PUNE, India, June 29, 2016 /PRNewswire/ --
According to the new market research report "Power Line Carrier Communication Market by Technology (Broadband & Narrowband), Application (Smart Grid & Indoor Networking), & PoE Controller Market by Type (PSE & PD), Application (Connectivity, Security, & LED Lighting), Geography - Global Forecast to 2022", published by MarketsandMarkets, the global PLCC market is expected to reach USD 11.27 Billion by 2022, at a CAGR of 15.18% between 2016 and 2022. Increasing installation of smart grid hubs is a key driving factor for the PLCC market.
Browse 98 market data Tables and 77 Figures spread through 232 Pages and in-depth TOC on "Power Line Carrier Communication Market & PoE Controller Market"
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The global Power over Ethernet (PoE) controller market was valued at USD 0.45 Billion in 2015 and is expected to reach USD 1.04 Billion by 2022, at a CAGR of 12.56% during the forecast period. The growth in this market can be attributed to the ability of the Power over Ethernet technology to transfer electrical power through data cables, which makes supplying power to powered devices economical as well as convenient.
Commercial vertical to hold the largest share of the PLCC market during the forecast period
The commercial vertical is expected to hold the largest share of the Power Line Carrier Communication Market during the forecast period, owing to the ongoing transformation of the existing metering terminals to smart metering systems, significant adoption rate of PLCC systems in building automation applications, and surging demand for secure and reliable network communications. On the other hand, the major factors driving the growth of the PoE controller market for the commercial vertical includes high demand for PoE compatible devices, especially for connectivity and security & access control applications.
Market for narrowband PLCC systems and powered device controllers expected to grow at a high rate
The market for narrowband PLCC systems is expected to grow at a high rate during the forecast period. Growing adoption of narrowband PLCC systems in the residential, commercial, and industrial metering infrastructure is one of the key factors driving the growth of this market. The growth of the market for PD controllers is being propelled by the increasing demand for PoE enabled devices, especially VoIP phones and wireless access points.
APAC expected to be the fastest-growing market for PLCC and PoE controllers during the forecast period
The PLCC and PoE controller markets in APAC are expected to grow at a high rate during the forecast period. Growing market for advanced metering infrastructure and surging demand for PLCC-based lighting control applications (such as roadways, parking areas, tunnels, and street lighting), and increasing deployment of PLCC-based products in the commercial and industrial sectors are expected to drive the growth of the PLCC market in this region. In addition, the high growth rate of the PoE controller market in APAC can be attributed to the increasing demand for PoE controllers in China, Japan, Taiwan, and South Korea as well as growing adoption rate of network devices such VoIP phones, wireless access points, and IP cameras (especially in the commercial vertical).
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The major players in the PLCC and PoE controller markets include Maxim Integrated Products Inc. (U.S.), Texas Instruments Inc. (U.S.), STMicroelectronics N.V. (Switzerland), Linear Technology Corp. (U.S.), Cypress Semiconductor Corp. (U.S.), Broadcom Ltd. (U.S.), and Yitran Technologies Ltd. (Israel) among others.
This research report categorizes the global PLCC market on the basis of frequency, application, vertical, component, and geography; and the global PoE controller market on the basis of type, product, application, vertical, and geography. This report describes the drivers, restraints, opportunities, and challenges for the growth of the PLCC and PoE controller markets.
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