Summary
The global Commercial Power Line Communication Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Power Line Communication is a communications technology that allows transmitting data via existing power lines. What this means is that, with only power cables running from a computer device (such as a camera) to another computer (also a computer), one is able to both powers it up and access data from it at the same moment. The data transmission and reception over such cables are done via discrete signals which are understood by the receiving computer system. The global commercial power line communication market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Market Drivers
Growing deployment of smart grids is expected to drive growth of the global commercial power line communication market during the forecast period. Smart grids refer to an electrical grid that includes a number of operation and energy measures such as smart meters, renewable energy sources, smart appliances, and energy-efficient resources. Many countries have started adopting smart grid infrastructure to provide customer service, fraud detection, decrease technical losses, and reduce cost. For instance, in January 2021, Public Service Electric & Gas (PSE&G) received approval from the New Jersey Board of Public Unities to invest around US$ 700 million for the next four years to provide 2.3 million electric customers with smart meters. Hence, such factors are expected to drive growth of the global commercial power line communication market during the forecast period. Furthermore, increasing demand for cost-effective installation is expected to propel the global commercial power line communication market during the forecast period.
Market Restraint
High noise generation on power lines and the presence of substitute technologies are expected to restrain growth of the global commercial power line communication market during the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global commercial power line communication market during the forecast period. This is owing to increasing demand for automation in various industries. Furthermore, Europe is expected to register a robust growth rate over the forecast period, owing to rising technological advancements.
Key companies involved in the global commercial power line commercial market are ABB, Siemens, Cypress, General Electric, Ametek, ST Microelectronics, Texas Instrument, and Schneider Electric.
For instance, in December 2020, Siemens Smart Infrastructure launched PowerLink CM, a condition monitoring solution for high-voltage AC and DC transmission lines.
The Commercial Power Line Communication Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Commercial Power Line Communication Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- ABB
- Siemens
- Cypress
- ST Microelectronics
- Schneider Electric
- Texas Instrument
- Ametek
- General Electric
By the Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- split into
- Energy Management
- Smart Grid
- Indoor Networking
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Commercial Power Line Communication Market Report:
- To assess the size of the market by value and volume
- Analyze the Commercial Power Line Communication Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Commercial Power Line Communication Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Commercial Power Line Communication Market
The Commercial Power Line Communication Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Commercial Power Line Communication Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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