Power Over Ethernet Lighting Market by Offering (Hardware, and Software and Service), Wattage Type (Up to 25W and Greater Than 25W), Application (Commercial, Industrial, and Residential), and Geography - Global Forecast to 2024
The PoE lighting market is projected to reach USD 1,174 million by 2024 from USD 256 million in 2019, at a CAGR of 35.6%. The major drivers for the market’s growth are the increasing penetration and decreasing cost of LEDs, growing adoption of PoE lighting solutions in commercial and healthcare applications, and rising need for cost-effective lighting solutions. Opportunities for the market include improving POE standards for higher power, speed, and efficiency; growing adoption of smart and automated systems; and rising demand for smart workplaces.
Based on application, industrial segment expected to grow at higher CAGR during forecast period
The PoE lighting market, by application, is segmented into industrial, commercial, and residential. Industrial application is expected to grow at the highest CAGR during the forecast period. The industrial segment includes lighting in production halls, warehouses, representative rooms, and other indoor areas. The use of PoE can simplify the implementation of a smart lighting system in an office or industrial application. Industries and factories are now focusing on energy-efficient lighting solutions owing to the government regulations for energy saving. Thus, PoE lighting is among the preferred solutions being adopted by them. Furthermore, the growing adoption of industry 4.0 is expected to create opportunities for players offering PoE lighting solutions for the industrial vertical.
Software and services segment to grow at higher CAGR during forecast period
The PoE lighting market has been segmented based on offering into hardware, and software and services. PoE technology offers intelligent lighting solutions through a connected network of light fixtures and sensors that allow them to send and receive data. A PoE lighting system can deliver energy savings of up to 80% and unprecedented insight and control over commercial, industrial, and public spaces. Command and control platforms, which are used to control and manage PoE lighting solutions, allow users to set up multiple control policies for each group of LED fixtures. For instance, the brightness and color of a fixture can be managed by a software platform. The market for the software and services segment is projected to grow at a higher CAGR during the forecast period. Software are used to evaluate energy optimization and savings, emission reductions, and financial viability.
PoE lighting market in APAC expected to grow at highest CAGR during forecast period
The PoE lighting market has been segmented based on geography into four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). The APAC region is expected to have tremendous growth potential for the market, driven by countries such as China, Japan, and India. The growth in APAC can be attributed to increasing infrastructure development projects being undertaken in the region, mainly in China, where smart lighting paves the way for the modernization of infrastructure. The industries present in this region are focusing on the modernization of their spaces. This is further likely to create opportunities for PoE lighting vendors. Improving IEEE standards are expected to further boost the market.
Key Market Players
Signify (Philips Lighting) (Netherlands), Hubbell Incorporated (US), Innovative Lighting (GENISYS) (US), Deco Lighting (US), Ideal Industries, Inc. (Cree) (US), Eaton Corp. (Ireland), Herbert Waldmann GmbH & Co. Kg (Waldmann Lighting) (Germany), H.E. Williams (US), NAME Energy Group (MHT Lighting) (US), Ubiquity Networks (US), and ALLNET GmbH (Germany) are some of the major OEMs and solution providers of PoE lighting. Cisco Systems (US), Igor Inc. (US), NuLEDs (US), Koch Industries (Molex) (US), and Leviton (US) are among the few other important players in the market. Microchip Technology Inc. (Microsemi Corporation) (US), NETGEAR (US), Wipro Enterprise (Wipro Lighting) (India), euromicron AG (Microsens) (Germany), and The IBS Group LLC (US) are the key innovators operating in this space.
