Report : Asia-Pacific Power over Ethernet Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Deployment (Cloud and On-premise), and Application (Colleges and Universities, Educational Services, and Others)
Commercial Segment to Dominate APAC Power over Ethernet Market during 2019–2027
According to a new market research study on “APAC Power over Ethernet Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type, Application, and End User” is expected to reach US$ 455.59 million by 2027 from US$ 177.53 million in 2019. The market is estimated to grow at a CAGR of 13.1% from 2020 to 2027. The report provides trends prevailing in the APAC Power over Ethernet market along with the drivers and restraints pertaining to the market growth. Smart cities becoming significantly important is the major factor driving the growth of the APAC Power over Ethernet market. However, issues such as floating prices of raw materials hinders the growth of APAC Power over Ethernet market.
The APAC Power over Ethernet market is segmented based on type, application, and end user. Based on type, the APAC Power over Ethernet market is segmented as Power Sourcing Equipment (PSE) and Powered Devices (PDs). Powered devices segment accounted for a higher market share in 2019. Based on application, the market is segmented as IoT connectivity, lighting control, infotainment, access control and security, communication applications, and others. Lighting control segment accounted for a higher market share in 2019. Based on end user, the market is segmented as residential, commercial, and industrial. Commercial segment accounted for a higher market share in 2019.
The ongoing COVID-19 outbreak has badly impacted the APAC region. The region is the manufacturing hub of semiconductors and electronics thus containment measure undertaken by the governments in this region has negatively affected the production in this region. China is the leading manufacturing country in this region and is among the worst-hit country which has ultimately impacted the production of semiconductors and electronics facilities. Further, due to the interruption in supply chain and logistics, the procurement rate of various industrial equipment has been quite affected. In India, South Korea, Japan, Vietnam, and others have witnessed a sharp decline in manufacturing activities and new projects owing the lack of availability of work force and movement restrictions. Hence, the disruptions in supply of raw materials and components and also demand from China & other Asian countries is expected to negatively impact the growth of the market in coming quarters.
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. are among the leading companies in the APAC Power over Ethernet market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Silicon Laboratories, Inc. launched three new ICs for PSE and PD products, Si3471 PSE controller, Si3474 quad Ethernet port PSE controller, and Si34071 single-chip PD solution which reduces the complexity and cost of adding 90 W PoE to powered devices (PD) and of adding 90 W PoE to power sourcing equipment (PSE).
The report segments the APAC Power over Ethernet Market follows:
APAC Power over Ethernet Market – By Type
- Power Sourcing Equipment
- Powered Devices
APAC Power over Ethernet Market – By Application
- IoT Connectivity
- Lighting control
- Access control and security
- Communication Applications
APAC Power over Ethernet Market – By End User
APAC Power over Ethernet Market – By Country
- South Korea
- Rest of APAC
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