Power Over Ethernet Solutions Industry - Regional Synopsis
North America Market Forecast
The POE solutions market in North America is anticipated to have the highest growth during the forecast period, backed by a rise in demand for wireless devices. Federal and provincial initiatives are green energy and smart infrastructure in North America. A surge in the inclusion of IoT devices and energy-efficient networking solutions also drives the growth in the region. For instance, in the U.S., the National Institute of Standards and Technology (NIST) has supported the inclusion of POE in smart cities and commercial buildings due to the demand for cost and energy savings. Additionally, in the U.S., the Bipartisan Infrastructure Law in 2021 included USD 510 million for smart grid grants and USD 1.2 billion for establishing smart infrastructure in the reconnecting communities pilot program. Additionally, in Canada, Innovation, Science, and Economic Development reported a surge in the deployment of Power over Energy in the last year, especially in the healthcare and education sectors.
Asia Pacific Regional Analysis
The power over ethernet solutions market in Asia Pacific is projected to witness staggering growth due to the rise in the development of smart buildings and IoT adoption. Also, the market is backed by the expansion of 5G and Wi-Fi networks that require robust POE infrastructure. For instance, in China, the government has infused almost USD 310 billion during 2021-2025 for smart city infrastructure and developed almost 5.1 million POE-enabled IP cameras under the National Safe Cities Project. Additionally, the market growth has also been propelled by mandates for developing energy-efficient buildings in the 14th 5-year plan. In Japan, the inclusion of IoT and automation in various industries and offices is fueling POE demand, supported by the Society 5.0 program.
