By 2022 and 2032, the market for power line communication systems is projected to be worth US$ 11.5 billion and US$ 17.3 billion, respectively. It is anticipated to experience remarkable growth between 2022 and 2032, with a CAGR of 8.4%. In the coming years, the demand for power line communication systems is likely to increase due to the increasing adoption of broadband devices and the rapid deployment of smart grids.
Power line communication systems, which provide the necessary bandwidth to replace or support alternative communication technologies like fiber-optic and wireless, are regarded as a significant, cost-effective solution. The power line can be effectively used as the only line of communication between an electric utility’s High Voltage (HV) substations and control centre.
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Power Line Communication (PLC) systems are a type of communication system that use the existing electrical power lines to transmit data. PLC systems have several advantages, such as low installation costs, easy maintenance, and widespread availability. As a result, they are increasingly being used in various applications such as smart grid, home automation, industrial automation, and in-vehicle communication.
Market Competition
Some of the leading companies operating in the global power line communication systems market include
- Hubbell Power Systems Inc.,
- Siemens AG,
- Belkin International, Inc.,
- Netgear Inc.,
- Zyxel Communications Corp.,
- AMETEK, Inc.,
- General Electric,
- ABB, D-Link Corporation,
- Schneider Electric SE,
- devolo AG,
- TP-Link Technologies, and
- Landis+Gyr among others.
Majority of the leading companies in the global market are increasingly focusing on the development of state-of-the-art power line communication systems to gain a competitive edge. Some of the other key players are striving to broaden their product portfolios and geographic presence by setting up new manufacturing facilities in untapped areas.
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One of the major drivers of the market is the increasing demand for smart grid systems. Smart grid systems use PLC technology to transmit data between various components of the grid, such as smart meters, power generators, and distribution transformers. The demand for smart grid systems is increasing due to the growing need for efficient power distribution and the integration of renewable energy sources.
Another factor driving the market is the increasing adoption of home automation systems. Home automation systems use PLC technology to control various devices such as lights, thermostats, and security systems. The growing popularity of smart homes is expected to increase the demand for PLC systems in the residential sector.
Regionally, the Asia Pacific region is expected to dominate the market during the forecast period, due to the growing adoption of PLC systems in countries such as China, Japan, and India. The region is also witnessing significant investments in smart grid infrastructure, which is expected to drive the demand for PLC systems.
Key Segments Profiled in the Power Line Communication Systems Industry Survey
By Component:
- Hardware
- Software
- Services
By Frequency:
- Narrowband (3kHz to 500 kHz)
- Broadband (Greater than 500 kHz)
By Application:
- Energy Management and Smart Grids
- Indoor Networking
By End Use:
- Residential
- Commercial
- Industrial
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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