Power over Ethernet Solutions Market Size

Power over Ethernet Solutions Market size was over USD 2.42 billion in 2024 and is poised to exceed USD 8.45 billion by 2037, growing at over 10.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of power over ethernet solutions is evaluated at USD 2.62 billion.

The major factor to boost the growth of this market is the rise in the adoption of VoIP services. Globally, the number of people using VoIP services is 2 million. Hence, with this, the adoption of PoE solutions is also growing. A router or other similar equipment injects a very small electrical current into an Ethernet cable to enable PoE to function. A VoIP phone is turned on when these cables are connected to an Ethernet port that supports PoE.

Additionally, the use of PoE is also growing in the smart grid to deliver data and power over a single line to field devices that support the effective utilization of physical space and data communication technologies. Smart grids require a systematic upgrading of the network infrastructure to enable advanced technologies and services. Hence, the demand for PoE solutions is growing. Furthermore, many countries are investing in smart grid projects which are further poised to fuel the market expansion. Additionally, data and power delivery over a single Cat5 or Cat6 Ethernet cable is the main benefit of power over ethernet. Building owners may save significant amounts of time and money with remote installation since it is typically less expensive than optical fiber and doesn't need a licensed electrician.