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Revenue from Smart Grid Power Line Communications Systems Will Surpass $418 Million Annually by 2020, Forecasts Pike Research
BOULDER, Colo. --(Business Wire)--
Power line communications (PLC) systems, which allow data to be sent
across power lines, are used in many segments of the electricity grid.
The expansion of smart grids is fueling increased utility interest in
the technology, specifically the use of PLC to handle communications
across the neighborhood area network and to connect electricity or gas
meters to each other and the utility's control center. According to a
recent report from Pike
Research, a part of Navigant's Energy Practice, annual revenue from
PLC systems for smart grid applications will grow from $283 million in
2012 to more than $418 million by 2020.
"Shipments of PLC nodes will grow steadily over the remainder of the
decade, as utilities complete advanced metering initiatives to comply
with various mandates and deadlines," says senior research analyst Neil
Strother. "PLC systems offer economic advantages that include lower
capital costs compared with other communications systems, as well as the
advantage of owning the communications system outright, instead of
leasing it from a cellular provider or other third-party entity."
Earlier PLC systems supported one-way communication, where meter
readings would be sent from end devices, such as meters, directly to a
master receiver. The modern two-way system, however, allows
bi-directional communications between the meter and the utility.
Commands can be transmitted out from the utility to the end devices,
which allows for a number of more advanced functions.
The report, "Power
Line Communications for Smart Grids", focuses on the various types
of PLC technology currently used in each world region, in addition to
providing forecasts and insights into the technologies and standards
that will be deployed over the next decade, covering the range of
technologies used in these networks, including PRIME, G3-PLC, IEEE (News - Alert)
P1901.2, and various proprietary technologies. Profiles of eight
utilities and 16 key industry vendors are included, along with worldwide
market forecasts through 2020, segmented by region and technology, for
unit shipments, revenue, and average selling prices. An Executive
Summary of the report is available for free download on the Pike
Research website.
About Pike Research (News - Alert)
Pike Research, which joined Navigant's global Energy Practice on July 1,
2012, provides in-depth analysis of global clean technology markets. The
team's research methodology combines supply-side industry analysis,
end-user primary research and demand assessment, and deep examination of
technology trends to provide a comprehensive view of the Smart Energy,
Smart Utilities, Smart Transportation, Smart Industry, and Smart
Buildings sectors. Additional information about Pike Research can be
found at www.navigant.com/pikeresearch.
About Navigant
Navigant (NYSE: NCI) is a specialized, global expert services firm
dedicated to assisting clients in creating and protecting value in the
face of critical business risks and opportunities. Through senior level
engagement with clients, Navigant professionals combine technical
expertise in Disputes and Investigations, Economics, Financial Advisory
and Management Consulting, with business pragmatism in the highly
regulated Construction, Energy, Financial Services and Healthcare
industries to support clients in addressing their most critical business
needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the
report, "Power Line Communications for Smart Grids," is a summary
and reflects Pike Research's current expectations based on market data
and trend analysis. Market predictions and expectations are inherently
uncertain and actual results may differ materially from those contained
in this press release or the report. Please refer to the full report for
a complete understanding of the assumptions underlying the report's
conclusions and the methodologies used to create the report. Neither
Pike Research nor Navigant undertakes any obligation to update any of
the information contained in this press release or the report.
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