The power line communication market was valued at USD 4.97 Billion in
2016 and is estimated to reach USD 9.45 Billion by 2023, at a CAGR of
9.53% during the forecast period. The base year considered for this
study is 2016, and the forecast period considered is between 2017 and
2023.
The objectives of the study are as follows:
The power line communication ecosystem comprises power line communication technology-based products and its component vendors. Siemens (Germany), NETGEAR (US), ABB (Switzerland), General Electric (US), Hubbell Power Systems (US), TP-Link Technologies (China), D-Link (Taiwan), Landis+Gyr (Switzerland), and Corinex Communications (Canada) are some of the vendors that sell these products and solutions to end users according to their unique requirements. The end users include players from the industrial, commercial, and residential verticals.
Report Scope:
In this report, the power line communication market has been segmented into the following categories:
Power Line Communication Market, by Offering:
Based on frequency, the narrowband segment leads the power line communication market. The dominant position of this segment can be attributed to the high demand for narrowband power line communication technology-based products from the energy management and smart grid application.
Energy management and smart grid application to dominate the market during forecast period
Based on application, the energy management and smart grid application is currently leading and is expected to dominate the market during the forecast period. Substation communication and advanced metering were the main application areas that held a significant share of the power line communication market for the energy management and smart grid application in 2016.
Market for commercial vertical likely to grow at highest CAGR during forecast period
Based on vertical, the commercial vertical is expected to witness the highest growth in the power line communication market during the forecast period. The increasing penetration of power line communication technology-based products for building automation, especially for the lighting control application, is one of the major factors fueling the growth of the said market.
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The objectives of the study are as follows:
- Define, describe, and forecast the overall power line communication market in terms of value
- Define, describe, and forecast the power line communication market segmented on the basis of offering, frequency, application, vertical, and geography
- Forecast the size of the power line communication market, in terms of value, for various segments with respect to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- Describe the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the power line communication market and its submarkets
- Analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall power line communication market
- Analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the power line communication market
- Identify the key players operating in the power line communication market and comprehensively analyze their market ranking and core competencies
- Analyze strategic developments such as product launches, partnerships, expansions, and contracts in the power line communication market
The power line communication ecosystem comprises power line communication technology-based products and its component vendors. Siemens (Germany), NETGEAR (US), ABB (Switzerland), General Electric (US), Hubbell Power Systems (US), TP-Link Technologies (China), D-Link (Taiwan), Landis+Gyr (Switzerland), and Corinex Communications (Canada) are some of the vendors that sell these products and solutions to end users according to their unique requirements. The end users include players from the industrial, commercial, and residential verticals.
Report Scope:
In this report, the power line communication market has been segmented into the following categories:
Power Line Communication Market, by Offering:
- Hardware
- Software
- Services
- Narrowband (3 kHz to 500 kHz)
- Broadband (Greater than 500 kHz)
- Energy Management and Smart Grid
- Indoor Networking
- Residential
- Commercial
- Industrial
- North America (US, Canada, and Mexico)
- Europe (Italy, Spain, UK, Germany, France, and Rest of Europe)
- Asia Pacific (China, Japan, South Korea, India, and Rest of APAC)
- Rest of the World (South America, and the Middle East and Africa)
Based on frequency, the narrowband segment leads the power line communication market. The dominant position of this segment can be attributed to the high demand for narrowband power line communication technology-based products from the energy management and smart grid application.
Energy management and smart grid application to dominate the market during forecast period
Based on application, the energy management and smart grid application is currently leading and is expected to dominate the market during the forecast period. Substation communication and advanced metering were the main application areas that held a significant share of the power line communication market for the energy management and smart grid application in 2016.
Market for commercial vertical likely to grow at highest CAGR during forecast period
Based on vertical, the commercial vertical is expected to witness the highest growth in the power line communication market during the forecast period. The increasing penetration of power line communication technology-based products for building automation, especially for the lighting control application, is one of the major factors fueling the growth of the said market.
Inquiry Before buying:
https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=912
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
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