Middle-East and Africa Dc Distribution Networks Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Middle-East and Africa DC distribution networks market is expected to grow at a CAGR of over 6% during the forecast period of 2020 – 2025. The appearance of direct current (DC) distribution network in several low-to-high voltage applications is one of the catalysts driving the transformation of the electricity distribution market. Factors such as growth in the renewable energy sector, compatibility with battery storage devices, and advantages over AC distribution, like power-sharing between systems with different frequencies are expected to drive the market over the forecast period. High initial cost and a lot of complexity compared to generic distribution networks are the factors expected to hinder the growth of the market studied.
Key HighlightsThe Middle-East and Africa DC distribution networks market is consolidated. Some of the major players include Eaton Corporation PLC, Vertiv Group Corp., Siemens AG, ABB Ltd, and Secheron Sa.
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