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...