Power Line Communication Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Power Line Communication Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2021 | Semiconductor & Electronics

Report Digest

Power line communication (PLC) is one of the popular communication technologies that enables data transmission through a conductor already used for AC electric power transmission or distribution to the consumers. PLC technology is widely used for various applications including home automation, transmitting radio programs, automatic meter reading, transmission line protection, and others. It also enables in-vehicle network communication of various signals such as music, voice, and video by digital means over a DC battery power line. Moreover, power line communication has been mainly adopted as the most economical and reliable method for communication in a medium and over long distance in a power system. Increasing use of such technologies, especially for smart grid communications, has led to the development of power line communication market.

Power Line Communication Market – Notable Developments

  • In April 2019, Siemens, a leading player in the power line communication market, announced the development of a comprehensive concept for sustainable energy systems around the world, the first such concept that takes into account and brings together technology as well as the areas of regulation and social engagement. According to the company, it developed the concept to build a global framework for energy solutions for its businesses.
  • In March 2019, Cypress Semiconductor Corp. and SK hynix system ic, Inc., won the regulatory antitrust approval for their joint venture called SkyHigh Memory Limited. It aims to offer customers with a steady supply of quality NAND products for different markets including consumer, networking, automotive, and industrial.
  • In March 2019, Semtech Corporation, announced the launch and availability of a new cloud-based geolocation service called LoRa Cloud™ Geolocation, which is compatible with the LoRaWAN™ protocol and other network servers. The new service can be easily integrated for a cost-effective, performance-optimized solution.
  • In March 2019, Marvell, announced its strategic collaboration with Oracle to deliver secure key storage and enable the customers of Oracle Cloud Infrastructure to improve industry-leading security standards to monitor and control their cryptographic keys in the cloud.
  • In January 2019, Xemex N.V., a part of JBH Group and a key player in power line communication market, pre-launched ‘SUNGATE’, a products that allows users to monitor their energy data or PV-installation data directly from the inverter at the most affordable price.

Some of the most prominent competitors operating in the competitive landscape of global power line communication market include –

  • Maxim Integrated, Inc.
  • Atmel Corporation
  • Enverv, Inc.
  • Sigma Designs, Inc.
  • PLC International
  • Echelon Corporation
  • Rational Network
  • Enverv, Inc.
  • Setel Limited
  • ABB
  • Schneider Electric
  • Hubbell Power Systems
  • TP-Link Technologies
  • Zyxel Communications

Power Line Communication Market Dynamics

Market Gains Underpinned by Growing PLC Application in Home Automation and Smart Grid

In home automation, electric power wirings in the house are used as communication medium for alarm systems, remote controlling of lighting, sensors, appliances, and others. Increasing adoption of smart homes, especially in developed cities, has led to a surge in the demand for power line communication which generally enables exchange of data over existing power cables. Growth of the power line communication market can also be attributed to rising application of PLC technology in smart grid communication which allows bi-directional data communication and includes a range of operations and energy solutions such as smart appliances, smart meters, and others. Moreover, such technology integrates with broadband, direct current (DC), and alternating current (AC), and gains further application in radio transmission, internet access, home networking, and others. This, in turn, is likely to contribute to the revenue generation of power line communication market.

Power Line Communication Demand Surges as it Reduces Need for Additional Communication Paths

As the power line communication utilizes existing cables, it eliminates the requirement of additional line of communication, which helps lower the installation costs as compared to other systems. Surge in the use of power line technology for in-house as well as last mile applications in wide range of industries will continue to complement the future expansion of the market. However, electric noise generation in various wiring network tend to affect the performance of power line communication technology which may create a hindrance in the market growth. In addition, government restrictions on frequency bands along with several standards for the use of power line communication may limit its large scale adoption.

Power Line Communication Market Segmentation

Based on component, the power line communication market can be segmented into:

  • Hardware
  • Software
  • Services

Based on frequency, the power line communication market can be segmented into:

  • Narrowband
  • Broadband

Based on application, the power line communication market can be segmented into:

  • Energy Management
  • Smart Grid
  • Indoor Networking

Based on end-use, the power line communication market can be segmented into:

  • Industrial
  • Residential
  • Commercial

The study on power line communication market presents reliable qualitative and quantitative insights into:

  • Power line communication market segments and sub-segments
  • Power line communication market trends and dynamics
  • Supply and demand chain of the Power line communication market
  • Power line communication market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?