POWER LINE COMMUNICATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In March 2023, Tata Power Company Limited, one of India's largest integrated power companies, partnered with an Italy-based, Enel S.p.A., to deploy advanced smart metering and automation technologies in India's distribution network. This collaboration aims to enhance communication channels by auto-switching between power line communication (PLC) and radio frequency (RF) channels based on real-time field conditions.
• In April 2023, Bharti Airtel, a prominent India-based telecom operator, partnered with Secure Meters to deploy Narrow Band-Internet of Things (NB-IoT) services for smart meter solutions. This collaboration aims to equip 1.3 million households with India's first NB-IoT-enabled smart meters, ensuring real-time connectivity and uninterrupted data transfer through fallback support on 2G and 4G networks.
• In November 2022, Microchip Technology Inc., a leading provider of microcontroller, mixed-signal, analog, and Flash-IP solutions, introduced the PIC32CXMT family of 32-bit microprocessors, integrated with the MPL460 Power Line Communication (PLC) modem. This advanced suite of microcontroller units (MCUs) offers a state-of-the-art smart metering platform tailored for industrial IoT, as well as commercial and industrial metering applications.
• In March 2022, SES, a leading satellite operator, announced the acquisition of DRS Global Enterprise Solutions (GES), a U.S.-based subsidiary of defense contractor DRS Leonardo. GES provides managed satellite communication services to the U.S. Department of Defense and other government agencies. This acquisition, expected to conclude towards the end of 2022, aims to expand market access for SES's O3b mPOWER system, enhancing its capabilities in the PLC sector.