Global Direct Current Power System Market 2024-2028
The direct current power system market is forecasted to grow by USD 13.12 bn during 2023-2028, accelerating at a CAGR of 7.7% during the forecast period. The report on the direct current power system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing internet penetration and data traffic, rising demand from telecom industry, and surging demand for direct current power systems for LEDs.
Technavio's direct current power system market is segmented as below:
By Type
- 0-24V DC power system
- 48V DC power system
- More than 48V DC power system
By End-user
- Industrial
- Telecom
- Commercial
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing developments toward using direct current power sources in data centers as one of the prime reasons driving the direct current power system market growth during the next few years. Also, growing demand for 380V centralized direct current power system and growing demand for decentralized renewable energy will lead to sizable demand in the market.
The report on the direct current power system market covers the following areas:
- Direct current power system market sizing
- Direct current power system market forecast
- Direct current power system market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading direct current power system market vendors that include ABB Ltd., Advanced Energy Industries Inc., AEG Power Solutions BV, C and D Technologies Inc., Delta Electronics Inc., Dyna Hitech Power Systems Ltd., Eaton Corp. Plc, Emerson Electric Co., EnerSys, Good Will Instrument Co. Ltd., Hindustan Power Control System, Huawei Technologies Co. Ltd., Infineon Technologies AG, Lite On Technology Corp., MEAN WELL Enterprises Co. Ltd., Mitsubishi Motors Corp., ON Semiconductor Corp., RECOM Power GmbH, Rohde and Schwarz GmbH and Co. KG, Schaefer Inc., TDK Corp., Vertiv Holdings Co., Vicor Corp., and XP Power. Also, the direct current power system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.