|By Business Wire||
|May 21, 2014 02:27 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/x7548d/global_power_line) has announced the addition of the "Global Power Line Communication Market 2014-2018: Alcatel-Lucent, Broadcom, Marvell Technology & Texas Instruments Dominate the Market" report to their offering.
The Global Power Line Communication market to grow at a CAGR of 19% to 2018
The growth of the Global PLC market is driven by several factors, one of which is the increasing connection with smart grid. The Industrial sector uses PLC mainly for smart grid communications, which are an integral part of the smart gird. There are several other factors driving this market such as the increasing need for reliable and cost-effective networking technology, and increasing demand for N-PLC.
The Global PLC market is expected to grow moderately during the forecast period because of the presence of certain new and emerging trends. One of the major trends in the market is that PLC improves utility management. Certain power utilities have entered into contracts to lease smart grid communications network services to various companies or to other service providers. PLC improves the management of the utilities as it eliminates manual meter reading and introduces other benefits."
Further, the report states that though the Global PLC market has several driving factors, it is hampered by certain challenges. One of the major challenges is limited product differentiation, which increases the bargaining power of the buyer and will negatively affect the Global PLC market. Another challenge in the market is slow ROI.
Key vendors dominating this space are
- Alcatel-Lucent S.A.
- Broadcom Corp.
- Marvell Technology Group Ltd.
- Texas Instruments Inc.
Other vendors mentioned in the report are
- Alliander N.V.
- Amperion Inc.
- Ariane Controls Inc.
- Atmel Corp.
- Billion Electric Co. Ltd
- Cypress Semiconductor Corp.
- D-link System Inc.
- Echelon Corp.
- Fujitsu Semiconductor Ltd
- Lantiq Deutschland GmbH
- Maven Systems Pvt. Ltd.
- Maxim Integrated Product Inc.
- Microchip Technology Inc.
- NXP Semiconductor NV
- Power Plus Communications AG
- Powercom Co. Ltd.
- Qualcomm Atheros Inc.
- Semitech Semiconductor Pte Ltd
- Sigma Designs Inc.
- ST&T Corp.
- STMicroelectronics N.V
- Tp-link Technologies Co. Ltd
- Yitran Communications Ltd.
Key questions answered in this report:
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
For more information visit http://www.researchandmarkets.com/research/x7548d/global_power_line