Direct Current Power System Market Size to grow by USD 13.12 billion between 2024-2028
According to a research report “ Direct Current Power System Market” by Type (0-24V DC power system, 48V DC power system, More than 48V DC power system) End-user (Industrial, Telecom, Commercial, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 13.12 billion, at a CAGR of 7.7% during the forecast period. The expansion of 4G and 5G networks has led to a surge in data transfer speeds and extensive Internet penetration, with global smartphone Internet user penetration rising from 63% in 2019 to 66% in 2022. The 4G Long-Term Evolution (LTE) technology, which supports voice, data, and multimedia, has experienced significant growth worldwide, including in developing and developed economies. This increasing demand for continuous data service is driving the global direct current (DC) power system market as telecommunications companies adopt 48V DC power systems in their stations to ensure uninterrupted power supply for their advanced network infrastructure..
Browse market data tables, figures, and in-depth TOC on “Direct Current Power System Market” by Type (0-24V DC power system, 48V DC power system, More than 48V DC power system) End-user (Industrial, Telecom, Commercial, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Type, the 0-24V DC power system segment is projected to dominate the market size in 2024
The global market for 0-24V Direct Current (DC) power systems is experiencing significant growth due to the increasing proliferation of mobile devices, computers, and electrical appliances that require low-voltage DC power supplies. Developing economies, particularly India and China, are driving this trend as their populations adopt more electrical appliances, fueled by improving standards of living and economic growth. This demand is expected to continue, making developing economies a major growth area for the 0-24V DC power systems market during the forecast period.
By End-user, Industrial segment is expected to hold the largest market size for the year 2024
Direct current (DC) power systems have gained significant traction in various industrial applications, including arc furnaces, pumps, compressors, welding, smelting of aluminum, railways, and electrorefining. The recent decline in crude oil prices has led to reduced investment in the oil, gas, and allied industries, resulting in a shift in demand towards other industrial applications for DC power systems. Furthermore, the automotive sector's aggressive investment in industrial electrocoating, which necessitates uninterrupted power from DC systems, is another growing market. The increasing global urbanization and population growth are driving manufacturing activities, leading to a surge in demand for various products and subsequently, an escalating need for reliable power systems like DC power systems.
APAC is forecasted to hold the largest market size by region in 2024
The Direct Current (DC) power system market in the Asia Pacific (APAC) region is experiencing significant growth due to escalating demand for smartphones and increased mobile data penetration. Governments in key markets, particularly India and China, are promoting the use of renewable energy sources, creating a favorable environment for the DC power system market. Additionally, regulatory support for energy-efficient lighting sources and the industrial, medical, and scientific sectors in China and India is driving the adoption of LED lighting and subsequent demand for DC power systems in APAC. This trend is anticipated to persist throughout the forecast period.
The Direct Current Power System Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Direct Current (DC) Power System market is experiencing significant growth due to the increasing demand for telecommunications networks, charging infrastructure for electric vehicles (EVs), and the push towards sustainability and energy efficiency. DC power systems offer several advantages over traditional AC power systems, including energy efficiency, backup solutions during extended power outages, and the ability to integrate batteries for storage. Telecommunications networks and charging infrastructure are key applications for DC power systems, as they require a constant power supply and can benefit from the energy efficiency and backup capabilities of DC systems. In the transportation sector, DC power systems are used to charge EVs, reducing carbon emissions and contributing to a more sustainable future. DC power systems are also used in various industries, including aviation, where they provide power to electronic appliances and medical equipment. In commercial buildings and data centers, DC power systems offer energy efficiency and reliability, making them an attractive option for uninterruptible power systems (UPS). Telecom towers and data centers also use DC power systems to ensure the continuity of their operations. DC power systems can operate at DC voltage, bypassing the need for AC-DC conversion, making them more energy efficient and cost-effective. Utilities are also exploring the use of DC power systems as an alternative to traditional AC power grids, offering potential benefits in terms of energy efficiency and grid stability. Overall, the DC power system market is poised for growth, driven by the increasing demand for sustainable, energy-efficient solutions in various industries.
Market Research Overview
The Direct Current (DC) Power System Market is witnessing significant growth due to the increasing demand for voltage types suitable for various industries, including the medical industry and telecommunications. DC power systems offer advantages such as power output flexibility, energy efficiency, and compatibility with renewable energy sources. In the medical industry, DC power systems are essential for powering sensitive medical equipment. In telecommunications, DC power systems are used in filter units to ensure the stability of telecommunication networks and reduce reactive power consumption. Fuel availability and expertise and skills are crucial factors in the adoption of DC power systems, particularly in gas generator systems. Regulatory hurdles and interoperability are challenges that need to be addressed for the widespread adoption of DC power systems. Energy storage technologies, such as integrated batteries, play a crucial role in providing backup solutions during extended power outages. DC power systems are also used in electric vehicles, charging infrastructure, and aircraft. Sustainability and energy efficiency are key drivers for the DC power system market. The market is expected to grow in the renewable sectors, with DC UPS systems providing a backup solution for feed in nodes during grid expansion. Carbon emissions are a concern, and DC power systems offer a sustainable solution by reducing the need for AC to DC conversion, which results in energy loss. The market for DC power systems is expected to grow in residential, industrial, commercial buildings, telecom towers, data centers, and electronic appliances. The DC power system market also includes vacuum components, which are used to maintain output polarity and prevent blackouts, including total and partial blackouts. The market is expected to grow in the coming years, driven by the increasing demand for energy efficient solutions and the integration of DC power systems in various industries.
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