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Power Line Communication (PLC) Market Size By Offering (Software [Energy Management, Data Acquisition and Management], Service [Maintenance & Repair, Professional Service], Hardware), By Frequency (Broadband, Narrowband), By Application (Networking, Smart Grid, Long-haul), By Industry Vertical (Commercial, Residential, Industrial [Automotive & Transportation, Energy & Power]), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI2987
  • Published Date: Aug 2022
  • Report Format: PDF

Industry Trends

Power Line Communication Market size surpassed USD 8 billion in 2021 and is anticipated to record around 15% CAGR from 2022 to 2030.
 

The surging popularity of advanced metering infrastructure (AMI) networks has resulted in a seismic shift of grid operators towards the installation of smart meters worldwide. With the burgeoning demand for home automation solutions to control in-house parameters, power line communication (PLC) devices are expected to gain widespread adoption to connect smart meters.
 

Power Line Communication Market

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In Europe, the power line communication (PLC) technology was primarily used to connect meters in AMI deployments. Varied advanced metering projects in countries, such as Sweden, Spain, and France, used PLC as the preferred communication technology on their NAN (neighborhood area network). A major reason behind their massive usage was cost-effectiveness. Electric utilities also can reuse the power grid to transmit data with a high density of meters per transformation substation, asserting a profound impact on the PLC market share.
 

Interference issues regarding PLC solutions may hinder industry statistics

The installation of power line communication devices is associated with low infrastructure needs as compared to other alternatives. However, key challenges such as limited speed and interference issues may create roadblocks to steady industry development. In addition, considerable noise, varying impedance, and high levels of frequency-dependent attenuation are also among the prominent issues associated with PLC networks, which may augment the market revenue.
 

Rising adoption of PLC in IoT applications

North America PLC Market Size, By Offering,

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The hardware segment accounted for approximately 45% of the power line communication market share in 2021. This was attributable to its large-scale usage to address the connectivity demand in IoT applications. Hardwired solutions are also becoming unique IoT connectivity options, owing to seamless connectivity to the power lines and reduced need for new infrastructure development.
 

Robust demand for IoT connectivity to amplify the narrowband segment growth

The narrowband frequency segment is predicted to capture more than 55% of the power line communication market share by 2030 owing to mounting demand for connectivity for IoT applications. Narrowband IoT is considered a highly scalable and low-cost low-power wide-area network technology. This technology can be effectively used in applications including smart metering and building management.
 

Rising need for power connectivity in commercial buildings

The commercial segment is slated to register a growth rate of above 15% through 2030. The need for power connectivity across office buildings, hotels, shopping malls, and other commercial spaces has increased substantially. This will escalate the adoption of power line transmission technology for varied applications, such as data transmission, power monitoring, and demand control, across commercial buildings.
 

PLC business to gain traction for home networking applications

The networking segment held nearly 30% of the PLC market revenue share in 2021. Cost-effectiveness of PLC solutions for home networking applications is likely to propel the industry growth. These networks also boast of benefits such as ensuring minimal IT workload, helping to transmit faxes, and providing phone calls and internet services over regular power wiring.
 

North America to emerge as a major hub for PLC service providers

Global PLC Market Size, By Region

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The North America power line communication industry attained a valuation worth around USD 3 billion in 2021. This was credited to the escalating demand for smart grid systems to deliver sustainable energy solutions. Major companies offering novel PLC services, such as General Electric Company and NETGEAR, also have a strong presence across the region, which will lead to industry development.
 

Product development strategies to strengthen the industry demand

Some of the key players operating in the power line communication market includes AMTEK Ltd., General Electric Company, Hitachi Ltd., STMicroelectronics N.V., Hubbell Incorporated, Renesas Electronics Corporation, Panasonic Corporation, Schneider Electric SE, Siemens AG, and TP-Link Corporation Limited. These firms are mainly focusing on product range expansions to enhance their presence in the market.
 

Impact of COVID-19 on the business outlook

In wake of the COVID-19 pandemic, global spending on smart grids witnessed a dramatic slump worldwide, mainly due to economic disruptions. Moreover, with the gradual ease of restrictions, investments in electrical infrastructure will likely rise to pre-pandemic levels. As per the International Energy Agency, spending on electricity grids was projected a growth of 10% in 2021, predominantly across Europe, China, and the United States.
 

The power line communication (PLC) market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2018 to 2030, for the following segments:

Market, By Offering

  • Hardware
  • Software
    • Energy Management
    • Data Acquisition and Management
  • Service
    • Maintenance & Repair
    • Professional Service

Market, By Frequency

  • Narrowband
  • Broadband

Market, By Application

  • Networking
  • Smart Grid
  • Long-haul

Market, By Industry Vertical

  • Commercial
  • Residential
  • Industrial
    • Automotive & Transportation
    • Energy & Power

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Italy
    • Netherlands
    • Spain
    • Germany
  • Asia Pacific
    • South Korea
    • India
    • Australia & New Zealand
    • China
    • Japan
  • Latin America
    • Brazil
    • Argentina
    • Colombia
    • Mexico
  • Middle East & Africa
    • South Africa
    • UAE
    • Saudi Arabia

 

Authors: Preeti Wadhwani , Smriti Loomba

Frequently Asked Questions (FAQ) :

The market size of power line communication (PLC) valued at USD 8 billion in 2021 and is expected to depict over 15% CAGR through 2030, says this GMI report.

The hardware segment accounted for around 45% of the PLC market share in 2021, which was attributable to its large-scale adoption to cater to the connectivity demand for IoT applications.

The narrowband segment is set to hold over 55% of the market share by 2030, given its widespread application scope including smart metering and building management.

The networking segment held nearly 30% of the power line communication market share in 2021, which can be credited to the cost-effectiveness of PLC solutions for home networking applications.

The power line communication (PLC) industry from the commercial segment will depict a CAGR of nearly 15% through 2030, driven by the strong demand for power connectivity across office buildings and other commercial spaces.

North America PLC market reached a valuation of over USD 3 billion in 2021, as a result of the burgeoning demand for smart grid systems to deliver sustainable energy solutions.

Prominent market players include AMTEK Ltd., General Electric Company, STMicroelectronics N.V., Hubbell Incorporated, Renesas Electronics Corporation, Panasonic Corporation, Schneider Electric SE, and others.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 20
  • Tables & Figures: 515
  • Countries covered: 20
  • Pages: 346

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