Power Over Ethernet Market - Forecast(2021 - 2026)
Power over Ethernet Market Overview Power over Ethernet (PoE) Market was valued at $685.1 million in 2020 and expected to grow at a CAGR of 12.6% during forecast period 2021-2026. PoE is a technology which describes several standard ad-hoc systems that are used for power and data transmission over an existing data connection with a single Ethernet cabling. Low cost, low maintenance, easy installation and less downtime are some of the factors make it more advanced than traditional network power cables. The rising energy cost and adoption of PoE midspans in commercial and industrial sectors for injecting power without affecting the data are expected to surge the overall Power over Ethernet market demand during the forecast period. POE injector or midspans enables to carry both data and electricity, thus the Internet-based devices as VoIP phones can work by connecting to just one cable instead for two. The growth of this market is being propelled by the growing demand for PoE-based