Brief Insight | Power Line Communication Market | 9.45 Billion USD by 2023


Posted March 16, 2018 by poojapatange

Power Line Communication Market by Offering (Hardware, Software, and Services), Frequency (Narrowband, and Broadband), Application (Energy Management and Smart Grid, and Indoor Networking), Vertical, and Geography - Global Forecast to 2023

 
The power line communication market was valued at USD 4.97 Billion in 2016 and is estimated to reach USD 9.45 Billion by 2023, at a CAGR of 9.53% during the forecast period. The base year considered for this study is 2016, and the forecast period considered is between 2017 and 2023.

The objectives of the study are as follows:

Define, describe, and forecast the overall power line communication market in terms of value
Define, describe, and forecast the power line communication market segmented on the basis of offering, frequency, application, vertical, and geography
Forecast the size of the power line communication market, in terms of value, for various segments with respect to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
Describe the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the power line communication market and its submarkets
Analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall power line communication market
Analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the power line communication market
Identify the key players operating in the power line communication market and comprehensively analyze their market ranking and core competencies
Analyze strategic developments such as product launches, partnerships, expansions, and contracts in the power line communication market

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The power line communication ecosystem comprises power line communication technology-based products and its component vendors. Siemens (Germany), NETGEAR (US), ABB (Switzerland), General Electric (US), Hubbell Power Systems (US), TP-Link Technologies (China), D-Link (Taiwan), Landis+Gyr (Switzerland), and Corinex Communications (Canada) are some of the vendors that sell these products and solutions to end users according to their unique requirements. The end users include players from the industrial, commercial, and residential verticals.

Report Scope:

In this report, the power line communication market has been segmented into the following categories:

Power Line Communication Market, by Offering:

Hardware
Software
Services

Power Line Communication Market, by Frequency:

Narrowband (3 kHz to 500 kHz)
Broadband (Greater than 500 kHz)

Power Line Communication Market, by Application:

Energy Management and Smart Grid
Indoor Networking

Power Line Communication Market, by Vertical:

Residential
Commercial
Industrial

Power Line Communication Market, by Geography:

North America (US, Canada, and Mexico)
Europe (Italy, Spain, UK, Germany, France, and Rest of Europe)
Asia Pacific (China, Japan, South Korea, India, and Rest of APAC)
Rest of the World (South America, and the Middle East and Africa)

Narrowband segment held largest share of the market in 2016

Based on frequency, the narrowband segment leads the power line communication market. The dominant position of this segment can be attributed to the high demand for narrowband power line communication technology-based products from the energy management and smart grid application.

Energy management and smart grid application to dominate the market during forecast period

Based on application, the energy management and smart grid application is currently leading and is expected to dominate the market during the forecast period. Substation communication and advanced metering were the main application areas that held a significant share of the power line communication market for the energy management and smart grid application in 2016.

Market for commercial vertical likely to grow at highest CAGR during forecast period

Based on vertical, the commercial vertical is expected to witness the highest growth in the power line communication market during the forecast period. The increasing penetration of power line communication technology-based products for building automation, especially for the lighting control application, is one of the major factors fueling the growth of the said market.

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Issued By Puja
Country United States
Categories Electronics , Technology , Telecom
Tags electrical grid , networking , plc , power line communication , smart grid , telecommunication
Last Updated March 16, 2018