Direct Current Power System Market Size, Share, Trends, Analysis and Forecasts To 2021
Market Research analysts forecast the global DC power system market to grow at a CAGR of 4.98 % during the period 2017-2021.
following companies as the key players in the global DC power system market: Artesyn Embedded Technologies, Delta Electronics, GE Industrial Solutions, Huawei, and Lite-On Power System Solutions.
Other Prominent Vendors in the market are: AEG Power Solutions, Alpha Group, C & D Technologies, Critical Power USA, Eaton, MEAN WELL, and Power Magnetics.
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Commenting on the report, an analyst said: One trend in market is growing popularity of ultra-high capacity( 100G / 400G) optical network. Today, the majority of data centers use 40G capacity of optical transmission. The rising demand for faster data transmission along with growing economy has shifted the focus toward high-capacity 100G transmission, which will result in faster transfer of bulky data. Many network equipment manufacturers have also initiated their trial for introducing 400G transmission capabilities to the network. Hence, this will increase the demand for high-durability DC power back up. The high-speed network will also promote innovation in electronic devices because old equipment may not always support the high-speed data transmission. Therefore, this emerging technology will create a market to provide DC power supply to new equipment.
According to the report, one driver in market is growing need for renewable energy sources. The growing demand for renewable energy sources such as solar and wind has augmented the demand for DC-DC power systems. As renewable sources generate DC power directly, DC-DC power systems, which are highly efficient converters, are used to adjust the voltage level to an appropriate value. The growing concern for the shortage of natural resources and government initiatives such as tax benefit and funding for the sustainable environment have increased the investment in renewable sectors, which will further propel the growth of the global DC power system market.
Further, the report states that one challenge in market is economic and political uncertainty. The growth in the telecom sector depends on the economic condition of the region. Since the telecom sector is the major contributor to DC power systems, an economic slump will lead to instability in the telecom sector. For instance, during the 2008 recession, the telecom sector in India became unstable, and the Government of India had to provide assistance to the industry. Hence, any economic uncertainty in future will lead to less investment in the telecom sector. In 2015, the global economic growth rate fell by 0.4 % as compared with 2014, which showed growth in 2016. We expect post-election scenario in the US to