Press release
Lucintel Forecasts the Global Low Voltage Direct Current Market is expected to grow with a CAGR of 7.2% from 2025 to 2031
The low voltage direct current market is changing with new trends that can assist in evolving the distribution and consumption of energy. These trends show how all divisions have an increasing focus on power based technology, advanced methods, eco-friendl
According to a market report by Lucintel, the future of the global low voltage direct current market looks promising with opportunities in the photovoltaic power station, commercial & industrial building, data center, and transportation markets. The global low voltage direct current market is expected to grow with a CAGR of 7.2% from 2025 to 2031. The major drivers for this market are the growing demand for energy-efficient power distribution, the rising integration of renewable energy system, and the increase in electric vehicle infrastructure.
A more than 150-page report to understand trends, opportunity and forecast in low voltage direct current market to 2031 by type (components and systems), application (photovoltaic power station, commercial & industrial buildings, data center, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)..
Lucintel forecasts that, within the type category, system is expected to witness higher growth over the forecast period.
Within the application category, commercial & industrial building is expected to witness the highest growth.
Download sample by clicking on low voltage direct current market
In terms of region, APAC is expected to witness the highest growth over the forecast period.
ABB, Schneider Electric, Mitsubishi Electric, Legrand, Eaton, Fuji Electric, Liangxin are the major suppliers in the low voltage direct current market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. +1-972-636-5056
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