The Global Market for Power Line Communication (PLC) Systems is Projected to Exceed US$7.0 Billion by 2020

Surging Demand from Electric Utilities Drives the Global Power Line Communication Systems Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Power Line Communication (PLC) Systems market. The global market for Power Line Communication (PLC) Systems is projected to exceed US$7.0 billion by 2020, driven by the surging demand from electric utilities and rising investments in smart grid technology worldwide.

Huge quantum of data is transmitted across the world each day, driving the need for various types of reliable and cost-efficient transmission media such as fiber optic cables, satellite transmission, wireless transmission, and Ethernet cables. Power Line Communication (PLC), also known as Power Line Carrier Communication, is one such technology that enables data transmission over high-voltage, low-voltage and medium-voltage electric cables without disrupting the primary function of the electric lines, namely power-transmission. PLC systems facilitate data transmission and two-way communication of information ranging from voice and live images to metering indications, control impulses and other inter-station signals. Superior attributes of PLC systems that are driving its widespread adoption include the ability of PLC systems to leverage existing, ubiquitous power lines to ensure wider coverage, to facilitate cost-efficient and quick establishment of communication networks, and to cost-effectively enable substations in remotely monitoring electricity usage and outages.

Strong growth is projected for the PLC systems market in the near term supported by robust demand from various end-use applications including advanced metering infrastructure (AMI), remote telemetry systems, broadband Internet access equipment, vehicle automation, M2M communications, home automation, electric vehicle charging, as well as in micro-inverter for alternative sources of energy, lighting and temperature. Rising investments in the smart grid technology represents another important growth driver where PLC systems provide operational and economic benefits in terms of distribution automation, demand response, street lighting control, and integration of distributed generation. Future growth in the market will be driven by surging demand from electric utilities worldwide. PLCs help reduce capital investments as well as operational costs by enabling data transmission on the existing power line infrastructure. PLCs offer intelligent monitoring and control of utility network operations by facilitating high-speed, long-range and extremely reliable communication and are especially beneficial in remote and difficult environments.

As stated by the new market research report on Power Line Communications (PLC) Systems, Europe represents the largest market with the highest penetration worldwide, followed by the United States. Steadily growing smart grid deployments and automation of energy infrastructure represent major growth drivers in the developed markets. Asia-Pacific ranks as the fastest growing market with a CAGR of 21% over the analysis period, driven by large scale deployment of PLC-based smart electricity meters and the rising popularity of power line carrier technology based home networking products among consumers and property developers in the region.

Key players covered in the report include ABB Ltd., Aclara Technologies LLC, Alcatel-Lucent S.A, Amperion, Inc., Ariane Controls, Inc., Atmel Corp., Billion Electric Co. Ltd., Broadcom Corp., Cypress Semiconductor Corp., D-link System, Inc., Echelon Corp., Elster Group GmbH, Landis+Gyr AG, Marvell Technology Group Ltd., Maxim Integrated Products, Inc., Microchip Technology, Inc., NXP Semiconductor NV, Power Plus Communications AG, PLC International, Qualcomm Atheros, Inc., Semitech Semiconductor Pte Ltd., Sigma Designs, Inc., STMicroelectronics N.V, ST&T Corp., Texas Instruments Inc., TP-LINK Technologies Co., Ltd., and Yitran Communications Ltd., among others.

The research report titled “Power Line Communications (PLC) Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in value (US$) and volume (units) for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, and Rest of Latin America). Key segments analyzed in the report include Narrowband PLC, and Broadband PLC.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of surfing equipment makers, marketers and associations to make surfing much more accessible. Increased accessibility and affordability has drawn si
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti
Read more