Report Scope
|
Report Metric |
Details |
|
Market size available for years |
2016–2024 |
|
Base year considered |
2018 |
|
Forecast period |
2019–2024 |
|
Forecast units |
Value, USD million/thousand |
|
Segments covered |
Wattage, Offering, Application, and Region |
|
Regions covered |
North America, Europe, APAC, and RoW |
|
Companies covered |
Signify (Philips Lighting) (Netherlands), Hubbell Incorporated (US), Innovative Lighting (GENISYS) (US), Deco Lighting (US), Ideal Industries, Inc. (Cree) (US), Eaton Corp. (Ireland), Herbert Waldmann GmbH & Co. Kg (Waldmann Lighting) (Germany), H.E. Williams (US), NAME Energy Group (MHT Lighting) (US), Ubiquity Networks (US), ALLNET GmbH (Germany), Cisco Systems (US), Igor Inc. (US), NuLEDs (US), Koch Industries (Molex) (US), Leviton (US), Microchip Technology Inc. (Microsemi Corporation) (US), NETGEAR (US), Wipro Enterprise (Wipro Lighting) (India), euromicron AG (Microsens) (Germany), and The IBS Group LLC (US) |
PoE lighting market segmentation:
In this report, the PoE lighting market is segmented into the following categories:
PoE lighting market, by Wattage:
- Up to 25W
- Greater than 25W
PoE lighting market, by Offering:
- Hardware
- Software and Services
PoE lighting market, by Application:
- Commercial
- Industrial
- Residential
PoE lighting market, by Region:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Critical questions the report answers:
- Where will all these developments take the industry in the mid to long term?
- What are the emerging application areas that are expected to adopt PoE lighting systems?
- Which wattage type is expected to penetrate significantly in the PoE lighting market?
- Which region is the most opportunistic for light manufacturers in the market?
Frequently Asked Questions (FAQ):
What are the opportunities for new market entrants?
The use of PoE has increased dramatically and has made headway into new applications. Currently, there is a demand for an even higher power to support additional devices connected to Ethernet networks, such as PTZ security cameras, kiosks, POS terminals, thin client terminals, 802.11ac and 802.11ax access points, small cells, and connected LED lighting, all of which can benefit from PoE. . With the advent of new PoE standards, new opportunities can be created.
Who are the leading vendors operating in this market?
Signify (Philips Lighting) (Netherlands), Hubbell Incorporated (US), Innovative lighting (GENISYS) (US), Deco Lighting (US), Ideal Industries, Inc (Cree) (US), Eaton Corp. (Ireland), Herbert Waldmann GmbH & Co. Kg (Waldmann Lighting) (Germany), H.E. Williams (US), NAME Energy Group (MHT Lighting) (US), Ubiquity Networks (US), and ALLNET GmbH (Germany) are some of the major OEMs and solution providers of PoE lighting market.
Which region is expected to witness significant demand for POE lighting in the coming years?
The APAC PoE lighting market is expected to grow at the highest CAGR during the forecast period. The APAC market is expected to witness rapid growth owing to the growing number of commercial spaces in the region. The demand for PoE lighting systems for commercial applications in APAC is majorly driven by emerging countries such as China, India, and Japan.
Where will all these developments in the POE lighting market take the industry in the mid to long term?
The PoE lighting market is projected to exhibit lucrative growth potential during the forecast period. Increasing adoption of PoE lighting solutions in commercial and healthcare verticals and the growing need for cost-effective lighting solutions are some of the factors driving the PoE lighting market.
Which are the major applications of this market?
PoE lighting solutions are being widely used in commercial, industrial, and residential verticals. PoE technology enables the supply of the power required for operating devices such as lighting, Voice over Internet Protocol (VoIP) phones, wireless access points, and Internet Protocol (IP) cameras through data cables instead of power cables. The advantages of PoE include time and cost savings, flexibility, safety, reliability, and scalability.
