By 2022 and 2032, the market for power line communication systems is projected to be worth US$ 11.5 billion and US$ 17.3 billion, respectively. It is predicted to have extraordinary growth between 2022 and 2032, with a CAGR of 8.4%. In the coming years, the need for power line communication systems is projected to increase due to the increasing adoption of broadband devices and the rapid deployment of smart grids.
Power line communication systems, which provide the necessary bandwidth to replace or support alternative communication technologies like fiber-optic and wireless, are seen as a significant, cost-effective solution. The power line can be effectively employed as the only channel of communication between an electric utility’s High Voltage (HV) substations and control centre.
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Market Competition
Some of the leading companies operating in the global power line communication systems market include
- Hubbell Power Systems Inc.,
- Siemens AG,
- Belkin International, Inc.,
- Netgear Inc.,
- Zyxel Communications Corp.,
- AMETEK, Inc.,
- General Electric,
- ABB,
- D-Link Corporation,
- Schneider Electric SE,
- devolo AG,
- TP-Link Technologies, and
- Landis+Gyr among others.
Majority of the leading companies in the global market are increasingly focusing on the development of state-of-the-art power line communication systems to gain a competitive edge. Some of the other key players are striving to broaden their product portfolios and geographic presence by setting up new manufacturing facilities in untapped areas.
Which are Some Prominent Drivers Spearheading Power Line Communication Systems Market Growth?
The ability of power line communication systems to provide wide coverage and cost-effective solutions is anticipated to drive the market. Most of the devices receiving power through these lines can be easily monitored and controlled. These systems utilize the existing electricity distribution network for communication purposes.
The surging demand for relatively low cost energy infrastructure installations is expected to boost the power line communication systems market growth in the near future. These are also used to transform data over the pre-existing power cables. This system enables the transmission of high-speed video signals, voice, and data over low voltage power lines.
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What problems does the market for power line communication systems face?
The majority of companies that offer power line communication systems compete fiercely with those who offer wireless or wired communication technology. One significant reason that could prevent the sales of power line communication systems during the review phase is the great demand for fiber-optic networks that can be used for smart grid communication and do not require power lines.
Furthermore, the choice of communication technology is greatly influenced by a variety of elements, including infrastructure, application, and resource availability. Other aspects to take into account when choosing a data transmission technology include frequency spectrum for wireless technologies, length and quality of power cables, and the availability of fiber-optic cables. The needs of consumers also matter.
Key Segments Profiled in the Power Line Communication Systems Industry Survey
By Component:
- Hardware
- Software
- Services
By Frequency:
- Narrowband (3kHz to 500 kHz)
- Broadband (Greater than 500 kHz)
By Application:
- Energy Management and Smart Grids
- Indoor Networking
By End Use:
- Residential
- Commercial
- Industrial
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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