Power Line Carrier System Market Technological Improvements Steering Growth during 2018-2027 // Advanced Digital Design S.A., Echelon Corporation, Lumenpulse Inc., Semitech Semiconductor, Yitran Technologies Ltd
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Increasing demand for power in every business vertical will create optimistic growth opportunities for the Power Line Carrier System Market over the forecast period. Moreover, power line carrier systems can be easily installed over existing power lines and hence, their adoptability rate is quite high. Government initiatives, such as the Saubhagya Scheme, aim to provide electricity to all households in India. That apart, the existing infrastructure has been modified to provide simultaneous data transmission.
The overall cost of power line carrier system projects is quite cost effective, which will further drive the growth of the market during the forecast period. Increased installation of surveillance cameras and other security devices will push the demand for power line carrier systems during the forecast period. Similarly, increasing investments for enhancing the communication infrastructure in almost every country around the world will also compliment the market growth. Increasing awareness surrounding the smart grid concept due to technologies, such as Automatic Meter Reading (AMR) and Automatic Meter Infrastructure (AMI), are few other factors driving the growth of power line carrier system market on a global level.
However, one of the significant obstacles in the growth of power line carrier system market is the requirement of skilled manpower. That apart, the cost of maintenance is high, which limits the growth of the power line carrier system market.
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Owing to the superimposition of two frequencies, this system is stated to produce substantial noise, when in operation. These factors are estimated to be some of the key restraining factors for the power line carrier system market.
Power Line Carrier System Market: Regional Outlook
From a regional perspective, Asia Pacific is expected to be one of the major regions accounting for a dominant share. The growing telecommunications sector in countries, such as India, coupled with the strong industrial growth in major countries are some of the contributing factors for the growth of the power line carrier system market. The fast paced adoption of smart metering can be considered as another fuelling factor for the region’s growth. Following Asia Pacific, the North America power line carrier system market is also anticipated to witness high growth. The automotive production has been on the rise in countries in Europe and hence, the region is expected to be one of the rapidly growing regions in the power line carrier system market.
Some of the market participants identified across the value chain of the global power line carrier system market are ABB, Schneider Electric, AtlasPower, Inc., Texas Instruments Incorporated, STMicroelectronics N.V., Cypress Semiconductor Corporation, Advanced Digital Design S.A., Echelon Corporation, Lumenpulse Inc., Semitech Semiconductor, Yitran Technologies Ltd., among others.
The power line carrier system research report presents a comprehensive assessment of the power line carrier system market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The power line carrier system research report provides analysis and information according to market segments such as geographies, scaffold type, position, number of points and number of tiers.
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