Global Power Line Communication Market Analysis: 2022-2028

Global power line communication market analysis and insights

The global Power Line Communication market estimated at US$14.93 billion in the year 2022 is now projected to grow at a CAGR of 14.61% and reach US$33.85 billion by 2028.

Power line communication is driving the modernization of smart grids by enabling bi-directional data exchange between components like smart meters, SCADA systems, and distribution equipment. This integration enhances grid monitoring accuracy, optimizes load distribution, and improves fault detection mechanisms. As energy efficiency gains paramount importance, power line communication technology plays a pivotal role in real-time energy consumption monitoring and load control. These capabilities facilitate dynamic demand response strategies and the fine-tuning of energy usage patterns based on granular data insights.

The convergence of power line communication with the Internet of Things (IoT) brings forth a seamless mesh of interconnected devices. Leveraging the power line’s attenuation properties, power line communication ensures the efficient integration of diverse IoT sensor nodes and actuators across a spectrum of applications, both in industrial and domestic settings. This convergence not only boosts operational efficiency but also opens avenues for novel applications and services.

The regulatory landscape also plays a role in shaping the power line communication market. Mandates and initiatives advocating for the integration of smart grid technologies often include provisions for power line communication systems. This regulatory support serves as a driving force for the adoption of power line communication in various applications.

As power line communication technology evolves, advancements in modulation techniques, noise cancellation algorithms, and error correction mechanisms are enhancing data rates and transmission robustness. These technical improvements open up new avenues for its application, ensuring that power line communication remains at the forefront of innovative communication solutions.

Power line communication regional market insights

North American power line communication market is expected to grow significantly over the forecast period 2022-2028. This growth can be attributed to the advanced utility infrastructure, presence of major industry players, and the increasing adoption of smart grid technologies. United States contributed around 78% of the total North American power line communication market. It is estimated to have a market value of US$4.21 billion in the year 2022. Among the other noteworthy geographic markets are Canada and Mexico, each forecast to grow at 13.09% and 11.52% respectively over the 2022-2028 period.

Asia Pacific power line communication market is anticipated to witness an upsurge owing to the rapid industrialization and urbanization in the region. Furthermore, an unparalleled surge in the adoption of power management devices throughout China, Japan, India, and South Korea, aimed at catering to the demands of end-users including consumer electronics and industrial systems, is poised to contribute significantly to the expansion of the market. China is expected to dominate the Asia-Pacific market and reach a market size of US$6.43 billion by 2028.

Within Europe, Germany, France, Italy and the U.K. are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 12.76% over the forecast period.

Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing Middle Eastern nations such as Qatar, U.A.E, and Oman due to a similar growth pattern as the Asia Pacific.

Key players

Key players profiled in the report include ABB Ltd.; Aclara Technologies LLC; Amperion, Inc.; Analog Devices, Inc.; Billion Electric Co. Ltd.; Corinex Corp.; D-link System, Inc.; devolo GmbH; Eaton Corp.; Elster Group SE; GE Grid Solutions; Infineon Technologies AG; Landis+Gyr AG; Marvell Technology Group Ltd.; Microchip Technology, Inc.; NXP Semiconductor NV; Power Plus Communications AG; Qualcomm Atheros, Inc.; Renesas Electronics Corporation; Semitech Semiconductor Pte Ltd.; Siemens AG; ST&T Electric Corporation; STMicroelectronics N.V; Texas Instruments Inc.; TP-LINK Technologies Co., Ltd., among others.

Competitive Landscape

August 02, 2023 – As part of Corinex’s ongoing efforts to influence changes in the energy sector towards a more sustainable future, the company has joined the G3-PLC Alliance. The growing need for efficient and sustainable electricity presents the energy industry with the task of updating its infrastructure. Corinex, the leading Broadband over Power Lines (BPL) technology provider, through its application for grid digitalization, aims to accelerate the standardization of technology needed to improve grid resilience.

February 23, 2023 – Semitech Semiconductor, an innovative provider of reliable wireless and power line communication (PLC) solutions for smart grid, automotive and industrial IoT applications, announced that its SM2400 solution now supports the SAE J2497 (PLC4TRUCKS) standard. The PLC4TRUCKS standard is a networking standard for heavy-duty vehicles that uses PLC over the DC power bus to communicate between a tractor and trailers. Semitech provides both semiconductors and complete modules to anti-lock braking system (ABS) OEMs and manufacturers of aftermarket products, such as diagnostics equipment for ABS systems and trailer telematics.

Power line communication market scope

• By component
  • Hardware
  • Software
  • Services

• By voltage level
  • Low voltage lines
  • Medium voltage lines
  • High voltage lines

• By operating frequency
  • Narrowband
  • Broadband

• By application
  • Smart city
    • Smart grid
    • Smart and connected homes
    • Smart street lighting
    • Home area networking
    • Others
  • IT and Telecommunications
  • Manufacturing and industrial automation
  • Transportation
  • Healthcare
  • Others

• By end-use segment
  • Residential
  • Commercial
  • Industrial

• By region
  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The research report  provides a comprehensive review of market trends (Technology, Product and Application analysis), market growth drivers, PEST Analysis (Political, Economic, Social and Technological Analysis) Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market. The report provides market estimates and forecast for geographic markets such as the North America (United States, Canada, Mexico and Rest of North America), South America (Brazil, Argentina Chile Colombia Peru Venezuela Ecuador and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Belgium, Finland, Norway, Switzerland, Denmark, Czech Republic, Portugal and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Philippines, Malaysia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel, Oman, Bahrain, Saudi Arabia, Qatar, Egypt and Rest of Middle East) & Africa.

Research Methodology