Telecom Power System Market Size, Trends, Applications, and Industry Strategies

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Key Highlights

  • The telecom power system market is likely to touch USD 7,360.2 million, powering at over 7% compound annual growth rate, by 2030. 
  • This expansion is assisted by the increasing penetration of telecom towers across different regions, including Africa and APAC, and the booming acceptance of telecom services.
  • Many towers have been set up continually to meet the demand of the rising count of subscribers, which, sequentially, boosts the utilization of power systems for the towers.
  • In this new age of digitization, businesses are concentrating on implementing new technologies like ML, AI, and IoT, for the improvement of their businesses, which has led to the growth of cloud transformation telecom consulting.
  • The telecom industry continuously makes improvements in expanding its network capacity with other fiber and wireless deployments to meet the continuous requirement for higher-speed networks. 
  • The possibility for a more competitive broadband industry, coupled with the rising attention in private cellular networks and multi-access edge computing, and the increasing requirement to reanalyze cybersecurity & risk management in the era of 5G are the major factors that drive the telecom power system industry expansion in this sector. 

Market Insights

APAC is the largest contributor to the industry, and the regional industry will continue this trend in the years to come. 

The count of mobile subscribers has been observing a rising trend over the last few years, which inspires telecom service providers to focus on making investments and increasing their telecommunications network. This boosts power systems production in this region.

North America will advance at the fastest compound annual growth rate in the years to come. This is because of the strong network connectivity, mobile penetration, and 4G-LTE/5G networks.

The developing information communication technology sector, which includes telecommunications and high-tech industries, is certainly at the core of the expansion of the regional industry.

Generator components is the largest contributor to the industry. This is because they are extensively utilized as a standby electric source to provide secure operations against inadequate power supply and power outages.

The bad-grid type led the industry, followed by the on-grid and off-grid types. This is because of its extensive uses in rural areas, primarily in emerging economies like Pakistan, Brazil, India, and African nations.

The increasing advancement of telecom infrastructure because of the augmented funding by tower businesses boosts the adoption of the bad-grid type.

The diesel-solar power source will advance at the fastest rate, of more than 8%, in the years to come. This is because of the rising acceptance of hybrid energy sources in telecom towers and they reduce the operational and maintenance expenses by limiting diesel runtime and fuel consumption.

DC power systems is the largest contributor to the industry, and it will remain the largest throughout this decade. This is primarily because of the extensive applications of these power systems in the telecom industry. DC power is not limited to leading power factor or frequency variation.

The telecom power system industry is very competitive, with the existence of many major companies. These companies have been largely concentrating on product introductions to expand their product portfolios and gain more industry share.

Source: P&S Intelligence

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