Power Over Ethernet (POE) Lighting Market Size, Share & Trends | Industry Report, 2018-2026
Increasing demand for POE based products and simple and cost-effective installation procedure is fueling the market growth. Market Size – USD 0.45 billion in 2018, Market Growth - CAGR of 12.6%, Market Trends – Growth in POE base products like VoIP. The global Power Over Ethernet (POE) Lighting Market is expected to reach USD 1.27 billion by 2026, according to a new report by Reports and Data. The growth of this market is mainly dependent on POE based products. Many devices like VoIP and wireless access points, especially in the commercial vertical are POE-compatible. The continuous increase in the demand of these devices has led to surging in the market of POE lighting market as well. As the market is still at inception, companies are wary of using it for lighting. Even though POE is successful in the telephone system, it is still not accepted widely in lighting. Few companies realize its benefits and partnerships have been formed between lighting and technology companies. P...