Power Line Communication (PLC) Market is growing at a CAGR of 19.3% & to reach $7,101.6 Million by 2018 - New Report by MarketsandMarkets
Mar 25, 2013 (PRWeb.com via COMTEX) --
According to a new market research report, Power Line Communication Market (By Technologies, Narrow-band & Broadband, Applications-Smart Grid, In-Door Networking, Long Haul & M2m, Verticals-Industrial, Residential & Commercial & Geography)-Global Assessment & Forecast-(2013-2018), published by MarketsandMarkets, the total market is expected to reach $7,101.6 million by 2018, at a CAGR of 19.3%.
135 Market Data Tables
350 Pages and an in-depth Table of Content on Power Line Communication (PLC System) Market.
Early buyers will receive 10% customization on this report.
For many years, Power Line Communication (PLC) System has been built to communicate low bandwidth analog and digital information over residential, commercial, and high voltage power line. Power line has been considered for the transmission of electricity in the past as well. However, with the emergence of modern networking technologies including broadband, there is a more than ever need for utility and service providers to discover solutions that are able to deliver the services to the consumers at minimum cost and maxium performance. With the advent of smart grid and need for substation automation, the potential of power line as a powerful medium to be able to deliver not only electricity or control signals, but even full duplex high speed data and multimedia content are being explored now.
This report describes the market trends, drivers, and challenges of the PLC market and forecasts the market to 2017, based on applications, technology, equipment, and geography. This report covers geographies like the Americas, Europe, Asia Pacific, and ROW (Rest of the World).
Some of companies involved in PLC market are Echelon Corporation (U.S.), Cypress Semiconductor Corporation (U.S.), Marvell Technology Group (Bermuda), Maxim Integrated (U.S.), Qualcomm Atheros, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Yitran Communications (Israel), Amperion Inc. (U.S.), D-Link (Taiwan), Power Plus Communications AG (Germany) etc.
The global PLC system revenue market is expected to grow from $2.94 billion in 2013 to $7.10 billion in 2018 at a CAGR of 19.3%. In terms of revenue, the broadband market is larger than the narrow-band market with a split of 60-40 favoring broadband in 2012. The global PLC unit shipment market is expected to grow from 38.90 million units in 2013 to 417.16 million units in 2018 at a CAGR of 60.7%. The N-PLC shipment market is larger than that of B-PLC.
PLC is being used in a host of emerging and existing applications, including smart grid, home automation, vehicle automation, broadband over power line, M2M communications, etc. One of the major uses of PLC is in smart grid where it is used in automatic meter reading (AMR) and automatic meter management (AMM), building automation, security, electric vehicle charging, in micro-inverters for alternative sources of energy, temperature and lighting. The major application of Power Line Communications (PLC) is in smart grid. It is expected to hold around 75% of market in 2012. Besides, it is expected to grow at a CAGR of 18.8% from 2013 to 2018.
This report also segments the global PLC market by geography considering four segments such as the Americas, Europe, Asia-Pacific, and Rest of the World (ROW). The PLC market is highly geography specific, with Europe leading the pack due to its early acceptance of the PLC technology. U.S. is the biggest market in the Americas and its major revenue is from B-PLC applications like in-home networking and control. Asia Pacific is an emerging market for PLC. China and Japan are the fastest growing regions in Asia Pacific, with expected CAGR of 23.0% and 22.9% respectively from 2013 to 2018.
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MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
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