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, 2020 | Semiconductor & Electronics | PPT format

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
  • 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

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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