What factors are driving North America PLC market growth?

North America garnered around 35% of the market share in 2022, owing to the rising investments in smart grid technologies to enhance reliability and reduce operational costs in the region.

What is the narrowband power line communication industry worth?

The narrowband frequency segment crossed USD 6.3 billion in 2022, due to rising application in smart metering to render reliable long-range communication with low data rates.

Why is the demand for PLC hardware rising?

The hardware offering segment was valued at USD 4.8 billion in 2022, attributed to the increased demand for cutting-edge tools to support reliable power line communication networks.

What is the value of the power line communication market?

The market size of power line communication (PLC) reached USD 9.8 billion in 2022 and is set to witness over 14.5% CAGR between 2023 and 2032, led by the surge in innovative hardware launches.

Power Line Communication Market Share

Report ID: GMI2987

Published Date: October 2023

Report Format: PDF

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Power Line Communication (PLC) Market Share

Major companies operating in the power line communication industry are:

Schneider Electric
General Electric
Hitachi Energy Ltd.
Siemens AG
STMicroelectronics
Renesas Electronics Corporation
AMETEK Inc.

Schneider Electric and General Electric are major companies in the power line communication market and hold over 11% of the revenue share in 2022. Schneider Electric specializes in smart grid and energy management solutions, utilizing power line communication for efficient grid management. General Electric, with its industrial expertise, offers power line communication technologies for various applications, particularly in smart grid and industrial automation. Both companies have a global presence, strong research & development capabilities, and a commitment to advancing power line communication technology.

Authors: Preeti Wadhwani,

Frequently Asked Question(FAQ) :

What factors are driving North America PLC market growth?: North America garnered around 35% of the market share in 2022, owing to the rising investments in smart grid technologies to enhance reliability and reduce operational costs in the region.
What is the narrowband power line communication industry worth?: The narrowband frequency segment crossed USD 6.3 billion in 2022, due to rising application in smart metering to render reliable long-range communication with low data rates.
Why is the demand for PLC hardware rising?: The hardware offering segment was valued at USD 4.8 billion in 2022, attributed to the increased demand for cutting-edge tools to support reliable power line communication networks.
What is the value of the power line communication market?: The market size of power line communication (PLC) reached USD 9.8 billion in 2022 and is set to witness over 14.5% CAGR between 2023 and 2032, led by the surge in innovative hardware launches.

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Authors: Preeti Wadhwani,

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Premium Report Details

Base Year: 2022

Companies covered: 20

Tables & Figures: 347

Countries covered: 22

Pages: 250

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Power Line Communication Market Share

Power Line Communication (PLC) Market Share

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