"Growing demand for PoE-enabled products is fueling the growth of the power over Ethernet (PoE) solutions market."
The global power over Ethernet solutions market is expected to grow at a CAGR of 12.56% between 2016 and 2022 to reach USD 1,048.3 million by 2022 from USD 451.1 million in 2015
Increasing demand for PoE-based products, especially in the commercial vertical, is one of the major factors fueling the growth of this market. In addition, the growing IoT industry is also expected to generate demand for networking devices, including wireless access points, IP cameras, and others, thereby further accelerating the growth of the power over Ethernet solutions market. The key restraining factor for the growth of the power over Ethernet solutions market is the limitation on the amount of power delivered to the end devices by the use of PoE-based power sourcing equipment.
"The power over Ethernet solutions market for LED lighting control applications is expected to grow at a high rate during the forecast period."
Factors such as increasing performance and declining cost of LED products, along with the rising awareness about energy savings, have led to the increase in demand for LED products. These factors are also driving the growth of the power over Ethernet solutions market since the PoE technology is being used for powering, connecting, and controlling smart LED hubs.
North America is expected to hold the largest share of the power over Ethernet solutions market during the forecast period, while the market in APAC is expected to grow at the highest rate during the same period. China, Japan, South Korea, and Taiwan are some of the major countries driving the growth of the power over Ethernet solutions market in APAC. A significant number of prominent companies offering PoE power sourcing equipment and PoE compatible powered devices are based out of North America and APAC. This is one of the major factors driving the growth of the power over Ethernet solutions market in North America and APAC.
The report also profiles the key players in the power over Ethernet solutions market and analyzes their market ranking.
The prominent players profiled in this report are:
- Akros Silicon, Inc.
- Broadcom Ltd.
- Cisco Systems, Inc.
- Linear Technology Corp.
- Maxim Integrated Products, Inc.
- Microsemi Corp.
- Monolithic Power Systems, Inc.
- Semiconductor Corp.
- Silicon Laboratories Inc.
- Stmicroelectronic N.V.
- Texas Instruments Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Power Over Ethernet Standards
8 Power Over Ethernet Solution Markert, By Type
9 Power Over Ethernet Solution Markert, By Product
10 Power Over Ethernet Solution Market, By Application
11 Power Over Ethernet Solutions Markrt, By Vertical
12 Power Over Ethernet Solutions Market, By Geography
13 Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/8htgqb/power_over
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-power-over-ethernet-solutions-market-growth-at-cagr-of-1256-2016-2021-market-to-surpass-1-billion---research-and-markets-300348573.html
SOURCE Research and Markets