North America Power over Ethernet Market
No. of Pages: 145 | Report Code: TIPRE00020082 | Category: Electronics and Semiconductor
No. of Pages: 145 | Report Code: TIPRE00020082 | Category: Electronics and Semiconductor
The Power over Ethernet midspans or injector permits to handle both electricity and data; therefore, the Internet-based devices as VoIP phones operate efficiently by connecting it to just one cable instead of two. The constant rise in this market is being driven by the mounting requirement for Power over Ethernet based products such as IP Cameras, Wireless access points, VoIP phones, and others. Several features of the VoIP phones are ease of installation, maintenance, and low cost of communication, which led to the upsurge in VoIP phones' deployment. Thus, boost the North America Power over Ethernet market during the given forecast period 2020-2027.
The PoE has to follow various standards such as 802.3af standard, 802.3at standard, and 802.3bt standard. The rising adoption of the Power over Ethernet technology for security applications is boosting the overall market, and the 802.3af standard is used for the IP camera application. The advanced version of Power over Ethernet follows a standard of 802.3at, which is also known as PoE Plus and is used to deliver around 34.2 W of power to powered devices (PD). Additionally, Ethernet cable applications are increasing, which is estimated to boost the growth of the PoE market further. These standards support various devices such as building management devices and video-conferencing device components, digital signage devices, and point of sale (PoS) devices. Also, rising usage of connected devices is going to bolster the demand for Power over Ethernet in the coming years, which is further anticipated to drive the North America Power over Ethernet market.
The ongoing COVID-19 outbreak has severely impacted the North America region. North America is one of the most important regions for the adoption and development of new technologies owing to favorable government policies to boost innovation, the presence of a high-tech companies, and high purchasing power, especially in developed countries such as the US and Canada. The US is the worst-hit country in North America, with thousands of infected individuals facing severe health conditions across the country. The North American region is greatly influenced by the US's strong presence owing to its considerable penetration of passenger vehicles per capita and large presence of automobile manufacturing capabilities in the region. Though the US witnessed a notable surge in the number of COVID-19 cases, the lack of stringent government measures and restrictions slightly impacted the overall industry; hence the market saw a moderate impact from the pandemic. However, the ongoing US and China trade war did influence the availability of materials and components following the pandemic. North America is among the region which houses large number of manufacturing organizations and hence the impact of COVID-19 is projected to be quite significant till the first quarter of 2021.
Strategic insights for the North America 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$ 306.98 Million |
| Market Size by 2027 | US$ 660.59 Million |
| Global CAGR (2020 - 2027) | 10.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Deployment
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America is expected to grow from US$ 306.98 million in 2019 to US$ 660.59 million by 2027; it is estimated to grow at a CAGR of 10.6% from 2020 to 2027. The popularity of LED lighting has grown at an unprecedented rate during the past few years owing to the falling price of LED and rising technological advancements. Moreover, increasing need for energy-savings through efficient lighting is phasing down the adoption of fluorescent and incandescent lighting, which, in turn is fuelling the demand for LED lighting. As per the International Energy Agency (IEA) statistics, the uptake of LED lighting in the residential sector rose from 5% in 2013 to 40% in 2018. The LED lighting solutions are considered highly durable and have a lower environmental footprint; moreover, they are cost-efficient and have longer lifespan.
In terms of type, the powered devices segment accounted for the largest share of the North America Power over Ethernet market in 2019. In terms of application, lighting control segment accounted for the largest share of the North America Power over Ethernet market in 2019. Further, commercial segment held a substantial share of the North America 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 North America 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 North America Power over Ethernet Market is valued at US$ 306.98 Million in 2019, it is projected to reach US$ 660.59 Million by 2027.
As per our report North America Power over Ethernet Market, the market size is valued at US$ 306.98 Million in 2019, projecting it to reach US$ 660.59 Million by 2027. This translates to a CAGR of approximately 10.6% during the forecast period.
The North America 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 North America Power over Ethernet Market report:
The North America Power over Ethernet Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Power over Ethernet Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Power over Ethernet Market value chain can benefit from the information contained in a comprehensive market report.
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