Power Line Carrier Communication & PoE Controller Market Worth 12.31 Billion USD by 2022

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.

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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.