Power Line Communication Market Size, Share, Industry, Forecast and outlook (2024-2031)
The market is segmented by Frequency into Narrowband and Broadband. The narrowband segment is leading the power line communication market due to rising demand for narrowband technology products from energy management and increased use of smart grid applications. By Type, the market consists of three segments namely Hardware, Software, and Services. By Application, the market consists of the following sections: Energy Management & smart Grid, and Indoor Networking. The “energy management and smart grid” application is the leading segment in power line communication due to the growing demand for intelligent metering & smart grids in different substation communication applications.