Major Power Line Communication (PLC) Market include AMTEK Ltd., General Electric Company, Hitachi Ltd., STMicroelectronics N.V., Panasonic Corporation, Schneider Electric SE, Siemens AG, and TP-Link Corporation Limited, and others.
SELBYVILLE, Del. , Sept. 8, 2022 /PRNewswire/ -- The power line communication market is expected to record a valuation of USD 35 billion by 2030, according to a new research report by Global Market Insights Inc.
A rise in smart grid infrastructure spending is projected to add impetus to the industry growth. Based on data from the International Energy Agency, smart grid and digital investments are expected to triple by 2030 to account for over 40% of the total spending in this decade. PLC networks can also help businesses commercialize machine-to-machine communication. The rising development of smart cities and the deployment of relative tech solutions will thus proliferate the usage of PLC as a natural communication technology for smart grids.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2987
Increasing need for functional testing of PLC systems
The power line communication market from the service segment is estimated to attain 20% growth rate till 2030. The requirement to manage functional and installation testing of PLC systems has increased considerably. This testing can ensure the overall integration of communication among all network components, thus bolstering the industry size from the service segment.
Ease of communication via broadband connections
The broadband segment held over 35% of the power line communication market share in 2021 due to the rising awareness of the ease of communication because of broadband connections. Broadband over Power line technology with PLC is also extensively used in distant areas with limited Internet via PDSL and cable connections.
Long-haul power line communication segment to gain traction
The long-haul segment in the power line communication market is poised to register 15% CAGR through 2030. Long-haul can handle communication traffic over long distances worldwide as well as nationwide. Safety and monitoring requirements are also more stringent for high-voltage AC and DC transmission lines, requiring long-haul communication techniques.
Growing expansion of power line communication across industrial sector
The industrial segment is predicted to observe 15% gains by 2030 owing to the rising expansion of modern industrial facilities with advanced sensor devices and equipment. The need to boost data transfer and communication, performance, and operational efficiencies is also increasing across the energy and power sector, augmenting segmental demand.
Large-scale smart grid deployment to define LATAM industry landscape
The Latin America power line communication market is anticipated to reach USD 3 billion by 2030, credited to the growing popularity of automation solutions across industrial sectors, such as automotive, in Mexico , Argentina , and other LATAM countries. In September 2021 , the U.S. Trade & Development Agency (USTDA) provided a grant to the Brazilian Association of Electricity Distributors to allow large-scale smart grid deployment across the country. These initiatives will further escalate the deployment of this technology in the region.
Introduction of certified products to remain a key growth strategy
Major players operating in the power line communication market are General Electric Company, STMicroelectronics N.V., Panasonic Corporation, Schneider Electric SE, Develo AG, and TP-Link Corporation Limited, among other companies. These leaders are emphasizing product range expansions to retain their foothold across the market.
Request for customization of this research report @ https://www.gminsights.com/roc/2987
Table of Contents (ToC) of the report
Chapter 3 Power Line Communication Market Insights
3.3 Ukraine -Russia war impact
3.9 Technology & innovation landscape
3.9.1 Smart metering infrastructure
3.9.2 Orthogonal frequency-division multiplexing (OFDM)
3.11.1 Growth Drivers
3.11.1.1 Rising demand for PLC systems in advanced metering infrastructure
3.11.1.2 Increasing demand for cost-effective installations
3.11.1.3 Upsurge in the growth of smart buildings concept
3.11.1.4 Renewable energy integration and restructuring of electric infrastructure
3.11.1.5 Emergence of PLC as a low-cost solution
3.11.2 Industry pitfalls and challenges
3.11.2.1 Interference and radio static
3.11.2.2 Availability of other alternatives
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware , U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Contact Us: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com
Photo: https://mma.prnewswire.com/media/1894444/Power_Line_Communication.jpg Logo: https://mma.prnewswire.com/media/661916/GMI.jpg
View original content to download multimedia:https://www.prnewswire.com/news-releases/power-line-communication-market-to-hit-usd-35-billion-by-2030-global-market-insights-inc-301620112.html
SOURCE Global Market Insights Inc.
Berkshire Hathaway is on pace to collect $6.07 billion in dividend income over the next 12 months. Just five holdings will account for 71% of total payouts.
