Power Line Communication Market Size, Share, Trends, Analysis and Forecast by 2026

According to IMARC Group's latest report, titled "Power Line Communication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global power line communication market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.5% during 2021-2026.

Power line communication (PLC) refers to a technology that enables existing power cables to exchange data and electrical signals from one end to another. It acts as a reliable communication and data transmission medium for various Internet of Things (IoT) and smart grid applications.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends and Drivers:

PLC technology offers numerous benefits, including ease of installation, high efficiency, low system complexity and implementation costs, and reduced system maintenance. Owing to this, it is widely used for both indoor and outdoor lighting, such as on streets, roadways, tunnels, parking, parks and other commercial and industrial complexes. Besides this, governments of various nations are investing considerably in the deployment of smart grids. These grids involve the integration of renewable energy resources with the electricity supply chain through PLCs. The increasing utilization of these solutions for communicating with devices at remote locations is providing a boost to the power line communication market growth. Moreover, extensive research and development (R&D) in the power sector and hyper-urbanization, along with the extension of the electricity distribution network, has led to a substantial increase in the adoption of PLC technology to cater to a broader geographical area. These factors are expected to create a positive outlook for the market in the coming years.

Power Line Communication Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the power line communication market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

ABB
AMETEK Inc.
Hubbell Power Systems Inc.
Landis+Gyr
Maxim Integrated
Netgear
Schneider Electric
Siemens
Broadcom Inc.
Cypress Semiconductor
D-Link Corporation
General Electric
TP-Link Technologies
Zyxel Communications

Key Market Segmentation:

The report has segmented the global power line communication market on the basis of frequency, voltage, offering, modulation technique, application, vertical and region.

Breakup by Frequency:

Narrowband (3 kHz to 500 kHz)
Broadband (Greater Than 500 kHz)

Breakup by Voltage:

Low
Medium
High

Breakup by Offering:

Hardware
Software
Services
Breakup by Modulation Technique:

Single Carrier Modulation
Multi Carrier Modulation
Spread Spectrum Modulation
Others

Breakup by Application:

Energy Management and Smart Grid
Indoor Networking

Breakup by Vertical:

Residential
Commercial
Industrial

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.