Emerging Power Line Communication (PLC) Market Trend 2025-2034: Next-Generation Powerline Communication Devices Transforming Connectivity And Smart Grid Applications

"How Is the Power Line Communication (PLC) Market Projected to Grow, and What Is Its Market Size?
The power line communication (PLC) market has seen rapid growth in recent years. It will grow from $11.43 billion in 2024 to $12.85 billion in 2025, at a CAGR of 12.4%. The growth is fueled by early adoption in home networking, smart grid initiatives, broadband over power line (BPL) technology, and increased bandwidth and data rates.

The power line communication (PLC) market is expected to experience rapid growth, reaching $20.51 billion by 2029 at a CAGR of 12.4%. The growth is driven by 5G and beyond integration, edge computing, advanced metering infrastructure (AMI), higher bandwidth and data rates, and sustainability. Trends include IoT expansion, electric vehicle-to-grid communication, DERs integration, smart cities, AI/ML integration, and standardization.

What Are the Key Drivers Behind the Growth of the Power Line Communication (PLC) Market?
The increasing adoption of industrial automation and control systems is expected to drive the expansion of the power line communication market. Industrial automation and control systems refer to technologies that facilitate the automation and monitoring of manufacturing processes, machinery, and equipment, thereby enhancing productivity, efficiency, and safety. The demand for industrial automation is rising due to its benefits, including improved operational efficiency, enhanced product quality, greater safety measures, and adaptability to market fluctuations. Power line communication (PLC) technology enables efficient and cost-effective data transmission over existing power lines, strengthening communication and connectivity within industrial environments. For instance, in May 2022, Rockwell Automation Inc., a U.S.-based provider of industrial automation technologies, conducted a survey of 321 manufacturers, which revealed a 50% year-over-year increase in smart factory technology adoption. Additionally, 74% of respondents were either using or planning to integrate artificial intelligence into their manufacturing processes, while 83% aimed to modernize operations into smart factories. Thus, the growing focus on industrial automation and control systems is fostering the power line communication market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14456&type=smp

Who Are the Major Industry Players Fueling Power Line Communication (PLC) Market Expansion?
Major companies operating in the power line communication (PLC) market are Hitachi Energy Ltd., Siemens AG, General Electric Company, Schneider Electric SE, ASEA Brown Boveri (ABB Ltd.), STMicroelectronics N.V., Renesas Electronics Corporation, AMETEK Inc., Hubbell Power Systems, Landis+Gyr AG, Zyxel Communications Corporation, NETGEAR Inc., D-Link Corporation, Belkin International LLC, TP-Link Technologies Co Ltd., Devolo AG, Corinex Communications Corp., NetComm Wireless Limited, Billion Electric Co. Ltd., Atmel Corporation, Echelon Corporation, Xemex NV

Which Key Developments Are Influencing the Power Line Communication (PLC) Market?
Leading firms in the on-grid solar PV market are advancing their product lines with cutting-edge technology, such as on-grid photovoltaic (PV) inverters, to boost revenue. These inverters play a crucial role in solar energy systems by converting variable direct current (DC) from solar panels into alternating current (AC) suitable for grid supply. For instance, in June 2022, V-Guard Industries Ltd., an India-based manufacturer of electrical and home appliances, launched Solsmart, a solar rooftop power system featuring on-grid solar inverters for residential and commercial use. With an efficiency of 98.4%, Solsmart offers a cost-effective solution for users aiming to reduce electricity costs. Additionally, the inverter includes integrated DC switches for enhanced safety and operates efficiently within a temperature range of -25°C to 60°C.

How Is the Segmentation of the Power Line Communication (PLC) Market Defined?
The power line communication (PLC) market covered in this report is segmented -

1) By Offerings: Hardware, Software, Service
2) By Frequencies: Narrowband, Broadband
3) By Applications: Networking, Smart Grid, Long-Haul
4) By Industry Verticals: Commercial, Residential, Industrial

Subsegments:
1) By Hardware: PLC Modems, PLC Couplers, PLC Adapters, PLC Repeaters, PLC Routers, Integrated Circuit (IC) for PLC Systems
2) By Software: PLC Communication Software, Network Management Software, Security and Encryption Software, Data Transmission and Control Software, Monitoring and Diagnostics Software
3) By Service: Consulting Services, Integration and Deployment Services, Maintenance and Support Services, Managed Services, Network Planning and Design Services

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/power-line-communication-plc-global-market-report

What Is the Leading Region in the Power Line Communication (PLC) Market?
North America was the largest region in the power line communication (PLC) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power line communication (PLC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Power Line Communication (PLC) Global Market Report?

- Market Size Analysis: Analyze the Power Line Communication (PLC) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Power Line Communication (PLC) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Power Line Communication (PLC) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Power Line Communication (PLC) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14456

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.