As we close in on the final quarter of 2022, investors are looking for an answer to one question: was June’s low the bottom for stocks, or do they have more room to fall? It’s a serious question, and there may be no easy answer. Markets are facing a series of headwinds, from the high inflation and rising interest rates that we’ve grown familiar with to an increasingly strong dollar that will put pressure on the upcoming Q3 earnings. Weighing in on current conditions from Charles Schwab, the $8 t
Nio (NYSE: NIO) reported increasing losses in its second-quarter earnings report this week, but investors are shrugging that off, sending shares soaring Friday morning. Although its profit margins have been on a downward trend, new models being launched could turn that around in the coming years. Consumer prices in China increased at a slower pace than many expected in August, and producer inflation sank to the lowest level since February 2021, reports Reuters.
The Facebook and Instagram owner's share price zoomed more than 4% higher on Friday, as investors bid the company up on news that it had disbanded one of its teams. Thursday afternoon, The Wall Street Journal reported that Meta had dissolved the Responsible Innovation (RI) unit at the company. This was the team that kept an eye on the ethics of its products and services, which also include messaging app WhatsApp in addition to Facebook and Instagram.
NIO Inc. stock is trending on the Yahoo Finance Platform. Here is a visualization of $NIO performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.Check out the ticker page here.
Gary Gensler had strong words for the crypto industry in a Thursday speech, telling an audience of lawyers that the "vast majority" of the nearly 10,000 existing crypto tokens are securities.
It's time to be extra picky.
A strong bearish trend defined the markets in the first half of the year; since then, the key point has been volatility. Stocks hit a bottom back in June, when the S&P 500 dropped into the 3,600s. That has proven to be a support level in the last two months, and at least one strategist believes that the market won’t be testing those lows again this year. JPMorgan's Jason Hunter believes that inflation may have peaked, and that the upcoming CPI report will provide additional evidence of that. “We
Expect cost certainty to fly right out the (drafty) window.
The S&P 500 is on again, off again all year. But investors clearly have a "buy list" of stocks they want to own when the rally looks real.
The automaker's resilience in this economic downturn is something to be admired
In this article, we will look at 10 stocks that Jim Cramer is talking about in September. If you want to explore more stocks that journalist investor, Jim Cramer, is talking about in September, you can also take a look at Jim Cramer is Talking About These 5 Stocks in September. Jim Cramer has acquired […]
Congressional Democrats want to slam shut a tax loophole known as the "backdoor" Roth IRA. In one of several proposed changes that target the retirement accounts of wealthy Americans, Democrats on the House Ways and Means Committee want to prohibit people … Continue reading → The post Democrats Want to End This Lucrative Retirement Account Loophole appeared first on SmartAsset Blog.
The Dow Jones jumped as the rally gained strength. Tesla stock surged as Elon Musk eyed a new move. A Warren Buffett stock impressed.
All week long, trading in Nvidia (NASDAQ: NVDA) stock has been strong. After opening lower following the long holiday weekend, shares of the semiconductors-for-gaming leader have notched three straight days of stock price gains -- including this morning, with Nvidia stock up 2.2% through 10:30 a.m. ET. You can probably thank sustained buying by Cathie Wood for that.
Investors are seeing higher growth potential for QuantumScape's battery cell technology after an interesting EV industry development.
On Friday, the company unveiled the Robinhood Investor Index, which captures how customers invest based on the top 100 most owned stocks on the platform.
Recently, Zacks.com users have been paying close attention to AT&T (T). This makes it worthwhile to examine what the stock has in store.
In this article, we discuss the 16 best penny stocks to buy now. If you want to read about some more penny stocks with strong business fundamentals, check out the 5 Best Penny Stocks to Buy Now. Investors are taking refuge in holding cash and liquidating their stock portfolios to weather out the impact of rising […]
The old saying “different strokes for different folks” certainly rings true in the stock market. Some investors prefer growth stocks like Tesla Inc. that are volatile but have produced years of outstanding appreciation. Other folks prefer less volatile stocks like Johnson & Johnson whose growth may be slower but also add dividends of 2% to 3% annually to the total performance. In addition, there are income investors, who strictly look for stocks that will provide high-yield dividends year after