Power Line Communication Market Opportunity: Use of power line communication technology for lighting control applications

 According to the new market research report "Power Line Communication Market by Offering (Hardware, Software, and Services), Frequency (Narrowband, and Broadband), Application (Energy Management and Smart Grid, and Indoor Networking), Vertical, and Geography – Global Forecast to 2023", the power line communication market is expected to grow from USD 5.5 billion in 2017 to USD 11.1 billion by 2025, at a CAGR of 9.3% between 2017 and 2023.  High demand for power line communication technology-based products from the industrial and residential verticals primarily for substation communication, advanced metering, and indoor networking applications are most likely to be the key factors attributed to the growth of the market.

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Opportunity:  Use of power line communication technology for lighting control applications

The power line communication technology is witnessing an increasing penetration in the lighting control applications. This technology can be used for both indoor as well as outdoor lighting control. In outdoor lighting, street lighting, such as roadway lighting, tunnel lighting, car park lighting, and urban lighting, is one of the upcoming applications where this technology is increasingly being used. Street lighting accounts for a significant portion of operating expenses incurred by municipalities and businesses with large facilities. Moreover, the lighting cost cannot be avoided, as it is necessary for public safety and operation; hence, municipalities and businesses are moving toward automating lighting networks for lowering the energy usage. Power line communication is considered one of the ideal technologies for this purpose. The advantages, such as no additional wiring required for setting up communication network, as well as network coverage even through walls, underground, and adverse weather conditions, offered by this technology has led to its adoption in the lighting control applications. Furthermore, this technology is increasingly being used for network expansion and lighting control in smart homes. A number of companies in the power line communication market are offering power line communication technology-based products for the lighting control application. For instance, NYX Hemera Technologies (Canada) offers TLACS-EM solution designed for switching on and off luminaire/lamps, and controlling and supervising luminaire/lamps status and consumption. This solution for communication either uses the power line communication technology and transfers the data through the power lines or uses dedicated communication wires.

Challenge:  Availability of various substitute technologies

The players providing power line communication technology face competition from other players providing wired and wireless communication technologies. Fiber-optic network is one of the communication technologies, which can be used for smart grid communication instead of power lines. The selection of the communication technology depends upon various factors such as infrastructure, application, and resources. For instance, the factors, such as frequency spectrum for wireless technologies, availability of fiber-optic cables, and quality and length of the power cables for broadband power line carrier, needs to be considered for the selection of communication technology for data communication in power utilities. At times, a combination of various communication technologies is also required to be deployed at the power utilities for effective communication and cost efficiency. At the consumers’ end, the selection of communication technology differs based on consumer’s requirements. For instance, in buildings, where a communication network is required only for the transmission of meter data and price signals, GPRS modems or narrowband power line carriers are sufficient. On the other hand, broadband power line carriers, fiber-optic cables, or wireless solutions can be used in smart homes where power generation and controllable loads or e-car charging stations need to be managed. In the network expansion application segment, the power line communication technology-based product providers face competition from other players offering various communication devices such as Wi-Fi extenders and network switches. However, companies operating in the power line communication market are focusing on offering innovative products to compete with the substitute communication technologies. For instance, in 2016 TP-Link Technologies launched the TL-WPA9610, an AV2000 gigabit powerline AC Wi-Fi kit. This device is designed for the network expansion application and is capable of simultaneously delivering AV2000 via powerline and AC1200 via Wi-Fi.

APAC to be the fastest growing market for power line communication during the forecast period

Some of the key countries in the power line communication market in APAC include China, Japan, India, and South Korea. High economic growth witnessed by major developing economies in the region can be attributed to the rapid growth of the power line communication market in the region. Government efforts to expand the grid and build new power plants, wind farms, and solar farms in China and India are also likely to drive the demand during the forecast period. Heavy investments towards smart city infrastructure in China where this technology is used for smart grids and smart buildings for communication will be a likely factor to contribute to the growth of the market 

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).

Don’t miss out on business opportunities in Power Line Communication Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.
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Siemens (Germany) and NETGEAR (US) are the Key Players in the Power Line Communication Market

MarketsandMarkets forecasts the Power Line Communication market to grow from USD 5.5 billion in 2017 to USD 9.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period. The major factors that are expected to be driving the PLC market are cost-effective installation, enabling wide coverage by using the existing electricity distribution network, growing deployment of smart grids and high penetration of broadband power line communication devices in indoor networking applications.

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Siemens (Germany) and NETGEAR (US) are two of the key players in the power line communication market. Siemens is a leading player in the power line communication market for the substation communication application, while NETGEAR is a dominant player in the power line communication market for the indoor networking application. Siemens extensive product portfolio along with its strong brand image, customer base, and wide geographic reach has helped it to attain a leading position in the power line communication market. One of the major factors for dominant position of NETGEAR is its strong power line communication product portfolio, which it is further trying to enhance by launching new products. The company’s product portfolio consists of various powerline adapters and bridges with the help of which the users can extend the wired and Wi-Fi Internet connections to any AC outlet using the existing electrical wiring. Some of the other companies operating in the power line communication market include ABB (Switzerland), AMETEK (US), Schneider Electric (France),  General Electric (US), TP-Link Technologies (China), D-Link (Taiwan), Landis+Gyr (Switzerland), Nyx Hemera Technologies (Canada), Belkin International (US), Billion Electric (Taiwan), devolo (Germany), Corinex Communications (Canada), TRENDnet (US), Zyxel Communications (Taiwan), Extollo Communications (US), and NetComm Wireless (Australia).

The major players in the power line communication market have primarily adopted the strategy of product launches to strengthen their product portfolio and expand the reach of their offerings to new clients. For instance, in 2016, NETGEAR (US) introduced the PowerLINE WiFi 1000 adapter kit (PLW1000). Moreover, in 2015, it launched the Powerline 1200 Adapter Kit (PL1200) and Powerline 1200+ extra outlet adapter kit (PLP1200). In 2016, TP-Link Technologies (China) also launched the TL-WPA9610, an AV2000 gigabit powerline AC Wi-Fi kit.

The key players in the power line communication market have adopted various expansion and partnership strategies between 2015 and 2017. For instance, in 2017, ABB (Switzerland) inaugurated its Canadian headquarters and customer innovation center. This facility, located in Montreal, has research and development, manufacturing, assembly, and testing units for its energy value chain. Moreover, in 2017, General Electric (US) inaugurated its new grid automation manufacturing facility in Stafford, UK.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

Power Line Communication Market Dynamics

According to the new market research report "Power Line Communication Market by Offering (Hardware, Software, and Services), Frequency (Narrowband, and Broadband), Application (Energy Management and Smart Grid, and Indoor Networking), Vertical, and Geography – Global Forecast to 2023", the power line communication market is expected to grow from USD 5.5 billion in 2017 to USD 11.1 billion by 2025, at a CAGR of 9.3% between 2017 and 2023.  High demand for power line communication technology-based products from the industrial and residential verticals primarily for substation communication, advanced metering, and indoor networking applications are most likely to be the key factors attributed to the growth of the market.

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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=912

Driver:  Enabling wide coverage by using the existing electricity distribution network

The use of power line communication technology for communication is not only cost-effective but also allows wide coverage. Considering the wide availability of the power lines, nearly all the devices receiving power through these power lines can be controlled and monitored with the use of the power line communication technology. The fact that the power line communication technology uses the existing electricity distribution network for communication makes it especially useful for communication with devices, which are located in remote areas where no communication infrastructure is available. One of such example is communication with substations located in remote areas with inadequate communication infrastructure. Extension of each electricity distribution network results in the extension of power line communication network, thereby enabling a wider geographic network coverage.

Restraint:  High noise generation on power lines limiting the data transmission quality

Initially, the power lines were used for energy distribution and not for data transmission. The harsh environment of the power lines can negatively impact the quality of data being transmitted. Noise is one of the main distortion factors, which impacts the performance of the communication systems over power lines. Noise is generated by electrical appliances, which are connected to the electric grid, as well as the coupling of the radio broadcasters that transmit signals over short, middle, and long wave ranges. There is an inverse relationship between the noise on the power line and performance of the power line communication systems. With the increase in the noise level, it is harder to detect the received signal. For instance, light dimmers, vacuum cleaners, drills, and kitchen appliances are some of the noise-sourced devices, which can have a negative impact on the performance of a power line communication technology-based home network.

