Power Line Communication market share research by applications and regions for 2018-2024

1
Power Line Communication (PLC) market share
research by applications and regions for
2018-2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of Power Line Communication (PLC) Market

• North America holds a majority share in the PLC
  market. This market growth is credited to the
  high adoption of the smart home and home
  automation solutions in the region. The installed
  base of the smart home and home automation
  solutions was estimated to be more than 10
  million in the year 2015 and the number is
  estimated to double by the year 2020.
  Furthermore, the increasing penetration of smart
  grid solutions in the region also drives the
  demand for PLC solutions.
• Power Line Communication Market size is
  anticipated to grow exponentially over the
  forecast years led by growing deployment of smart
  grids. Smart grids have emerged as a major
  technological advancement after the invention of
  the internet. Governments across the countries
  are investing intensively for the development and
  deployment of the smart grid to reduce carbon
  dioxide emissions. This enhances the performance
  of the electricity supply by providing real-time
  monitoring of the transmission, distribution, and
  generation of the network. Furthermore, its
  ability to render the utilization of the base
  load power plants and electricity transport
  infrastructure more efficiently drives the PLC
  market.

3
Continue

• The PLC technology enables the transmission of
  the data over the power line, leveraging on the
  existing wiring infrastructure. Its
  cost-effectiveness, reliability, and high
  performance in multiple domains across different
  verticals are the primary factors driving its
  adoption in the market.
• The growing adoption of the smart home and home
  automation solution across the countries is also
  propelling the market growth. The incorporation
  of artificial intelligence in the home automation
  solutions is the primary factor driving its
  adoption in the market. The development of the
  advanced, smaller, and low-cost sensors
  actuators that gather information in real-time
  also promotes the development of home automation
  solutions.
• The PLC market is characterized into narrowband
  and broadband PLC based on data transfer rates
  over the powerline. Narrowband PLC is estimated
  to grow significantly during the forecast period
  due to the technological advancements and the
  rapid proliferation of IoT devices across the
  industry sector. Moreover, the advancements in
  the technology have paved the way for the use of
  PLC in the narrowband space.

4

Browse Full Research Report On Power Line
Communication (PLC) Market _at_ https//bit.ly/2LsV3w
Q Request for an in-depth table of contents
for this report _at_ https//bit.ly/2A5qCbV
.com/request-toc/upcoming/1797
5
Continue

• The technology has been used in a wide variety of
  applications including industrial, commercial,
  and residential. The industrial sector accounts
  for a majority share in the PLC market due to the
  extensive adoption of the PLC solutions in the
  consumer electronics, automotive, transportation,
  and railroad applications. The residential sector
  is estimated to grow significantly during the
  forecast period due to the growing application of
  the technology in home automation, smart grid,
  and home utility applications.
• Europe is a lucrative region for the PLC market.
  The increasing adoption of the smart grid
  solutions and the increasing investments in the
  deployment of smart meters across the region will
  augment the market growth. Furthermore,
  supportive government initiatives for
  accelerating the adoption of the smart meters
  also drive the market. For instance, the European
  Union is aiming at replacing more than 80 of the
  energy meters with the smart meters by 2020.
• The key players operating in the PLC market are
  Siemens, NETGEAR, ABB, AMETEK, Schneider
  Electric, General Electric, Hubbell Power
  Systems, TP-Link Technologies, D-Link, Devolo,
  Zyxel Communications, Belkin International, NYX
  Hemera Technologies, Extollo Communications, and
  Asustek Computer.

6
Methodology

• Market
  research reports Key analytical components

7
Stay In Touch Website www.gminsights.com Soci
al Media