The global Power over Ethernet lighting market is projected to reach USD 13.50 billion by 2025.
— Global Power over Ethernet lighting market
Increasing development as well as adoption of new technologies and devices among the individuals that makes use of new networking capabilities such as Wifi, internet of things, and others, are the major factors that are fueling the growth of global Power over Ethernet lighting market over the forecast time frame. Further, increasing urbanization, industrialization, development of smart cities, smart infrastructures, and implementation of several new technologies across various regions in several industries are further creating opportunities for the expansion of global Power over Ethernet lighting market over the coming years. Several benefits of these products such as low cost of installation, cost cutting over the traditional methods, rising investments for the development of new technologies and their integration with the traditional systems are also contributing to creating positive impact on the expansion of global Power over Ethernet market over the coming years.
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Rising usage of the Power over Ethernet lighting in the industrial and commercial sector as well as awareness regarding the cost saving benefits of these systems among the company professionals are further creating its demand across the globe, hence, creating a positive impact on the growth and development of global Power over Ethernet lighting market in the analysis time frame.
Increasing implementation of the smart housing, smart cities, smart infrastructure systems especially in the urban areas to make smart hospitals, school systems, commercial complexes, offices and other places, as well as growing demand for the integration of Internet of things across various places are further increasing the adoption of these systems, thereby contributing to the expansion of global Power over Ethernet lighting market over the analysis time frame. Rising number of technologies as well as adoption of several technologies for their beneficial uses for the customers and companies, are fueling the market growth.
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Growing cases of the corona virus pandemic across the globe in several regions has caused shutdowns of factories and industries, thereby causing disruptions in the manufacturing sector and disrupting the supply chain ecosystem, hence likely to hamper the growth of the global Power over Ethernet lighting market over the analysis period.
Considering the geographical analysis, the global structural steel market is fragmented into Saudi Arabia, Germany, India, Egypt, United States, Canada, Turkey, Korea, Philippines, Poland, Nigeria, Netherlands, Sweden, UAE, China, France, Belgium, Thailand, USA, China, Europe, Columbia, Switzerland, South UK, Chile, Australia, Spain, Italy. In terms of product spectrum, the document is bifurcated into residential, non residential, commercial, non-industrial and institutional.
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The key players in the global Power over Ethernet market are Signify N.V., Cisco Systems, Inc., IGOR INC., Molex Incorporated, Leviton Manufacturing Company, Inc., NuLEDs Inc., Cree, Inc, Axis Communications AB, and others.
Key Segments of the Global Power over Ethernet Lighting Market
Product Overview, 2015-2025 (USD Million)
• Power Sourcing Equipment (PSE)
• Powered Devices (PD)
End User Overview, 2015-2025 (USD Million)
Regional Overview, 2015-2025 (USD Million)
• North America
o Rest of Europe
o Rest of Asia-Pacific
• South America
o Rest of South America
• Middle East and Africa
o Saudi Arabia
o Rest of MEA
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