19-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “DC Distribution Networks Market By Application (DC Data Center Micro Grid, Commercial Building Grid, Telecommunication Tower, LED Lighting Anchor, Military Application, Electric Vehicle Charging, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global DC distribution networks market in 2019 was approximately USD 4,000.00 Million. The market is expected to grow at a CAGR of around 5.0% and is anticipated to reach around USD 5,550.00 Million by 2026.
Electrical power is nearly generated, distributed and transmitted in AC form. Though, for definite applications, the DC supply is totally necessary. For instance, variable speed machinery including DC motors, severe areas where storage battery reserves are very essential. Improvements in power electronics have made it likely to transform DC voltage levels and conversion between AC and DC efficiently. It is now possible to switch the existing AC distribution network with the DC distribution network. Distribution generation from wind and solar energy is growing speedily and both of these sources are essentially DC. A huge number of office and household appliances require low voltage DC. These appliances are served with AC supply and then converted to lower voltage and transformed into DC by internal circuitry. Harmonic matters, skin effect, phase balancing problems, etc. are not present in DC systems. DC energy can be stored simply in fuel cells and batteries. Likewise, backup batteries can be used easily in case of power supply failure. DC electric power distribution systems have a better current carrying capacity, greater efficiency, and quicker response when related to conventional AC systems. They also deliver a more natural edge with several types of renewable energy sources. Besides, there are fewer issues with power quality, reactive power flow, and frequency regulation, resulting in a remarkably less complex control system. All these facts lead to augmented applications of DC systems in modern power systems.
Browse the full “DC Distribution Networks Market By Application (DC Data Center Micro Grid, Commercial Building Grid, Telecommunication Tower, LED Lighting Anchor, Military Application, Electric Vehicle Charging, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/dc-distribution-networks-market-by-application-dc-data-814
The global DC distribution networks market is expected to grow owing to the in-demand by growing demand for DC dependent infrastructure, an increase in distribution efficiency and an extensive focus on research and development by key players. The growing acceptance of electric vehicles, reassuring government policies are anticipated to witness significant growth in the global DC distribution networks market within the forecast period. Policies play a critical role. In developed nations, electric mobility uses a diversity of measures like fuel economy standards combined with inducements for low-emission and zero-emission vehicles, economic instruments that support bridge the cost gap between conventional and electric vehicles and support for the distribution of charging structure. Increasingly, policy support is being extended to address the strategic importance of the battery technology value chain. Huge installation costs, safety concerns, and lack of enthusiasm that might hamper the market’s growth. Innovations, research and development activities in the technology of the DC Distribution Networks and increased government investment in power industries are anticipated to open new avenues for the DC distribution networks market in the near future.
By application, the global DC distribution networks market is bifurcated into the DC data center microgrid, commercial building grid, telecommunication tower, led lighting anchor, military application, electric vehicle charging, and others. Among the above-mentioned segment, the telecommunication tower segment was accounted for more than 20.0% revenue share in 2019. Next-generation networks are focusing on decentralizing their architectures to meet the capacity, speed, and latency issues, sourcing local, reliable and economical network power solutions. The growth in the telecommunication industry in the past few years has increased the demand for DC Distribution Networks in the telecommunication sector.
On the basis of region the DC distribution networks market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. In 2019, the Asia Pacific region dominates the DC distribution networks market among all the regions followed by Europe in terms of value.
Some of the key players operating in the market include ABB, Siemens AG, Vertiv Critical Power(Emerson), Mobisol Group (ENGIE), Pareto Energy, Pika Energy, Nextek Power Systems, and EnSync Energy System, among others.
This report segments the global DC distribution networks market as follows:
Global DC Distribution Networks Market: Application Analysis
- DC Data Center Micro Grid
- Commercial Building Grid
- Telecommunication Tower
- LED Lighting Anchor
- Military Application
- Electric Vehicle Charging
Global DC Distribution Networks Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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