Global Power Over Ethernet (PoE) Chipsets Market to Reach US$ 1,805.1 Million by 2032, Stimulated by Growing Adoption of Networked Devices

According to the latest report by IMARC Group, titled “Power Over Ethernet (PoE) Chipsets Market Report by Type (Power Sourcing Equipment (PSE) Chipset, Powered Devices (PD) Chipset), Standard (802.3af Standard, 802.3at Standard, 802.3bt Standard), Device Type (Network Cameras, VoIP Phone, Ethernet Switch and Injector, Wireless Radio Access Point, Proximity Sensor, and Others), Application (Connectivity, Infotainment, LED Lighting, Security, and Others), End-Use Sector (Residential, Commercial, Industrial), and Region 2024-2032,” the global power over ethernet (PoE) chipsets market size reached US$ 733.1 Million in 2023. Power over ethernet (PoE) chipsets are integrated circuits that enable the transmission of both data and power over a single ethernet cable. PoE technology eliminates the need for separate power cables, making it convenient and cost-effective for powering various network devices, such as IP cameras, wireless access points, VoIP phones, and IoT devices. The chipsets consist of specialized components that perform key functions in a PoE system. They typically include a power sourcing equipment (PSE) controller and a powered device (PD) interface. The chipsets provide the necessary power management features, including detection, classification, and power negotiation, to ensure safe and efficient power delivery to compatible devices. They also simplify installation by eliminating the need for separate power outlets near each device, reducing cabling and associated costs.

Global Power Over Ethernet (PoE) Chipsets Market Trends:

The growing adoption of networked devices, such as IP cameras, wireless access points, and IoT devices, is driving the global market. Along with this, the rising deployment of IP surveillance systems is catalyzing the market as PoE chipsets provide a power solution for IP cameras, enabling easy installation and integration with existing network infrastructure. Besides, the increasing adoption of wireless access points is further supporting the market as PoE chipsets offer a reliable and efficient power solution for these devices, supporting seamless connectivity. Furthermore, ongoing advancements in PoE technology, such as the introduction of higher power levels, have expanded the applications and capabilities of PoE chipsets, thus impacting the market favorably. Moreover, the increasing demand for smart building solutions is impelling the demand as PoE chipsets. Apart from this, the growing emphasis on sustainable development is creating a positive market outlook as PoE chipsets contribute to energy efficiency by reducing power wastage and enabling centralized power management. Looking forward, the market value is projected to reach US$ 1,805.1 Million by 2032, expanding at a CAGR of 10.2% during 2024-2032.

Market Summary:

• Based on the type, the market has been segmented into power sourcing equipment (PSE) and powered devices (PD) chipset.
• On the basis of the standard, the market has been divided into 802.3af standard, 802.3at standard, and 802.3bt standard.
• Based on the device type, the market has been bifurcated into network cameras, VoIP phone, ethernet switch and injector, wireless radio access point, proximity sensor, and others.
• On the basis of the application, the market has been categorized into connectivity, infotainment, LED lighting, security, and others.
• Based on the end-use sector, the market has been segmented into residential, commercial, and industrial
• Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
• The competitive landscape of the market has also been examined, with some of the key players being Analog Devices Inc., Cisco Systems Inc., Delta Controls Inc., Kinetic Technologies, Maxim Integrated, Microsemi Corporation (Microchip Technology Inc.), Monolithic Power Systems Inc., NXP Semiconductors N.V., On Semiconductor Corporation, Semtech Corporation, Silicon Laboratories Inc., STMicroelectronics N.V. and Texas Instruments Incorporated.

Report Coverage:

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