IndustryARC offers PLC systems market research report which emphasizes on the recent developments as well as historical evidence. The report states that, as of 2018, the global PLC systems market size was approximately $6.0 to $6.5 billion, and its value will increase at a CAGR of 12 to 15% over the course of the forecast period of 2019 to 2025. The research report incorporates the rising alignment of smart grids accompanied by increasing demand for broadband PLC devices in the indoor networking application, which has led to the PLC market growth. The report is titled “ [URL=https://industryarc.com/Report/15797/power-line-communication-plc-systems-market.html] Power Line Communication (PLC) Systems Market[/URL] : By Frequency (Narrowband, Broadband); By Application (Smart Grids, Networking, Other); By Component (Receivers, Others); By Voltage (Low, Medium, High); By Modulation (Single, Multi, Others) & By Industry (Automotive, Others) & Geography – Forecast (2018-2023)”.
Electric power distribution is the final stage in the delivery of electric power which carries electricity from the transition system to individual consumers. The transition from electric power transmission to electric power distribution happens in power substation. The PLC circuits use fiber optic cables as utilities as an alternative to private point to point microwave systems on metallic cables. These cable wires and transmitters are often used in the industrial sector, and so, the application CAGR of PLC in the industrial sector is estimated to be 8 to 10% through to 2025. The major players in the PLC market have adopted new changes to expand their foothold in the market.
PLC Systems Market: Competitive Landscape
Some of the major companies that are referred to in this research report are Broadcom Corporation, Maximum Integrated, STMicroelectronics, Texas Instrumental, and Echelon Corporation.
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PLC systems are available in every premises or buildings, especially for electric power supply. The PLC systems market has huge potential considering the emerging technologies and also has vital growth opportunities. Major dominance is observed in Europe with a market share of 28-32% globally. The industrial sector has more caliber for growth as compared to other sectors like IT and Telecommunication. Furthermore, the major key players are expanding their peculiarities in the market in recent years with using IoT and machine learning.