Market Size of South-East Asia DC Distribution Network Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South-East Asia DC Distribution Network Market Analysis
The Southeast Asian DC distribution network market is expected to register a CAGR of over 3.5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Currently, the market has reached pre-pandemic levels.
- Over the short term, the Southeast Asian DC distribution network market is expected to grow due to the factors such as growth in renewable energy installations with battery storage devices and the advantages over AC distribution networks like power sharing between systems with different frequencies.
- On the other hand, the threat still subsides for the market growth due to the high initial cost and the complexity of these networks compared to generic distribution networks.
- Nevertheless, the growing inclination toward smart grids and the expansion of solar power (that generates direct current) at the global level creates tremendous opportunities for the DC distribution network market in the Southeast Asian region.
- Malaysia is expected to be the frontrunner in market growth due to the developments in the renewable energy and telecom sector.
