India Power Line Communication Market is expected to grow at a robust CAGR

India Power Line Communication Market is expected to grow owing to increasing demand for broadband power line communication devices throughout the forecast period.

 

According to TechSci Research report, “India Power Line Communication Market – By Region, Competition, Forecast and Opportunities, 2019-2029”, the India Power Line Communication Market is expected to register robust growth during the forecast period. The increasing popularity of advanced metering infrastructure (AMI) networks has led to a significant shift among grid operators worldwide, who are now prioritizing the installation of smart meters. In response to the growing demand for home automation solutions to control internal parameters, power line communication (PLC) devices are anticipated to be widely adopted for connecting smart meters. One of the most significant opportunities in the Indian PLC market lies in the modernization of the power grid. India's power distribution infrastructure is currently undergoing a transformation, with a growing focus on smart grids and Advanced Metering Infrastructure (AMI). PLC technology has the potential to play a pivotal role in facilitating real-time data communication via existing power lines, enabling utilities to remotely monitor and control grid assets. This ongoing modernization effort presents substantial prospects for PLC providers to offer solutions that optimize grid efficiency, mitigate losses, and facilitate the integration of renewable energy sources.

 

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Based on frequency, the Narrowband segment is expected to dominate the market during the forecast period. In residential settings, narrowband PLC is utilized for home automation applications. It enables homeowners to control lighting, HVAC systems, and security devices through existing power lines. These applications typically require low data rates but demand high reliability. Narrowband PLC also finds applications in industrial automation for machinery and equipment monitoring and control in factories and manufacturing plants. It plays a crucial role in process control and data acquisition, where reliability is of utmost importance. The emphasis on energy efficiency and conservation in India presents opportunities for narrowband PLC in applications like streetlight control and home automation. Utilities and homeowners are increasingly seeking cost-effective solutions to reduce energy consumption, and narrowband PLC can effectively facilitate this. Furthermore, narrowband PLC can contribute to rural electrification efforts by enabling utilities to remotely monitor and manage power distribution in remote and underserved areas, thereby enhancing reliability and efficiency in electrification endeavors.

Based on vertical, the Industrial segment is projected to dominate the market throughout the forecast period.

Energy-intensive industries such as steel, cement, and petrochemicals rely on PLC technology to monitor and manage energy consumption. PLC systems facilitate the identification of energy-saving opportunities and load optimization. In the context of the Industry 4.0 movement, PLC plays a crucial role in enabling smart factories where machines, equipment, and systems autonomously communicate and collaborate. This enhances efficiency and reduces operational costs. The focus on energy efficiency and sustainability is growing among industries in India. PLC systems can assist industries in monitoring and optimizing energy consumption, thereby contributing to cost savings and environmental goals. As India continues to invest in infrastructure development, including power generation and distribution, PLC systems become indispensable for ensuring efficient and reliable operations. Infrastructure projects present significant opportunities for providers of PLC systems. In conclusion, the industrial segment of the PLC market in India offers substantial prospects driven by the adoption of Industry 4.0, manufacturing growth, energy efficiency initiatives, and infrastructure development.

Key market players in the India Power Line Communication Market are:-

• Bajaj Electricals Ltd.
• TP-Link India Pvt. Ltd.
• Zyxel Communications
• Mitsumi Distribution Pvt. Ltd.
• Siemens Ltd.
• Schneider Electric India Pvt. Ltd.
• Microchip Technology Inc.
• Cypress Semiconductor Corporation
• STMicroelectronics
• Texas Instruments India Pvt. Ltd.

 

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“The India Power Line Communication Market in West India is poised to be the dominant force in the industry. The infrastructure of the region, including power distribution networks, is constantly evolving. Upgrading the existing infrastructure and incorporating digital communication through PLC can result in decreased losses, enhanced reliability, and improved energy management. Infrastructure development projects present a promising opportunity for growth in the PLC market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Power Line Communication Market Segmented By Offering (Hardware, Software and Services), By Frequency (Narrowband and Broadband), By Application (Energy Management & Smart Grid and Indoor Networking), By Vertical (Industrial, Commercial and Residential), By Modulation Technique (Single Carrier Modulation, Multi Carrier Modulation and Spread Spectrum Modulation), By Region, and By Competition, 2019-2029F” has evaluated the future growth potential of India Power Line Communication Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Power Line Communication Market.

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