POWER LINE COMMUNICATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global power line communication market is estimated to be valued at USD 13.34 Bn in 2024 and is expected to reach USD 18.87 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.07% from 2024 to 2031. Power line communication (PLC) utilizes electricity transmission and distribution lines for sending signals. This technology enables the transmission of data on low and medium voltage power line networks. It helps establish a communication network without requiring additional cable infrastructure. The growing need for smart metering solutions and automation in buildings and critical infrastructures has been a major driver for adopting PLC technology. With continuous advancements in communication protocols and semiconductor technologies, power line communication is emerging as a viable option for last mile connectivity in several applications.
Market Dynamics
The key factors driving the growth of global power line communication market include rapid adoption of smart grid technologies, growing need for wireless networking solutions in industrial sectors, and increasing deployment of smart metering solutions. Rising investments by utilities in advanced metering infrastructure (AMI) projects is augmenting the demand. Furthermore, integration of PLC with home and building automation systems is expected to create new opportunities. However, presence of noise and interference on power lines pose challenges for high-speed data transmission. Higher installation and compatibility issues compared to traditional cabling systems can also restrain the market growth. Development of narrowband PLC standards for various IoT-based applications is likely to offer new prospects in the coming years.
Key Features of the Study
- This report provides in-depth analysis of the global power line communication market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global power line communication market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Siemens AG, General Electric Company, Schneider Electric SE, Panasonic Corporation, Toshiba Corporation, Qualcomm Technologies, Inc., Broadcom Inc., NXP Semiconductors, AMETEK, Inc., Sensus (Xylem Inc.), NetComm Wireless Limited, ZTE Corporation, Cisco Systems, Inc., Echelon Corporation, and Enphase Energy, Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global power line communication market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Power Line Communication Market' - Global forecast to 2031
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize Now
Credibility and Certifications
860519526
9001:2015
27001:2022
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients
