Direct Current Power System Market to grow by USD 12.01 billion from 2022 to 2027; the increasing urbanization and changing consumer lifestyles to boost market growth - Technavio

NEW YORK, June 27, 2023 /PRNewswire/ -- The direct current power system market size is set to grow by USD 12.01 billion between 2022 and 2027 and register a CAGR of 7.61%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment. View Sample Report

The report also covers the following areas:

• Direct Current Power System Market size
• Direct Current Power System Market Trends
• Direct Current Power System Market industry analysis

Direct Current Power System Market 2023-2027: Segmentation

• Type 
• 0-24V DC Power System
• 48V DC Power System
• More Than 48V DC Power System
• End-user 
• Industrial
• Telecom
• Commercial
• Others
• Geography 
• APAC
• North America
• Europe
• South America
• Middle East and Africa

The market share growth of the 0-24V DC power system segment will be significant during the forecast period. This growth is due to the rising use of various devices and appliances that require 0-24V DC power systems, including LED lighting, computer peripherals, VoIP devices, and digital cameras. Developing economies such as India and China are leading in adopting electrical appliances, driven by the improving standard of living, and increasing economic activities. Hence, these factors contribute to the expanding adoption and demand for 0-24V DC power systems in the market.

Direct Current Power System Market 2023-2027: Vendor Analysis and Scope

Some of the major vendors of the direct current power system market include ABB Ltd., Advanced Energy Industries Inc., AEG Power Solutions BV, C and D Technologies Inc., Delta Electronics Inc., Dyna Hitech Power Systems Ltd., Eaton Corp. Plc, EnerSys, Good Will Instrument Co. Ltd., Heinzinger electronic GmbH, Hindustan Power Control System, Huawei Investment and Holding Co. Ltd., Infineon Technologies AG, Lite-On Technology Corp., MEAN WELL Enterprises Co. Ltd., Mitsubishi Motors Corp., ON Semiconductor Corp., RECOM Power GmbH, Rohde and Schwarz GmbH and Co. KG, Schaefer Inc., TDK Corp., Vertiv Holdings Co., Vicor Corp., and XP Power. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market.
Vendor Offering

• ABB Ltd. - The company offers direct current power systems that are appropriate for solar farms, battery energy storage, marine applications, microgrids, commercial and residential buildings, and industrial plants.
• Delta Electronics Inc. - The company offers a direct current power system that avoids interruptions to the connected loads caused by mains power failures, mains voltage deviations, or mains frequency deviations.
• Eaton Corp. Plc - The company offers a direct current power system that is controlled and protected using a semiconductor device allowing for precise control of overcurrent trips, fault currents, and connection.

Direct Current (DC) Power System Market 2023-2027: Market Dynamics

Key Drivers

The increasing urbanization and changing consumer lifestyles are key factors driving the global direct current power system market growth. There has been a significant change in consumer lifestyles, particularly in emerging economies, where a larger proportion of the population is seeking employment opportunities in urban areas rather than rural areas. This shift towards urbanization is a key driver for the market as it fosters the growth of business activities and construction industries, including the development of residential and commercial complexes in urban areas. Hence, the adoption of DC power systems is expected to increase across various end-user industries during the forecast period.   

Major Trends 

The growing developments toward using DC power sources in data centers are an emerging trend shaping the direct current power system market . The increasing demand for data storage and transfer, driven by the growth of cloud computing and the increasing number of connected devices, has led to a surge in data center adoption. To improve operational efficiency, data centers are increasingly considering the implementation of a 380 V DC power system.

Moreover, DC power distribution requires less physical space compared to AC power distribution, allowing for more space allocation to server racks and cooling equipment within the data center. Hence, these factors are expected to drive the market growth during the forecast period.

Significant Challenges

The growing preference for gas generators will be a significant challenge for the direct current power system market. The substitute for direct current (DC) power systems is the use of generators. However, diesel generators are currently facing challenges due to the growing regulatory focus on reducing harmful greenhouse gas emissions worldwide.

Furthermore, the customers have the option to switch to gas generators that run on natural gas. Several factors contribute to the increasing popularity of gas generators, including advancements in their design and production, declining costs of natural gas, and new regulations that restrict the use of polluting and noisy engines and on-site fuel storage. Therefore, these factors are expected to be the rising preference for gas generators as a substitute for diesel generators in various applications during the forecast period. 

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Direct Current Power System Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist direct current power system market growth during the next five years
• Estimation of the direct current power system market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the direct current power system market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of direct current power system market vendors

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Table of Content

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global direct current power system market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global direct current power system market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 0-24V DC power system - Market size and forecast 2022-2027 
• Exhibit 34: Chart on 0-24V DC power system - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on 0-24V DC power system - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on 0-24V DC power system - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on 0-24V DC power system - Year-over-year growth 2022-2027 (%)

• 6.4 48V DC power system - Market size and forecast 2022-2027 
• Exhibit 38: Chart on 48V DC power system - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on 48V DC power system - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on 48V DC power system - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on 48V DC power system - Year-over-year growth 2022-2027 (%)

• 6.5 More than 48V DC power system - Market size and forecast 2022-2027 
• Exhibit 42: Chart on More than 48V DC power system - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on More than 48V DC power system - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on More than 48V DC power system - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on More than 48V DC power system - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 49: Chart on Comparison by End-user
• Exhibit 50: Data Table on Comparison by End-user

• 7.3 Industrial - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Industrial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Industrial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

