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The global Power Line Communication Market Size is expected to attain a market size of $13.6billion by 2022, rising at a CAGR of 18.0% during the forecast period.
PLC system is a process of transmitting both data and electrical power, over the same power cable. The system employs existing electrical cabling as network cables, allowing them to carry data signals. The PLC system is an effective method of extending an existing network without adding new cables to new areas. A PLC system has numerous benefits over a wireless connection; nevertheless, the quality of the connection solely depends on the quality of the local electrical system. A wide range of PLC technologies have been used in various applications such as smart home automation to Internet access, which is often called as power over Ethernet (PoE). Broadband connectivity has given rise to the demand for sending digital voice, video, and Internet data.
The ever increasing demand for higher efficiency, faster data transfer rate, and minimal power loss are major factors driving the PLC market growth. Additionally, growing need for power management technologies would also present excellent opportunities globally. Broadband PLC is the leading segment within the global PLC market, and stay as a leading market segment during the forecast period. Narrowband PLC segment on the other hand would register significant growth during the forecast period, as this transistor is compact and cost-effective. Based on the component type, the Power Line Communication (PLC) Systems market is segmented into Transmitters & Receivers, Coupling Capacitor, Line Trap Unit, Line Tuners and Others. Based on the Type, the market is segmented into Narrowband PLC and Broadband PLC. Based on Solution Type, the market is segmented into PLC over AC Lines and PLC over DC Lines. The Applications covered under the report includes Commercial, Residential, Power Distribution, Oil & Gas, Telecommunication, Automotive and Others. Based on region, Power Line Communication (PLC) market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. Europe remained the dominant region in the global Power Line Communication (PLC) market in 2015. Asia-Pacific would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Power Line Communication (PLC) market. Key companies profiled in the report include Cypress Semiconductor Corporation, NXP Semiconductors N.V., Texas Instruments Incorporated, STMicroelectronics N.V., Broadcom Limited, Maxim Integrated., Qualcomm Atheros Inc., Microchip Technology Inc. and Echelon Corporation.