Market Size of DC Distribution Network Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.04 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
DC Distribution Network Market Analysis
The market for DC distribution network has current value of USD 15.97 billion and is expected to register a CAGR of 7.04% approximately during the forecast period.
In 2020, COVID-19 negatively impacted the market. Presently, the market is likely to reach pre-pandemic levels.
- Over the long term, increasing adoption of battery energy storage and distributed renewable energy generation is expected to drive the market.
- On the other hand, safety concerns regarding high-voltage DC distribution systems are expected to hinder the market's growth during the study period.
- Nevertheless, the EV fast charging systems segment is expected to grow significantly during the forecast period.
- Europe, being one of the largest renewable energy markets, is expected to dominate the DC distribution network market during the forecast period.
