Low Voltage Direct Current (LVDC) Market to Witness Substantial Growth at a CAGR of 11.0% by 2031 | Top Key Players - ABB, Schneider Electric, Mitsubishi Electric, Legrand

Los Angeles, United States - QY Research has released a new publication titled "Global Low Voltage Direct Current (LVDC) Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This comprehensive study provides an in-depth evaluation of the worldwide Low Voltage Direct Current (LVDC) industry, uncovering the major forces influencing market growth and delivering high-value insights for investors, industry leaders, and strategic decision-makers. The report examines critical elements such as market dynamics, evolving technologies, segmentation trends, regional developments, and the competitive landscape. With data backed by rigorous research and expert interpretation, it offers an authoritative guide to understanding the macroeconomic and microeconomic factors reshaping the global market.

The global market for Low Voltage Direct Current (LVDC) was estimated to be worth US$ 613 million in 2024 and is forecast to a readjusted size of US$ 1251 million by 2031 with a CAGR of 11.0% during the forecast period 2025-2031.

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Low voltage direct current (LVDC) distribution is an innovative power delivery system that utilizes direct current at voltage levels typically below 1500 V to efficiently supply energy to various end users. LVDC systems offer distinct advantages over traditional alternating current networks, including reduced conversion losses, enhanced compatibility with renewable energy sources such as photovoltaics, and simplified integration with modern electronic devices. Low voltage direct current (LVDC) is an electrical power system that uses direct current at low voltage levels, characterized by high efficiency, safety, and strong compatibility. These features make LVDC a promising technology for future sustainable and resilient energy systems. It is widely used in renewable energy, data centers, and smart homes. With technological advancements and expanding application scenarios, the importance of LVDC systems continues to grow.

Europe is the world's largest LVDC sales market, accounting for 38.79% of the market share in 2024. The North American and Asia Pacific markets follow closely behind, accounting for 30.30% and 25.16% of the market share in 2024, respectively. These regions are in a leading position in technological innovation and market application, and the demand for LVDC products continues to grow. This is mainly due to the rapid economic growth of emerging market countries such as China and India and the strong investment in emerging fields such as new energy and data centers.

Based on type segment, the classification of low voltage direct current (LVDC) includes components and systems. In 2024, components type low voltage direct current (LVDC) occupies the largest revenue share in the global low voltage direct current (LVDC) market, it is about 74.63%, and the proportion will be 72.38% in 2031. LVDC applications are many and varied, based on application segment, the classification includes photovoltaic power station, commercial and industrial buildings, data center, transportation etc. In 2024, photovoltaic power station application is expected to hold the largest share in the low voltage direct current (LVDC) market by revenue, it is about 62.87%, and the proportion will be 62.75% in 2031.

The key players of low voltage direct current (LVDC) market are ABB, Schneider Electric, Mitsubishi Electric, Legrand, Eaton, Fuji Electric, Liangxin, Cence Power, etc. In 2024, the global top 3 players hold a share of 50.55% in terms of revenue. The LVDC market has broad prospects. Despite challenges such as insufficient standardization and high initial investment, it is expected to maintain strong growth in the next few years driven by areas such as renewable energy, electric vehicles and data centers. More mergers and acquisitions and cooperation will occur to promote market consolidation. Enterprises should focus on technological innovation and market expansion to seize this opportunity.

Market Drivers, Challenges & Restraints -

This section outlines the various elements influencing the trajectory of the Low Voltage Direct Current (LVDC) market:

Key Growth Drivers -

Supportive policy frameworks and regulatory reforms
Advancement in product innovation and technological breakthroughs
Growing demand in emerging application areas
Shift in global supply chain structures

Restraints & Challenges -

Regulatory uncertainties
Competitive pricing pressures
Operational risks
Market-entry barriers

The report also highlights rising opportunities that companies can leverage to gain traction in high-growth segments.

Major Company Included: -

ABB
Schneider Electric
Mitsubishi Electric
Legrand
Eaton
Fuji Electric
Liangxin
Cence Power

The competitive section of the report provides essential insights needed for companies to strengthen their market positioning. It highlights the strategies adopted by leading players-covering innovation, pricing models, marketing channels, distribution networks, and regional expansion. This evaluation enables market participants to identify competitive advantages and understand challenges that may affect their long-term performance.

Market Segmentation -

The report presents a granular breakdown of the global Low Voltage Direct Current (LVDC) market, emphasizing CAGR, market share, future potential, and emerging trends across each segment.

