3/21/2025, 2:00:00 PM | www.globenewswire.com | news

Power Over Ethernet (PoE) Chipset Market to Reach USD 1769.97 Million by 2032, at a CAGR of 11.35% | SNS Insider

The Power over Ethernet (PoE) Chipset Market is expanding with demand for efficient power and data transmission in IoT, smart lighting, and networking. According to the SNS Insider Report, the market was valued at USD 674.60 million in 2023 and is expected to reach USD 1769.97 million by 2032, growing at a CAGR of 11.35% over the forecast period 2024-2032. The market is rapidly expanding due to its ability to transmit both power and data over a single cable, making it a preferred solution for industrial automation, smart buildings, and enterprise networking. This growing adoption is accelerating the deployment of IoT devices, security cameras, VoIP phones, and LED lighting to enhance operational efficiency. Advancements in network infrastructure focus on delivering faster, more reliable, and lower-latency data transfer while improving heat dissipation, reducing power loss, and enhancing fault tolerance. Energy efficiency remains a key driver, with PoE chipsets supporting optimized power distribution, minimal idle consumption, and compliance with stringent IEEE eco-sustainability standards. The rising demand for integrated power and data solutions across industries, coupled with the proliferation of smart IoT devices, is fueling market growth. Increased adoption of PoE-enabled smart lighting, particularly LED systems, is driving efficiency and cost-effectiveness. Additionally, the expansion of 5G networks and IoT ecosystems is boosting the need for PoE-supported infrastructure, ensuring seamless connectivity and power transmission.