Global Powerline Carrier Market 2016-2020

Overview of the powerline carrier market

According to the analysts at Technavio, the global powerline carrier market is envisaged to witness impressive growth and will post a CAGR of more than 9% over the forecast period. One of the key factors driving the growth of this market is the increasing adoption of powerline communication (PLC) in lighting applications. Lighting applications use PLC for street lighting automation, including car park lighting, roadways lighting, tunnel lighting, and urban lighting. Since street lighting comprises more than 20% of worldwide electricity consumption and is one of the major expenses for governments and large enterprises, it has prompted governments to move towards automated street lighting networks. As PLC technology does not require the installation of new wires and saves on operational costs, it is gaining traction among government organizations as a preferred technology for automating street lighting networks. Lighting systems can be connected to a network on existing power lines, and the communication can be maintained even underground and through walls. Moreover, PLC technology is allowing countries to shift to LED street lighting and controls at minimum expenditure, which is likely to propel the growth prospects of this market in the coming years.

The increasing development of smart cities and smart homes worldwide is one of the emerging trends spurring the growth prospects of this market over the forecast period. The growing emphasis on energy conservation and resource management is contributing to the development of smart cities and smart homes around the world.  PLC technology enables data transmission on existing electrical power lines, and thus it is emerging to be one of the preferred technologies for home automation and smart cities. Moreover, the smart home market is expected to witness tremendous growth by 2020 due to the rising number of connected smart home devices. The development of advanced metering infrastructure (AMI) and smart lighting in smart cities are also attributed to the growth of this market over the next four years.

Segmentation by technology and analysis of the powerline carrier market

• Narrowband PLC
• Broadband PLC