Power Line Communication Market Key Vendors, Analysis by Growth and Revolutionary Opportunities

Power Line Communication Market is valued at USD 7.80 Billion in 2020 and is expected to reach USD 18.64 Billion by 2027 with a CAGR of 11.5% over the forecast period. Power line communication is a method of sending data over existing power lines that enables power lines to be utilised for data transmission (PLC). This system can be developed quickly and cheaply by employing a power line as a communication network. Both the low-speed and high-speed versions of this PLC employ various communication protocols. By altering the peripheral circuits, it is possible to make the same device with this PLC compatible with both AC and DC power supplies. PLC technology is employed in automatic metre reading, utility firm control switching mechanisms, radio programme transmission, and transmission line protection. It is used in several automobile applications where voice, data, and music are delivered through Power line communication systems, which provide the necessary bandwidth to replace or support alternative communication technologies like fiber-optic and wireless, are seen as a significant, cost-effective solution. The power line can be effectively employed as the only channel of communication between an electric utility's High Voltage (HV) substations and control centre.

Power line communication system sales are expected to increase as a result of the soaring demand for home automation solutions to regulate several internal variables. It is anticipated that these technologies will be widely employed to transform data transmitted through current power connections. Huge quantities of money are being invested by governments worldwide in the construction of smart grid infrastructure. Systems for power line hardware aid in improving the stability and reliability of data communication. It is also capable of reducing the cost of controlling numerous appliances remotely.

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Production Power Line Communication Market :Segment Analysis
Global Power Line Communication Market: Major Players
ST Microelectronics
Lantiq
Echelon
Broadcom
Ariane Controls
Texas Instruments
Yitran
Sigma
gridComm
ADD Semiconductor
Atheros
Microchip
Semitech Semiconductor
Plugtek
Cypress Semiconductor
Maxim
Marvell

Global Power Line Communication Market: By Types
Narrowband PLC
Broadband PLC

Global Power Line Communication Market: By Applications
Smart metering and smart grid
Street lighting control
Industrial automation
Supervisory Control And Data Acquisition
Others
Global Production Power Line Communication Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Oil Shale market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Effect of COVID-19 on the future for business
Following the COVID-19 epidemic, there was a sharp decline in global spending on smart grids, primarily because of interruptions in the economy. Additionally, investments in electrical infrastructure will probably reach pre-pandemic levels as limitations gradually become less onerous. According to the International Energy Agency, 10% more money will be spent on power grids in 2021, primarily in Europe, China, and the US.

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