The global power line communication is anticipated to grow at a significant CAGR during the forecast period. Power line communications (PLC) is a relatively new telecommunications technology. It’s a type of communication that provides data to be transferred over existing electrical lines. Using the power line as a communication channel is also less cheap than other options since it makes use of existing infrastructure and allows connections to every home linked to the power line network.
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The cost-effectiveness of PLC infrastructure compared to traditional or rival technologies has resulted in increased use of PLC in the residential, commercial, and industrial sectors. As a result of the space efficiency and improved power circulation provided by this technology, the global PLC market is anticipated to increase significantly. Government attempts to promote PLC and smart grids that use PLC is likely to open up attractive commercial prospects.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Offering
o By Frequency
o By Application
o By Vertical
- Competitive Landscape: Cypress Semiconductor, ST Microelectronics, Texas Instruments, Maxim Integrated, Qualcomm Atheros and others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Power Line Communication Market by Segments
By Offering
- Hardware
- Software
- Services
By Frequency
- Narrowband (3 kHz to 500 kHz)
- Broadband (Greater than 500 kHz)
By Application
- Energy Management and Smart Grid
- Indoor Networking
By Vertical
- Residential
- Commercial
- Industrial
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
