+1-888-308-5802     
News Contact Us

Power line communication market: Advanced Technologies & Growth Opportunities Worldwide By 2024

Author : Ronak Bora | Published Date : 2019-06-03 

Global Market Insights adds global Power line communication market report which focuses on the major drivers and restraints for the key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Request for an in-depth table of contents for this report @

https://www.gminsights.com/request-toc/upcoming/2987

North America holds a majority share in the power line communication 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.

Europe is a lucrative region for the power line communication 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 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 power line communication 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 power line communication 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.

Make an inquiry for purchasing this report @

https://www.gminsights.com/inquiry-before-buying/2987

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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  1. Siemens
  2. NETGEAR
  3. ABB
  4. AMETEK
  5. Schneider Electric
  6. General Electric
  7. Hubbell Power Systems
  8. TP-Link Technologies
  9. D-Link
  10. Devolo
  11. Extollo Communications
  12. Asustek Computer

The key players operating in the power line communication 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.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Bitumen Market will experience considerable growth up to 2025

Published Date: 2019-11-13         Author: Ronak Bora

Global Market Insights has recently published a study titled ‘Global Bitumen Market Research Report’. in this report, analysts have provided a detailed evaluation of the global Bitumen market. the report is inclusive of a completely comprehensive study of the Bitumen market alongside all... Read More

Fluorspar Market Growth Between 2019 to 2024 - By Type, Raw Material, Application, Companies, Region-Forecasts

Published Date: 2019-11-13         Author: Ronak Bora

Global Market Insights has recently published a study titled ‘Global Fluorspar Market Research Report’. in this report, analysts have provided a detailed evaluation of the global fluorspar market. the report is inclusive of a completely comprehensive study of the fluorspar market alongsi... Read More

Phosphate Rock Market: What are the main applications and challenges?

Published Date: 2019-11-12         Author: Ronak Bora

The research study on ‘Modest recovery in Global Phosphate Rock Market’ is inclusive of a detailed summary of this industry. A highly focused approach on the subjective research has been undertaken, with the description of product scope and elaborate industry insights and outlook until 2... Read More

© 2019 Fractovia. All Rights Reserved