Australia is rich in mineral resources and the flourishing mining industry has contributed largely to the growth of the DC power systems market. The high price of raw materials enables participants in the mining sector to rake in higher profit margins, and manufacturers must pay special attention to capacity expansion to meet global demands.
New analysis from Frost & Sullivan (powersupplies.frost.com), Australia and New Zealand DC Power Systems Market, finds that market earned revenues of over $129.0 billion in 2007 and estimates this to reach $224.4 billion in 2014.
"Prospects for the market are also enhanced by the potential offered by the oil and gas sector and Australia's liquefied natural gas (LNG) production is slated to increase to 24 million tonnes per annum (MTPA) by 2011 and quadruple by 2020 from a production of 15 MTPA in 2007," says Frost & Sullivan Research Analyst Teoh Chew Yew. "The country intends to position itself as the third, or possibly, the second largest LNG exporter in the world."
The robust development of the oil and gas sector has ensured short-term growth for market participants and helped ward off the consequences of the economic downturn to some extent. In New Zealand, the migration of telephone lines to the IP platform and the transition from narrowband to broadband has encouraged infrastructure developments drive demand for primary and secondary power.
Another factor helping to step up the pace of market momentum is the proliferation of 3G applications and services. The 3G market is poised for huge growth, with emphasis on high-speed downlink packet access (HSDPA), especially in the rural areas. This opens new doors for investments, morphing into high demand for DC power systems. The telecommunication industry, which comprises a major end-user application for the DC power systems markets in Australia and New Zealand accounts for nearly three-fourth of the total market.
However, technological advancements have given rise to compact DC systems, which utilize less power. Relentless price wars dominate the market scenario, grossly overshadowing the value and technical proposition of DC power systems. Efforts must be directed toward research and development to seek more powerful methods to augment the value proposition of products and services.
"The investment and infrastructure development in the telecom industry, in terms of power requirements, commenced since 2003 after the Dot Com Crash and the Millennium Bug Crisis," says Yew. "This leaves limited room for further development since the power requirement for infrastructure caters to wireless and wire line applications meet the demand."
As the telecommunication sector is already mature, the need for sprucing up the product portfolio and revving up pre-and post sales services is greatly amplified. The market is witnessing consolidation through mergers and acquisitions. Maintaining or reducing the price of products with minimum lead-time is a critical factor to ensure business longevity in the telecom sector.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Australia and New Zealand DC power systems market, then send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.
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Australia and New Zealand DC Power Systems Market - P1E5
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