Infotainment Segment is Expected to be Fastest Growing During Forecast Period for MEA Region

According to a new market research study on “MEA 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$ 151.08 million by 2027 from US$ 61.56 million in 2019. The market is estimated to grow at a CAGR of 12.5% from 2020 to 2027. The report provides trends prevailing in the MEA Power over Ethernet market along with the drivers and restraints pertaining to the market growth. Escalating LED lighting adoption owing to supportive government initiatives is the major factor driving the growth of the MEA Power over Ethernet market. However, issues such as unstable raw materials prices hinders the growth of MEA Power over Ethernet market.

The MEA Power over Ethernet market is segmented based on type, application, and end user. Based on type, the MEA 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 MEA region. Among the MEA countries, Iran has faced the highest number of COVID-19 confirmed cases. Other significant countries facing the economic impact of COVID-19 include Turkey, Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait. Due to their heavy reliance from European and Asian regions for various automotive OEMs and their aftermarket products, the regions witnessed a sharp decline in the MEA regions. The power over Ethernet market in the MEA is majorly affected by the disruption in the distribution of components and equipment. Owing to the various containment measure initiated by the government, such as travel restrictions, factory shutdown, and lockdowns, the supply and distribution of semiconductors and electronics had been hampered. The demand for electronics, including power over Ethernet systems has weakened over the past couple of months, which has impacted the revenue streams of players operating in this region.

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.; and Texas Instruments, Inc. are among the leading companies in the MEA 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 new Power over Ethernet (PoE) Powered Device (PD) series, Si3406x and Si3404. The new series target wireless access points, ip phones, ip cameras, and smart lighting. The new ICs support IEEE 802.3 at PoE+ power capabilities.

The report segments the MEA Power over Ethernet Market follows:

MEA Power over Ethernet Market – By Type

• Power Sourcing Equipment
• Powered Devices

MEA Power over Ethernet Market – By Application

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

MEA Power over Ethernet Market – By End User

• Residential
• Commercial
• Industrial  

MEA Power over Ethernet Market – By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA