Power Line Communication (PLC) Systems Market Growth Rate, Share, Size, Forecast 2021-2030

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Global Power line communication (PLC) systems market was estimated to be USD 7,398.5 million in 2020 with volume to be around 1,20,517 Thousand Units and is forecasted to grow at a CAGR of 9.80% during the forecast period of, 2021 – 2030.

Power Line Communication (PLC) Systems Market Insights

Global Power line communication (PLC) systems market was estimated to be USD 7,398.5 million in 2020 with volume to be around 1,20,517 Thousand Units and is forecasted to grow at a CAGR of 9.80% during the forecast period of, 2021 – 2030.

Power line communication (PLC) systems are communication systems that use existing power lines to transmit data and communication signals.

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Applications of Power Line Communication (PLC) Systems:

Power line communication (PLC) systems are widely used in the smart grid industry, which includes smart metering, advanced metering infrastructure (AMI), and home automation systems. These systems enable utilities to monitor and control the consumption of electricity, water, and gas in real-time, resulting in improved energy efficiency and cost savings. Additionally, they are used in applications such as broadband internet access, indoor and outdoor lighting, and electric vehicle charging.

Market Segmentation:

The power line communication (PLC) systems market can be segmented based on type, application, and region. Based on type, the market can be segmented into narrowband PLC, broadband PLC, and hybrid PLC. By application, the market can be segmented into smart grid, home automation, indoor lighting, outdoor lighting, and others. By region, the market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

By Type :
Broadband PLC, Narrowband PLC

By Solution:
PLC over AC Lines, PLC over DC Lines

By Application:
Smart Meter, Microinverter, EV and EV Charger, Virtual Power Plant, Home Appliance, Lighting, Doorbell Connecting Systems, TV, Robotics, Network Devices

By End-User:
Industrial, Residential, Commercial

By SoC Solution :
PHY, MAC, MCU

Regional Outlook:

North America: The North American power line communication (PLC) systems market is expected to grow significantly due to the increasing adoption of smart grid technology and the development of advanced metering infrastructure in the region.

Europe: The European market for power line communication (PLC) systems is also expected to witness significant growth due to the increasing adoption of smart grid technology and the growth of the renewable energy sector in the region.

Asia-Pacific: The Asia-Pacific region is expected to witness the highest growth in the power line communication (PLC) systems market due to the increasing demand for smart grid technology and the growth of the industrial automation and building automation sectors in the region.

In conclusion, the power line communication systems market size is a rapidly growing industry, driven by the increasing adoption of smart grid technology and the growth of the renewable energy, industrial automation, and building automation sectors. The market is segmented based on type, application, and region, and different regions are expected to witness significant growth in the coming years. Power line communication (PLC) systems have a wide range of applications across various industries, and their adoption is expected to increase significantly in the coming years.

The study provides answers to the following key questions:                                                                                                                                                        

  • What type of customers buying the products and services from companies operating in the Power Line Communication (PLC) Systems Market?
  • What will be the roadmap for the product manufacturers operating in the Power Line Communication (PLC) Systems Market for the forecast period, 2021-2030?
  • What are the recent developments in the competitive landscape to look out for during the estimated period?
  • What are the major trends influencing customers’ lives and their buying behaviour?
  • How can brands best communicate with the customers they intend to target?
  • When, where and how the customers want to use or consume the products or services?

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