Power Line Communication Market Report by Frequency (Narrowband (3 kHz to 500 kHz), Broadband (Greater Than 500 kHz)), Voltage (Low, Medium, High), Offering (Hardware, Software, Services), Modulation Technique (Single Carrier Modulation, Multi Carrier Modulation, Spread Spectrum Modulation, and Others), Application (Energy Management and Smart Grid, Indoor Networking), Vertical (Residential, Commercial, Industrial), and Region 2024-2032

Power Line Communication Market Report by Frequency (Narrowband (3 kHz to 500 kHz), Broadband (Greater Than 500 kHz)), Voltage (Low, Medium, High), Offering (Hardware, Software, Services), Modulation Technique (Single Carrier Modulation, Multi Carrier Modulation, Spread Spectrum Modulation, and Others), Application (Energy Management and Smart Grid, Indoor Networking), Vertical (Residential, Commercial, Industrial), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2015
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Market Overview:

The global power line communication (PLC) market size reached US$ 10.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.0 Billion by 2032, exhibiting a growth rate (CAGR) of 9.2% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 10.2 Billion
Market Forecast in 2032
US$ 23.0 Billion
Market Growth Rate (2024-2032) 9.2%


Power line communication (PLC) refers to a communication technology that is used for the transmission of data over the existing power-grid infrastructure. It acts as a reliable communication and data transmission medium for various Internet of Things (IoT) and smart grid applications. It is primarily used for powering electronic devices and to retrieve/control data through them. There are two kinds of PLC, namely narrowband and broadband. The narrowband PLC works at lower frequencies and lower data rates but has a more extended range. On the other hand, broadband PLC works at higher frequencies and higher data rates but is used in shorter-range applications.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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A significant increase in the establishment of smart grids across the globe is one of the key factors driving the growth of the market. Smart grids involve the integration of renewable energy resources with the electricity supply chain through PLCs. Increasing utilization of these solutions for communicating with devices at remote locations is also providing a boost to the market growth. With the extension of the electricity distribution network, there has been a substantial increase in the adoption of PLC technology to cater to a broader geographical area. In line with this, the growing utilization of these solutions for lighting control applications in both rural and urban areas is acting as another growth-inducing factor. PLC solutions are widely used for both indoor and outdoor lightings, such as on streets, roadways, tunnels, parking, parks and other commercial and industrial complexes. Other factors, including the increasing investments in renewable energy facilities, along with rising government investments in the deployment of smart grids, extensive research and development (R&D) in the power sector and hyper-urbanization across the globe, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global power line communication market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on frequency, voltage, offering, modulation technique, application and vertical.

Breakup by Frequency:

  • Narrowband (3 kHz to 500 kHz)
  • Broadband (Greater Than 500 kHz)
     

Breakup by Voltage:

  • Low 
  • Medium
  • High
     

Breakup by Offering:

  • Hardware
  • Software
  • Services
     

Breakup by Modulation Technique:

  • Single Carrier Modulation
  • Multi Carrier Modulation
  • Spread Spectrum Modulation
  • Others
     

Breakup by Application:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Energy Management and Smart Grid
  • Indoor Networking
     

Breakup by Vertical:

  • Residential
  • Commercial
  • Industrial 
     

Breakup by Region:

 

 
 

 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being ABB, AMETEK Inc., Belkin, Broadcom Inc., Cypress Semiconductor, D-Link Corporation, General Electric, Hubbell Power Systems Inc., Landis+Gyr, Maxim Integrated, Netgear, Schneider Electric, Siemens, TP-Link Technologies, Zyxel Communications, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Frequency, Voltage, Offering, Modulation Technique, Application, Vertical, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB, AMETEK Inc., Belkin, Broadcom Inc., Cypress Semiconductor, D-Link Corporation, General Electric, Hubbell Power Systems Inc., Landis+Gyr, Maxim Integrated, Netgear, Schneider Electric, Siemens, TP-Link Technologies and Zyxel Communications, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global Power Line Communication (PLC) market was valued at US$ 10.2 Billion in 2023.

We expect the global Power Line Communication (PLC) market to exhibit a CAGR of 9.2% during 2024-2032.

The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment for PLC technologies to communicate with devices at remote locations, during the lockdown scenario.

The rising demand for Power Line Communication (PLC) technology for reliable communication and data transmission medium for numerous IoT and smart grid applications, is primarily driving the global Power Line Communication (PLC) market.

Based on the frequency, the global Power Line Communication (PLC) market can be categorized into narrowband (3 kHz to 500 kHz) and broadband (greater than 500 kHz). Currently, narrowband (3 kHz to 500 kHz) accounts for the majority of the total market share.

Based on the application, the global Power Line Communication (PLC) market has been segregated into energy management and smart grid and indoor networking, where energy management and smart grid holds the largest market share.

Based on the vertical, the global Power Line Communication (PLC) market can be bifurcated into residential, commercial, and industrial. Currently, the commercial industry exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global Power Line Communication (PLC) market include ABB, AMETEK Inc., Belkin, Broadcom Inc., Cypress Semiconductor, D-Link Corporation, General Electric, Hubbell Power Systems Inc., Landis+Gyr, Maxim Integrated, Netgear, Schneider Electric, Siemens, TP-Link Technologies, Zyxel Communications, etc.

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Power Line Communication Market Report by Frequency (Narrowband (3 kHz to 500 kHz), Broadband (Greater Than 500 kHz)), Voltage (Low, Medium, High), Offering (Hardware, Software, Services), Modulation Technique (Single Carrier Modulation, Multi Carrier Modulation, Spread Spectrum Modulation, and Others), Application (Energy Management and Smart Grid, Indoor Networking), Vertical (Residential, Commercial, Industrial), and Region 2024-2032
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