Narrowband PLC Chipset Market - Forecast(2021 - 2026)
The Narrowband PLC Chipset Market is forecast to reach $457.2million by 2025, estimated to grow at a CAGR of 12.3% from 2020 to 2025. Narrowband PLC Chipset Market is primarily driven by the growing demand of smart grid and Plug-in electric vehicle. Due the introduction of advanced metering infrastructure (AMI). The NB PLC chips sets are widely used in smart grid, which is going to boost the NB PLC chip set market. Additionally the use of NB PLC chip set in various others application such as health monitoring, solar panel, light control, is going to provide huge growth to NB PLC chipset market. Moreover the use of NB PLC in measuring the power transferred and State of electric vehicle and the grid is going to boost the NB PLC chip set in automotive Industry Request Sample Key Takeaways The increasing demand of smart grid is driving the growth of narrowband PLC chipset Market. The PLC chip set helps in real-time measurements, monitoring and control of the generation, which is goi