Lighting Control Segment to Dominate Europe Power over Ethernet Market during 2019–2027

According to a new market research study on “Europe 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$ 594.24 million by 2027 from US$ 249.71 million in 2019. The market is estimated to grow at a CAGR of 12.0% from 2020 to 2027. The report provides trends prevailing in the Europe Power over Ethernet market along with the drivers and restraints pertaining to the market growth. Growing usage of Power over Ethernet in digital building and automation applications is the major factor driving the growth of the Europe Power over Ethernet market. However, issues such as connectivity protocols limited standards hinders the growth of Europe Power over Ethernet market.

The Europe Power over Ethernet market is segmented based on type, application, and end user. Based on type, the Europe 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 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.

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 Europe 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, On Semiconductors Corp. announced that their PoE solutions are now compliant with IEEE 802.3bt standards owing to the increasing power demands of IoT endpoints.  

The report segments the Europe Power over Ethernet Market follows:

Europe Power over Ethernet Market – By Type

• Power Sourcing Equipment
• Powered Devices

Europe Power over Ethernet Market – By Application

• IoT Connectivity
• Lighting control
• Infotainment
• Access control and security
• Communication Applications
• Others

Europe Power over Ethernet Market – By End User

• Residential
• Commercial
• Industrial  

Europe Power over Ethernet Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe