This market research study presents a comprehensive analysis of the global powerline carrier (PLC) market by application (smart grid, indoor networking, lighting, and M2M), by technology (narrowband PLC and broadband PLC), and by geography (Americas, APAC, and EMEA). Leading vendors in the market are Atmel, Lantiq Semiconductor, Marvell Technology, Cypress Semiconductor, Echelon, Lumenpulse, Maxim Integrated, Semitech Semiconductor, and STMicroelectronics.
Technavio’s market research analysts estimate the global PLC market to grow at a CAGR of over 9% between 2016 and 2020. The increased diversity in the Internet of things (IoT) standards is the fundamental driver for this market. Smart devices aren’t always compatible with all wireless standards available in the market. This growing diversity in IoT standards is compelling industry participants to develop a standards-based wireless solution that can control the widest range of connected devices. The development of powerline communication standards and its adoption in lighting applications are factors that are likely to contribute to the growth of the market during the forecast period. At present, the EMEA region accounts for the majority share of the global PLC market by holding over 40% of the overall market share. The increasing focus by the governments of countries such as Africa, Austria, Germany, France, Denmark, Italy, the Netherlands, Turkey, Sweden, and Saudi Arabia in replacing electrical grids with smart grids is expected to propel the growth of the market in this region by 2020.
The new market research report from Technavio presents a breakdown and analysis of the powerline carrier segments by technology.
“The rise in the adoption of advanced metering infrastructure (AMI) is the latest trend in the PLC market across the globe. The emphasis on energy consumption by government utilities to improve power grid infrastructure through the adoption of smart grids is witnessing an upsurge. This has stimulated a shift towards AMI which can provide consumers with real-time data on power consumption and other timely information about electricity. For instance, Netz Burgenland Strom, an electricity distribution system operator in Austria, awarded a contract to Landis+Gyr for the installation of smart meters across the country by leveraging its G3 PLC technology,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
The broadband PLC segment dominated the global PLC market in 2015 by accounting for over 51% of the overall market share. This segment of the market is thriving due to high rate of data transfer at a shorter distance that broadband PLCs enable. Its compatibility with high-bandwidth and content-rich applications such as audio, video, gaming, and the Internet are likely to drive the global broadband PLC market during the forecast period.
The key vendors in the global PLC market include Atmel, Lantiq Semiconductor, Marvell Technology, Cypress Semiconductor, Echelon, Lumenpulse, Maxim Integrated, Semitech Semiconductor, and STMicroelectronics. The global PLC market is characterized by the presence of several well-established vendors. The vendor competition is likely to intensify with the entry of a large number of PLC providers in the market space. The vendors in the market are developing application-specific PLC systems and are categorized into two technology segments – broadband PLC and narrowband PLC.
A more detailed analysis is available on the Technavio report, Global PLC market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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