Daily Technology News

Technology News and Press Release Distribution Services

About US | Contact Us

Home | Technology News | Submit Press Release | Submit RSS Feed
Unlimited Press Release Distribution
Press release distribution service

IT News Media

ComputerWeekly
CIO News
PC World
MacWorld
InfoWorld
Tech Republic
Wall Street Journal Digital
ZDNet
Submit press release to these Tech media distribution list.

Technology News Releases

Power Over Ethernet Lighting Market expected to be worth $1,174 million by 2024

 



(IT-NEWSWIRE.COM, November 28, 2019 ) 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%. 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 PoE lighting market include improving POE standards for higher power, speed, and efficiency; growing adoption of smart and automated systems; and rising demand for smart workplaces. Major restraints for the market are the high cost of PoE switches and the requirement of additional equipment. Limited transmission distance and power delivery rates pose a major challenge for the PoE lighting market.



Download PDF Brochure:-

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=87276526



The market for the software and services segment is projected to grow at the highest CAGR during the forecast period. Software are used to evaluate energy optimization and savings, emission reductions, and financial viability. It is expected that there would be more configurable options to be included in connected PoE lighting systems, which would require more complex software solutions. The growth of the services segment is mainly propelled by the use of connected PoE LED lighting for energy conservation and ecological safety.



The greater than 25 watts segment is likely to hold the largest size of the PoE lighting market during the forecast period. Improving PoE standards, coupled with the growing demand for high input-powered devices for lighting, are driving the said market. OEMs are developing integrated solutions in luminaires, which require more input power. Thus, there is a growing requirement for power supplying equipment with high output to power the devices. This is expected to further propel the market for high wattage PoE lighting systems.



Among applications, the commercial segment is expected to hold the largest size of the PoE lighting market during the forecast period. The market for the commercial application is driven by the growing adoption of PoE lighting in offices and healthcare applications. Growing affordability and higher efficiencies are driving the use of PoE lighting in commercial buildings. As PoE lighting is more viable where there is existing IT infrastructure, the commercial segment is best suited for deploying PoE lighting solutions. PoE lighting makes installing or expanding a network much simpler and cheaper in office buildings where it is too expensive to install new power lines. Owing to such benefits, the market for PoE lighting solutions is likely to grow further.



The PoE lighting market in APAC is expected to grow at the highest CAGR



during the forecast period. The market has enormous growth potential in this region, as connected lighting systems are rapidly being adopted in differing applications. Moreover, lighting manufacturers based in China are giving fierce competition to companies based in North America and Europe. Chinese cities are offering a perfect mix of cheap land, good infrastructure, and an abundant workforce to attract investments in industrial development. Additionally, China’s New-Style Urbanization Plan (2014–2020) is promoting a greener and environment-friendly society. This would further increase the adoption of PoE lighting within the country.



About MarketsandMarkets™



MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

sales@marketsandmarkets.com



360Quadrants

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com



Technology News By Sector
  • Application Development
  • Big Data
  • Desktops
  • Cloud Computing
  • Data Centers
  • Mobile Computing
  • OS
  • Open Source
  • Security
  • Virtualization
  • 
    
    

     Sign-Up To Our Free Newsletter!  
    IT-NewsWire Newsletter
     


    
    
    
    
    Technology Marketplace

    Free Information Technology Magazines, Downloads
    Get free tech publications including magazines and white papers
    Amazon, Inc News Headlines
    Read breaking news about Amazon.com as reported by TV news anchors and summaries news articles from New York Times

    Free Computer Security Magazines
    Download or subscribe to latest IT Security publications -- free of charge.

    Microsoft News
    Microsoft financial and at Work: read news about MSFT hardware, software and services.
    Submit RSS News Feed.
    Have your feed on news, products or services displayed under this marketpalce. The feed is also displayed on a full page and updated daily. Add RSS feed Now!



    Press release distribution services: Submit press release to major media. Unlimited press release service

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

    IT-Newswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2013 GroupWeb Media LLC. All Rights Reserved.


    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    IT-NewsWire.Com - Newswire and Press Release service of GroupWeb Media LLC