According to Technavio’s latest market research study, the global DC power system market is expected to grow at a CAGR of close to 5% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global DC power system market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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The top three revenue contributing product segments are discussed below
Global DC power system market in telecom sector: The increasing investment in the telecom segment will boost the demand for DC power systems market. The increasing dependency of the telecom industry on DC power supply to maintain its online status will fuel growth in this market segment. The deployment of LTE networks across the globe especially in emerging nations will increase the requirement for high-performance power systems in the market.
“The global DC power market is primarily driven by the extensive use of mobile broadband services. The advent of 4G/LTE networks will increase the use of internet on all mobile devices. It is predicted that the deployment of LTE networks across the globe will help provide better connectivity and increase the demand for DC power system in the market,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.
Global DC power system market in the industrial sector: The growing application of arc furnace, pump, compressor, welding, and electrorefining using DC power systems will augment the growth of this market segment. One of the key revenue contributors in this market segment is the industrial printing segment.
Global DC power system market in commercial sector: The rising investments and growing number of construction activities across the globe will fuel the growth of this market segment. The rise in the use of VoIP, LED lighting in offices, and IP cameras are the key drivers for the growth of this segment. Furthermore, high adoption rates of centralized DC power systems in offices and buildings with 380 V grids will increase the requirement for these devices in the market.
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The top vendors operating in the global DC power system market are:
- Artesyn Embedded Technologies
- Delta Electronics
- GE Industrial Solutions
- Huawei
- Lite-On Power System Solutions
Other prominent vendors in the market include AEG Power Solutions, Alpha Group, C&D Technologies, Critical Power USA, Eaton, MEAN WELL, and Power Magnetics.
A more detailed analysis is available in the Technavio report titled, ‘Global DC Power System Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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