Power Over Ethernet Market Size, Share & Trends Analysis grow at a CAGR of 21.8% from 2024 to 2030
The global power over ethernet market size was valued at USD 1.27 billion in 2023 and is projected to grow at a CAGR of 21.8% from 2024 to 2030. The projected growth is attributed to factors such as a growing adoption of the Voice over Internet Protocol (VoIP) technology, wireless networks, rising demand for POE-powered devices such as access points and internet protocol cameras, and advancements in technology. A growth in the integration of power over ethernet (PoE) with smart building applications and lighting controls is also expected to generate greater demand for this market during the forecast period.
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PoE technology is widely employed in smart grids for transmitting data and electricity through a single line to on-site devices that help optimize space and data communication technologies. Emergence and growing adoption of technologies such as the Internet of Things, artificial intelligence and other advanced technology applications such as proximity sensors, and RFID sensors has been driving growth for the industry.
PoE also enables the integration of smart sensors into the network without the additional requirement of electrical outlets in any location. It allows the use of a single cable to supply power and link access points, Voice over Internet Protocol (VoIP) networks, feature-rich video IP phones, smart lighting luminaires, and technology-enabled sensors in smart buildings. Therefore, this factor is fueling the market’s compound annual growth rate.
Type Insights & Trends
Power sourcing equipment controllers and ICs segment dominated the market and accounted for a share of 58.8% in 2023. The suitability of these controllers for multiple devices that need power delivery up to 90W, autonomous operations capacity, innovations & ongoing research, and broad product portfolios offered by the major market participants are expected to generate an upsurge in demand for this segment during the forecast period. Some of the key players that offer a wide range of products related to power sourcing equipment controllers and ICs are Microchip Technology Inc., Texas Instruments Incorporated, Skyworks Solutions, Inc. and others.
Powered device controllers and ICs segment is expected to experience the fastest CAGR during the forecast period. Manufacturers are progressively dedicated to reducing the size and weight of PoE power devices to align with the consumer preferences and trends seen in PoE-enabled devices. The growing demand for compact PoE devices such as access control devices and IP cameras is driving the growth for this segment.