Opportunity:  Use of power line communication technology for lighting control applications

The power line communication technology is witnessing an increasing penetration in the lighting control applications. This technology can be used for both indoor as well as outdoor lighting control. In outdoor lighting, street lighting, such as roadway lighting, tunnel lighting, car park lighting, and urban lighting, is one of the upcoming applications where this technology is increasingly being used. Street lighting accounts for a significant portion of operating expenses incurred by municipalities and businesses with large facilities. Moreover, the lighting cost cannot be avoided, as it is necessary for public safety and operation; hence, municipalities and businesses are moving toward automating lighting networks for lowering the energy usage. Power line communication is considered one of the ideal technologies for this purpose. The advantages, such as no additional wiring required for setting up communication network, as well as network coverage even through walls, underground, and adverse weather conditions, offered by this technology has led to its adoption in the lighting control applications. Furthermore, this technology is increasingly being used for network expansion and lighting control in smart homes. A number of companies in the power line communication market are offering power line communication technology-based products for the lighting control application. For instance, NYX Hemera Technologies (Canada) offers TLACS-EM solution designed for switching on and off luminaire/lamps, and controlling and supervising luminaire/lamps status and consumption. This solution for communication either uses the power line communication technology and transfers the data through the power lines or uses dedicated communication wires.

Challenge:  Availability of various substitute technologies

The players providing power line communication technology face competition from other players providing wired and wireless communication technologies. Fiber-optic network is one of the communication technologies, which can be used for smart grid communication instead of power lines. The selection of the communication technology depends upon various factors such as infrastructure, application, and resources. For instance, the factors, such as frequency spectrum for wireless technologies, availability of fiber-optic cables, and quality and length of the power cables for broadband power line carrier, needs to be considered for the selection of communication technology for data communication in power utilities. At times, a combination of various communication technologies is also required to be deployed at the power utilities for effective communication and cost efficiency. At the consumers’ end, the selection of communication technology differs based on consumer’s requirements. For instance, in buildings, where a communication network is required only for the transmission of meter data and price signals, GPRS modems or narrowband power line carriers are sufficient. On the other hand, broadband power line carriers, fiber-optic cables, or wireless solutions can be used in smart homes where power generation and controllable loads or e-car charging stations need to be managed. In the network expansion application segment, the power line communication technology-based product providers face competition from other players offering various communication devices such as Wi-Fi extenders and network switches. However, companies operating in the power line communication market are focusing on offering innovative products to compete with the substitute communication technologies. For instance, in 2016 TP-Link Technologies launched the TL-WPA9610, an AV2000 gigabit powerline AC Wi-Fi kit. This device is designed for the network expansion application and is capable of simultaneously delivering AV2000 via powerline and AC1200 via Wi-Fi.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
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Suite 430
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USA : 1-888-600-6441

Growing Deployment of Smart Grids Driving the Growth of Power Line Communication Market

The power line communication market is valued at USD 5.5 billion in 2017 and is expected to reach USD 9.5 billion by 2023, at a CAGR of 9.5% during the forecast period. The need for cost effective installations, growing deployment of smart grids, and high penetration of broadband power line communication devices in the indoor networking application is likely to propel the growth of the market.

• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=912

Energy management and smart grid application to hold the larger share of the power line communication market by 2023

Communication technologies play an important role in smart grids, as these technologies are required for obtaining data for the efficient control and distribution of energy. Substation communication and advanced metering were the main application areas that held a significant share of the power line communication market in 2016. Micro inverter monitoring, vehicle communication and electric vehicle charging, and lighting control are the other emerging applications that are likely to spur the growth of the market during the forecast period.

Drivers
• Cost-Effective Installation
• Enabling Wide Coverage By Using the Existing Electricity Distribution Network
• Growing Deployment of Smart Grids
• High Penetration of Broadband Power Line Communication Devices in Indoor Networking Applications

APAC to be the fastest growing market for power line communication during the forecast period

Some of the key countries in the power line communication market in APAC include China, Japan, India, and South Korea. High economic growth witnessed by major developing economies in the region can be attributed to the rapid growth of the power line communication market in the region. Government efforts to expand the grid and build new power plants, wind farms, and solar farms in China and India are also likely to drive the demand during the forecast period. Heavy investments towards smart city infrastructure in China where this technology is used for smart grids and smart buildings for communication will be a likely factor to contribute to the growth of the market 

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).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Energy management and smart grid application to hold the larger share of the power line communication market by 2023

According to the new market research report "Power Line Communication Market by Offering (Hardware, Software, and Services), Frequency (Narrowband, and Broadband), Application (Energy Management and Smart Grid, and Indoor Networking), Vertical, and Geography – Global Forecast to 2023", the power line communication market is expected to grow from USD 5.5 billion in 2017 to USD 11.1 billion by 2025, at a CAGR of 9.3% between 2017 and 2023.  High demand for power line communication technology-based products from the industrial and residential verticals primarily for substation communication, advanced metering, and indoor networking applications are most likely to be the key factors attributed to the growth of the market.

• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=912

Communication technologies play an important role in smart grids, as these technologies are required for obtaining data for the efficient control and distribution of energy. Substation communication and advanced metering were the main application areas that held a significant share of the power line communication marketin 2016. Micro inverter monitoring, vehicle communication and electric vehicle charging, and lighting control are the other emerging applications that are likely to spur the growth of the market during the forecast period.

APAC to be the fastest growing market for power line communication during the forecast period

Some of the key countries in the power line communication market in APAC include China, Japan, India, and South Korea. High economic growth witnessed by major developing economies in the region can be attributed to the rapid growth of the power line communication market in the region. Government efforts to expand the grid and build new power plants, wind farms, and solar farms in China and India are also likely to drive the demand during the forecast period. Heavy investments towards smart city infrastructure in China where this technology is used for smart grids and smart buildings for communication will be a likely factor to contribute to the growth of the market 

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).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 

Power Line Communication Market expected to be worth $11.1 billion by 2025

According to the new market research report "Power Line Communication Market by Offering (Hardware, Software, and Services), Frequency (Narrowband, and Broadband), Application (Energy Management and Smart Grid, and Indoor Networking), Vertical, and Geography – Global Forecast to 2023", the power line communication market is expected to grow from USD 5.5 billion in 2017 to USD 11.1 billion by 2025, at a CAGR of 9.3% between 2017 and 2023.  High demand for power line communication technology-based products from the industrial and residential verticals primarily for substation communication, advanced metering, and indoor networking applications are most likely to be the key factors attributed to the growth of the market.

APAC to be the fastest growing market for power line communication during the forecast period

Some of the key countries in the power line communication market in APAC include China, Japan, India, and South Korea. High economic growth witnessed by major developing economies in the region can be attributed to the rapid growth of the power line communication market in the region. Government efforts to expand the grid and build new power plants, wind farms, and solar farms in China and India are also likely to drive the demand during the forecast period. Heavy investments towards smart city infrastructure in China where this technology is used for smart grids and smart buildings for communication will be a likely factor to contribute to the growth of the market 

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).

Software to witness the highest growth in power line communication market during the forecast period

Software solutions are mostly integrated with the hardware systems; the software systems can also be purchased separately and then connected to the hardware.  Software systems need to be regularly updated to ensure optimum functionality. Moreover, end users need to bear the expenses of software and related license updates. These factors are likely to contribute to a high CAGR of the software segment in the power line communication market in the near future.

Narrowband frequency is likely to dominate the power line communication market during the forecast period

The ability of the narrowband power line communication technology to send data through power lines over a long distance is one of the major factors that have led to its high adoption in the energy management and smart grid application. High demand for narrowband power line communication technology-based products from the energy management and smart grid application, especially from the advanced metering application will attribute to the dominant position in the market during the forecast period.

Energy management and smart grid application to hold the larger share of the power line communication market by 2023

Communication technologies play an important role in smart grids, as these technologies are required for obtaining data for the efficient control and distribution of energy. Substation communication and advanced metering were the main application areas that held a significant share of the power line communication market in 2016. Micro inverter monitoring, vehicle communication and electric vehicle charging, and lighting control are the other emerging applications that are likely to spur the growth of the market during the forecast period.

Industrial vertical to hold the largest share of the power line communication market during the forecast period

Automation and control of power grids, advanced metering, electric vehicle charging, monitoring and control of solar panels, lighting control, and indoor networking are the major applications of the power line communication technology in the industrial vertical. Energy & power, and automotive & transportation are some of the key industries that are likely to boost the demand for power line communication during the forecast period.

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Power line communication market is estimated to reach USD 9.45 Billion by 2023

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).

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Power Line Communication Market trends and Growth: Industry Analysis to 2023

The power line communication market is expected to be valued at USD 5.47 billion in 2017 and 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 indoor networking applications has also led to the growth of the said market.

The market for the software segment is expected to witness a significant growth during the forecast period. The data extracted from hardware components is in the form of raw data, which is collected, processed, and analyzed by the software. The software solutions are mostly integrated with the hardware systems; the software systems can also be purchased separately and then connected to the hardware. Moreover, users need to update software at a regular interval and bear the expenses of the related license updates. These factors are likely to contribute to a high CAGR of the software segment in the power line communication market in the near future.

