Power over Ethernet Market Overview:
Power over Ethernet (POE) is a technology which enables the transfer of the electric signals with data over paired Ethernet cables and allows the transfer of electric power with data over the same power cable to the POE enabled devices. Factors such as low maintenance, low cost, less downtime, easy installation among others are some of the technological factors which makes it more advanced than traditional network power cables. The rising energy cost and adoption of POE in the commercial sectors are expected to surge the market over period of time.
The market of Power over Ethernet has been segmented on the basis of types, power to port, applications and end users. By types, powered device controller & ICs is expected to dominate market and to grow at the highest rate over the time. The main factors supporting this growth is increasing demand for PD controller products such as IP cameras, wireless access point and POE enabled devices. POE controller provides equipment safety by enabling safe delivery of power without any damage to cable as well as device.
The factors such as control over device, cost efficiency, efficient monitoring and flexible network architectures in various application segments has contributed to enhanced growth of the market. High adoption of the VoIP technology and rising demand for network security cameras are anticipated to drive the demand of power over Ethernet market as these devices are placed at the higher place on the wall where power is provided with the POE power cables.
The Global Power over Ethernet Market is expected to grow at CAGR of 13% and estimated to reach at market size of USD 1 billion by the end of forecast period.