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