POWER LINE COMMUNICATION MARKET Size and trends

Power Line Communication Market, By Component (Hardware, Software, and Services), By Frequency (Narrowband PLC and Broadband PLC), By Application (Smart Grid, Home Automation, Telecommunications, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025
Code : CMI7549
Pages :160
Formats :
Excel and PDF
Industry : Semiconductors

Power Line Communication Market Size and Trends

The global power line communication market is estimated to be valued at USD 14.05 Bn in 2025 and is expected to reach USD 20.18 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2025 to 2032.

Power Line Communication Market Key Factors

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The market is witnessing significant growth over the years primarily driven by the increasing adoption of smart grid technologies. Some key trends driving market growth include growing focus on upgrading aging power infrastructure, increasing smart city initiatives worldwide driving the demand for smart grid technologies, and need to improve efficiency of power distribution network. Additionally, government initiatives such as Federal Communications Commission (FCC) to modernize existing power networks are further expected to support the market growth during the forecast period.