Industry Background:
Power line communication (PLC), a broadband access technology which enables data exchange by using low and medium voltage electricity grid. This technology allow users to control or retrieve data in a half-duplex manner. Increasing concerns regarding distribution issue and additional expenditure for setting up a data communication network have enforced numerous organisations to invest in improving the infrastructure of data network technology globally.According to AMA, the market for Power Line Communication (PLC) is expected to register a CAGR of 7.91% during the forecast period to 2026. This growth is primarily driven by Increasing Demand for Cost-Effective Installation, Enabling Wide Coverage By Using the Existing Electricity Distribution Network and Growing Penetration of Broadband Power Line Communication Devices in Indoor Networking Applications.
Globally, a noticeable market trend is evident Growing Deployment of Smart Grids Globally. Major Players, such as Siemens (Germany), Netgear (United States), ABB (Switzerland), Ametek (United States), Schneider Electric (France), General Electric (United States), TP-Link Technologies (China), D-Link (Taiwan), Landis+Gyr (Switzerland), Nyx Hemera Technologies (Canada), Belkin International (United States), Billion Electric (Taiwan), Devolo (Germany), Hubbell Power Systems (United States), Corinex Communications (Canada), TRENDnet (United States), Zyxel Communications (Taiwan), Extollo Communications (United States) and ASUSTeK Computer (Taiwan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
Europe is a very active market for PLC equipment. The regulation and market access principles for PLC devices as telecommunication equipment. Under this framework, European harmonized standards are an accepted approach for product compliance test. An important such standard is the European Norm (EN) 50065, a complete version of which was first issued by CENELEC.
Market Drivers
- Increasing Demand for Cost-Effective Installation
- Enabling Wide Coverage By Using the Existing Electricity Distribution Network
- Growing Penetration of Broadband Power Line Communication Devices in Indoor Networking Applications
Market Trend
- Growing Deployment of Smart Grids Globally
Restraints
- High Noise Generation on Power Lines Limiting the Data Transmission Quality
- Adverse Effect of Signal Attenuation in PLC
Opportunities
Growing Internet Penetration in Developing Nations Globally and Increasing Use of Power Line Communication Technology for Lighting Control Applications
Challenges
Availability of Various Substitute Technologies and High Dependency of User For Power and Data Over the Same Line Increases the Centralized Risk Factor
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Power Line Communication (PLC) Study Sheds Light on
— The Power Line Communication (PLC) Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Power Line Communication (PLC) industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Power Line Communication (PLC) industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.