• 7.4 Telecom - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Telecom - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Telecom - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Telecom - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Telecom - Year-over-year growth 2022-2027 (%)

• 7.5 Commercial - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 67: Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 South Korea - Market size and forecast 2022-2027 
• Exhibit 109: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
• Exhibit 110: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 ABB Ltd.
• Exhibit 120: ABB Ltd. - Overview
• Exhibit 121: ABB Ltd. - Business segments
• Exhibit 122: ABB Ltd. - Key offerings
• Exhibit 123: ABB Ltd. - Segment focus

• 12.4 Advanced Energy Industries Inc. 
• Exhibit 124: Advanced Energy Industries Inc. - Overview
• Exhibit 125: Advanced Energy Industries Inc. - Business segments
• Exhibit 126: Advanced Energy Industries Inc. - Key offerings
• Exhibit 127: Advanced Energy Industries Inc. - Segment focus

• 12.5 AEG Power Solutions BV
• Exhibit 128: AEG Power Solutions BV - Overview
• Exhibit 129: AEG Power Solutions BV - Product / Service
• Exhibit 130: AEG Power Solutions BV - Key offerings

• 12.6 Delta Electronics Inc. 
• Exhibit 131: Delta Electronics Inc. - Overview
• Exhibit 132: Delta Electronics Inc. - Business segments
• Exhibit 133: Delta Electronics Inc. - Key offerings
• Exhibit 134: Delta Electronics Inc. - Segment focus

• 12.7 Eaton Corp. Plc
• Exhibit 135: Eaton Corp. Plc - Overview
• Exhibit 136: Eaton Corp. Plc - Business segments
• Exhibit 137: Eaton Corp. Plc - Key news
• Exhibit 138: Eaton Corp. Plc - Key offerings
• Exhibit 139: Eaton Corp. Plc - Segment focus

• 12.8 EnerSys
• Exhibit 140: EnerSys - Overview
• Exhibit 141: EnerSys - Business segments
• Exhibit 142: EnerSys - Key news
• Exhibit 143: EnerSys - Key offerings
• Exhibit 144: EnerSys - Segment focus

• 12.9 Hindustan Power Control System 
• Exhibit 145: Hindustan Power Control System - Overview
• Exhibit 146: Hindustan Power Control System - Product / Service
• Exhibit 147: Hindustan Power Control System - Key offerings

• 12.10 Huawei Investment and Holding Co. Ltd. 
• Exhibit 148: Huawei Investment and Holding Co. Ltd. - Overview
• Exhibit 149: Huawei Investment and Holding Co. Ltd. - Business segments
• Exhibit 150: Huawei Investment and Holding Co. Ltd. - Key news
• Exhibit 151: Huawei Investment and Holding Co. Ltd. - Key offerings
• Exhibit 152: Huawei Investment and Holding Co. Ltd. - Segment focus

• 12.11 Infineon Technologies AG 
• Exhibit 153: Infineon Technologies AG - Overview
• Exhibit 154: Infineon Technologies AG - Business segments
• Exhibit 155: Infineon Technologies AG - Key news
• Exhibit 156: Infineon Technologies AG - Key offerings
• Exhibit 157: Infineon Technologies AG - Segment focus

• 12.12 Lite On Technology Corp. 
• Exhibit 158: Lite On Technology Corp. - Overview
• Exhibit 159: Lite On Technology Corp. - Business segments
• Exhibit 160: Lite On Technology Corp. - Key offerings
• Exhibit 161: Lite On Technology Corp. - Segment focus

• 12.13 Mitsubishi Motors Corp. 
• Exhibit 162: Mitsubishi Motors Corp. - Overview
• Exhibit 163: Mitsubishi Motors Corp. - Business segments
• Exhibit 164: Mitsubishi Motors Corp. - Key offerings
• Exhibit 165: Mitsubishi Motors Corp. - Segment focus

• 12.14 ON Semiconductor Corp.
• Exhibit 166: ON Semiconductor Corp. - Overview
• Exhibit 167: ON Semiconductor Corp. - Business segments
• Exhibit 168: ON Semiconductor Corp. - Key offerings
• Exhibit 169: ON Semiconductor Corp. - Segment focus

• 12.15 Rohde and Schwarz GmbH and Co. KG 
• Exhibit 170: Rohde and Schwarz GmbH and Co. KG - Overview
• Exhibit 171: Rohde and Schwarz GmbH and Co. KG - Product / Service
• Exhibit 172: Rohde and Schwarz GmbH and Co. KG - Key offerings

• 12.16 TDK Corp.
• Exhibit 173: TDK Corp. - Overview
• Exhibit 174: TDK Corp. - Business segments
• Exhibit 175: TDK Corp. - Key news
• Exhibit 176: TDK Corp. - Key offerings
• Exhibit 177: TDK Corp. - Segment focus

• 12.17 Vertiv Holdings Co.
• Exhibit 178: Vertiv Holdings Co. - Overview
• Exhibit 179: Vertiv Holdings Co. - Business segments
• Exhibit 180: Vertiv Holdings Co. - Key news
• Exhibit 181: Vertiv Holdings Co. - Key offerings
• Exhibit 182: Vertiv Holdings Co. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 183: Inclusions checklist
• Exhibit 184: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 185: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 186: Research methodology
• Exhibit 187: Validation techniques employed for market sizing
• Exhibit 188: Information sources

• 13.5 List of abbreviations
• Exhibit 189: List of abbreviations

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