Power Line Communication Market Gains Momentum with Smart Home Adoption

The global power line communication (PLC) market is poised for significant expansion, projected to reach a valuation of US$ 8.6 billion by 2023 , and surge further to approximately US$ 19.4 billion by 2033 , growing at a steady compound annual growth rate (CAGR) of 8.5% . This robust market trajectory highlights the increasing adoption of power line communication technologies across residential, commercial, and industrial sectors worldwide. According to a detailed analysis by Persistence Market Research (PMR) , the growing interest in smart grid technologies and smart meters is the primary driver behind the expansion of the PLC market. These innovations are facilitating more efficient electricity management, reducing power leakage, and enhancing operational reliability, particularly in power distribution networks. Smart Grid Technologies: A Catalyst for PLC Adoption The advent of narrowband power line communication (NB-PLC) has significantly advanced the deployment of smart grid sy...