Narrowband PLC Chip Market Report: Trends, Forecast and Competitive Analysis to 2030

Narrowband PLC Chip Trends and Forecast

The future of the global narrowband PLC chip market looks promising with opportunities in the smart grid industry and intelligent lighting industry. The global narrowband PLC chip market is expected to grow with a CAGR of 11.5% from 2024 to 2030. The major drivers for this market are rising demand for smart grid infrastructure, increasing need for effective energy management systems and renewable energy sources, as well as, growing adoption of smart technologies.

A more than 150-page report is developed to help in your business decisions.

Narrowband PLC Chip by Segment

The study includes a forecast for the global narrowband PLC chip by type, application, and region.

Narrowband PLC Chip Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Analog Front-End (AFE) Chip
• Microcontroller (MCU) Chip
• System-on-Chip (SoC)

Narrowband PLC Chip Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Smart Grid Industry
• Intelligent Lighting Industry
• Others

Narrowband PLC Chip Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Narrowband PLC Chip Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies narrowband PLC chip companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the narrowband PLC chip companies profiled in this report include-

• Cypress
• ABB
• Texas Instruments
• STMicroelectronics
• Maxim Integrated

Narrowband PLC Chip Market Insights

Lucintel forecasts that system-on-chip (SoC) is expected to witness highest growth over the forecast period due to rising demand for integrated solutions that combine multiple functions onto a single chip.

Europe will remain the largest region over the forecast period due to growing use of smart grid to provide growth to NB PLC chip in the region.

Features of the Global Narrowband PLC Chip Market

Market Size Estimates: Narrowband PLC chip market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Narrowband PLC chip market size by type, application, and region in terms of value ($B).

Regional Analysis: Narrowband PLC chip market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the narrowband PLC chip market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the narrowband PLC chip market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for narrowband PLC chip market?

Answer: The global narrowband PLC chip market is expected to grow with a CAGR of 11.5% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the narrowband PLC chip market?

Answer: The major drivers for this market are rising demand for smart grid infrastructure, increasing need for effective energy management systems and renewable energy sources, as well as, growing adoption of smart technologies.

Q3. What are the major segments for narrowband PLC chip market?

Answer: The future of the global narrowband PLC chip market looks promising with opportunities in the smart grid industry and intelligent lighting industry.

Q4. Who are the key narrowband PLC chip market companies?

Answer: Some of the key narrowband PLC chip companies are as follows.

• Cypress
• ABB
• Texas Instruments
• STMicroelectronics
• Maxim Integrated

Q5. Which narrowband PLC chip market segment will be the largest in future?

Answer: Lucintel forecasts that system-on-chip (SoC) is expected to witness highest growth over the forecast period due to rising demand for integrated solutions that combine multiple functions onto a single chip.

Q6. In narrowband PLC chip market, which region is expected to be the largest in next 5 years?

Answer: Europe will remain the largest region over the forecast period due to growing use of smart grid to provide growth to NB PLC chip in the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the narrowband PLC chip market by type (analog front-end (AFE) chip, microcontroller (MCU) chip, and system-on-chip (SoC)), application (smart grid industry, intelligent lighting industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?