Latest News- Direct Current Power System Market: 0-24V DC power system is expected to lead the Type segment during 2024-2028

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 7.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 13.12 billion. In today's business landscape, the surge in data storage and transfer requirements driven by cloud computing and the proliferation of connected devices has led to a significant increase in the construction of data centers. Traditionally, alternating current (AC) power has been the preferred choice for powering these facilities. However, approximately half of the power supplied to a data center is lost during conversion and distribution from AC to direct current (DC) at the server level. To mitigate this power inefficiency and reduce associated costs, there is a growing interest in implementing 380V DC power systems in data centers. This technology offers several advantages, including reduced power losses, increased energy efficiency, and improved power quality. By adopting 380V DC power systems, data center operators can significantly enhance their energy management strategies and boost their bottom line. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • 0-24V DC power system
  • 48V DC power system
  • More than 48V DC power system
• End-user
  • Industrial
  • Telecom
  • Commercial
  • Others
• Application
  • Telecommunications
  • Data Centers
  • Automotive
  • Industrial
  • Renewable Energy
• Component
  • Power Supplies
  • Converters
  • Inverters
  • Controllers
  • Batteries
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • North America
    • US
  • Europe
    • Germany
  • South America
  • 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:

• Ongoing slowdown faced by the Chinese economy
• 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 including data centers, telecom towers, commercial buildings, medical equipment, electronic appliances, aircraft, and industrial usage for both residential and commercial sectors. DC systems offer backup solutions through Uninterruptible Power Systems (UPS) and integrated batteries during extended power outages. DC UPS serves as a backup solution for critical loads, ensuring energy efficiency and sustainability. DC power systems are also utilized in energy-intensive applications like optical networks, electric vehicles, and charging infrastructure, contributing to carbon emissions reduction. Sustainability and energy efficiency are key drivers for the market's growth in sectors like telecommunications networks and AC power systems.

Market Research Overview

The Direct Current (DC) Power System Market is a significant segment of the global electrical components and equipment market, according to Technavio's market research. This market caters to various industries such as data centers, telecom towers, commercial buildings, medical equipment, electronic appliances, aircraft, and others. The parent market, the global electrical components and equipment market, encompasses companies involved in the manufacturing of electrical cables and wires, electrical components, and electrical equipment. Key product categories under this market include 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. Technavio estimates the global electrical components and equipment market size based on the combined revenue generated by these manufacturers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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Website: www.technavio.com/