India DC Power Systems Market is growing due to energy efficiency advantages over traditional AC systems, driving demand during the forecast period 2020-2030.
According to the TechSci Research report, “India DC Power Systems Market – By Region, Competition, Forecast and Opportunities, 2020-2030,” India DC Power Systems Market has valued at USD 205.39 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.55% through 2030. DC power systems are more energy-efficient than traditional AC (Alternating Current) systems. They minimize energy losses during transmission and distribution, providing a cost-effective solution for power delivery. As India focuses more on energy efficiency and sustainability, the adoption of DC power systems becomes crucial to reduce wastage and improve energy conservation.
A key opportunity in the India DC power systems market lies in rural electrification and off-grid solutions. A large portion of India’s population still lacks reliable electricity, particularly in remote and rural areas. DC power systems, such as DC microgrids and standalone solar installations, can offer affordable and sustainable energy solutions to these underserved regions. Government initiatives like the “Saubhagya Scheme” and “Deen Dayal Upadhyaya Gram Jyoti Yojana” support rural electrification projects, fostering a favorable environment for DC power system providers.
Based on type, the 4.1-32 kW segment is expected to dominate the market. DC power systems in the 4.1-32 kW range play a critical role in integrating renewable energy sources like solar and wind into the grid. These systems convert and manage the DC power generated by renewable sources and feed it into the existing electrical infrastructure. In India’s renewable energy ecosystem, these systems are essential. Government schemes such as the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) aim to promote clean energy, encouraging the adoption of DC power systems in this range.
The Telecom segment is projected to dominate the market based on application throughout the forecast period. Telecommunications companies are increasingly focusing on energy efficiency and sustainability. DC power systems are known for their energy efficiency, which helps reduce operational costs and environmental impact. This aligns with the industry’s ongoing efforts to reduce carbon emissions. In India, where grid connectivity can be unreliable, especially in rural and remote areas, DC power systems, including DC microgrids and solar-powered DC systems, provide practical solutions to power these locations.
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Government initiatives, such as the BharatNet project aimed at expanding digital connectivity, are driving investments in telecom infrastructure, often involving the integration of DC power systems. Additionally, combining DC power systems with energy storage solutions can enhance their reliability and efficiency. Telecom companies may also explore advanced battery technologies to extend backup power. The growing demand for telecom services in underserved areas, driven by government initiatives, presents a promising market for DC power systems, especially those powered by renewable energy.
Key market players in the India DC Power Systems Market are:-
- Delta Electronics India
- Emerson Network Power
- Eltek India
- Schneider Electric India
- Luminous Power Technologies
- Microtek International
- Socomec India
- Aplab Limited
- Amara Raja Power Systems
- Su-Kam Power Systems
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“The India DC Power Systems Market in South India is poised to be the dominant force in the industry. South India boasts a robust industrial and commercial sector encompassing automotive manufacturing, electronics, and IT services. Efficient power solutions are indispensable for these industries, and DC power systems present attractive options due to their energy efficiency and power quality advantages.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India DC Power Systems Market Segmented By Type (Below 4 kW, 4.1-32 kW and Above 32 kW), By Application (Telecom, Industrial, Commercial and Others), By Region, and By Competition, 2019-2029F,” has evaluated the future growth potential of India DC Power Systems Marketand provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India DC Power Systems Market.
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