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Power Line Communication (PLC) Market Size

Report ID: GMI2987
Published Date: Oct 2023
Report Format: PDF

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Power Line Communication (PLC) Market Size

Power Line Communication Market size was valued at USD 9.8 billion in 2022 and is estimated to register a CAGR of over 14.5% between 2023 and 2032, propelled by innovative hardware launches. Such innovations cater to the expanding EV infrastructure, promoting efficient and reliable communication solutions in the market. For instance, in May 2022, Qualcomm Technologies, Inc. launched QCA7006AQ, a modern Power Line Communication (PLC) device designed to meet the increasing demand for Electric Vehicle (EV) charging station communications. This device complies with the Home Plug Green PHY (HPGP) specification, a leading standard for implementing Vehicle-to-Grid (V2G) systems.

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Smart metering is driving the power line communication market growth. Smart meters enable two-way communication between utility companies and consumers through the existing power lines. This facilitates real-time data collection, remote monitoring, and control of energy consumption. For instance, in March 2023, Tata Power and Enel Group partnered on two pilot projects for India's distribution network, involving smart metering and digitalization/automation. Tata Power Delhi Distribution Ltd. (TPDDL) will work with Enel Group's Gridspertise to implement these projects. These initiatives promote the adoption of advanced technologies and solutions, potentially leading to an increased demand for communication infrastructure to support grid digitalization and automation in the future.

Power Line Communication Market Report Attributes
Report Attribute	Details
Base Year:	2022
Power Line Communication Market Size in 2022:	USD 9.8 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	14.5%
2032 Value Projection:	USD 38 Billion
Historical Data for:	2018 - 2022
No. of Pages:	250
Tables, Charts & Figures:	347
Segments covered:	Offering, Frequency, Application, Industry Vertical
Growth Drivers:	Rising demand for PLC systems in advanced metering infrastructure Increasing demand for cost-effective installations Growth of smart buildings Renewable energy integration and restructuring of electric infrastructure Emergence of PLC as a low-cost solution
Pitfalls & Challenges:	Interference and radio static Availability of other alternatives

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Interference and radio static present significant challenges in the power line communication market. Power lines can be susceptible to electromagnetic interference, which disrupts signal transmission and reduces reliability. Radio static from nearby electronic devices can also hinder the quality of data communication. Overcoming these challenges often requires advanced filtering and modulation techniques to ensure a stable & interference-free power line communication network, making it crucial to maintain signal integrity in this market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of power line communication (PLC) reached USD 9.8 billion in 2022 and is set to witness over 14.5% CAGR between 2023 and 2032, led by the surge in innovative hardware launches.

The hardware offering segment was valued at USD 4.8 billion in 2022, attributed to the increased demand for cutting-edge tools to support reliable power line communication networks.

The narrowband frequency segment crossed USD 6.3 billion in 2022, due to rising application in smart metering to render reliable long-range communication with low data rates.

North America garnered around 35% of the market share in 2022, owing to the rising investments in smart grid technologies to enhance reliability and reduce operational costs in the region.