Global Direct Current Power System Market growing at a CAGR of 7.8 % from 2023 to 2030
Category : Energy and Power | Published Date : May 2023 | Type : Press Release
Key Market Overview
The global Direct Current Power Systems market was valued at USD 29,984.41 Million in 2022. The market is expected to register a compound annual growth rate of 7.8% and is anticipated to reach USD 53,670.64 Million in 2030.
The report highlights the growing demand for telecom infrastructure as key factor driving the adoption of direct current power systems. Consegic Business Intelligence provides an inclusive research report on the direct current power systems market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Direct Current Power Systems Market By Overview
The report analyses significant segments such as type, end-user, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing demand -24V DC Power System, 48V DC Power System, and More than 48V DC Power System in telecom sector. The increasing demand reliable and safe power systems is accelerating the growth of this segment. Moreover, the increasing adoption of direct current power systems to for electric vehicle charging is propelling the growth of the market.
Get Free SampleMarket Dynamics
Driver:
- Surging adoption of Battery Energy Storage Systems (ESS) is driving the market growth.
- Increasing data centers and telecommunication infrastructure is fueling the adoption of direct current power systems.
- Growing initiatives to shift towards renewable energy sources.
Restraints:
- High cost of infrastructure to shift from AC to DC power.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | 0-24V DC Power System, 48V DC Power System, and More than 48V DC Power System |
| By End-User | Telecom, Industrial, and Commercial |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global Direct Current Power Systems market is highly competitive due to the presence of major players such as ABB, Eaton, ENERSYS, Helios Power Solutions, Advanced Energy Industries, Inc., AEG Power Solutions, Heinzinger electronic GmbH, operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in direct current power systems are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- ABB
- Eaton
- ENERSYS
- Helios Power Solutions
- Advanced Energy Industries, Inc.
- AEG Power Solutions
- Heinzinger electronic GmbH
- Huawei Technologies Co., Ltd.
- Vertic Group Corp.
- Schneider Electric
- ZTE Corporation
- GS Yuasa International Ltd.
