The PoE Lighting Market is projected to reach USD 922 million by 2026 from USD 243 million in 2021; it is expected to grow at a CAGR of 30.6% from 2021 to 2026. North America has the largest market share for PoE Lighting. Whereas, APAC has the highest growth rate and is expected to have a CAGR of 37.0% during the forecast period owing to the rapidly changing face of technology and customer needs in high-potential markets such as China, Japan, South Korea, and Australia. Due to advancements in technology and the emergence of new business models as well as new constructions in the developing cities of the region, the PoE lighting market is exhibiting an upbeat outlook. The booming commercial and industrial sectors would further fuel the adoption of PoE lightings in APAC. Furthermore, growth in end-use sectors and mounting investments from government bodies are also favoring the growth of the PoE Lighting Market in the region. China is projected to witness the highest demand for PoE lighting in the region.
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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Top 2 Players in PoE Lighting Market:
SIGNIFY HOLDING (PHILIPS LIGHTING)
Philips Lighting (Signify), founded in 1891, has its headquarters in Amsterdam, Netherlands. In May 2018, Philips Lighting changed its name to Signify. The company is an industry leader in connected lighting systems and services and is leveraging the Internet of Things (IoT) to help transform homes, buildings, and urban spaces. Signify operates in over 60 countries and has manufacturing facilities in Europe, South America, and Asia Pacific. A global market leader, it has recognized expertise in the development, manufacture, and application of innovative green lighting products, energy-efficient lighting products, systems, and services. Signify offers its products under lighting brands such as Philips, interact, Wiz, Philips Hue, Color Kinetics, etc. The company has achieved 100% carbon neutral status in its operations and sends zero waste to landfills. It uses 100% renewable energy for all its operations.
Signify operates through four major segments—Lamps, LED, Professional, and Home. The Lamps segment comprises conventional lamps and electronic components (ballast and drivers); the LED segment focuses on LED lamps; the Professional segment includes lighting systems and services for professional consumers, and the Home segment covers consumer luminaries and home systems. In the PoE lighting market, the company offers Ethernet gateways and PoE-enabled luminaires. It has a broad range of PoE-enabled luminaires for different applications, including Day-Brite, Ledalite, LuxSpace, and Lightolier. The company provides the Philips connected lighting system using PoE technology, which allows clients to meet sustainability goals, helps in financial savings through space optimization, and enhances employee productivity.
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In February 2018, the company installed its first commercial Power over Ethernet (PoE) connected lighting system for smart offices in the Nordics using Cisco network technology. The technology was integrated into a newly built smart office in Albertslund Municipality in Copenhagen, Denmark, allowing office workers to personalize their office lighting using a smartphone app. The deployed system included occupancy sensors integrated with the company’s SmartBalance and PowerBalance luminaires. The newly built smart office was integrated with almost 400 LED light fixtures, which were connected to Cisco’s secure networking technology and powered by a small electric charge carried by the network’s Ethernet cables.
Hubbell Incorporated was incorporated in 1905 and is headquartered in Connecticut, US. The company had around 19,100 employees as of 2020. It has 58 manufacturing facilities, including 24 facilities in the US. Hubbell Incorporated is primarily engaged in the design, manufacture, and sales of electrical and electronic products for a broad range of non-residential and residential construction, industrial, and utility applications.
Hubbell’s operations are categorized into two business segments—electrical and power—each comprising various business groups and key brands. The electrical segment provides standard and special application wiring device products, rough-in electrical products, connectors, and grounding products, lighting fixtures, and controls. The power segment designs, manufactures, and sells transmission and distribution components, primarily for electrical utilities. The company sells its lighting products under various brands and trademarks, such as Kim Lighting, Architectural Area Lighting, Security Lighting Systems, Progress Lighting Design, Beacon Products, Dual-Lite, and Litecontrol.
Hubbell Incorporated offers PowerHUBB, an enterprise-level PoE lighting and control platform that It provides end-users with a fully integrated, end-to-end PoE network leveraging the Internet of Things (IoT). PowerHUBB utilizes standard Ethernet Cat5e/6 cabling to distribute power and control, as well as to provide monitoring capabilities over a PoE network. Hubbell has a broad array of LED-luminaire products within its portfolio, and the majority of new product development efforts are oriented toward expanding these offerings.
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