The global demand for Power Line Communication Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Power line communication (PLC) is used for communication technology by way of transmission of data over the existing power-grid infrastructure. It is mostly used to power electronic equipment and access and manage data. For a variety of smart grid applications and IoT (Internet of Things), it serves as a reliable communication and data transfer medium. The range of the narrowband PLC is greater, but it operates at lower frequencies and data rates.
Market Dynamics
The anticipated growth of the PLC market is due to the increasing construction of smart grids around the world. For indoor and outdoor lighting on streets, highways, tunnels, parking lots, parks, and other commercial and industrial complexes, PLC systems are frequently employed. The market is growing as these solutions are used more regularly to connect with equipment in remote places. The usage of PLC technology to serve a larger geographic region has significantly increased with the expansion of the electrical distribution network. Other factors anticipated to contribute to the growth of the power sector include substantial research and development (R&D) in the power sector, rising government investments in the implementation of smart grids, and hyper-urbanization around the world.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of power line communication. The growth and trends of power line communication industry provide a holistic approach to this study.
Market Segmentation
This section of the power line communication market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Offering
- Hardware
- Software
- Services
By Frequency
- Narrowband (3 Khz To 500 Khz)
- Broadband (Greater Than 500 Khz)
By Application
- Energy Management And Smart Grid
- Indoor Networking
By Vertical
- Residential
- Commercial
- Industrial
By Solution
- PLC Over AC Lines
- PLC Over DC Lines
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Power Line Communication market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Power Line Communication Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the power line communication market include Siemens (Germany), NETGEAR (US), ABB (Switzerland), AMETEK (US), Schneider Electric (France), General Electric (US), Hubbell Power Systems (US), TP-Link Technologies (China), D-Link (Taiwan), Landis+Gyr (Switzerland), Belkin International (US), Devolo (Germany), and Zyxel Communications (Taiwan). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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