Power Line Communication (PLC) Market Size, By Offering (Hardware, Software [Data Acquisition and Management, Energy Management], Service [Professional Service, Maintenance & Repair]), By Frequency (Narrowband, Broadband), By Application (Smart Grid, Networking, Long-haul), By Industry Vertical (Residential, Commercial, Industrial [Automotive & Transportation, Energy & Power]), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Power Line Communication Market size exceeded USD 8 billion in 2020 and is anticipated to grow at a CAGR of over 15% from 2021 to 2027.
 

Get more details on this report - Request Free Sample PDF
 

The PLC market growth is attributed to a growing demand for cost-effective energy infrastructure installations globally. Power line communication is an important economical solution that offers the required bandwidth to support or replace alternative communication technologies such as wireless and fiber-optic. The power line itself can be used as the sole communication path between an electric utility’s High Voltage (HV) substations and the control center. The rising demand for home automation solutions to control various in-house parameters is supporting the market expansion.
 

Power Line Communication (PLC) technology is used to transform data over the existing power cables. PLC technology enables the transmission of high-speed data, voice, and video signals over low voltage power lines.
 

The recent COVID-19 outbreak has resulted in a reduction in demand for smart energy meters. For instance, according to Electralink, an IT service management company based in the UK, smart meter installations in the UK reduced by 27% in 2020 compared to 2019. This disruption has negatively impacted the market demand for PLC technology solutions.
 

Growing demand for smart grid infrastructure is supporting the Canada PLC hardware market progression

Get more details on this report - Request Free Sample PDF

In Canada, hardware segment accounted for 50% of the power line communication market share in 2020 led by the rising demand for smart grid infrastructure across the power industry. Government authorities across the globe are making significant investments in smart grid infrastructure. The PLC hardware system is designed to give better stability & reliability of data communication between electric systems and reduces the cost of controlling appliances remotely. PLC hardware consists of a processor, power supply, input/output modules, and a programming device.
 

Narrowband PLC solutions are expected to grow significantly in the UK region

In the UK, narrowband PLC market is poised to witness a 10% growth rate through 2027 on account of its growing adoption across smart grid applications. The increasing popularity of smart energy solutions is another factor supporting the industry demand for narrowband solutions. Microinverters in solar panels use narrowband PLC for smart energy applications. The widespread acceptance of building automation, renewable energy, advanced metering, street lighting, and electric vehicles is another factor supporting the industry growth for narrowband solutions.
 

Smart grid application held a major revenue share in the Germany market

Get more details on this report - Request Free Sample PDF

In Germany, the smart grid application accounted for 40% of the power line communication (PLC) market share in 2020 impelled by the growing deployment of smart grids. A smart grid is an electricity network that allows a collaborative flow of data and electricity. Governments across countries are investing intensively in the development and deployment of smart grids to reduce carbon dioxide emissions. Their deployment enhances the performance of electricity supply by providing real-time monitoring of transmission, distribution, and generation of the network.
 

Growing demand for home automation solutions is driving the China PLC market revenue

In China, the residential segment is predicted to expand at a CAGR of more than 15% by 2027 due to multiple advantages of PLC such as ubiquity of electrical outlets, distribution of multimedia, and high-speed & data transmission capabilities. In addition, the increasing usage of smart homes and home automation solutions across China is set to support the industry expansion. Home networking is becoming a mass-market where leading companies are contributing to multiple innovative high-speed home powerline networking products & services.
 

North America dominated the market in 2020

Get more details on this report - Request Free Sample PDF

North America power line communication market size will reach over USD 7 billion by 2027 owing to the rising demand for power support systems and growing broadband penetration in the region. For instance, according to the International Telecommunication Union (ITU), fixed broadband subscriptions in the U.S. reached the 105.82 million mark in 2020. Surging demand for technological advancements and the rapid proliferation of IoT devices across the power industry in the region are contributing significantly to the industry revenue.
 

Innovative product development is the key market strategy adopted by leading industry players

Some of the companies operating in the industry are AMTEK Ltd., Belkin International, Inc., Devolo AG, D-Link Corporation, Echelon Corporation (Dialog Semiconductor Plc.), General Electric Company, Hitachi Ltd., Hubbell Incorporated, Landis+Gyr AG, Maxim Integrated Products, Inc., Netgear Inc., NXP Semiconductors N.V., Panasonic Corporation, Renesas Electronics Corporation, Schneider Electric SE, Siemens AG, STMicroelectronics N.V., Texas Instruments Incorporated, TP-Link Corporation Limited, and Zyxel Communications Corp. Participants are emphasizing on the development of innovative PLC solutions to gain a competitive advantage in the market.
 

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 2016 to 2027 for the following segments:

Market, By Offering

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

Market, By Frequency

• Narrowband
• Broadband

Market, By Application

• Smart Grid
• Networking
• Long-haul

Market, By Industry Vertical

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

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

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