PUNE, India, October 5, 2016 /PRNewswire/ --
According to the new market research report "Power Over Ethernet Solutions Market by Type (PSE Controllers & ICs, PD Controllers & ICs), Device Type (Power Sourcing Equipment, Powered Devices), Application (Connectivity, LED Lighting Control), Vertical, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to grow from USD 451.1 Million in 2015 to reach USD 1,048.3 Million by 2022, at a CAGR of 12.56% between 2016 and 2022.
Browse 60 market data Tables and 64 Figures spread through 180 Pages and in-depth TOC on "Power Over Ethernet Solutions Market"
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The increasing adoption of the PoE technology for supplying electricity to powered devices due to its advantages such as low cost of installation, high convenience, and reliability has led to the rise in the demand for PoE power sourcing equipment and PoE compatible powered devices, thereby leading to increase in demand for power over Ethernet solutions.
Market for powered device (PD) controllers & ICs likely to grow at the highest rate during the forecast period
Powered device (PD) controllers & ICs are expected to lead the overall power over Ethernet solutions market during the forecast period. The power over Ethernet solutions market for powered device (PD) controllers & ICs is expected to grow at the highest rate between 2016 and 2022. This market growth can be attributed to the increasing demand for PoE-enabled powered devices, especially VoIP phones, wireless access points, and IP cameras.
Commercial vertical accounted for the largest share of the power over Ethernet solutions market in 2015
The Power Over Ethernet Solutions Market is led by the commercial vertical, which is further segmented into office buildings, healthcare, retail, and others. The high demand for power over Ethernet technology-based products from office buildings, especially for connectivity and security & access control applications, is one of the major factors driving the growth of the power over Ethernet solutions market for the commercial vertical.
North America held the largest market share in 2015
North America held the largest share of the power over Ethernet solutions market in 2015, followed by APAC and Europe. The U.S. accounted for the largest share of the power over Ethernet solutions market in North America, followed by Canada and Mexico. The high growth of the market in this region can be attributed to the increasing demand for PoE controllers & ICs due to the presence of a large number of PoE power sourcing equipment as well as powered device manufacturers in North America.
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The major players operating in this market include Texas Instruments, Inc. (U.S.), Maxim Integrated Products, Inc. (U.S.), Axis Communications AB (Sweden), STMicroelectronics N.V. (Switzerland), Linear Technology Corp. (U.S.), Broadcom Ltd. (U.S.), Microsemi Corp. (U.S.), ON Semiconductor (U.S.), Monolithic Power Systems, Inc. (U.S.), and Silicon Laboratories, Inc. (U.S.), among others.
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