Rising demand for data centers, growing telecom infrastructure and increasing need for renewable energy resources coupled with increasing merger & acquisition activities to drive global DC power system market through 2023
According to TechSci Research report, “Global DC Power System Market By Type, By End User, By Region, Competition Forecast & Opportunities, 2013 – 2023’’, DC power system market is forecast to reach $ 5.2 billion by 2023, backed by growing telecom infrastructure, increasing merger & acquisition activities, rising demand for data centers and growing need for renewable energy resources. Moreover, growing railways and metro network, which make use of DC power systems for signaling and electrification purposes, is expected to positively influence the DC power system market, globally, during the forecast period. Growing popularity of ultra-high capacity optical network and increasing number of electric vehicle charging stations are some of the other factors that would fuel the market in coming years.
Eltek Power System AS, Vertiv Corporation and Huawei Investment & Holding Co., Ltd. are the major players operating in the global DC power system market. In terms of type, global DC power system market has been segmented into three categories, namely low power (below 4KW), medium power (4.1-32KW) and high power (above 32KW). Of these, medium power segment dominated the market in 2017 and is expected to maintain its market dominance in coming years, owing to its wide use in telecom sector and data centers. Industrial sector accounts for the largest market share, on the back of use of high-power DC power system in PLC, battery charging purpose, etc.
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“North America dominated global DC power system market during 2013-2017, on account of huge number of data centers and industries in the region. However, in the coming years, Asia-Pacific DC power system market is expected to grow at the fastest pace, owing to increasing telecom, commercial and industrial capabilities in this region.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global DC Power System Market By Type, By End User, By Region, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of global DC power system market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global DC power system market.
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