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Global Power Line Communication (PLC) Systems Market Will Likely To Expand At A Steady Cagr Of 18.4% f By 2022

10-05-2020 08:26 PM CET | Media & Telecommunications

Press release from: Premium Market Insights

Global Power Line Communication (PLC) Systems Market Will

The global power line communication (PLC) systems market is anticipated to garner around 14 billion by 2022, growing at a CAGR of 18.4% from 2016 to 2022. PLC system is a method to transmit data and electrical power, both over the same power cable. It uses existing electrical cabling as network cables, which means they also carry data signals. It can be a method of extending an existing network into new areas without adding new cables.

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A PLC system has numerous benefits to a wireless connection; however, the quality of the connection depends on the quality of the local electrical system. An extensive range of PLC technologies is used for different applications, ranging from smart home automation to Internet access, which is often called power over Ethernet (PoE).

Key Players:

Cypress Semiconductor,ST Microelectronics,Texas Instruments,Maxim Integrated,Marvell,Qualcomm Atheros,Microchip,Sigma Designs, Inc.,Broadcom Corporation,Echelon Corporation

PLC is utilized in residential, commercial, and industrial sectors, owing to its cost-effectiveness, space efficiency, and ability to operate many devices with high power for voice and data communication. However, centralized risk for connected devices is expected to hamper growth. Irrespective of these challenges, various advantages of PLC systems over wireless technologies are expected to provide numerous opportunities for growth in the future.

The global PLC systems market is segmented based on type, solution, component, application, and geography. The type segment is divided into narrowband PLC and broadband PLC. The solution segment is classified as PLC over AC lines and PLC over DC lines. Based on component, the market is segregated into coupling capacitor, line trap unit, transmitters & receivers, line tuners, and others (hybrids and filters, master oscillator and amplifiers, protection, and earthing equipment).

Based on application, it is categorized into commercial, residential, automotive, oil & gas, telecommunication, power distribution, and healthcare. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

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The study conducts SWOT analysis to assess the strengths and weaknesses of the key players engaged in the Global Power Line Communication (PLC) Systems market. Moreover, the report undertakes an elaborate examination of drivers and constraints operating in the market. The report also evaluated the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Global Power Line Communication (PLC) Systems market segments and regions.

Competitive scenario:

The study assesses factors such as segmentation, description, and applications of Global Power Line Communication (PLC) Systems industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Major highlights of the report:

• An all-inclusive evaluation of the parent market
• The evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of the market value and volume in the past, present, and forecast years
• Market share evaluation
• Study of niche industrial sectors
• Tactical approaches of the market leaders
• Lucrative strategies to help companies strengthen their position in the market.

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