LONDON--(EON: Enhanced Online News)--The global direct current (DC) power system market is expected to grow at a CAGR of close to 5% during the forecast period, according to Technavio’s latest market research.
“Moreover, the governments' initiative to promote the use of renewable energy in China and India should also drive the DC power system market in APAC during the forecast period”
In this market research report, Technavio covers the market outlook and growth prospects of the global DC power system market for 2017-2021. The market is further categorized into four main end-user segments, including telecom, industrial, and commercial, and others. In 2016, the telecom and other segments (residential, medical, aerospace, and automotive) contributed to 58% of the market.
“The global DC power system market is expected to grow at a CAGR of close to 5% during the forecast period. Increased use of LED lighting and rising demand for data center are expected to drive both the residential and commercial segments during the forecast period. Also, renewable energy and embedded power systems are expected to drive the industrial segment,” says Bharath Kanniappan, a lead automation research expert from Technavio.
Technavio’s industrial automation research analysts segment the global DC power system market into the following regions:
In 2016, with a market share of close to 39%, the Americas emerged as the market leader in the global DC power system market, followed by EMEA with 32% and APAC with around 29%.
Americas: demand for 380 V DC power systems to boost growth
The growth of DC market in this region is predicted to be slow due to both mature economy and mature telecom sector. However, Technavio analysts expect high growth in this region in the DC power supply market during 2016-2019 due to increased demand for 380 V DC power system. The market for 380 V DC power system will serve as the replacement market for 48 V DC power systems in data centers and telecom network. Moreover, it is also expected that the use of 380 V DC supply in commercial buildings will increase by 2%-4% during the forecast period.
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EMEA: telecom and commercial sectors to fuel growth
The economy of Western Europe is mature, and the telecom market is nearing saturation in this region with more than 70% penetration of smartphones. However, the growth of 4G/LTE, high-speed broadband Internet, and mobile data service is high in Europe. The increased usage of high-speed data services in Europe is a potential source of growth for the DC power system market as it would result in higher investments in data centers. Also, the use of 380 V systems in commercial buildings augurs well for the growth of the European market during the forecast period.
The Middle East and Africa represent a large potential for development, particularly in telecom infrastructure due to the ongoing relaxation in government policies. Therefore, Technavio expects 7%-9% growth in the Middle East and Africa's telecom market during the forecast period, further promoting the growth of the DC power system market in the region.
APAC: increased demand from telecom and industrial sectors
The smartphone penetration in APAC increased from 36% to 44% during 2014-2016. However, India, Thailand, and the Philippines still have less than 40% market penetration. India alone accounts for one-fourth of the population of APAC and is one of the fastest-growing economies in the world. It is expected that during the forecast period, the telecom infrastructure in India will see high growth due to the growing number of smartphone users and increased mobile data penetration.
“Moreover, the governments' initiative to promote the use of renewable energy in China and India should also drive the DC power system market in APAC during the forecast period,” says Bharath.
The top vendors in the global DC power system market as highlighted in this market research analysis are:
- Artesyn Embedded Technologies
- Delta Electronics
- GE Industrial Solutions
- Lite-On Power System Solutions
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