Market for Power over Ethernet Technology in Digital Building Applications Is Expected to Grow Nearly 15% from 2019-2028
Power over Ethernet technology is highly viable for applications such as lighting, sensors, smart locks, thermostats, digital signage, and other building controls
A new report from Navigant Research examines the use of Power over Ethernet (PoE) in building automation and digital building applications, providing global market forecasts through 2028.
PoE, an established technology for multiple IT applications such as internet protocol (IP) phones and Wi-Fi access points has been gaining attention as a potential connectivity solution for building automation and intelligent building technologies. By supplying both low voltage power and a data connection to an end-use device, PoE is highly viable for applications such as lighting, sensors, smart locks, thermostats, digital signage, and other building controls. Click to tweet: According to a new @NavigantRSRCH report, the market for PoE technology in digital building applications is expected to grow at a compound annual growth rate (CAGR) of 14.9% during the next 10 years, with the total value of the market anticipated to increase from around $101.5 million in 2019 to $352.9 million by the end of 2028.
“PoE-based solutions for buildings are generating excitement in the market due to their reliability, flexibility, and scalability, as well as the potential cost savings associated with reductions in cabling infrastructure and labor costs,” says Sasha Wedekind, research analyst at Navigant Research. “The primary market focus has been on PoE enabling a data network for lighting applications coupled with advanced sensing technologies ranging from people-counting sensors to air quality controls.”
According to the report, the market for these types of PoE applications is young, and vendors are still developing and testing solutions. To overcome barriers such as lack of a clearly articulated value proposition, market players need to identify and grow appropriate market channels while working to increase consumer awareness.
The report, Power over Ethernet for Digital Buildings, discusses these and other market issues. The10-year market revenue forecast (2019-2028) is segmented by three categories: lighting applications coupled with advanced sensor technologies, lighting-only applications, and other building functionality applications such as HVAC controls, building access, and digital signage. The study is also segmented by new construction and retrofit projects, global regions, and commercial building types. This report does not cover PoE markets for IP phones, Wi-Fi routers, and IP cameras. An executive summary of the report is available for free download on the Navigant Research website.
*The information contained in this press release concerning the report, Power over Ethernet for Digital Buildings, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.