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Table of Contents
1 Introduction (Page No. - 18)
1.1 Study Objectives
1.2 Market Definition & Scope
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 22)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Connection
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data From Primary Sources
2.1.2.4 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis
2.3 Market Breakdown and Data Analysis
2.4 Research Assumptions
3 Executive Summary (Page No. - 31)
4 Premium Insights (Page No. - 35)
4.1 Attractive Growth Opportunities for PoE Lighting Market
4.2 PoE lighting Market, By Wattage
4.3 PoE lighting Market, By Offering
4.4 Market, By Application
4.5 Market, By Geography
5 Market Overview (Page No. - 38)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Penetration and Decreasing Cost of Leds
5.2.1.2 Growing Adoption of PoE Lighting Solutions in Commercial and Healthcare Applications
5.2.1.3 Rising Need for Cost-Effective Lighting Solutions
5.2.2 Restraints
5.2.2.1 High Cost of PoE Switches and Requirement of Additional Equipment
5.2.3 Opportunities
5.2.3.1 Improving PoE Standards for Higher Power, Speed, and Efficiency
5.2.3.2 Growing Adoption of Smart and Automated Systems and Rising Demand for Smart Workplaces
5.2.4 Challenges
5.2.4.1 Limited Transmission Distance and Power Delivery Rates
6 Industry Trends (Page No. - 43)
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research and Development
6.2.2 Manufacturers/Suppliers
6.2.3 System Integrators
6.2.4 Software/Platform Providers
6.2.5 End-Use Applications
6.3 PoE and Cable Standards
6.4 Connected Market
6.4.1 Lighting Control System
6.4.1.1 Lighting Control System Market, By Offering
6.4.1.2 Lighting Control System Market, By Application
7 PoE Lighting Case Studies (Page No. - 55)
7.1 Overview
7.1.1 The Compucom Digital Campus
7.1.2 The Edge: Smart Office
7.1.3 Quest Corporate Campus
7.1.4 Haverkamp Properties: Apartments
7.1.5 Smart Office: Albertslund Municipality in Copenhagen
7.1.6 The DES Moines Electrical Apprenticeship
7.1.7 The West Baden Springs Hotel
8 PoE Lighting Market, By Offering (Page No. - 59)
8.1 Introduction
8.2 Hardware
8.2.1 North America to Dominate PoE Lighting Hardware Market During the Forecast Period
8.2.2 Power Sourcing Equipment (PSE)
8.2.2.1 PoE Endspan
8.2.2.2 PoE Midspan (Midspan PoE Hub Or Midspan PoE Or Power Injector)
8.2.3 Powered Device (PD)
8.2.4 Other Components
8.3 Software and Services
8.3.1 Software and Service Offerings to Grow at A Higher CAGR During Forecast Period
9 PoE Lighting Market, By Wattage (Page No. - 66)
9.1 Introduction
9.2 Up to 25 Watts
9.2.1 PoE Lighting Market for Up to 25 Watts to Register Highest CAGR in APAC During Forecast Period
9.3 Greater Than 25 Watts
9.3.1 Greater Than 25w Segment to Dominate PoE Lighting Market During Forecast Period
10 PoE Lighting Market, By Application (Page No. - 71)
10.1 Introduction
10.2 Commercial
10.2.1 Growing Adoption of PoE Lighting in Offices and Healthcare Applications is Driving PoE Lighting Market
10.3 Industrial
10.3.1 Industrial Application to Exhibit Highest Growth During Forecast Period
10.4 Residential
10.4.1 North America to Account for Largest Share of Residential PoE Lighting During Forecast Period
11 PoE Lighting Market, By Geography (Page No. - 77)
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 Growing Demand for PoE Lighting Solutions in Commercial and Industrial Spaces to Drive PoE Lighting Market in US
11.2.2 Canada and Mexico
11.2.2.1 Increasing Consumer Awareness Regarding Energy-Efficient Lighting Systems and High Infrastructural Investments are Propelling Market in Canada and Mexico
11.3 Europe
11.3.1 Germany
11.3.1.1 Increasing Adoption of Industry 4.0 to Drive Market in Germany
11.3.2 France
11.3.2.1 Strong Economic Conditions to Lead France to Be Among Early Adopters of PoE Lighting Systems
11.3.3 UK
11.3.3.1 Improvements in Current PoE Standards and Advancements in Efficiency of Leds to Propel Market in UK
11.3.4 Rest of Europe
11.3.4.1 Rest of Europe to Exhibit Highest Growth in European Market
11.4 APAC
11.4.1 China
11.4.1.1 China to Dominate PoE lighting Market in APAC During Forecast Period
11.4.2 India
11.4.2.1 Rising Government Expenditure on Public Infrastructure and Increasing Focus of Governments on Environment Protection and Energy-Efficient Systems to Drive PoE lighting Market in India
11.4.3 Japan
11.4.3.1 Increasing Adoption of PoE Lighting in Commercial Spaces to Drive Market in Japan
11.4.4 Rest of APAC
11.4.4.1 Increasing Government Expenditure on Public Infrastructure and Continuing Growth in Commercial and Industrial Building Construction to Drive PoE lighting Market in the Region
11.5 Rest of the World
11.5.1 Middle East & Africa
11.5.1.1 Middle East & Africa to Dominate PoE lighting Market in Rest of the World
11.5.2 South America
11.5.2.1 Increasing Focus of Municipalities and Utilities on Energy Efficiency and Cost-Saving Systems to Drive Market in South America
