Global DC Distribution Network Markets Report 2021: Market to Reach $15.6 Billion by 2026 - Rising Investments in Smart Grids Drives Growth - ResearchAndMarkets.com

The "DC Distribution Network - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global DC Distribution Network Market to Reach US$15.6 Billion by the Year 2026

The global market for DC Distribution Network estimated at US$10.9 Billion in the year 2020, is projected to reach a revised size of US$15.6 Billion by 2026, growing at a CAGR of 6.2% over the analysis period.

DC power is emerging to become a standard for electricity distribution infrastructure in several applications, and is likely to take the place of AC.

The presence of DC distribution network in a number of low-to-high voltage applications is among the major drivers of the direct current distribution market. Moreover, factors such as the growing renewable energy sector, compatibility of DC distribution with battery storage devices, and the advantages of DC distribution over AC distribution, including power sharing between power systems with varied frequencies, are expected to drive growth of the market.

The DC distribution network is an important aspect for the future of smart grids. As such, the popularity of flexible DC distribution network in the power industry is due to its higher reliability, reduced energy losses, and lower construction and integration costs. The increase in the number of plug-in electric vehicles (PEVs), including plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs), is also anticipated to boost market prospects.

Further, there are also initiatives focused on improved energy access and telecom towers in the developing regions, by building new DC distribution networks in areas where an incumbent AC infrastructure is not present.

The rising demand for electricity and the growing share of renewable energy in the overall generation mix coupled with rapidly aging infrastructure are driving need to increase investments into power grid infrastructure, which will present potential for growth in the DC distribution network market.

However, the market faces some common challenges that include an innovation gap in the service of electricity in the medium voltage level in the range of 240V to 400V that is required for several microgrids as well as building-scale nanogrids; open grid architectures that could enable integration of the growing diversity of resources that are being plugged increasingly into retail power grids; and a lack of standards.

The U.S. Market is Estimated at $2.3 Billion in 2021, While China is Forecast to Reach $3.4 Billion by 2026

The DC Distribution Network market in the U.S. is estimated at US$2.3 Billion in the year 2021. The country currently accounts for a 19.8% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$3.4 Billion in the year 2026 trailing a CAGR of 7.2% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR while Rest of European market (as defined in the study) will reach US$3.7 Billion by the end of the analysis period.

DC distribution systems feature the potential to make power available to greater number of applications and larger areas and meet the increasing need for power in the Asia Pacific region.

Other major trends driving Asia Pacific's DC distribution network market include the mismatch between demand location and renewable source, growing demand for DC-dependent infrastructure, and higher distribution efficiency of DC distribution network.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 on Global Electricity Demand
• Pandemic Severely Disrupts Demand for Distribution Equipment and Network
• An Introduction to DC Distribution Network
• Recent Market Activity
• Global Market Prospects & Outlook
• EVs Fast Charging Systems: A Key Segment Driving Growth
• Regional Analysis
• China: Way Ahead of the Competition
• Europe: A Major DC Distribution Network Market

2. FOCUS ON SELECT PLAYERS (Total 30 Featured)

• ABB Ltd.
• Allis Electric Co., Ltd.
• Eaton Corporation PLC
• Johnson Controls, Inc.
• Nextek Power Systems
• Pareto Energy Ltd
• Secheron SA
• Siemens AG
• Vertiv Group Corp.

3. MARKET TRENDS & DRIVERS

• Advantages of Using DC Electricity
• DC Holds Potential to Supplant AC
• AC vs DC
• Functioning of DC Generators
• Increasing Demand for DC Energy
• DC for Battery Storage
• Growing Emphasis on DC R&D
• Digitization of Energy Favors Growth of Energy Distribution Market
• Power T&D (Transmission and Distribution) Grids Trends Bode Well for DC Distribution Network Systems
• Rising Investments in Smart Grids Drives Growth
• Electricity Demand Patterns to Enhance Demand
• Pandemic Impact on Electric Power Sector
• Move Towards Sustainability Bodes Well
• Role of DC in Data Centers
• Strong Smart City Investments to Fuel Large-Scale Adoption of DC Distribution Network
• Demographic Trends and Urbanization to Drive Demand

4. GLOBAL MARKET PERSPECTIVE

• World Current & Future Analysis for DC Distribution Network by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2020 through 2027 and % CAGR
• World Historic Review for DC Distribution Network by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2012 through 2019 and % CAGR
• World 15-Year Perspective for DC Distribution Network by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2021 & 2027

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/r9fmq9

View source version on businesswire.com: https://www.businesswire.com/news/home/20220203005605/en/