Global Power Line Communication (PLC) Systems Sales Market Report 2023

Power Line Communication Market 

Power Line Communication (PLC) is a communication technology that enables sending data over existing power cables. This means that, with just power cables running to an electronic device (for example) one can both power it up and at the same time control/retrieve data from it in a half-duplex manner.

Due to the COVID-19 pandemic, the global Power Line Communication (PLC) Systems market size is estimated to be worth US$ 7178 million in 2022 and is forecast to a readjusted size of US$ 14650 million by 2029 with a CAGR of 10.6% during the forecast period 2023-2029.

Fully considering the economic change by this health crisis, Narrowband PLC accounting for % of the Power Line Communication (PLC) Systems global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029.

While Commercial segment is altered to an % CAGR throughout this forecast period.

Global Power Line Communication (PLC) Systems key players include ABB, General Electric, Siemens, AMETEK, etc. Global top four manufacturers hold a share over 15%.

Europe is the largest market, with a share over 30%, followed by North America and China, both have a share about 43 percent.

In terms of product, Broadband PLC is the largest segment, with a share over 60%. And in terms of application, the largest application is Smart Grid, followed by Residential, Commercialetc, Automotive, etc.

The global Power Line Communication (PLC) Systems market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Power Line Communication (PLC) Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.

By Type

• Narrowband PLC
• Broadband PLC

By Application

• Commercial
• Residential
• Smart Grid
• Automotive
• Others

By Region

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Other Regions

By Companies

• ABB
• General Electric
• Siemens
• Maxim Integrated
• Devolo
• Cypress Semiconductor
• Microchip
• ST Microelectronics
• Panasonic
• AMETEK
• NETGEAR
• Qualcomm Atheros
• TP-Link Technologies
• Texas Instruments
• Zyxel Communications
• NXP Semiconductor NV
• Renesas Electronics Corporation