Power over Ethernet (POE) Lighting Market Power over Ethernet (POE) Lighting Market | Page 2

the significant market share of power over ethernet (POE) lighting and is estimated to continue its dominance
in the years to come. The reason behind the overall sector growth could be the growing demand for POE-based
products. Also, the residential sector is estimated to grow at the fastest pace in the years to come.
Globally, North America accounted for the substantial market share of power over ethernet (POE) lighting
industry and is estimated to lead the overall market in the years to come. The reason behind the overall market
growth could be the rising demand for POE controllers & ICs and the presence of key manufacturers in this
region. The United States and Canada are the major consumers of power over ethernet (POE) lighting in this
region.
The Asia Pacific and Europe are also estimated to have a positive influence on future growth. The Asia Pacific is
the second largest region with significant market share. The developing countries like India and China are the
major consumers of power over ethernet (POE) lighting in this region. However, Europe is estimated to grow at
the highest CAGR in the forecast period. The key players of power over ethernet (POE) lighting market are Igor,
Cisco Systems, NuLEDs, Innovative Lighting, Cree, Molex, and Philips Lighting. These players are concentrating
on inorganic growth to sustain themselves amidst fierce competition.
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