By Offering (Hardware, Software [Data Acquisition & Management, Energy Management], Services [Consulting, Training & Development, Maintenance & Repair]), By Frequency (Narrowband, Broadband), By Vertical (Residential, Industrial, Commercial), By Application (Energy Management & Smart Grid [Substation Communication, Advanced Metering, Micro Inverter Monitoring, Vehicle Communication & Electric Vehicle Charging, Lighting Control], Indoor Networking), By Modulation Technique (Single Carrier Modulation, Multi Carrier Modulation, Spread Spectrum Modulation), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), End-Use Landscape, Vendor Landscape and Market Share & Competitor Analysis
Power Line Communication Market Insights
The global power line communication market is expected to grow at a significant CAGR over the forecast period due to its rising application in smart grid communication. This growth can be further attributed to rising demand for broadband power line communication devices in indoor networking application.
Moreover, the rise in demand for a faster data transfer rate with minimal power loss and higher efficiency is also expected to drive the demand in the global market. However, the profitability of this industry is affected by high noise generation on power lines which is projected to affect the data transmission quality.
Power Line Communication Market: Offering Insights
On the basis of offering, the market is segmented into hardware, software and services. While the software segment is divided into data acquisition & management and energy management, the service segment is divided into consulting, training & development and maintenance & repair.
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Power Line Communication Market: Frequency Insights
By frequency, the industry is segmented into narrowband and broadband. The narrowband segment is anticipated to register a significant growth rate over the forecast period on account of factors such as longer range, low data rates and low frequencies. Moreover, the rising application of narrowband in substation communication and advanced metering is projected to stimulate market growth.
Power Line Communication Market: Vertical Insights
On the basis of vertical, the market can be segmented into residential, industrial and commercial sectors. The industrial segment is anticipated to record highest CAGR over the forecast period owing to the rising adoption of power line communication technology based products such as substation communication and advanced metering by industries around the globe.
Power Line Communication Market: Application/ Modulation Technique Insights
Power Line Communication Market finds its application in Energy Management & Smart Grid and Indoor Networking. The energy management & smart grid segment is anticipated to occupy the highest share over the years due to increasing application of lighting control, micro inverter monitoring and vehicle communication & electric vehicle charging. Moreover, the rising trend of application of substation communication and advanced metering is also anticipated to stimulate market growth.
The market is segmented into single carrier modulation, multi carrier modulation, and spread spectrum modulation, based on modulation technique.
Power Line Communication Market: Regional Insights
Europe occupied the largest market share since the past few years due to large-scale adoption of the product in this region for application in advanced metering. Moreover, the rising number of smart grid projects coupled with the advancement of the industrial sector is projected to foster growth in this region.
Asia Pacific is also expected to emerge as a key revenue generating region. This can be associated with the increasing adoption of advanced technologies and rise in power transmission in this region. Demand is expected to arise from China, India, Japan and South Korea on account of the growing industrial sector especially consumer electronics in these regions.
Power Line Communication Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to power line communication over the coming years. Some leading consumers of this market are Samsung Electronics, AT&T, Microsoft, IBM and Verizon.
Power Line Communication Market: Market Share & Competitor Analysis
The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. The key players include General Electric (The U.S.), Siemens (Germany), Landis+Gyr (Switzerland), NETGEAR (The U.S.), Belkin International (The U.S.), ABB (Switzerland), TP-Link Technologies (China), AMETEK (The U.S.), Schneider Electric (France), Devolo (Germany), Hubbell Power Systems (The U.S.), D-Link (Taiwan), and Zyxel Communications (Taiwan).
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