Power over Ethernet Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

Power over Ethernet (PoE) is a growing market, with a current value of $ 1719.76 billion in 2024, which is expected to grow to $ 88,899.28 billion by 2032. This is a remarkable growth rate, and the compound annual growth rate (CAGR) is 22.8 percent during the forecast period. It is due to the increasing demand for smart building applications, Internet of Things (IoT) devices, and network upgrades. It is also due to the rising trend of smart cities. Besides, the tycoons are pursuing the efficiencies of their operations and the reduction of energy costs. PoE technology provides a solution to this problem by enabling the transmission of both data and power over a single cable. The major players in the market, such as Cisco, TP-Link, and Netgear, are constantly investing in research and development, forming strategic alliances, and launching new products to meet the rising demand. These activities not only strengthen their positions in the market, but also help the development of PoE technology in various industries.

Regional Market Size

Regional Deep Dive

The Power over Ethernet (PoE) market is growing rapidly across all regions, pushed by the rising demand for power solutions in telecommunications and network applications. North America has the most advanced network and is home to the highest uptake of smart technology. Europe is experiencing a push from governments to promote energy-efficient solutions. The Asia-Pacific region is rapidly developing due to the increasing urbanization and proliferation of IoT devices. The Middle East and Africa region is gradually adopting PoE technology, influenced by the digital transformation projects in place. Latin America is also a potential market for PoE with the increasing investment in telecommunications and smart city projects. PoE is a market with a high growth potential. Driven by technological innovation and the rising awareness of energy conservation, the market is expected to continue to grow.

Europe

• In Europe, the European Union's Green Deal is promoting the use of energy-efficient technologies, including PoE, as part of its commitment to reducing carbon emissions, which is driving innovation and investment in the sector.
• Key players like Siemens and Schneider Electric are actively developing PoE-enabled devices and solutions, contributing to the region's leadership in smart building technologies.

Asia Pacific

• The Asia-Pacific region is witnessing rapid urbanization, with countries like China and India investing heavily in smart city initiatives that incorporate PoE technology for enhanced connectivity and energy management.
• Innovations in PoE technology, such as the development of PoE++ standards, are being driven by companies like TP-Link and D-Link, which are expanding their product offerings to meet the growing demand for high-power PoE solutions.

Latin America

• Latin America is beginning to embrace PoE technology, particularly in Brazil and Mexico, where investments in telecommunications infrastructure are creating opportunities for PoE applications in both urban and rural areas.
• The rise of IoT applications in agriculture and smart homes is driving demand for PoE solutions, with local startups and established companies exploring innovative ways to integrate these technologies.

North America

• The North American market is experiencing a rapid rise in the use of PoE technology in smart buildings, with Cisco and Aruba being the two leading suppliers of integrated solutions that enhance energy efficiency and reduce installation costs.
• Recent regulatory changes, such as the Energy Policy Act, are encouraging the use of energy-efficient technologies, which is expected to further boost the demand for PoE systems in commercial and residential sectors.

Middle East And Africa

• In the Middle East and Africa, the adoption of PoE technology is being accelerated by government initiatives aimed at digital transformation, such as the UAE's Vision 2021, which emphasizes smart infrastructure development.
• Local companies like Al-Futtaim Engineering are partnering with global technology providers to implement PoE solutions in various sectors, including hospitality and education, enhancing the region's technological landscape.

Did You Know?

“Did you know that Power Over Ethernet can deliver up to 90 watts of power, making it suitable for a wide range of devices, including high-performance wireless access points and security cameras?” — IEEE 802.3bt Standard

Segmental Market Size

Power over Ethernet (PoE) is experiencing strong growth, driven by the increasing demand for efficient power solutions in various applications. There are several factors driving this growth, such as the rise of smart building and the proliferation of IoT devices that require both power and data connections. Also, regulations to promote energy efficiency are driving the industry to adopt PoE solutions. PoE is currently being used in a wide variety of applications, including smart building, smart healthcare and smart city. Leading companies such as Cisco and Aruba provide PoE-enabled products for a variety of applications, from IP cameras to wireless access points. Also driving this market are the drive for green energy and the integration of renewable energy. PoE is evolving. With the introduction of PoE++ and the development of Ethernet standards, the power output of PoE can be increased and the system efficiency improved.

Future Outlook

Power over Ethernet (PoE) market is expected to grow at a remarkable CAGR of 22.8% from 2024 to 2032. The market growth is due to the rising demand for efficient power transfer solutions in various sectors, such as commercial, residential and industrial applications. As the Internet of Things (IoT) is rapidly growing, the penetration of PoE is expected to rise significantly. It is estimated that by 2032, PoE-enabled devices could account for more than 30% of all networked devices in the world, compared to about 10% in 2024. And key technological developments, such as the development of IEEE 802.3bt standards that can support higher power levels, will also drive this market growth. Besides, the increasing awareness of energy efficiency and green building will also lead companies to adopt PoE solutions, which can save costs by reducing the need for extra power supplies. In addition, the integration of PoE with smart building technology and the rise of edge computing will also promote the market growth. And as governments continue to focus on energy-saving solutions, the PoE market is expected to thrive and become an important component of modern power distribution.