According to a report by Fortune Business Insights, the global POE LED Lighting market will rise from a value of 192.3 Million Units in 2018 to 544.8 Million Units by the end of 2026. The forecast period is set from 2019 to 2026 and the market for POE LED Lighting is anticipated to rise at a CAGR of 14.1%. According to Fortune Business Insights, the rise in adoption of advanced lighting system in smart buildings and infrastructures is boosting the global POE LED Lighting systems market.
Fortune Business Insights report on POE LED Lighting market is titled, “POE LED Lighting Market Size, Share and Global Trend by End Users (Commercial (Retail, Healthcare, and Education), Industrial and Residential} and Geography Forecast till 2026 “. The report focusses on major growth drivers and restraints affecting the market globally. All information provided in this report is gathered from trusted sources including both primary and secondary mediums.
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POE lighting solutions illuminate about more than 1 billion square feet of commercial spaces. POE lighting systems reduces the cost of energy upto 90%, at a low capital investment, and therefore are attracting huge revenue to the global POE LED Lighting market. In the past few years POE technology has been used in numerous devices and applications.
Some of the companies operating in the global POE LED Lighting market are as follows:
- Texas Instruments Incorporated.
- Akros Silicon, Inc.
- Signify Holding (Philips)
- Cisco Systems, Inc.
- Platformatics INC.
- Eaton lighting
- NuLEDs, Inc.
- GENISYS PoE Lighting Systems
- Maxim Integrated Products, Inc.
- Igor, Inc.
Commercial Sector Emerges Dominant in Market
As per Fortune Business Insights, the commercial segment held the largest share in global POE LED Lighting market in terms of revenue. This is attributable to the fact that POE transmits data and power simultaneously in commercial applications. The increasing demand for VOIP and security cameras for various commercial industries such as education sector, healthcare sector, and others is another factor helping the commercial segment emerge dominant in the global market.
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