This report studies the Power Line Communication (Plc) Systems market
Power Line Communication (PLC) is a communication technology that enables sending data over existing power cables. This means that, with just power cables running to an electronic device (for example) one can both power it up and at the same time control/retrieve data from it in a half-duplex manner.
Scope of the Report:
This report studies the Power Line Communication (Plc) Systems market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Power Line Communication (Plc) Systems market by product type and applications/end industries.
The global Power Line Communication (Plc) Systems revenue was $ 5062.35 million in 2017 and is expected to reach $ 12175.63 million in 2025, growing at a CAGR of 11.59 % from 2017 to 2025. Europe `s production revenue accounted for the highest market share (32.53%) in 2017, followed by North America and China. Europe is expected to maintain its leading position for the next several years owing to the increasing global downstream demand for Power Line Communication (Plc) Systems.
The Power Line Communication (Plc) Systems are mainly used by Residential, Commercial, Smart Grid and Automotive applications. The dominated application is Smart Grid which accounts for about 42.04 % sales market share in 2017.
Despite the presence of competition problems, due to the global recovery trend is clear, the rising disposable income and customers' expectations for high efficiency and safety of transportation, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep slow increasing, as well as the consumption value.
The global Power Line Communication (Plc) Systems market is valued at 4700 million USD in 2017 and is expected to reach 7960 million USD by the end of 2023, growing at a CAGR of 9.2% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Power Line Communication (Plc) Systems.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
NXP Semiconductor NV
Renesas Electronics Corporation
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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