Market Research Report
Power over Ethernet (PoE) Lighting
|Published by||Global Industry Analysts, Inc.||Product code||994767|
|Published||Content info||211 Pages
Delivery time: 1-2 business days
|Power over Ethernet (PoE) Lighting|
|Published: April 1, 2021||Content info: 211 Pages||
Global Power over Ethernet (PoE) Lighting Market to Reach $2.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Power over Ethernet (PoE) Lighting estimated at US$336 Million in the year 2020, is projected to reach a revised size of US$2.4 Billion by 2027, growing at aCAGR of 32.8% over the period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record 30.1% CAGR and reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software & Services segment is readjusted to a revised 37% CAGR for the next 7-year period.
The U.S. Market is Estimated at $101 Million, While China is Forecast to Grow at 31.9% CAGR
The Power over Ethernet (PoE) Lighting market in the U.S. is estimated at US$101 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$419.5 Million by the year 2027 trailing a CAGR of 31.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29.2% and 28.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 23.3% CAGR.
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