Power Line Communication Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Power Line Communication (PLC) Market is segmented By Type (Hardware, Software, Services), By Solution (PLC Over AC Lines and PLC Over DC Lines), By End-User (Industrial, Residential, Commercial, Others), By Frequency (Narrowband, Broadband), By Application (Energy Management and Smart grid, Indoor Networking), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

Global Power Line Communication Market is estimates the market to grow at a CAGR of 14% during the forecast period 2024-2031.

Market Summary

For more insights - Request Free Sample

Growth factors of the global power line communication market

The global Power Line Communication market’s main growth factors include the following

• Increasing advanced technology in device communication,
• Low cost of deployment with ease of use and more benefits,
• Growing energy management investments and
• Increasing demand for smart grid and smart metering systems.

Market Segmentation Analysis

• The market is segmented by Frequency into Narrowband and Broadband. The narrowband segment is leading the power line communication market due to rising demand for narrowband technology products from energy management and increased use of smart grid applications.
• By Type, the market consists of three segments namely Hardware, Software, and Services. By Application, the market consists of the following sections: Energy Management & smart Grid, and Indoor Networking. The “energy management and smart grid” application is the leading segment in power line communication due to the growing demand for intelligent metering & smart grids in different substation communication applications.
• By Solutions, the market consists of two segments in the form of PLC over AC lines and PLC over DC lines. The PLC over AC lines division is leading the market and is expected to grow further grow during the forecast period due to rising use in vehicles and other applications. However, the PLC over DC lines is also overgrowing due to the increasing demand for home networking, lighting, and solar applications.
• Further, based on End-User, the market is segmented into Industrial, Residential, Commercial, and Others. The commercial segment accounted for the largest share and is overgrowing during the forecast period due to increasing demand for power line communication technology-based products for light control applications in buildings.
• Geographically, this report divides the market into North America, Asia-Pacific, Europe, South America, and RoW. Europe is dominating the global power line communication market due to the advanced metering application and increasing government initiatives for the deployment of smart meters. In Europe, Italy has the most enormous scale of intelligent meters in power line communication.

Market Companies

Some leading players in Power Line communication are ABB, Siemens, Cypress Conductor, Texas Instruments, and Schneider Electric.

Recent developments in the market

• Feb 2018- AMETEK Power Instruments, a leading player in power line communications for electric utilities has introduced the Smart-Gap product which revolutionizes the method to clear surges on power line carrier systems.
• In Oct 2017- MaxLinear, a leading provider of radio frequency (RF), and Corinex, a unique supplier of broadband solutions (BPL) cooperate to open smart metering and other smart grid solutions.
• In Jun 2017- Richmond Capital acquired SmartLabs to make powerline communication great for home automation.

The Scope of the Report

• The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles
• The report profiles the following companies, which include ABB, Siemens, Cypress Conductor, Texas Instruments, Schneider Electric, Hubbell Power Systems, ST Microelectronics, Ametek, Sigma Designs, and General Electric.