12 Competitive Landscape (Page No. - 97)
12.1 Overview
12.2 PoE lighting Market: Market Ranking Analysis, 2018
12.3 Competitive Situations and Trends
12.3.1 Product Developments and Launches
12.3.2 Partnerships, Collaborations, and Contracts
12.3.3 Acquisitions
12.4 Competitive Leadership Mapping
12.4.1 Visionary Leaders
12.4.2 Dynamic Differentiators
12.4.3 Innovators
12.4.4 Emerging Companies
13 Company Profiles (Page No. - 107)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Right to Win, and MnM View)*
13.1 Introduction
13.2 Key Players
13.2.1 Signify Holding (Philips Lighting N.V.)
13.2.1.1 Business Overview
13.2.1.2 Products Offered
13.2.1.3 Recent Developments
13.2.1.4 SWOT Analysis
13.2.1.5 MnM View
13.2.1.6 Right to Win
13.2.2 Ideal Industries (CREE)
13.2.2.1 Business Overview
13.2.2.2 Products Offered
13.2.2.3 Recent Developments
13.2.2.4 SWOT Analysis
13.2.2.5 MnM View
13.2.2.6 Right to Win
13.2.3 Hubbell Incorporated
13.2.3.1 Business Overview
13.2.3.2 Products and Solutions Offered
13.2.3.3 Recent Developments
13.2.3.4 SWOT Analysis
13.2.3.5 MnM View
13.2.3.6 Right to Win
13.2.4 Herbert Waldmann GmbH & Co. Kg (Waldmann Lighting)
13.2.4.1 Business Overview
13.2.4.2 Products Offered
13.2.4.3 Recent Developments
13.2.4.4 SWOT Analysis
13.2.4.5 MnM View
13.2.5 H.E. Williams Company
13.2.5.1 Business Overview
13.2.5.2 Products Offered
13.2.5.3 Recent Developments
13.2.5.4 SWOT Analysis
13.2.5.5 MnM View
13.2.6 Innovative Lighting (Genisys)
13.2.6.1 Business Overview
13.2.6.2 Products and Solutions Offered
13.2.6.3 Recent Developments
13.2.7 Deco Lighting
13.2.7.1 Business Overview
13.2.7.2 Products Offered
13.2.7.3 Recent Developments
13.2.8 Eaton Corporation
13.2.9 North American Manufacturing Enterprises (NAME) Energy Group (MHT Lighting)
13.2.10 Ubiquiti Networks, Inc.
13.2.11 Allnet GmbH
13.3 Other Key Players
13.3.1 Cisco Systems
13.3.2 Igor Inc
13.3.3 Nuleds
13.3.4 Molex (Koch Industries)
13.3.5 Leviton
13.4 Key Innovators
13.4.1 Microsemi Corporation (Microchip Technology Inc.)
13.4.2 Netgear
13.4.3 Wipro Lighting (Wipro Enterprises)
13.4.4 Microsens (Euromicron Ag)
13.4.5 The IBS Group LLC
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Right to Win, and MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 140)
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details
List of Tables (64 Tables)
Table 1 Light Bulb Wattage and Life Expectancy
Table 2 Comparison of PoE, PoE+, Upoe, and PoE++
Table 3 Overview of PoE Protocols
Table 4 Lighting Control System Market, By Offering, 2016–2024 (USD Million)
Table 5 Lighting Control System Market in North America, By Offering, 2016—2024 (USD Million)
Table 6 Lighting Control System Market in Europe, By Offering, 2016—2024 (USD Million)
Table 7 Lighting Control System Market in APAC, By Offering, 2016—2024 (USD Million)
Table 8 Lighting Control System Market in RoW, By Offering, 2016—2024 (USD Million)
Table 9 Lighting Control System Hardware Market, By Hardware Devices, 2016–2024 (USD Million)
Table 10 Lighting Control System Hardware Market, By Region, 2016–2024 (USD Million)
Table 11 Lighting Control System Software Market, By Deployment Type, 2016–2024 (USD Million)
Table 12 Lighting Control System Software Market, By Region, 2016–2024 (USD Million)
Table 13 Lighting Control System Services Market, By Service Type, 2016–2024 (USD Million)
Table 14 Lighting Control System Services Market, By Region, 2016–2024 (USD Million)
Table 15 Lighting Control System Market, By Application, 2016–2024 (USD Million)
Table 16 Lighting Control System Market for Indoor Application, By Region, 2016–2024 (USD Million)
Table 17 Lighting Control System Market for Indoor Application, By Type, 2016-2024 (USD Million)
Table 18 Lighting Control System Market for Residential Application, By Region, 2016–2024 (USD Million)
Table 19 Lighting Control System Market for Commercial Application, By Region, 2016–2024 (USD Million)
Table 20 Lighting Control System Market for Industrial Application, By Region, 2016–2024 (USD Million)
Table 21 Lighting Control System Market for Other Indoor Applications, By Region, 2016–2024 (USD Million)
Table 22 Lighting Control System Market for Outdoor Application, By Region, 2016–2024 (USD Million)
