Power over Ethernet (PoE) Solutions Market
Power over Ethernet (PoE) solutions is defined as the integration of different technologies for providing electrical power in the Ethernet components to ensure that they can forward this electrical power for the functioning of different components. This technology delivers better levels of effectiveness in resource consumption, while improving the flexibility, reliability, scalability and safety of electrical power transferring and consumption. Although, there are certain limitations in regards to the devices that can be integrated with this technology with currently VoIP phones, IP cameras and wireless systems capable of utilizing this technology.
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The main factors boosting the Global Power Over Ethernet (PoE) Solutions Market are:
- Ease of installation and operability of this technology: One of the most widely popular benefits associated with the PoE solutions is the ease with which this technology can be deployed in different applications. This ease that the technology being utilized has ensured that the demand rate for PoE solutions has increased significantly in the forthcoming period of 2019 to 2026.
- Increasing demand for wireless networking and VoIP communication systems: Another factor that is acting as a valuable market driver is the growing requirements for wireless networking infrastructure and VoIP communication systems from the different end use industries. This demand rate has ensured that the utilization of PoE solutions have increased considering the growing consumption of VoIP communication systems
The market is segmented on the basis of type as PSE and PD. Device segment has been sub-segmented into Ethernet switches & injectors, IP cameras, VoIP phones, wireless radio access points and others. Application segment has been categorized into IoT connectivity, lighting control, infotainment, access control & security and others. End-use has been categorized into commercial, residential and industrial.
Some of the Global Power Over Ethernet (PoE) Solutions Market developments are as follows:
- In September 2019, Semiconductor Components Industries, LLC (ON Semiconductor) announced their strategy of supporting the “IEEE 802.2bt” standard by introducing various different products and solutions capable of being compliant with the standard, while offering high-speed connectivity of power in LAN connections. The expansive products enhances the supporting of power to 100 W for a wide variety of systems
- In October 2018, The Ethernet Alliance announced the ratification of “IEEE 802.3bt” amending the Power over Ethernet (PoE) standard for four pairs. This ratification involves the addition of four new classes, while improving the power supply capacity by three factors. This ratification of standard will revolutionize the PoE industry. The consortium announced the launch of a second generation product certification programming to help enable better scalability of the technology in different applications
According to Data Bridge Market Research, Global Power Over Ethernet (PoE) Solutions Market is expected to reach USD 1915.97 million by 2026, expanding at a healthy growth rate during the forecast period of 2019 to 2026
Some of the major players operating in the market are Advantech Co., Ltd., Analog Devices, Inc., Belden Inc., Broadcom, Cisco, COMMSCOPE, Dell, euromicron AG, Hewlett-Packard Development Company, L.P., Huawei Technologies Co., Ltd., Kinetic Technologies, Maxim Integrated, Monolithic Power Systems, Inc., Microchip Technology Inc., NETGEAR, Semiconductor Components Industries, LLC, ORing Industrial Networking Corp., Silicon Laboratories, STMicroelectronics, Texas Instruments Incorporated, ALE International, ALE USA Inc., Juniper Networks, Inc., D-Link Corporation, ADTRAN, Inc., ALAXALA Networks Corporation and ZTE Corporation among others.
Currently, the PoE market is witnessing the upgradations and availability of advanced standardizations and regulations that have been developed to provide more effective PoE solutions to the different applicable industries. These upgradations by the authorities are aimed at improving the performance of PoE technology helping deliver the different solutions in a more efficient manner. These upgradations of standards have also enabled improvements in terms of products, services and components in the market.
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