Direct Current Power System Market

 The term direct current power means one-way flow of electrons. Direct current power systems are categorized into alternate current-to-direct current power supply systems and direct current-to-direct current power supply systems. These systems are primarily employed in data centers, telecom towers, commercial buildings, medical equipment, electronic appliances, aircraft, and industrial as well as residential usage. In a direct current power system, the uninterruptible power system (UPS) takes in main power — usually utility AC — and outputs DC voltage while supplying backup power from the integrated batteries in the event of an extended power outage. When choosing the optimal direct current power system for your environment, it is important to take into account all of this information. Since DC UPS can vary depending on the application they are used for, it is critical to understand the critical system element to ensure your backup solution will execute as hoped.

COVID-19 Impact analysis

The COVID-19 pandemic has had a significant negative influence on energy consumption in 2020. This action impacted energy consumption, energy production, and electricity prices. As there was lesser utilization of electricity, most of the major end-use industries had stopped their work such as manufacturing industries and others. However, telecommunication was one of the few industries that was still operating. As the heaviest users of electricity, here direct current, are manufacturing industries, were closed during the pandemic, thus it can be said that gradually direct current power system market will come back to its old state. 

Top Impacting Factors

Growing requirements to attain energy efficiency has fueled the demand for direct current power systems as they are more efficient as compared to AC power systems. Moreover, growing popularity of a higher capacity optical network is offering substantial growth opportunities to the market. Government initiatives including monetary support for the sustainable environment have boosted the investment in the renewable sectors, which in turn, drives the global direct current power system market growth.

In addition, upsurge in demand for grid expansion resulted in the rise of the complexity of electric systems owing to growing number of feed-in nodes. This will further amplifies the probability of partial and total blackouts, which occurs when supply flow exceeds the design criteria. High voltage direct current has the quality to automatically reverse the output polarity with the flip of a remote or switch control signal, averting blackouts in these systems, which are also anticipated to fuel the direct current power system demand.

Nevertheless, the complexity of designing and operating a multi-terminal direct current power system may pose a challenge to growth. Furthermore, the increasing need for the installation of expensive filter-compensation units to subdue the problem that arise from reactive power consumption is expected to further hamper growth over the oncoming years.

Market Trends

• Monetary revenue from the direct current power system market in Asia-Pacific and North America are estimated to grow at a high rate during the forecast period, as companies in these regions are making high investments in the telecommunication sector, which is a key end-user of direct current power systems. Furthermore, rate of usage of smart phones is high in these regions. Deployment of the 5G network includes rising power requirement, which can be fulfilled by modular and highly efficient direct current power systems.
• Direct current power system market is classified into North America, Europe, Asia-Pacific, and LAMEA. Europe is one of the largest market and accounted for a huge market domination in the past. The region is estimated to witness steady growth owing to the increasing government regulations encouraging the use of renewable energy resources and energy savings which uses direct current power system.
• North America is expected to experience considerable growth over the coming, which may be owing to new policies in the U.S. to achieve efficient energy supply in the light of rising electricity demand.

Key Segments Covered

Key Benefits of the Report

• This study presents the analytical depiction of the direct current power system industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the direct current power system market share.
• The current market is quantitatively analyzed from 2020 to 2028 to highlight the direct current power system market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed direct current power system market analysis based on competitive intensity and how the competition will take shape in coming years. 

 Direct Current Power System Market Report Highlights