 2015, Monolithic Power Systems, Inc. (U.S.) entered into a distribution agreement with Digi-Key Electronics (U.S.). Under this agreement, Digi-Key would be promoting and selling the products of Monolithic Power Systems worldwide.
Power Over Ethernet Solutions Market by Type (PSE Controllers & ICs, PD Controllers & ICs), Device Type (Power Sourcing Equipment, Powered Devices), Application (Connectivity, LED Lighting Control), Vertical, and Geography - Global Forecast to 2022
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