India DC Power Systems Market is expected to grow at a robust CAGR

India DC Power Systems Market is expected to grow owing to government schemes, policies, and incentives promote the adoption of DC power systems throughout the forecast period.

 

According to TechSci Research report, “India DC Power Systems Market – By Region, Competition, Forecast and Opportunities, 2019-2029”, the India DC Power Systems Market is expected to register robust growth during the forecast period. DC power systems possess inherent energy efficiency advantages over traditional AC (Alternating Current) systems. By minimizing energy losses during transmission and distribution, they offer a cost-effective solution for power delivery. As India places increasing importance on energy efficiency in its pursuit of sustainable energy, the adoption of DC power systems becomes crucial to reduce wastage and enhance overall energy conservation. One of the significant opportunities in the DC power systems market in India lies in rural electrification and off-grid solutions. A substantial portion of India's population still lacks access to reliable electricity, primarily in remote and rural areas. DC power systems, such as DC microgrids and standalone solar installations, can offer affordable and sustainable energy solutions for these underserved regions. Government initiatives like the "Saubhagya Scheme" and "Deen Dayal Upadhyaya Gram Jyoti Yojana" provide incentives for rural electrification projects, fostering a conducive environment for DC power system providers.

 

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Based on type, the 4.1-32 kW segment is expected to dominate the market during the forecast period. DC power systems ranging from 4.1-32 kW play a crucial role in integrating renewable energy sources such as solar and wind into the grid. These systems are responsible for converting and managing the DC power generated by renewables, feeding it into the existing electrical infrastructure. In India's renewable energy ecosystem, they are indispensable components. Government schemes and incentives, like the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, aim to promote clean energy and energy efficiency, encouraging the adoption of DC power systems in this segment. Subsidies and financial support for renewable energy installations have a positive impact on market growth, intensifying competition among manufacturers and suppliers in this power range. To maintain a competitive edge, companies must prioritize innovation and quality.

Based on application, the Telecom segment is projected to dominate the market throughout the forecast period. Telecommunications companies are increasingly prioritizing energy efficiency and sustainability. DC power systems are well-known for their energy efficiency, effectively reducing operational costs and minimizing environmental impact. This aligns with the industry's ongoing commitment to reducing carbon emissions and optimizing operational expenses. In India, where grid connectivity is often challenging, especially in remote and off-grid locations like rural areas and hilly terrain, DC power systems, including DC microgrids and solar-based DC systems, offer a practical solution for powering these remote sites. By leveraging such systems, telecom operators can expand their reach and ensure uninterrupted network services. Government initiatives, such as the BharatNet project, aimed at expanding digital connectivity, are driving investments in telecom infrastructure, frequently involving the integration of DC power systems. Furthermore, incorporating energy storage solutions with DC power systems can further enhance reliability and efficiency. Telecom companies may explore advanced battery technologies to extend backup power durations. The expansion of telecom services to remote and underserved areas, bolstered by government initiatives, presents a growing market for DC power systems, particularly those powered by renewable energy sources.

Key market players in the India DC Power Systems Market are:-

• Delta Electronics India
• Emerson Network Power
• Eltek India
• Schneider Electric India
• Luminous Power Technologies
• Microtek International
• Socomec India
• Aplab Limited
• Amara Raja Power Systems
• Su-Kam Power Systems

 

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“The India DC Power Systems Market in South India is poised to be the dominant force in the industry. South India boasts a robust industrial and commercial sector encompassing automotive manufacturing, electronics, and IT services. Efficient power solutions are indispensable for these industries, and DC power systems present attractive options due to their energy efficiency and power quality advantages.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India DC Power Systems Market Segmented By Type (Below 4 kW, 4.1-32 kW and Above 32 kW), By Application (Telecom, Industrial, Commercial and Others), By Region, and By Competition, 2019-2029F,” has evaluated the future growth potential of India DC Power Systems Market and provides statistics & 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 decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India DC Power Systems Market.

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