The DC distribution network system is highly efficient, fast responsive and has better capacity to carry current as compared to AC distribution network. This DC distribution network conveys natural interface between several types of renewable energy sources. This network system requires less space, easy installation, highly efficient equipment, economic and least maintenance over the AC Distribution. Besides, the total annual implementation spending of DC distribution is expected to grow from $11 billion in 2021 to $48.4 billion by 2027.
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The Global DC Distribution Network market is increasing gradually with a significant value, the market was estimated at $3.2 billion in the year 2020 and it is expected to grow at a greater pace by 2027 with projected revenue of $4.3 billion, growing at a significant CAGR of 4.3% during the forecast period 2024-2031. The increase in distribution efficiency, enhanced application over AC distribution, increasing demand for DC dependent infrastructure and the government policies in developing DC distribution are some major factors that drive the market growth of the Global DC Distribution Network market. Additionally, the foremost market driving factors include- advantages and widespread application of DC distribution over the AC distribution network, in terms of power sharing with different frequencies between the systems.
The market driver for DC Distribution Network, based on the segments include- By product type, by application type and by region. Based on the product type, the market is further segmented as low voltage, medium voltage and high voltage. The low voltage DC distribution segment dominates the global market and explores innovative possibilities for network development. Hence, contributes as the market driving factor and is projected to drive the growth of the Global DC Distribution Network market. Based on the region, the market is dominated by the Asia-Pacific region, as it serves as the highest growing market for DC Distribution network and is further expected to drive the market growth in this region, which will propel the market size and global value of DC Distribution network market.
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Market Coverage
- Segment Covered-
o By Product Type
o By Application
- Competitive Landscape- ABB Ltd., AcBel Polytec, Cosel Co. Ltd, Cincon Electronics Co. Ltd., Johnson Controls, and Siemens AG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global DC Distribution Network Market Report Segment
By Product Type
- Low Voltage
- Medium Voltage
- High Voltage
By Application
- Commercial Building Subsystems
- Electric Vehicle Charging Systems
- Telecom/Village Power Systems
- LED Lighting Anchors
- Military Applications
- others
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