Market Size of South America DC Distribution Network Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.15 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America DC Distribution Network Market Analysis
The South American DC distribution network market is expected to register a CAGR of 3.15% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has reached pre-pandemic levels.
- Over the long term, factors such as growth in the region's renewable energy sector, 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 over the forecast period.
- On the other hand, high initial costs and complexity compared to generic distribution networks are expected to hinder the market's growth.
- Nevertheless, the DC distribution network is considered an essential factor regarding the future aspects of smart grids. Also, solar power is estimated to supply one-third of the world's energy demand by 2060, thereby proliferating DC distribution in the future, as solar energy generates a direct current.
- Brazil is expected to dominate the market due to increasing HVDC transmission projects during the forecast period.
