Power Line Communication (PLC) Market Size, Share, Analysis, Trends, Growth, 2032

Power Line Communication (PLC) Market Insights

According to a report from Zion Market Research, the global Power Line Communication (PLC) Market was valued at USD 10.44 Billion in 2023 and is projected to hit USD 23.25 Billion by 2032, with a compound annual growth rate (CAGR) of 9.3% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Power Line Communication (PLC) Market industry over the next decade.

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Power Line Communication (PLC) Market: Overview

The report offers assessment and analysis of the Power Line Communication (PLC) market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

Power line communication is a communicating tool facilitating sending of data over existing power cables. Additionally, power line communication utilizes electric grids for communicating between end-points. It helps end-users in data retrieval in a half-duplex form. Apparently, in this procedure of communication, sender controls information and inserts it in power cables which will be retrieved through demodulation at the destination. In addition to this, PLC system is extensively used for household automation activities. Furthermore, use of PLC technology encompasses radio transmission, internet accessibility, and home networking.

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Power Line Communication (PLC) Market: Growth Drivers

Escalating utility of PLC tools in advanced metering infrastructure will embellish industry landscape. Apart from this, evolution of PLC as cost –effective solutions will translate into massive growth of power line communication (PLC) in near future. Humungous demand for green energy as well as necessity of refurbishing power infrastructure will steer power line communication (PLC) industry during 2021-2028. Emergence of smart building concept will fuel expansion of power line communication (PLC) market in upcoming years. Large-scale penetration of broadband power line communication equipment in indoor networking systems will drive market trends.

Moreover, a slew of uses in electric car charging, solar panel monitoring & control, lighting control, advanced metering, and indoor networking will steer expansion of power line communication (PLC) market. With various firms operating in the industry focusing on providing new products & services for fulfilling customer demand, the market for power line communication (PLC) industry is set to gain traction in the upcoming years.

Power Line Communication (PLC) Market: Report Scope

Power Line Communication (PLC) Market Regional Landscape

Europe To Make Notable Contributions Towards Market Size By 2032

The growth of power line communication (PLC) market in Europe during 2024-2032 is owing to large-scale acceptance of PLC-technology driven products in substation communications, smart metering activities, and network expanding in countries such as Italy. Apparently, presence of reputed participants such as ABB, Iskra, Schneider Electric, Landis + Gyr, and Iskraemeco in the continent will steer regional market trends.

Power Line Communication (PLC) Market: Competitive Landscape

Key participants profiled in study and influencing market growth include

• Siemens AG
• NETGEAR Inc.
• ABB Limited
• AMETEK Inc.
• Schneider Electric SE 
• General Electric
• Hubbell Power Systems
• TP-Link Technologies
• D-Link
• Landis+Gyr
• Belkin International
• Devolo AG
• Zyxel Communications Corporation

The global Power Line Communication (PLC) Market is segmented as follows:

By Application

• Energy Management & Smart Grid
• Indoor Networking

By Offering

• Hardware 
• Software
• Services

By Frequency

• Narrowband
• Broadband

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa