Power-over-Ethernet was created for delivering power and data through a single ethernet cable. PoE devices are able to send power without an AC power outlet nearby and are now being utilized in smart lighting and security surveillance; both rapidly growing markets.
The function of PoE lighting solutions have caused a major impact on savings due to optimal performance and better energy management. Tycon Systems is ready to support this industry with many compatible Power over Ethernet (PoE) products. Estimated sales in the US for PoE lighting was $192 million in 2020. Based on current analysis, the market estimate is set to go up to $739 million by 2026.