Latest News- Direct Current Power System Market: 0-24V DC is expected to lead the Type segment during 2025-2029

The Direct Current Power System Market is being driven by Growing Internet penetration and data traffic

The Direct Current Power System Market is expected to grow at a CAGR of 7.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 17754.3 million. In today's business landscape, the surge in data storage and transfer demands driven by cloud computing and the proliferation of connected devices has led to an increased reliance on data centers. However, these facilities predominantly utilize alternating current (AC) power sources. Yet, approximately half of the power supplied to data centers is lost during conversion and distribution to direct current (DC) power at the server level. To mitigate this inefficiency and reduce associated costs, there is a growing interest in implementing 380V DC power systems within data centers. This shift towards DC power can significantly enhance energy efficiency and minimize power losses, offering substantial cost savings for businesses. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • 0-24V DC
  • 48V DC
  • More than 48V DC
• End-user
  • Industrial
  • Telecom
  • Commercial
  • Others
• Component
  • Converters
  • Control units
  • Distribution panels
  • Batteries
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing Internet penetration and data traffic
• Rising demand from telecom industry
• Surging demand for direct current power systems for LEDs

However, the market also witnesses some limitations, which are as follows:

• High initial and maintenance costs
• Growing preference for gas generators
• Difficulties in keeping pace with changing customer demand

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Market Scope in Direct Current Power System Market Research Report

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Research Analysis Overview

The Direct Current (DC) Power System Market encompasses various applications such as High Voltage DC Transmission Lines, DC Traction Systems, and DC Power Supplies. It also includes Power System Modeling, DC Grid Control, Energy Efficiency Improvement, and Power Loss Reduction. DC Motor Control, Grid-Connected Inverters, Power Factor Correction, Data Acquisition Systems, SCADA Systems Integration, and Remote Monitoring Systems are key components. Real-Time Control Systems, Protective Relaying Schemes, Power Electronic Modules, IGBT-based Inverters, Synchronous Generators, Power System Optimization, Power Semiconductor Materials, DC Interruption Technologies, and DC Circuit Protection are other essential elements of this market.

Market Research Overview

The Direct Current Power System Market is a significant segment of the larger Global Electrical Components and Equipment Market. This market encompasses businesses specializing in dc power distribution, high-voltage dc transmission, power electronics converters, and renewable energy integration. The Global Electrical Components and Equipment Market, as calculated by Technavio, comprises manufacturers of electrical components and equipment, including water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Furthermore, the market includes rental and leasing services for electrical components and equipment to various industries such as industrial, commercial, and residential.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/