Albany, NY -- (SBWIRE) -- 11/27/2017 -- The global Power Over Ethernet (PoE) Injector Market is envisioned to garner a colossal growth from connectivity applications with the soaring usage of the PoE technology and solutions. The PoE technology could be used to power PoE compatible devices such as wireless access points and voice over internet protocol (VoIP) phones. Thus, with the growing usage of such devices, the demand for PoE injector is foretold to increase correspondingly. Wireless access points could find growth due to the mushrooming popularity of internet of things (IoT). The deployment of VoIP phones could witness a heightened increase in view of their benefits such as ease of installation and maintenance and low communication cost.
The global PoE injector market is forecasted to attain a revenue valuation of US$762.2 mn by 2022 at a 12.5% CAGR between 2017 and 2022. In 2017, the market was valued at a US$423.4 mn.
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Global PoE Injector Market: Major Insights
A noteworthy trend predicted to take shape in the world PoE injector market could be the healthcare sector attracting a high attention since the last few years. Surging investments in research and development and snowballing usage of technologies and innovations in healthcare are foreseen to be a critical trigger of the demand in the market. The growth of PoE injector in the healthcare sector could also be attributed to the rise of diseases and elevating health concerns.
Players operating in the world PoE injector market are prophesied to find favorable prospects because of the success of multi-port midspan, which could rise at a 14.4% CAGR. It could be a larger market by type and grab a handsome share of 67.4% by the end of 2022. By end use, there could be opportunities prevailing on the back of corporate offices, healthcare facilities, retail, telecommunication, other industrial sectors, and residential markets. In view of application, players could find new avenues opened up in key markets such as connectivity, security and access control, lighting control, and infotainment.
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Regionally, the market is anticipated to offer a wide room for growth while riding on the expected dominance of Asia Pacific except Japan (APEJ) in terms of revenue. Prognosticated to be an attractive market for PoE injector, APEJ could expand at a 15.1% CAGR. Another major revenue getter of the market could be North America with a US$156.5 mn envisaged to be earned by 2022. However, other geographies such as Europe and Japan could also be worth to keep an eye on.
Global PoE Injector Market: Vendor Landscape
The international PoE injector market could be marked by the inclusion of several local, regional, and global vendors. A variety of end users are expected to be served with various application products offered by more than a few local and regional vendors. In the future, the competition could aggravate owing to increasing mergers and acquisitions and technological innovation. New entrants in the market could find it a challenging ground to compete against global vendors in respect of innovation, reliability, and quality. Some of the leading companies in the market could be Microsemi Corp., L-Com, Inc., Sixnet Holding LLC, ICP DAS Co., Ltd., and N-TORN Corp.