Power and communication line market is estimated to grow at a CAGR of 8.4% during the forecast period. The surging demand for broadband devices and increasing deployment of smart grids are likely to propel the demand for power and communication lines. Active government initiatives to encourage power line communication and smart grids utilizing power line communication are anticipated to drive market growth. For instance, according to Energy.Gov., a total of up to $3 billion was invested in the smart grid grant program for 2022-2026. Moreover, in November 2022, Global Development Organization (GDO) released a Funding Opportunity Announcement for the Grid Resilience and Innovation Partnerships (GRIP) Program, including the Smart Grid Grants.
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In addition, the companies operating in the global market are deploying power and communication lines to provide better coverage and network stability, and to supports long-distance communication of up to 2km, which can be useful in office buildings and smart cities. For instance, Panasonic’s power and communication solution has been installed on the smart streetlights in Heringsdorf, Northern Germany. Power and communication lines significantly lower power consumption relative to wireless communication helps reduce CO2 emissions, and reduced the need for energy and cable materials also translates to reduced costs.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Power and Communication Line Market Report Segment
By Frequency
- Narrowband(3 khz to 500 khz)
- Broadband (greater than 500 khz)
By Modulation
- Single Carrier Modulation
- Multi Carrier Modulation
- Spread Spectrum Modulation
By Application
- Home Automation Systems
- Pollution Sensors, and Noise Detectors
- Advertising Backlit Panels
- Solar Applications
- Others (traffic density sensors, energy)
Global Power and Communication Line Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global power and communication line market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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