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Global DC distribution network implementation revenue is expected to grow from $2.8 billion in 2015 to $5.1 billion in 2024
Global DC distribution network implementation revenue is expected to grow from $2.8 billion in 2015 to $5.1 billion in 2024

In a release from Navigant Research, “global DC distribution network implementation revenue is expected to grow from $2.8 billion in 2015 to $5.1 billion in 2024.”

There are a number of opportunities for DC distribution networks according to the research company. Four segments of the power market in particular - off and bad grid telecommunications, data centers, commercial building grids, and off-grid military applications – stand to benefit.

According to the research: “the core challenge facing these medium-voltage DC distribution networks lies with the need for standards and open-grid architectures that can help integrate the increasing diversity of resources being plugged into retail power grids.”

Navigant reports that there is a growing momentum at distribution level to diversify offering, which includes incorporating an increasing amount of DC into the mix.

Says Peter Asmus, principal research analyst with Navigant Research: “Presently, the majority of progress in developing DC technologies has occurred at either the high-voltage or low-voltage level of electricity service. Since microgrids and building-scale nanogrids typically operate at medium voltage, much work needs to be done to bridge this voltage innovation gap.

“The core challenge facing these medium-voltage DC distribution networks lies with the need for standards and open-grid architectures that can help integrate the increasing diversity of resources being plugged into retail power grids.”

The Asian Pacific region is the current market leader in DC distribution network implementation, holding 47% of market share. This market share is expected to increase, driven by capacity in India, China and Japan’s telecommunications and microgrid markets. It is anticipated market share could ultimately reach as high as 71% by 2024.