Global Power and Communication Line Market 2023-2030

Description

List of Tables

Title:Global Power and Communication Line Market Size, Share & Trends Analysis Report by Frequency (Narrowband, and Broadband), by Modulation (Single Carrier Modulation, Multi Carrier Modulation, and Spread Spectrum Modulation), and by Application (Home Automation Systems, Pollution Sensors, and Noise Detectors, Advertising Backlit Panels, Solar Applications, and Others) Forecast Period (2023-2030).

Global power and communication line market is estimated to grow at a CAGR of 8.4% during the forecast period. The surging demand for broadband devices and increasing deployment of smart grids are likely to propel the demand for power and communication lines. Active government initiatives to encourage power line communication and smart grids utilizing power line communication are anticipated to drive market growth. For instance, according to Energy.Gov., a total of up to $3 billion was invested in the smart grid grant program for 2022-2026. Moreover, in November 2022, Global Development Organization (GDO) released a Funding Opportunity Announcement for the Grid Resilience and Innovation Partnerships (GRIP) Program, including the Smart Grid Grants.

In addition, the companies operating in the global market are deploying power and communication lines to provide better coverage and network stability, and to supports long-distance communication of up to 2km, which can be useful in office buildings and smart cities. For instance, Panasonic's power and communication solution has been installed on the smart streetlights in Heringsdorf, Northern Germany. Power and communication lines significantly lower power consumption relative to wireless communication helps reduce CO2 emissions, and reduced the need for energy and cable materials also translates to reduced costs.

Segmental Outlook

The global power and communication line market is segmented based on its frequency, modulation, and application. Based on frequency the market is categorized into narrowband(3 khz to 500 khz), and broadband (greater than 500 khz). Based on modulation the market is segmented into single carrier modulation, multi carrier modulation, and spread spectrum modulation. Based on application the market is divided into home automation systems, pollution sensors, and noise detectors, advertising backlit panels, solar applications, and others. Based on the frequency the narrowband (3khz to 500 kHz) segment is predicted to capture a major share in the market. Narrowband is considered a highly scalable and low-cost low-power wide area network. This technology is effectively used in end-user verticals such as smart metering, and building management.

The Home Automation System segment is Projected to Grow at a Favorable Rate

Among the application segment, the home automation system segment is projected to grow at a significant rate. The growth is mainly attributed owing to the increasing installation of power and communication lines in buildings and houses for providing high-speed network access points and reducing the infrastructure cost. In addition, the companies are offering energy grid solutions for home automation that reduces energy use. For instance, in April 2023, SunPower and OhmConnect announced the launch of a new virtual power plant (VPP) offering for SunPower customers across California. With this launch SunPower and, OhmConnect expand the ecosystem of homes that leverage the energy they generate for stabilizing the increasingly vulnerable grid.

Regional Outlooks

The global power and communication line market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Based on geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Europe is projected to grow in the power and communication line market. Increase in adoption of power and communication line in residential, commercial, and industrial sectors owing to its cost-efficiency property as compared to traditional or competitive technologies.

Global Power and Communication Line Market Growth, by Region 2023-2030

Source: OMR Analysis

The North American Region Leads the Growth of the Global Power and Communication Line Market

The North American region dominated the power and communication line market. The rise in concerns regarding distribution issues and extra costs for setting up a data communication network has enforced various organizations to invest in improving the infrastructure of data networking techniques. Power and communication lines play a crucial role in smart grids to control power distribution at high voltages and enhance efficiency. For instance, according to the Smart Grid Technology, in 2020, total capital spending on IT and OT digital technologies by US electric utilities was approximately $15 billion per year, out of which the largest portion, $8.3 billion was for smart grid technologies and systems. By 2026 these figures are projected to reach over $24.5 billion and $16.4 billion respectively. Hence, owing to its various benefit the demand for power and communication line is anticipated to grow in the North American region.

\Market Players Outlook

Major companies contributing to the global power and communication line market include ABB Ltd., General Electronics, Qualcomm Inc., Schneider Electric, Siemens and others. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market. For instance, in November 2021, Renesas Electronics Corp. introduced the R9A06G061 power line communication (PLC) modem IC. The R9A06G061 delivers high-speed communication at up to 1 Mbps over long distances of a kilometer or more, without the need for relays, expanding the range of practical applications for PLC. With this combination, the new R9A06G061 is ideally suited for heating, ventilation, and air conditioning (HVAC) control, lighting system control in office buildings, and string monitoring and power conditioner control in solar power systems.

The Report Covers:

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global power and communication line market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2027363

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
3.2. ABB Ltd.
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. General Electronics
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. Qualcomm Inc.
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. Schneider Electric
- 3.5.1. Overview
- 3.5.2. Financial Analysis
- 3.5.3. SWOT Analysis
- 3.5.4. Recent Developments
3.6. Siemens
- 3.6.1. Overview
- 3.6.2. Financial Analysis
- 3.6.3. SWOT Analysis
- 3.6.4. Recent Developments
3.7. Key Strategy Analysis

4. Market Segmentation

4.1. Global Power and Communication Line Market by Frequency
- 4.1.1. Narrowband(3 khz to 500 khz)
- 4.1.2. Broadband (greater than 500 khz)
4.2. Global Power and Communication Line Market by Modulation
- 4.2.1. Single Carrier Modulation
- 4.2.2. Multi Carrier Modulation
- 4.2.3. Spread Spectrum Modulation
4.3. Global Power and Communication Line Market by Application
- 4.3.1. Home Automation Systems
- 4.3.2. Pollution Sensors, and Noise Detectors
- 4.3.3. Advertising Backlit Panels
- 4.3.4. Solar Applications
- 4.3.5. Others (traffic density sensors, energy)

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Alstom Hydrogene Sas
6.2. Ametek Power Instruments
6.3. Atmel Corp.
6.4. Belkin International
6.5. Billion Electric
6.6. Corinex Communications
6.7. Cypress Semiconductor Corp.
6.8. Devolo
6.9. D-Link
6.10. Echelon Corp.
6.11. Extollo Communications
6.12. Hubbell Power Systems
6.13. Landis+Gyr
6.14. Lumenpulse
6.15. Maxim Integrated, Inc.
6.16. Netcomm Wireless
6.17. NYX Hemera Technologies
6.18. Xemex NV
6.19. Zyxel Communications