North America Power over Ethernet Market is expected to reach US$ 660.59 million by 2027

Power Devices Segment to Dominate North America Power over Ethernet Market during 2019–2027

According to a new market research study on “North America 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$ 660.59 million by 2027 from US$ 306.98 million in 2019. The market is estimated to grow at a CAGR of 10.6% from 2020 to 2027. The report provides trends prevailing in the North America Power over Ethernet market along with the drivers and restraints pertaining to the market growth. Rising usage of connected devices is the major factor driving the growth of the North America Power over Ethernet market. However, issues such as connectivity protocols lacking standardization hinders the growth of North America Power over Ethernet market.

The North America PoE market is segmented based on type, application, and end user. Based on type, the North America PoE 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 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.

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 North America 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 2021, Cisco Systems, Inc. acquired Acacia Communications, a high-speed coherent optical interconnect products manufacturer for US $4.5 billion.

The report segments the North America Power over Ethernet Market follows:

North America Power over Ethernet Market – By Type

• Power Sourcing Equipment
• Powered Devices

North America Power over Ethernet Market – By Application

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

North America Power over Ethernet Market – By End User

• Residential
• Commercial
• Industrial  

North America Power over Ethernet Market – By Country

• US
• Canada
• Mexico