Table 23 Lighting Control and Management System Market for Outdoor Application, By Type, 2016–2024 (USD Million)
Table 24 Lighting Control System Market for Highways & Roadways Lighting, By Region, 2016–2024 (USD Million)
Table 25 Lighting Control System Market for Architectural Lighting, By Region, 2016–2024 (USD Million)
Table 26 Lighting Control System Market for Lighting for Public Places, By Region, 2016–2024 (USD Million)
Table 27 Case Study: Benefits of PoE Lighting Solution Deployed at the Compucom Headquarters
Table 28 Case Study: Benefits of PoE Lighting Solution Deployed at the Edge Office Building
Table 29 Case Study: PoE Lighting Solution Deployed at Quest’s Roseville
Table 30 Case Study: PoE Lighting Solution Deployed at Haverkamp Properties
Table 31 Case Study: PoE Lighting Solution Deployed at Copenhagen Municipality
Table 32 Case Study: PoE Lighting Solution Deployed at DES Moines Electrical Apprenticeship
Table 33 Case Study: PoE Lighting Solution Deployed at the West Baden Springs Hotel
Table 34 PoE Lighting Market, By Offering, 2016–2024 (USD Million)
Table 35 PoE Lighting Hardware Market, By Region, 2016–2024 (USD Million)
Table 36 PoE Lighting Software and Services Market, By Region, 2016–2024 (USD Thousand)
Table 37 Market, By Wattage, 2016–2024 (USD Million)
Table 38 Market for Up to 25 Watts, By Region, 2016–2024 (USD Million)
Table 39 Market for Greater Than 25 Watts, By Region, 2016–2024 (USD Million)
Table 40 Market, By Application, 2016–2024 (USD Million)
Table 41 Market for Commercial Application, By Region, 2016–2024 (USD Million)
Table 42 Market for Industrial Application, By Region, 2016–2024 (USD Thousand)
Table 43 Market for Residential Application, By Region, 2016–2024 (USD Thousand)
Table 44 Market, By Region, 2016–2024 (USD Million)
Table 45 North America PoE Lighting, By Application, 2016–2024 (USD Million)
Table 46 North America PoE Lighting, By Wattage, 2016–2024 (USD Million)
Table 47 North America PoE Lighting, By Offering, 2016–2024 (USD Million)
Table 48 North America PoE Lighting, By Country, 2016–2024 (USD Million)
Table 49 Market in Us, By Offering, 2016–2024 (USD Million)
Table 50 Market in Us, By Wattage, 2016–2024 (USD Million)
Table 51 Market in Us, By Application, 2016–2024 (USD Thousand)
Table 52 Europe PoE Lighting, By Offering, 2016–2024 (USD Million)
Table 53 Europe PoE Lighting, By Wattage, 2016–2024 (USD Million)
Table 54 Europe PoE Lighting, By Application, 2016–2024 (USD Million)
Table 55 Europe PoE Lighting, By Country, 2016–2024 (USD Million)
Table 56 APAC PoE Lighting, By Offering, 2016–2024 (USD Thousand)
Table 57 APAC PoE Lighting, By Wattage, 2016–2024 (USD Thousand)
Table 58 APAC PoE Lighting, By Application, 2016–2024 (USD Million)
Table 59 APAC PoE Lighting, By Country, 2016–2024 (USD Million)
Table 60 RoW PoE Lighting, By Offering, 2016–2024 (USD Thousand)
Table 61 RoW PoE Lighting, By Wattage, 2016–2024 (USD Thousand)
Table 62 RoW PoE Lighting, By Vertical, 2016–2024 (USD Thousand)
Table 63 RoW PoE Lighting, By Region, 2016–2024 (USD Million)
Table 64 Market Ranking of the Top 3 Players in the Market, 2018 (Luminaire Providers)
List of Figures (43 Figures)
Figure 1 Market Segmentation
Figure 2 Market: Process Flow of Market Size Estimation
Figure 3 Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Global Market, 2016–2024 (USD Million)
Figure 8 Market for Greater Than 25 W to Register Higher CAGR During Forecast Period
Figure 9 Market for Software and Services Offering to Register Higher CAGR During Forecast Period
Figure 10 Commercial Application to Hold the Largest Size of Market During Forecast Period
Figure 11 Market in APAC to Register Highest CAGR During Forecast Period
Figure 12 Market Expected to Exhibit High Growth Between 2019 and 2024
Figure 13 Greater Than 25 Watts to Dominate Market During Forecast Period
Figure 14 Hardware Offering to Dominate Market During Forecast Period
Figure 15 Industrial Application to Register Highest Growth Rate During Forecast Period
Figure 16 APAC to Exhibit Highest CAGR in Market During Forecast Period
Figure 17 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Cost and Life of Led Lighting, 2010–2019
Figure 19 Market: Value Chain Analysis
Figure 20 Market Segmentation, By Offering
Figure 21 Hardware to Account for Largest Size of Market During Forecast Period
Figure 22 Timeline of PoE-Related Ieee Standards
Figure 23 Registered Luminaires in Led Lighting Facts Database
Figure 24 Market, By Wattage
Figure 25 Powered Devices With Greater Than 25 Watts to Hold Larger Size of Market During the Forecast Period
Figure 26 Market Segmentation, By Application
Figure 27 Commercial Application Held Largest Size of Market in 2018
Figure 28 Market, By Geography
Figure 29 Market, Geographic Snapshot
Figure 30 North America to Hold Largest Size of Market During Forecast Period
Figure 31 North America: Snapshot of Market
Figure 32 Market in Canada and Mexico to Register Higher CAGR During Forecast Period
Figure 33 Europe: Snapshot of Market
Figure 34 Germany Held Largest Share of Market in Europe in 2018
Figure 35 APAC: Snapshot of Market
Figure 36 Market in China to Register Highest CAGR Among APAC Countries During Forecast Period
Figure 37 Middle East & Africa to Hold Larger Size of Market in RoW By 2024
Figure 38 Key Developments By Leading Players in the Market Between 2016 and 2019
Figure 39 Market (Global) Competitive Leadership Mapping, 2018
Figure 40 Signify Holding: Company Snapshot
Figure 41 Hubbell Incorporated: Company Snapshot
Figure 42 Eaton Corporation: Company Snapshot
Figure 43 Ubiquiti Networks: Company Snapshot
The study involved 4 major activities to estimate the current size of the PoE lighting market. Exhaustive secondary research was done to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary research has been conducted to obtain key information about the industry’s supply chain, market’s monetary chain, total pool of key players, and market segmentation according to industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology-oriented perspectives. The secondary data has been collected and analyzed to arrive at the overall market size, which has further been validated by primary research.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants from various key companies and organizations operating in the ecosystem of the PoE lighting market. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). RoW comprises South America and Middle East & Africa. After the complete market engineering (including calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to verify and validate the critical market numbers.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were implemented to estimate and validate the total size of the PoE lighting market. These methods were also used extensively to estimate the size of the markets based on various subsegments. The research methodology used to estimate the market size includes the following steps:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends in both demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.
Study Objectives
- To define, estimate, and forecast the PoE lighting market, in terms of value, segmented based on offering, wattage, application, and geography
- To estimate and forecast the market size, in terms of value, for various segments across four regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To analyze the emerging applications/use cases and standards in the market
- To analyze the manufacturers of PoE lighting products, their strategies, and new production plans to analyze the PoE ecosystem/supply chain, which consists of suppliers of materials, software, and components, and product manufacturers
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape of the market
- To analyze competitive developments, such as collaborations, contracts, partnerships, acquisitions, and product launches and developments, in the market
- To strategically profile key players and comprehensively analyze their market ranking and core competencies2
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:
Regional Analysis
- Country-wise breakdown of various regions, including North America, Europe, APAC, and RoW
- Further segmentation of the application segments of the PoE lighting market
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
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