By Type

Components
Systems

By Application

Photovoltaic Power Station
Commercial and Industrial Buildings
Data Center
Transportation
Others

This segmentation helps identify high-growth niches and valuable investment opportunities across product types and applications.

Regional Analysis -

The report offers a detailed geographic assessment covering four major regions and key contributing countries. Insights include consumption patterns, production levels, market share distribution, and long-term growth prospects.

North America

United States
Canada
Mexico

Latin America

Brazil

Other key regional markets

Asia-Pacific
China
Japan
India
South Korea
ASEAN Countries

Europe, Middle East & Africa (EMEA)

Germany
France
United Kingdom
GCC Countries
African Nations

The analysis spans from 2024 (base year) to 2031 (forecast period).

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Why This Report Is Essential -

✔ Complete Historical & Forecast Analysis (2020-2031)
✔ Detailed Segmentation by Type, Application & Region
✔ In-Depth Competitive Landscape & Company Profiling
✔ Drivers, Restraints & Market Dynamics Explained
✔ Expert Insights to Support Strategic Planning

Report Objectives -

Measure the global Low Voltage Direct Current (LVDC) market size (value & volume).

Accurately analyze market shares, consumption trends, and segment performance.

Examine major market dynamics and industry-shaping forces.

Identify and discuss key production, revenue, and sales trends.

Profile top market players and evaluate their competitive strategies.

Review manufacturing practices, pricing structures, and cost trends.

Compare regional and national market performance across key geographies.

Forecast segment-wise and region-wise growth opportunities through 2031.

Key Questions Answered in the Report -

What is the size and estimated growth rate of the global and regional Low Voltage Direct Current (LVDC) market?

Which countries are expected to display the strongest growth?

Which region will dominate the market throughout the forecast period?

What are the main factors driving or restraining market expansion?

What technological advancements are shaping future demand?

Where are the key opportunities for new entrants and established players?

Which companies currently hold the highest market share?

