Europe Power over Ethernet Market
No. of Pages: 158 | Report Code: TIPRE00020083 | Category: Electronics and Semiconductor
No. of Pages: 158 | Report Code: TIPRE00020083 | Category: Electronics and Semiconductor
The European power over Ethernet market is further segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In Europe, various communication solutions are an integral part of residential, commercial, and industrial applications. With the increasing adoption of technology-based solutions among businesses, the demand for advanced extra-terrestrial communications solutions is growing in the region. Moreover, in Europe, the R&D investments in the automotive sector have increased by 6.7% to reach US$ 68.75 billion annually. The growth of the connected car is mounting in the region immensely, which is providing opportunities for the automotive sector and the developers who support it. The connected cars progressively stream data into the cloud from infotainment systems, telematics systems, and smart IoT sensors; with more cloud-based services being offered online, each connected vehicle can generate <25 gigabytes per hour. According to an Ericsson report, these devices account for 60% of the total internet usage in the region. High smartphone penetration has been providing momentum to the testing business. With the mounting preference to switch to new mobile phones, the penetration of smartphones has further increased; the similar trend also propels the adoption of laptops and tablets, among others, due to smart features integrated with these gadgets. In the consumer electronics industry, IoT supports the production of smart, connected, and standards-compliant devices. Additionally, the smart metering application across the region has entered into an early maturity stage with mass rollouts in the significant parts of Western Europe. Also, growing usage of Power over Ethernet in digital building and automation applications is going to bolster the demand for Power over Ethernet in the coming years, which is further anticipated to drive the Europe Power over Ethernet market.
The COVID-19 outbreak has severely impacted the Europe region. Europe is one of the most important regions for the adoption and development of new technologies owing to the factors such as favorable government policies to boost innovation, the presence of a high-tech companies, and high purchasing power, especially in developed countries. The outbreak of the virus has distrusted the supply chain and manufacturing processes in various countries of the region. To control the spread of the COVID-19, governments have imposed various measures, which have led manufacturing facility to operate with limited work force, which ultimately affected the production of semiconductors and electronics in this region. Further, the recent imposition of containment measure owing to the spread of newly mutated strain might further hamper the market in this region. Thus, the spread of newly mutated strain of COVID-19 is anticipated to affect the market till first quarters of 2021.
Strategic insights for the Europe Power over Ethernet provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 222.99 Million |
| Market Size by 2027 | US$ 594.24 Million |
| Global CAGR (2020 - 2027) | 12.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Deployment
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Power over Ethernet refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Power over Ethernet market in Europe is expected to grow from US$ 222.99 million in 2019 to US$ 594.24 million by 2027; it is estimated to grow at a CAGR of 12.0% from 2020 to 2027. As the governments and businesses realize the significance of technology, various government and private initiatives are emerging for the development of smart cities. A smart city is characterized by various connected devices such as cameras, sensors, recorders, and other smart devices, which utilize information and communication technologies to provide better public wellbeing, service levels, economic development, and sustainability. Moreover, smart city is known for its enhanced safety levels, efficient public utilities, improved public transport services, efficient utilization of energy, economic development opportunities, and data-driven decision making system, among other benefits. The growing need for optimum utilization of resources to create sustainable development is paving the way for smart cities, which is expected to create growth opportunities for POE market players.
In terms of type, the powered devices segment accounted for the largest share of the Europe Power over Ethernet market in 2019. In terms of application, lighting control segment accounted for the largest share of the Europe Power over Ethernet market in 2019. Further, commercial segment held a substantial share of the Europe Power over Ethernet market based on end user in 2019.
A few major primary and secondary sources referred to for preparing this report on the Power over Ethernet market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Broadcom Ltd.; Cisco Systems, Inc.; Dell Inc; Huawei Technologies Co., Ltd.; Maxim Integrated Products, Inc; Monolithic Power Systems Inc.; ON Semiconductor Corporation; Silicon Laboratories Inc.; STMicroelectronics N.V.; and Texas Instruments, Inc.
The Europe Power over Ethernet Market is valued at US$ 222.99 Million in 2019, it is projected to reach US$ 594.24 Million by 2027.
As per our report Europe Power over Ethernet Market, the market size is valued at US$ 222.99 Million in 2019, projecting it to reach US$ 594.24 Million by 2027. This translates to a CAGR of approximately 12.0% during the forecast period.
The Europe Power over Ethernet Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Power over Ethernet Market report:
The Europe Power over Ethernet Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Power over Ethernet Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Power over Ethernet Market value chain can benefit from the information contained in a comprehensive market report.
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