Power Line Communication (PLC) Systems Market Overview, Forecast by 2026 | CAGR 19.3%

Global Power Line Communication (PLC) Systems Market is valued approximately at USD 6.91 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 19.30% over the forecast period 2019-2026.

The global power line communication (PLC) systems market report is a comprehensive research study of this business space that has been projected to garner highly appreciable returns by the end of the forecast duration. The report analyzes global power line communication (plc) systems market and provides an insight into pivotal parameters such as market size, sales volume, revenue forecast. The segmentation of the global power line communication (plc) systems market and intrinsic details regarding these segments in addition to the specific drivers fueling the remuneration and commercialization landscape of this business space have also been enumerated in this report.

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Market Overview
A power line communication is a relatively modern area of telecommunication. It is a communication technology that facilitates transfer of data over accessible power cables. The potential implementation of PLC, with the main emphasis on the internet access, is being deployed in several European and Asian countries, alongside in the United States. Increasing adoption of smartphones, surging utility in internet connectivity, expansion of smart grid networks and growing in residential, industrial and commercial sectors are the few factors responsible for high CAGR of the market over the forecast period. Moreover, proactive government initiatives to promote PLC and smart grids utilizing PLC along with the use of power line communication technology for lighting control applications is the major factor likely to create lucrative growth opportunities to the market growth in the forecasting years.

For instance, As per the China Electricity Council by 2020, the government of China has planned to build three major transmission lines (each of 20 GW of transmission capacity). Similarly, the Smart America Organization estimates that, government of United States has invested nearly $41 trillion with an aim to upgrade and modernize smart-grid infrastructure. Through this plan, both China and United States government increasingly deploying power line communication (PLC) systems to enhance the quality of life for its citizen and to create environmental sustainability in the country. However, high noise generation on power lines limiting the data transmission quality and adverse effect of signal attenuation is the major restraint for the growth of global Power Line Communication (PLC) Systems market during the forecast period.

Competitive Landscape:

The competitive analysis of major market players is another notable feature of the power line communication (PLC) systems market report; it identifies direct or indirect competitors in the market.

Major market player included in this report are:
Siemens AG
Cypress Semiconductor
Texas Instruments
ST Microelectronics
Maxim Integrated
Marvell Technology Group Ltd.
Qualcomm Atheros
Microchip Technology
Sigma Designs Inc.
Broadcom Inc.
Echelon Corporation

Market Segmentation:

By Type:
Narrowband PLC
Broadband PLC

By Solution:
PLC Over AC Lines
PLC Over DC Lines

By Component:
Coupling Capacitor
Line Trap Unit
Transmitters & Receivers
Line Tuners
Others

By Application:
Commercial
Residential
Automotive
Oil & Gas
Telecommunication
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Key Questions Addressed in the Report:

1. Who are the top 10 players operating in the power line communication (plc) systems market?
2. What are the driving factors, restraints, opportunities, and challenges in the power line communication (plc) systems market?
3. What are the current scenario and industry trends in the power line communication (plc) systems market?
4. Which industry and technology can be a potential revenue pocket for market players in the next five years?
5. Who are the visionary leaders, dynamic differentiators, innovators, and emerging players and what are the key strategies adopted by them to strengthen their positions?
6. What are the power line communication (plc) systems market opportunities and threats faced by the vendors in the power line communication (plc) systems market?
7. What are the power line communication (plc) systems market challenges to market growth?
8. Analysis based on historical information along with the current trends to estimate the future of the market
9. Analysis of the impact of constantly changing global market scenarios

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