Power Line Communication Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
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
Some of the most prominent competitors operating in the competitive landscape of global power line communication market include –
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:
Based on frequency, the power line communication market can be segmented into:
Based on application, the power line communication market can be segmented into:
Based on end-use, the power line communication market can be segmented into:
The study on power line communication market presents reliable qualitative and quantitative insights into:
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
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:
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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