Global Power Line Communication (PLC) Systems Market Outlook
Growing deployment of smart grids, and the emerging use of bidirectional communication technology in power lines is surging the growth of the global power line communication systems market. As per our recent business intelligence report, the global power line communication systems market size was approximately $6.0 billion to $6.5 billion as of 2018, and the market demand is projected to increment at a robust CAGR of 12% to 15% over the forecast period of 2019 to 2025.
PLC is a technology which is used for the transmission of data through electric power transmission cables. PLC systems are widely preferred over wireless and home networking technologies because of their attributes which includes easy installation, availability of alternate current outlets, higher throughput, security, and low cost. These systems are used for the delivery of xDSL and broadband internet services along with the electricity to the consumers.
PLC is an optimal solution for smart grid (SG) applications. PLC systems deployed in the smart grids are used to provide two way communication in the grids. With the integration of sensors, meters and actuators in the grid, the signaling takes place over a narrow frequency band (NB), which is based on low data rate techniques. In smart metering and home energy management systems, both broadband and narrowband standards of PLC systems are largely deployed which in turn growing the demand for smart grids in PLC system market.
Europe holds the largest share of the Power Line Communication Systems Market According to IndustryARC market analysis, Europe held the largest demand share of more than 28% to 32% of the overall demand as of 2018. The use of broadband power line communication systems such as last mile systems in Europe is more developed than the other regions. Application-wise, industries are the key in the PLC systems market, and the demand for this segment is projected to increment at a CAGR of about 8% to 10% over the forecast period of 2019-2025.
To monitor and control production processes and building systems, they are used in industries. PLC is commonly used in civil applications which includes washing machines and for controlling traffic signals and elevators. The increasing demand for broadband power line communication devices in the indoor networking application is also driving growth for the PLC systems market. However, electric noise generation is a major concern that affects the PLC performance coupled with various restrictions on frequency bands limit data rates acting as a restraint to its large scale adoption.
Power Line Communication (PLC) Systems Market: Competitive Landscape
Some of the major players operating in the power line communication systems market are Broadcom Corporation, Maxim Integrated, Cypress Semiconductor, STMicroelectronics, Microchip, Texas Instruments, Echelon Corporation, Megachips Corp, Qualcomm, and NXP Semiconductors.
Texas Instruments –
- Texas Instruments is a global semiconductor design and manufacturing company with 80000+ analog ICs, embedded processors, software, and largest sales or support staff.
- Texas offers various kinds of power line communication winning products such as TMS320F28069, AFE031, TPS3828-33, and TPS62240. These products provide the elasticity of a single hardware and software design that can support multiple standards in a single global platform.
- Its AFE031 is an integrated, low cost, power line communication product which supports analog front end device. It is used in various applications such as eMetering, lighting, solar, and pilot wire.
Power line communication (PLC) is a technology which is used for the transmission of data through electric power transmission cables. Growing deployment of smart grids is foreseen to create new revenue avenues for the players operating in the power line communication systems market during the forecast period 2019 to 2025.
Power Line Communication Market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the PLC market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The power line communication market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- Middle East and Africa: Israel, South Africa, Saudi Arabia