The narrowband power line communication market is expected to grow at the highest CAGR, and hold a dominant position in the overall power line communication market during the forecast period. Substation communication and advanced metering are the major application areas of narrowband power line communication technology-based products while lighting control and electric vehicle charging are the other emerging applications.

The power line communication market for the energy management and smart grid segment is expected to witness a significant growth during the forecast period. The growing demand for power line communication technology-based products from Asia Pacific (APAC), South America, and the Middle East and Africa is expected to fuel the growth of the said market for the energy management and smart grid application.

The power line communication market for the commercial vertical is expected to grow at the highest CAGR between 2017 and 2023. 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 for the commercial vertical.

The power line communication market in APAC is expected to grow at the highest CAGR during the forecast period. Substation communication, advanced metering, and indoor networking are the major applications that accounted for a significant share of the market in APAC in 2016. Moreover, the high demand for power line communication technology-based products from these segments is expected to fuel the growth of the said market during the forecast period.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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Power Line Communication Market by Offering & Application expected to be worth 9.45 Billion USD by 2023

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:

• Define, describe, and forecast the overall power line communication market in terms of value
• Define, describe, and forecast the market segmented on the basis of offering, frequency, application, vertical, and geography
• Forecast the size of the 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 market and its submarkets
• Analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• Analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
• Identify the key players operating in the 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

Narrowband segment held largest share of the market in 2016

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.

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).

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Key Players in the Power Line Communication Market: Siemens (Germany) and NETGEAR (US)

Power line communication is a communication technology that uses the existing power distribution infrastructure to transfer data and information. Substation communication, advanced metering, and indoor networking are some of the major applications of the power line communication technology-based products.

The power line communication market is expected to be valued at USD 9.45 billion by 2023, growing at a CAGR of 9.53% between 2017 and 2023. Growing deployment of smart grids is one of the major factors fueling the growth of the power line communication market.

Siemens (Germany) and NETGEAR (US) are two of the key players in the power line communication market. Siemens is a leading player in the power line communication market for the substation communication application, while NETGEAR is a dominant player in the power line communication market for the indoor networking application. Siemens extensive product portfolio along with its strong brand image, customer base, and wide geographic reach has helped it to attain a leading position in the power line communication market. One of the major factors for dominant position of NETGEAR is its strong power line communication product portfolio, which it is further trying to enhance by launching new products. The company’s product portfolio consists of various powerline adapters and bridges with the help of which the users can extend the wired and Wi-Fi Internet connections to any AC outlet using the existing electrical wiring. Some of the other companies operating in the power line communication market include ABB (Switzerland), AMETEK (US), Schneider Electric (France),  General Electric (US), TP-Link Technologies (China), D-Link (Taiwan), Landis+Gyr (Switzerland), Nyx Hemera Technologies (Canada), Belkin International (US), Billion Electric (Taiwan), devolo (Germany), Corinex Communications (Canada), TRENDnet (US), Zyxel Communications (Taiwan), Extollo Communications (US), and NetComm Wireless (Australia).

The major players in the power line communication market have primarily adopted the strategy of product launches to strengthen their product portfolio and expand the reach of their offerings to new clients. For instance, in 2016, NETGEAR (US) introduced the PowerLINE WiFi 1000 adapter kit (PLW1000). Moreover, in 2015, it launched the Powerline 1200 Adapter Kit (PL1200) and Powerline 1200+ extra outlet adapter kit (PLP1200). In 2016, TP-Link Technologies (China) also launched the TL-WPA9610, an AV2000 gigabit powerline AC Wi-Fi kit.

The key players in the power line communication market have adopted various expansion and partnership strategies between 2015 and 2017. For instance, in 2017, ABB (Switzerland) inaugurated its Canadian headquarters and customer innovation center. This facility, located in Montreal, has research and development, manufacturing, assembly, and testing units for its energy value chain. Moreover, in 2017, General Electric (US) inaugurated its new grid automation manufacturing facility in Stafford, UK.

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.

Narrowband segment held largest share of the market in 2016

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.

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.

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

 

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Power Line Communication Market by Offering & Application - Global Forecast 2023

The power line communication market is expected to grow from USD 5.47 Billion in 2017 to USD 9.45 Billion by 2023, at a CAGR of 9.53% between 2017 and 2023. The growth of this market can be attributed to the high demand for power line communication technology-based products from the industrial and residential verticals primarily for substation communication, advanced metering, and indoor networking applications.

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).

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Narrowband segment held largest share: Power Line Communication Market

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.

Narrowband segment held largest share of the market in 2016

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.

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).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441