Market Size of North America DC Distribution Network Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 7.83 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America DC Distribution Network Market Analysis
The North American DC distribution network market size is estimated to be USD 4.5 billion by the end of this year. It is projected to register a CAGR of about 7.83% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic in 2020. Presently, the market has reached pre-pandemic levels.
- Over the long term, factors such as growth in the renewable energy sector and its compatibility with battery storage devices and advantages over AC distribution, like power sharing between systems with different frequencies, are expected to drive the market in North America during the forecast period.
- Conversely, high initial costs and complexity compared to generic distribution networks are expected to hinder the market's growth.
- The DC distribution network is considered an essential factor concerning the future aspects of smart grids, thereby increasing DC distribution, as solar energy generates a direct current.
- The United States is expected to dominate North America's DC distribution network market during the forecast period.
