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.
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 the largest share of the market in 2016
and is expected to witness a significant growth during the forecast
period. Europe was the first region in terms of wide-scale adoption of
power line communication technology, especially for the advanced
metering application. This is one of the major factors that have led to
the dominant position of Europe in the said market.
High noise generation on power lines limits the data
transmission quality of power line communication devices. This is one of
the major restraining factors for the growth of the power line
communication market. Some of the major companies operating in the said
market are 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), devolo (Germany), and Zyxel
Communications (Taiwan).
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