The Global Market for Power Line Communication (PLC) Systems is Projected to Exceed US$14 Billion by 2024

The Ubiquity of Power Lines and Myriad Benefits of Power Line Communication (PLC) Technology Drive Strong Market Growth, 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$14 billion by 2024, driven by the robust demand from electric utilities amidst growing prominence of IoT in utilities, and rising investments in smart grid deployments.

Powerline Communications (PLC) technology represents the transmission of voice, video, and data over the low voltage electrical distribution network and premises electrical wires and cables. The PLC technology offers huge potential given the ubiquity of electric power cables connecting utilities, homes, and other buildings worldwide. The technology facilitates fast exchange of information between power generation stations, transmission and distribution stations and substations, particularly during critical situations. In addition, PLC enables data transmission to homes and buildings through power lines, virtually facilitating control and monitoring of all devices connected to power lines.  Other benefits of PLC systems that are driving its widespread adoption across the world include meeting all functional considerations such as bandwidth, reliability, security, and cost; and offering intelligent monitoring and control for electricity network operations by facilitating high-speed, long-range and extremely reliable communication and control, among others.

Strong growth is projected for the market in the coming years driven by robust demand for PLC systems 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. Other factors benefiting market prospects include the steady evolution of smart cities and smart connected homes that require seamless PCL-based remote management; proliferation of PLC technology in connected outdoor lighting; growing demand for Broadband over Power Lines (BPL) for bridging the digital divide between urban and rural areas; emerging application of PLC in delivering tele-healthcare, and  growing popularity of Internet of Things (IoT) technology which is accelerating development of low voltage applications of PLC systems in the home networking and automation sector as well as medium voltage applications in the utilities sector.

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 value CAGR of 22.6% 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.

Key players in the market include ABB Ltd., Aclara Technologies LLC, Amperion Inc., Atmel Corp., Billion Electric Co. Ltd., Cypress Semiconductor Corp., D-link System Inc., Eaton Corp., Echelon Corp., Elster Group SE, GE Grid Solutions, Landis+Gyr AG, Marvell Technology Group Ltd., Maxim Integrated Products Inc., Microchip Technology Inc., NXP Semiconductor NV, Power Plus Communications AG, Qualcomm Atheros Inc., Renesas Electronics Corporation, Siemens AG, Semitech Semiconductor Pte Ltd., STMicroelectronics N.V, ST&T Electric Corporation, 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.

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