Summary

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.
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.
This report aims to provide a comprehensive presentation of the global market for Low Voltage Direct Current (LVDC), focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Low Voltage Direct Current (LVDC) by region & country, by Type, and by Application.
The Low Voltage Direct Current (LVDC) market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Low Voltage Direct Current (LVDC).
Market Segmentation
By Company
ABB
Schneider Electric
Mitsubishi Electric
Legrand
Eaton
Fuji Electric
Liangxin
Cence Power
Segment by Type
Components
Systems
Segment by Application
Photovoltaic Power Station
Commercial and Industrial Buildings
Data Center
Transportation
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Low Voltage Direct Current (LVDC) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Low Voltage Direct Current (LVDC) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Low Voltage Direct Current (LVDC) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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Table of Contents

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