Home > Semiconductors & Electronics > Telecom and Networking > Communication > Power Line Communication (PLC) Market
Power Line Communication (PLC) Market Size
- Report ID: GMI2987
- Published Date: Oct 2023
- Report Format: PDF
Power Line Communication (PLC) Market Size
Power Line Communication Market size was valued at USD 9.8 billion in 2022 and is estimated to register a CAGR of over 14.5% between 2023 and 2032, propelled by innovative hardware launches. Such innovations cater to the expanding EV infrastructure, promoting efficient and reliable communication solutions in the market. For instance, in May 2022, Qualcomm Technologies, Inc. launched QCA7006AQ, a modern Power Line Communication (PLC) device designed to meet the increasing demand for Electric Vehicle (EV) charging station communications. This device complies with the Home Plug Green PHY (HPGP) specification, a leading standard for implementing Vehicle-to-Grid (V2G) systems.
Smart metering is driving the power line communication market growth. Smart meters enable two-way communication between utility companies and consumers through the existing power lines. This facilitates real-time data collection, remote monitoring, and control of energy consumption. For instance, in March 2023, Tata Power and Enel Group partnered on two pilot projects for India's distribution network, involving smart metering and digitalization/automation. Tata Power Delhi Distribution Ltd. (TPDDL) will work with Enel Group's Gridspertise to implement these projects. These initiatives promote the adoption of advanced technologies and solutions, potentially leading to an increased demand for communication infrastructure to support grid digitalization and automation in the future.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Power Line Communication Market Size in 2022: | USD 9.8 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 14.5% |
| 2032 Value Projection: | USD 38 Billion |
| Historical Data for: | 2018 - 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 347 |
| Segments covered: | Offering, Frequency, Application, Industry Vertical |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Interference and radio static present significant challenges in the power line communication market. Power lines can be susceptible to electromagnetic interference, which disrupts signal transmission and reduces reliability. Radio static from nearby electronic devices can also hinder the quality of data communication. Overcoming these challenges often requires advanced filtering and modulation techniques to ensure a stable & interference-free power line communication network, making it crucial to maintain signal integrity in this market.
Frequently Asked Questions (FAQ) :
Power Line Communication Market Scope
