The global power line communication (PLC) market size reached US$ 9.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 16.8 Billion by 2028, exhibiting a growth rate (CAGR) of 10.4% during 2023-2028.
Power line communication (PLC) refers to a communication technology that is used for the transmission of data over the existing power-grid infrastructure. It acts as a reliable communication and data transmission medium for various Internet of Things (IoT) and smart grid applications. It is primarily used for powering electronic devices and to retrieve/control data through them. There are two kinds of PLC, namely narrowband and broadband. The narrowband PLC works at lower frequencies and lower data rates but has a more extended range. On the other hand, broadband PLC works at higher frequencies and higher data rates but is used in shorter-range applications.
A significant increase in the establishment of smart grids across the globe is one of the key factors driving the growth of the market. Smart grids involve the integration of renewable energy resources with the electricity supply chain through PLCs. Increasing utilization of these solutions for communicating with devices at remote locations is also providing a boost to the market growth. With the extension of the electricity distribution network, there has been a substantial increase in the adoption of PLC technology to cater to a broader geographical area. In line with this, the growing utilization of these solutions for lighting control applications in both rural and urban areas is acting as another growth-inducing factor. PLC solutions are widely used for both indoor and outdoor lightings, such as on streets, roadways, tunnels, parking, parks and other commercial and industrial complexes. Other factors, including the increasing investments in renewable energy facilities, along with rising government investments in the deployment of smart grids, extensive research and development (R&D) in the power sector and hyper-urbanization across the globe, are projected to drive the market further.
2. What is the expected growth rate of the global Power Line Communication (PLC) market during 2023-2028?
3. What has been the impact of COVID-19 on the global Power Line Communication (PLC) market?
4. What are the key factors driving the global Power Line Communication (PLC) market?
5. What is the breakup of the global Power Line Communication (PLC) market based on the frequency?
6. What is the breakup of the global Power Line Communication (PLC) market based on the application?
7. What is the breakup of the global Power Line Communication (PLC) market based on the vertical?
8. What are the key regions in the global Power Line Communication (PLC) market?
9. Who are the key players/companies in the global Power Line Communication (PLC) market?
Power line communication (PLC) refers to a communication technology that is used for the transmission of data over the existing power-grid infrastructure. It acts as a reliable communication and data transmission medium for various Internet of Things (IoT) and smart grid applications. It is primarily used for powering electronic devices and to retrieve/control data through them. There are two kinds of PLC, namely narrowband and broadband. The narrowband PLC works at lower frequencies and lower data rates but has a more extended range. On the other hand, broadband PLC works at higher frequencies and higher data rates but is used in shorter-range applications.
A significant increase in the establishment of smart grids across the globe is one of the key factors driving the growth of the market. Smart grids involve the integration of renewable energy resources with the electricity supply chain through PLCs. Increasing utilization of these solutions for communicating with devices at remote locations is also providing a boost to the market growth. With the extension of the electricity distribution network, there has been a substantial increase in the adoption of PLC technology to cater to a broader geographical area. In line with this, the growing utilization of these solutions for lighting control applications in both rural and urban areas is acting as another growth-inducing factor. PLC solutions are widely used for both indoor and outdoor lightings, such as on streets, roadways, tunnels, parking, parks and other commercial and industrial complexes. Other factors, including the increasing investments in renewable energy facilities, along with rising government investments in the deployment of smart grids, extensive research and development (R&D) in the power sector and hyper-urbanization across the globe, are projected to drive the market further.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global power line communication market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on frequency, voltage, offering, modulation technique, application and vertical.Breakup by Frequency:
- Narrowband (3 kHz to 500 kHz)
- Broadband (Greater Than 500 kHz)
Breakup by Voltage:
- Low
- Medium
- High
Breakup by Offering:
- Hardware
- Software
- Services
Breakup by Modulation Technique:
- Single Carrier Modulation
- Multi Carrier Modulation
- Spread Spectrum Modulation
- Others
Breakup by Application:
- Energy Management and Smart Grid
- Indoor Networking
Breakup by Vertical:
- Residential
- Commercial
- Industrial
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being ABB, AMETEK Inc., Belkin, Broadcom Inc., Cypress Semiconductor, D-Link Corporation, General Electric, Hubbell Power Systems Inc., Landis+Gyr, Maxim Integrated, Netgear, Schneider Electric, Siemens, TP-Link Technologies, Zyxel Communications, etc.Key Questions Answered in This Report
1. What was the size of the global Power Line Communication (PLC) market in 2022?2. What is the expected growth rate of the global Power Line Communication (PLC) market during 2023-2028?
3. What has been the impact of COVID-19 on the global Power Line Communication (PLC) market?
4. What are the key factors driving the global Power Line Communication (PLC) market?
5. What is the breakup of the global Power Line Communication (PLC) market based on the frequency?
6. What is the breakup of the global Power Line Communication (PLC) market based on the application?
7. What is the breakup of the global Power Line Communication (PLC) market based on the vertical?
8. What are the key regions in the global Power Line Communication (PLC) market?
9. Who are the key players/companies in the global Power Line Communication (PLC) market?
Table of Contents
1 Preface3 Executive Summary14 Value Chain Analysis16 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Power Line Communication Market
6 Market Breakup by Frequency
7 Market Breakup by Voltage
8 Market Breakup by Offering
9 Market Breakup by Modulation Technique
10 Market Breakup by Application
11 Market Breakup by Vertical
12 Market Breakup by Region
13 SWOT Analysis
15 Porters Five Forces Analysis
17 Competitive Landscape
Companies Mentioned
- ABB
- AMETEK Inc.
- Belkin
- Broadcom Inc.
- Cypress Semiconductor
- D-Link Corporation
- General Electric
- Hubbell Power Systems Inc.
- Landis+Gyr
- Maxim Integrated
- Netgear
- Schneider Electric
- Siemens
- TP-Link Technologies
- Zyxel Communications
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 9.2 Billion |
| Forecasted Market Value ( USD | $ 16.8 Billion |
| Compound Annual Growth Rate | 10.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
