Global G3-PLC Module Market Size Will Reach $609.46 Million in 2024

Global G3-PLC Module Market Overview

According to Global Market Monitor, the global G3-PLC Module market size will reach $609.46 million in 2024 with a CAGR of 8.67% from 2024 to 2029.

G3-PLC™ was developed to meet the industry's need for a potentially ubiquitous power line communications standard that will enable smart grid vision. G3-PLC communicates across existing power lines without the need for additional wires or fibers. Offering higher data rates, further reach, and better error correction than previous narrowband power-line communications (NB-PLC) standards, this open, IPv6-based standard will accelerate the widespread development of internet-based energy management systems.

Increasing Demand for Electricity Worldwide

With the development of the global economy and population growth, the scale and structure of the power grid have also undergone great changes, from the initial local small-scale power grid to the regional medium-scale power grid, and then to today's smart grid. Rapidly growing electricity demand has made power companies need to find better technologies to keep up with consumers' rapidly changing energy consumption habits. G3-PLC is a reliable, secure, and cost-effective standardized communication. With the increasing demand for electricity in industry and life, the G3-PLC module is more widely used.

Technology Upgrades and Improvements

As the demand for smart grid communication increases, manufacturers of related products are constantly researching and improving G3-PLC technology. As more companies participate in the development of G3-PLC-related products, the products will be better utilized in more fields, such as smart meters, smart sockets, intelligent light control, intelligent security, and other products. This will further expand the product market.

PLC technology can take advantage of the existing power line infrastructure, which makes it an advantageous technological position in the field of Smart Grid. The G3-PLC-based two-way communication network enables Utility Companies to continuously monitor the up-to-date power usage of end-user devices or applications during the day, thus providing targeted The electricity pricing strategy is used to encourage consumers to adjust their electricity habits, to reduce the peak load of the grid, and to avoid building more power plants. This contributes to increased productivity in the power industry and avoids wastage of resources.

On February 3, 2023, the G3-PLC Alliance released the final version of the G3-Hybrid dual-mode fusion communication standard. The G3-Hybrid PLC+RF dual-mode fusion is the industry's first dual-mode communication standard, which provides extended and expanded functions for smart grid and Internet of Things applications through two media in a seamless management network, setting an important milestone for the communications industry.

By Type	Low Voltage
	High Voltage
	Extra High Voltage
	The low voltage segment holds the largest market share.
By Application	Industrial Use
	Residential Use
	Energy Use
	Others
	The residential use segment occupies the biggest share.