Asia-Pacific DC Distribution Networks Market Size (2024 - 2029)

The Asia-Pacific DC distribution networks market is poised for significant growth, driven by the increasing adoption of direct current systems in various voltage applications, which is transforming the electricity distribution landscape. Despite challenges such as high initial costs and complexities compared to traditional AC networks, the market is recovering from COVID-19 impacts and is seen as crucial for the future of smart grids. The expansion of solar energy, which produces direct current, is expected to further boost the market's potential. China is anticipated to lead the market due to rising electricity demand from its expanding population and industrial sector.

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Market Size of Asia-Pacific DC Distribution Networks Industry

Asia-Pacific DC Distribution Networks Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 10.30 %
Market Concentration Low

Major Players

Asia-Pacific DC Distribution Networks Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC DC Distribution Networks Market Analysis

The market for DC distribution networks in Asia-Pacific is expected to grow at a CAGR of more than 10.3% during the forecast period.

The Asia-Pacific DC distribution network market was negatively affected by COVID-19 due to disruptions in the supply chain and regional lockdowns. However, the market rebounded in 2021.

  • Over the long term, using direct current (DC) distribution networks in several low-to-high voltage applications is one of the catalysts driving the transformation of the electricity distribution market.
  • On the other hand, high initial cost and a lot of complexity compared to conventional AC distribution networks are expected to hinder the market's growth.
  • However, the DC distribution network is considered an essential factor in the future aspects of smart grids. Solar power is estimated to supply one-third of the world's energy demand by 2060, thereby increasing DC distribution in the future, as solar energy generates direct current is expected to create an ample opportunity for the DC distribution sector.
  • China is expected to dominate the market studied, mainly driven by increasing electricity demand due to a growing population and industrial sector.

APAC DC Distribution Networks Industry Segmentation

DC distribution network is used for installations that operate at a nominal capacity of less than or equal to 1500 Vdc. The Asia-Pacific DC distribution networks market is segmented by voltage, end-user, and country. By voltage, the market is segmented into high voltage and low and medium voltage. By end-user, the market is segmented into residential, commercial, and industrial. The report also covers the market size and forecasts for the DC distribution networks market in major countries across the region. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

By Voltage
High Voltage
Low and Medium Voltage
By End User
Residential
Commercial and Industrial
By Country
China
India
Japan
Rest of Asia-Pacific
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Asia-Pacific DC Distribution Networks Market Size Summary

The Asia-Pacific DC distribution networks market is poised for significant growth, driven by the increasing adoption of direct current systems in various applications. This transformation is largely fueled by the rising demand for efficient electricity distribution solutions, particularly in the context of smart grids and renewable energy integration. Despite challenges such as high initial costs and complexity compared to traditional AC systems, the market is expected to benefit from the growing importance of solar power, which generates direct current and is anticipated to meet a substantial portion of global energy demand in the future. China is expected to lead the market, propelled by its burgeoning population and industrial sector, which are driving up electricity demand.

The electric vehicle (EV) charging infrastructure is a key segment contributing to the market's expansion, as the increasing adoption of EVs and supportive government policies worldwide bolster the need for DC distribution networks. These networks are particularly advantageous in bypassing the AC conversion process, allowing for direct charging of EV batteries. Additionally, the integration of renewable energy sources with DC grids enhances the appeal of low- and medium-voltage DC distribution systems. The market is characterized by a partial consolidation, with major players like ABB Ltd, Siemens Ltd, and Vertiv Group Corp. actively participating. Recent strategic moves, such as Schneider Electric's acquisition of DC Systems B.V., underscore the industry's focus on advancing innovations in electrical distribution.

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Asia-Pacific DC Distribution Networks Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Voltage

      1. 2.1.1 High Voltage

      2. 2.1.2 Low and Medium Voltage

    2. 2.2 By End User

      1. 2.2.1 Residential

      2. 2.2.2 Commercial and Industrial

    3. 2.3 By Country

      1. 2.3.1 China

      2. 2.3.2 India

      3. 2.3.3 Japan

      4. 2.3.4 Rest of Asia-Pacific

Asia-Pacific DC Distribution Networks Market Size FAQs

The Asia-Pacific DC Distribution Networks Market is projected to register a CAGR of greater than 10.30% during the forecast period (2024-2029)

ABB Ltd , Vertiv Group Corp, Eaton Corporation PLC , Secheron Sa and Siemens Ltd are the major companies operating in the Asia-Pacific DC Distribution Networks Market.

Asia-Pacific DC Distribution Networks Report Snapshots

Asia-Pacific DC Distribution Networks Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)