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The global Power Line Communication (PLC) market was valued at US$ 8.2 Billion in 2021.
We expect the global Power Line Communication (PLC) market to exhibit a CAGR of 10.8% during 2022-2027.
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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