DC Power System Market to Cross $ 5 Billion by 2023
Rising demand for data centers, growing
telecom infrastructure and increasing need for renewable energy resources coupled
with increasing merger & acquisition activities to drive global DC power
system market through 2023
According to
TechSci Research report, “Global DC
Power System Market By Type, By End User, By Region, Competition Forecast
& Opportunities, 2013 – 2023’’, DC power
system market is forecast to reach $ 5.2 billion by 2023, backed by growing telecom
infrastructure, increasing merger & acquisition activities, rising demand
for data centers and growing need for renewable energy resources. Moreover, growing
railways and metro network, which make use of DC power systems for signaling
and electrification purposes, is expected to positively influence the DC power
system market, globally, during the forecast period. Growing popularity of
ultra-high capacity optical network and increasing number of electric vehicle
charging stations are some of the other factors that would fuel the market in
coming years.
Browse 22
market data Tables and 96 Figures spread through 164
Pages and an in-depth TOC on "Global DC Power System Market"
https://www.techsciresearch.com/report/dc-power-system-market/3547.html
Eltek Power System AS, Vertiv Corporation and Huawei
Investment & Holding Co., Ltd. are the major players operating in the
global DC power system market. In terms of type, global DC power system market
has been segmented into three categories, namely low power (below 4KW), medium
power (4.1-32KW) and high power (above 32KW). Of these, medium power segment
dominated the market in 2017 and is expected to maintain its market dominance
in coming years, owing to its wide use in telecom sector and data centers. Industrial
sector accounts for the largest market share, on the back of use of high-power
DC power system in PLC, battery charging purpose, etc.
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“North America dominated global DC power system market
during 2013-2017, on account of huge number of data centers and industries in
the region. However, in the coming years, Asia-Pacific DC power system market is
expected to grow at the fastest pace, owing to increasing telecom, commercial
and industrial capabilities in this region.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global DC Power System Market By Type, By End
User, By Region, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of global DC
power system market and provides statistics and 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
decision. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global DC power
system market.
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