Power Line Communication Market is expected to grow at a robust CAGR.
Global
Power Line Communication Market is expected to grow owing to government
initiatives to promote plc and smart grids utilizing plc throughout the
forecast period.
According
to TechSci Research report, “Power
Line Communication Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028”, the Global Power Line Communication
Market is expected to register robust growth during the
forecast period. The increased adoption of Power Line Communication (PLC) in
residential, commercial, and industrial sectors can be attributed to the
cost-efficiency of PLC infrastructure compared to traditional or competitive
technologies. As a result, the global PLC market is expected to experience
moderate growth in the near future, driven by its space efficiency and the
ability to facilitate additional power circulation. However, the dependency on
a single line for both power and data increases the centralized risk factor,
which could potentially hinder market growth. Proactive government initiatives
aimed at promoting PLC and smart grids utilizing PLC present promising
opportunities for the market.
PLC systems are
incorporating robust encryption and authentication mechanisms to ensure secure
data transmission. The implementation of advanced encryption protocols
guarantees the confidentiality and integrity of the data. Utilities and
organizations that deploy PLC systems are making significant investments in
cybersecurity measures to protect against cyberattacks and unauthorized access.
Regular vulnerability assessments and the deployment of intrusion detection
systems are standard practices in this regard. Additionally, compliance with
data privacy regulations, such as GDPR in Europe, is a crucial consideration in
PLC deployments. Utilities and service providers are establishing comprehensive
policies and procedures to ensure user data privacy and compliance with legal
requirements.
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over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Power Line Communication Market."
The
Global Power Line Communication Market is segmented by offering, frequency,
application, vertical, modulation technique and region. Based on offering, the
market is bifurcated into hardware, software and services. Based on frequency,
the market is bifurcated into narrowband and broadband. Based on application,
the market is bifurcated into energy management & smart grid and indoor
networking. Based on vertical, the market is bifurcated into industrial,
commercial and residential. Based on modulation technique, the market is
bifurcated into single carrier, multi carrier and spread spectrum. Based on
region, the market is further bifurcated into North America, Asia-Pacific,
Europe, South America, Middle East & Africa.
Based
on Frequency, Narrowband segment is projected to dominate the market throughout
the forecast period. products. Narrowband PLC facilitates automated meter
reading, enabling utilities to efficiently collect consumption data from
electricity, gas, and water meters. Similar to electricity meters, narrowband
PLC is employed in smart gas and water meters for automated data collection and
monitoring. Industries utilize narrowband PLC to remotely monitor equipment and
machinery, ensuring operational efficiency and minimizing downtime. It also
aids in connecting and monitoring wind turbines in wind farms. Narrowband PLC
is deployed in environmental monitoring systems to gather data on water
quality, pollution levels, and other environmental parameters. Additionally,
narrowband PLC can be utilized for remote irrigation control, ensuring optimal
water usage in agriculture. The narrowband segment of the PLC market is
distinguished by its ability to provide reliable, long-range communication for
critical applications. It is particularly well-suited for industries where
robust and secure data transmission over power lines is essential, such as
utilities, smart metering, and industrial automation. The adoption of
narrowband PLC technology continues to grow as industries seek more efficient
and cost-effective communication solutions.
Based
on application, Indoor Networking segment is projected to dominate the market
throughout the forecast period. products. Powerline Communication (PLC) is a
versatile technology that expands Wi-Fi coverage, ensuring consistent internet
connectivity throughout homes. PLC finds applications in various industries,
such as retail, where it facilitates point-of-sale (POS) systems, inventory
management, and security. Its implementation in hotels and resorts automates
guest rooms, encompassing lighting, climate control, and entertainment systems.
Moreover, PLC plays a crucial role in green buildings, managing lighting, HVAC,
and energy consumption to enhance efficiency and sustainability. In data
centers and server rooms, PLC monitors temperature, humidity, and power
consumption, ensuring equipment reliability. Additionally, PLC enables seamless
networking of home entertainment systems, including TVs, gaming consoles, and
audio equipment. The indoor networking segment of the PLC market continues to
grow as more industries and homeowners recognize the advantages of utilizing
existing electrical wiring for data communication. With its versatility,
scalability, and easy deployment, PLC serves as a practical choice for
establishing reliable indoor networks across diverse settings.
Key
market players in the Global Power Line Communication Market are:
- Cypress
Semiconductor Corporation
- STMicroelectronics
- Qualcomm
Atheros Inc.
- Broadcom
limited
- NYX
Hemera Technologies
- Echelon
Corporation
- Texas
instruments Inc.
- Microchip
Technology Inc.
- Schneider
Electric SE
- Maxim
Integrated, Inc.
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“North
America is expected to be the dominating region during the forecast period. The
advancement of smart cities in North America hinges upon a resilient
communication infrastructure. Power Line Communication (PLC) finds application
in areas like smart street lighting, traffic management, and environmental
monitoring. Moreover, PLC technology is progressively integrated into home
automation systems across North America, facilitating communication between
smart devices—thermostats, appliances, and security systems—via existing
electrical wiring.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Power
Line Communication Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2028 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, Multi Carrier and Spread
Spectrum), By Region, Competition, 2018-2028,” has evaluated the future growth
potential of Global 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 Global Power Line Communication Market.
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