How will market dynamics evolve from 2025 to 2031?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Low Voltage Direct Current (LVDC) Product Introduction
1.2 Global Low Voltage Direct Current (LVDC) Market Size Forecast (2020-2031)
1.3 Low Voltage Direct Current (LVDC) Market Trends & Drivers
1.3.1 Low Voltage Direct Current (LVDC) Industry Trends
1.3.2 Low Voltage Direct Current (LVDC) Market Drivers & Opportunity
1.3.3 Low Voltage Direct Current (LVDC) Market Challenges
1.3.4 Low Voltage Direct Current (LVDC) Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Low Voltage Direct Current (LVDC) Players Revenue Ranking (2024)
2.2 Global Low Voltage Direct Current (LVDC) Revenue by Company (2020-2025)
2.3 Key Companies Low Voltage Direct Current (LVDC) Manufacturing Base Distribution and Headquarters
2.4 Key Companies Low Voltage Direct Current (LVDC) Product Offered
2.5 Key Companies Time to Begin Mass Production of Low Voltage Direct Current (LVDC)
2.6 Low Voltage Direct Current (LVDC) Market Competitive Analysis
2.6.1 Low Voltage Direct Current (LVDC) Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Low Voltage Direct Current (LVDC) Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Low Voltage Direct Current (LVDC) as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Components
3.1.2 Systems
3.2 Global Low Voltage Direct Current (LVDC) Sales Value by Type
3.2.1 Global Low Voltage Direct Current (LVDC) Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Low Voltage Direct Current (LVDC) Sales Value, by Type (2020-2031)
3.2.3 Global Low Voltage Direct Current (LVDC) Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Photovoltaic Power Station
4.1.2 Commercial and Industrial Buildings
4.1.3 Data Center
4.1.4 Transportation
4.1.5 Others
4.2 Global Low Voltage Direct Current (LVDC) Sales Value by Application
4.2.1 Global Low Voltage Direct Current (LVDC) Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Low Voltage Direct Current (LVDC) Sales Value, by Application (2020-2031)
4.2.3 Global Low Voltage Direct Current (LVDC) Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Low Voltage Direct Current (LVDC) Sales Value by Region
5.1.1 Global Low Voltage Direct Current (LVDC) Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Low Voltage Direct Current (LVDC) Sales Value by Region (2020-2025)
5.1.3 Global Low Voltage Direct Current (LVDC) Sales Value by Region (2026-2031)
5.1.4 Global Low Voltage Direct Current (LVDC) Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
5.2.2 North America Low Voltage Direct Current (LVDC) Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
5.3.2 Europe Low Voltage Direct Current (LVDC) Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
5.4.2 Asia Pacific Low Voltage Direct Current (LVDC) Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
5.5.2 South America Low Voltage Direct Current (LVDC) Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
5.6.2 Middle East & Africa Low Voltage Direct Current (LVDC) Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Low Voltage Direct Current (LVDC) Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
6.3 United States
6.3.1 United States Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
6.3.2 United States Low Voltage Direct Current (LVDC) Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Low Voltage Direct Current (LVDC) Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
6.4.2 Europe Low Voltage Direct Current (LVDC) Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Low Voltage Direct Current (LVDC) Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
6.5.2 China Low Voltage Direct Current (LVDC) Sales Value by Type (%), 2024 VS 2031
6.5.3 China Low Voltage Direct Current (LVDC) Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
6.6.2 Japan Low Voltage Direct Current (LVDC) Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Low Voltage Direct Current (LVDC) Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
6.7.2 South Korea Low Voltage Direct Current (LVDC) Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Low Voltage Direct Current (LVDC) Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
6.8.2 Southeast Asia Low Voltage Direct Current (LVDC) Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Low Voltage Direct Current (LVDC) Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Low Voltage Direct Current (LVDC) Sales Value, 2020-2031
6.9.2 India Low Voltage Direct Current (LVDC) Sales Value by Type (%), 2024 VS 2031
6.9.3 India Low Voltage Direct Current (LVDC) Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 ABB
7.1.1 ABB Profile
7.1.2 ABB Main Business
7.1.3 ABB Low Voltage Direct Current (LVDC) Products, Services and Solutions
7.1.4 ABB Low Voltage Direct Current (LVDC) Revenue (US$ Million) & (2020-2025)
7.1.5 ABB Recent Developments
7.2 Schneider Electric
7.2.1 Schneider Electric Profile
7.2.2 Schneider Electric Main Business
7.2.3 Schneider Electric Low Voltage Direct Current (LVDC) Products, Services and Solutions
7.2.4 Schneider Electric Low Voltage Direct Current (LVDC) Revenue (US$ Million) & (2020-2025)
7.2.5 Schneider Electric Recent Developments
7.3 Mitsubishi Electric
7.3.1 Mitsubishi Electric Profile
7.3.2 Mitsubishi Electric Main Business
7.3.3 Mitsubishi Electric Low Voltage Direct Current (LVDC) Products, Services and Solutions
7.3.4 Mitsubishi Electric Low Voltage Direct Current (LVDC) Revenue (US$ Million) & (2020-2025)
7.3.5 Mitsubishi Electric Recent Developments
7.4 Legrand
7.4.1 Legrand Profile
7.4.2 Legrand Main Business
7.4.3 Legrand Low Voltage Direct Current (LVDC) Products, Services and Solutions
7.4.4 Legrand Low Voltage Direct Current (LVDC) Revenue (US$ Million) & (2020-2025)
7.4.5 Legrand Recent Developments
7.5 Eaton
7.5.1 Eaton Profile
7.5.2 Eaton Main Business
7.5.3 Eaton Low Voltage Direct Current (LVDC) Products, Services and Solutions
7.5.4 Eaton Low Voltage Direct Current (LVDC) Revenue (US$ Million) & (2020-2025)
7.5.5 Eaton Recent Developments
7.6 Fuji Electric
7.6.1 Fuji Electric Profile
7.6.2 Fuji Electric Main Business
7.6.3 Fuji Electric Low Voltage Direct Current (LVDC) Products, Services and Solutions
7.6.4 Fuji Electric Low Voltage Direct Current (LVDC) Revenue (US$ Million) & (2020-2025)
7.6.5 Fuji Electric Recent Developments
7.7 Liangxin
7.7.1 Liangxin Profile
7.7.2 Liangxin Main Business
7.7.3 Liangxin Low Voltage Direct Current (LVDC) Products, Services and Solutions
7.7.4 Liangxin Low Voltage Direct Current (LVDC) Revenue (US$ Million) & (2020-2025)
7.7.5 Liangxin Recent Developments
7.8 Cence Power
7.8.1 Cence Power Profile
7.8.2 Cence Power Main Business
7.8.3 Cence Power Low Voltage Direct Current (LVDC) Products, Services and Solutions
7.8.4 Cence Power Low Voltage Direct Current (LVDC) Revenue (US$ Million) & (2020-2025)
7.8.5 Cence Power Recent Developments
8 Industry Chain Analysis
8.1 Low Voltage Direct Current (LVDC) Industrial Chain
8.2 Low Voltage Direct Current (LVDC) Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Low Voltage Direct Current (LVDC) Sales Model
8.5.2 Sales Channel
8.5.3 Low Voltage Direct Current (LVDC) Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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