Market Trends

Global Power Line Communication (PLC) Systems Market Outlook Growing deployment of smart grids, and the emerging use of bidirectional communication technology in power lines is surging the growth of the global power line communication systems market. As per our recent business intelligence report, the global power line communication systems market size was approximately $6.0 billion to $6.5 billion as of 2018, and the market demand is projected to increment at a robust CAGR of 12% to 15% over the forecast period of 2019 to 2025.  PLC is a technology which is used for the transmission of data through electric power transmission cables. PLC systems are widely preferred over wireless and home networking technologies because of their attributes which includes easy installation, availability of alternate current outlets, higher throughput, security, and low cost. These systems are used for the delivery of xDSL and broadband internet services along with the electricity to the consumers. PLC