Direct Current Power System Market Size AndForecast
DirectCurrent Power System Market is growing at a faster pace with substantial growthrates over the last few years and is estimated that the market will growsignificantly in the forecasted period i.e. 2021 to 2028.
Highenergy efficiency, long-distance transmission, and low price are a few benefitsexpected to contribute substantially towards industry growth over the forecastperiod. The Global Direct Current Power System Market report provides aholistic evaluation of the market. The report offers a comprehensive analysisof key segments, trends, drivers, restraints, competitive landscape, andfactors that are playing a substantial role in the market.
GlobalDirect Current Power System Market Definition
TheDirect Current Power Systems are generally classified into DC to-DC powersupply and AC to DC power supply. These systems are primarily utilized in datacenters, telecom towers, commercial buildings, industrial loads, residentialloads, automotive, medical equipment, electronics appliances, and aircraft.Apart from this, the system utilizes semiconductor switches includingthyristors and diode for conversion process.
GlobalDirect Current Power System Market Overview
Increasingrequirements to attain energy efficiency has encouraged the demand for DirectCurrent Power Systems as DC power systems are more efficient compared to ACpower systems. Furthermore, proliferating the popularity of a higher capacityoptical network is offering significant growth opportunities to the market.Government initiatives including funding for the sustainable environment havepropelled the investment in the renewable sectors, which in turn, augmentingthe global Direct Current Power System Market growth.
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Inaddition, DC power systems are expected to see growth as increased demand fromtelecom companies leads to increased deployment. The advent of 4G and 5Gnetworks leads to steady growth of DC power systems as telecom base stationpower demand increases steadily. 5G deployment is the key driver for DC powersystems, which is expected to see modest growth between 2020 and 2022 as thepace of 5G investment slowly builds across the globe, with strong growth likelyto be seen around 2025.
Furthermore,the surge in demand for grid expansion results in an increase in the complexityof electric systems owing to a rise in the number of feed-in nodes. Thisfurther magnifies the probability of partial and total blackouts, which occurswhen supply flow exceeds the design criteria. HVDC has the ability toautomatically reverse the output polarity with the flip of a remote or switchcontrol signal, avoiding blackouts in these systems, which are also anticipatedto fuel product demand.
However,the complexity of designing and operating a multi-terminal HVDC system may posea challenge to growth. In addition, the growing need for the installation ofexpensive filter-compensation units to overcome the issues that arise fromreactive power consumption may further hamper growth over the next seven years.
GlobalDirect Current Power System Market: Segmentation Analysis
TheGlobal Direct Current Power System Market is segmented based on Voltage, EndUser, and Geography.
DirectCurrent Power System Market, By Voltage
•1,000 V
• 1,000-4000 V
• >4,000 V
Basedon Voltage, the market is bifurcated into 1,000 V, 1,000-4000 V, >4,000 V.The more than 4,000 V category accounted for over 45% of the overall revenue in2014, which is estimated to increase over the next seven years. This may belargely attributed to the increasing demand for offshore installations such asoil & gas platforms coupled with growing telecommunication infrastructure,which makes use of this voltage range to efficiently deliver adequate supply todesired locations.
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DirectCurrent Power System Market, By End User
•Telecom
• Industrial
• Commercial
Basedon End-User, the market is bifurcated into Telecom, Industrial, and Commercial.The industrial sector accounted for more than 40% of the overall share in 2014,which may be attributed to increasing demand for HVDC supply for equipmentmanufacturing and other related processes. Rapid industrialization,particularly in emerging countries including India and China coupled withgovernment initiatives to establish high voltage DC converters stations mayspur demand across the industrial segment.
DirectCurrent Power System Market, By Geography
•North America
• Europe
• Asia Pacific
• Rest of the world
Onthe basis of regional analysis, the Global Direct Current Power System Marketis classified into North America, Europe, Asia Pacific, and Rest of the world.Europe was the largest market and accounted for over 30% of global revenue in2014. The region is expected to witness healthy growth owing to the increasinggovernment regulations emphasizing the use of renewable energy resources andenergy savings. North America is anticipated to experience considerable growthover the next seven years, which may be ascribed to new policies in the U.S. toachieve efficient energy supply in the light of growing electricity demand.
KeyPlayers In Direct Current Power System Market
The“Global Direct Current Power System Market” study report will provide avaluable insight with an emphasis on the global market including some of themajor players such as ArtesynEmbedded Technologies, Delta Electronics, GE Industrial Solutions, Huawei, andLite-On Power System Solutions.
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