Market Size of Germany DC Distribution Network Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany DC Distribution Networks Market Analysis
The Germany DC distribution network market is expected to register a CAGR of over 5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
- Over the medium term, factors such as growth in renewable energy sector and its compatibility with battery storage devices, and advantages over AC distribution are expected to drive the growth of the market studied.
- On the other hand, high initial cost and complexity compared to generic distribution networks are expected to hamper the growth of Germany DC distribution network market during the forecast period.
- Nevertheless, conversion of AC grids to pure DC and hybrid AC/DC distribution grids are likely to create lucrative growth opportunities for the Germany DC distribution network market in the forecast period.
