Power Line Communication Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Power Line Communication Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
Snapshot: Power Line Communication Market
The power line communication market employs technology used for transforming high-speed data, video, and voice signals via low voltage power cables. The PLC market development is ascribed to developing interest for practical energy foundation establishments internationally.
Power line communication is a significantly affordable arrangement that offers the necessary transmission capacity to help or supplant elective communication innovations, for example, remote and fiber-optic. The power line can solely be utilized as a means of communication between the High Voltage (HV) substations of an electric utility and the main control. The rising interest for home mechanization answers for control different in-house boundaries is supporting the market extension.
Power line communication has been principally embraced as the most conservative and dependable technique for communication in a medium and covers significant distances in a power framework. The expanding utilization of such innovations, particularly for savvy lattice communications, has prompted the advancement of the power line communication market.
In contrast to different strategies, the power line as a communication medium is a savvy way as it utilizes a current framework, and wires remain alive to each family connected with the power line organization. With the essential significance of Internet access, the likely execution of power line communication is being taken on in countries. Besides, the expanding interest for savvy networks combined with broad utilization of power line communications is one of the main considerations boosting the development of the power line communication market.
Various associations operating in the global power line communication market are emphasizing improvement in cable frameworks, and licenses and events to maintain their position in the competition. New strategies currently in practice for this market include mergers and acquisitions, and associations, and product quality control and improvement. These activities have prepared for the advancement of business and the customer base of market players. Manufacturers of the power line communication market are likely to derive beneficial advancement openings in the future with the rising revenue for the power line communication market.
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
- NETGEAR
- 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
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5-Point Growth Formula
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The 5-point growth formula includes the following points:
- Current and Future Threats
- Accurate Trend Analysis
- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
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Regional Assessment
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Industrial Analogy
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COVID-19 Impact
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- How has COVID-19 affected the market?
- What will be the post-pandemic scenario of the market?
- What are the major threats that will dent the growth prospects of the market?
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