The power line communication market is valued at USD 5.47 Billion in 2017 and
is expected to reach USD 9.45 Billion by 2023, at a CAGR of 9.53% during
the forecast period. The growing deployment of smart grids coupled with
the fact that power line communication is one of the major
communication technologies that is being used for smart grid
communications is one of the major factors driving the growth of the
market. Moreover, the increasing demand for broadband power line
communication devices in the indoor networking application has led to
the growth of the market.
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The report segments the power line communication market on the basis of offering, frequency, application, vertical, and geography. The said market is expected to be led by the narrowband power line communication segment during the forecast period. Substation communication and advanced metering are the main application areas of narrowband power line communication technology-based products. Substation communication and advanced metering applications hold a significant share of the overall power line communication market. This factor has led to the dominant position of the narrowband segment in the market.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=912
The report segments the power line communication market on the basis of offering, frequency, application, vertical, and geography. The said market is expected to be led by the narrowband power line communication segment during the forecast period. Substation communication and advanced metering are the main application areas of narrowband power line communication technology-based products. Substation communication and advanced metering applications hold a significant share of the overall power line communication market. This factor has led to the dominant position of the narrowband segment in the market.
The industrial vertical accounted for the largest
share of the overall power line communication market. The high adoption
of power line communication technology-based products, especially for
the substation communication application has led to the dominance of
this vertical in the said market.
The market for the energy management and smart grid
application is expected to witness a significant growth 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. Micro inverter monitoring, vehicle communication
and electric vehicle charging, and lighting control are the other
emerging applications.
Europe held largest share of the market in 2016
Europe held the largest share of the power line
communication market in 2016. Italy accounted for the largest share of
the power line communication market in Europe, followed by France, the
UK, and Germany. In 2016, the advanced metering application accounted
for a significant portion of the power line communication market in
Europe. This can be attributed to the initiatives taken by the
government and utilities for the deployment of smart meters. Italy was
the pioneer in Europe in terms of large-scale smart meters deployment.
Moreover, the UK government has set a target of deploying nearly 53
million smart meters across 30 million homes and small businesses by
2020.
Some of the players operating in the power line
communication market include Siemens (Germany), NETGEAR (US), ABB
(Switzerland), AMETEK (US), Schneider Electric (France), General
Electric (US), Hubbell Power Systems (US), TP-Link Technologies (China),
D-Link (Taiwan), Landis+Gyr (Switzerland), Belkin International (US),
Corinex Communications (Canada), devolo (Germany), and Zyxel
Communications (Taiwan).
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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