G-3 PLC Solution Market to Reach USD 845 Million by 2032

According to analysts at Vantage Market Research, the Global G-3 PLC Solution Market size is worth USD 520 Million in 2023 and is projected to reach USD 845 Million by 2032, growing at a CAGR (Compound Annual Growth Rate) of 5.6% from 2024 to 2032. The G-3 PLC solution market is driven by rising industrial automation, enhanced operational efficiency, and growing demand for smart infrastructure. Advances in communication technologies and increasing adoption in manufacturing and energy sectors further boost the market growth.

Market Overview

G3-ALLIANCE is a leading solution in the Powerline Communication (PLC) market, designed to address the complex challenges associated with PLC technology. It surpasses earlier PLC methods by providing a high-performance, cost-effective, and future-ready communication solution. Utilizing existing powerline infrastructure, G3-ALLIANCE eliminates the need for new communication pathways in difficult environments, significantly reducing installation & maintenance costs compared to other wired and wireless systems.

In October 2023, the G3-PLC Alliance, a key industry group dedicated to advancing G3 technology for smart metering, smart grids, and industrial applications, announced the release of its new certification version. This update represents a significant advancement for the G3-Hybrid PLC+RF solution, offering a standardized, robust, and globally applicable communication technology tailored for utilities and Distribution System Operators (DSOs).

Iskraemeco's Latest Smart Meter Contract

Recently, Iskraemeco secured a Croatian smart meter contract to deploy over 200,000 IE.5 meters, equipped with advanced multi-communication technology combining LTE and G3-PLC. Enhanced by the Iskraemeco data concentrator AC750, these meters provide improved network connectivity and reliable communication, driven by continuous market analysis and partner feedback. The significant advancements and new firmware functionalities of the IE.5 meters underscore Iskraemeco's dedication to meeting customer needs in challenging projects.

Key Takeaways from the Report

• In 2023, Europe led the market with a 36.5% share, driven by rising automation and digitalization in industrial processes, the presence of top technology firms spurring innovation, strong economic growth, increasing industrial investments, and favorable regulatory frameworks and government policies
• Asia Pacific is expected to experience the highest CAGR during the forecast period
• The 49 MHz to 20.7 MHz segment accounted for 56.3% of total revenue in 2023 due to its lower bandwidth and power requirements, improved signal reliability, and suitability for critical applications such as smart grids and industrial automation
• By Application, the Network Management segment led the market in 2023 with a 26.5% revenue share, thanks to G-3 PLC's cost-effectiveness in utilizing existing power lines for data transmission

Top Companies

• Siemens AG
• Schneider Electric
• ABB Ltd.
• General Electric (GE)
• Hitachi Ltd.
• Itron Inc.
• Landis+Gyr
• CyanConnode
• Aclara Technologies LLC
• Iskraemeco
• Devolo AG
• Enverv
• Maxim Integrated
• Trilliant Holdings Inc.
• Corinex Communications Corp.

Latest News

Corinex Joins G3-PLC Alliance to Promote Sustainable Energy & Strengthen Grid Resilience

• In August 2023, Corinex became a member of the G3-PLC Alliance to advance its goal of fostering a sustainable energy future. As a top provider of Broadband over Power Lines (BPL) technology, Corinex aims to improve grid resilience and speed up technology standardization through active participation in key organizations like the G3-PLC Alliance.