Global Low Voltage Direct Current (LVDC) Market Growth (Status and Outlook) 2025-2031

The global Low Voltage Direct Current (LVDC) market size is predicted to grow from US$ 655 million in 2025 to US$ 1251 million in 2031; it is expected to grow at a CAGR of 11.4% from 2025 to 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.

LPI (LP Information)' newest research report, the “Low Voltage Direct Current (LVDC) Industry Forecast” looks at past sales and reviews total world Low Voltage Direct Current (LVDC) sales in 2024, providing a comprehensive analysis by region and market sector of projected Low Voltage Direct Current (LVDC) sales for 2025 through 2031. With Low Voltage Direct Current (LVDC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Low Voltage Direct Current (LVDC) industry.

This Insight Report provides a comprehensive analysis of the global Low Voltage Direct Current (LVDC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Low Voltage Direct Current (LVDC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Low Voltage Direct Current (LVDC) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Low Voltage Direct Current (LVDC) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Low Voltage Direct Current (LVDC).

This report presents a comprehensive overview, market shares, and growth opportunities of Low Voltage Direct Current (LVDC) market by product type, application, key players and key regions and countries.

Segmentation by Type:
Components
Systems

Segmentation by Application:
Photovoltaic Power Station
Commercial and Industrial Buildings
Data Center
Transportation
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Schneider Electric
Mitsubishi Electric
Legrand
Eaton
Fuji Electric
Liangxin
Cence Power

Please note: The report will take approximately 2 business days to prepare and deliver.