Telecom Power Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global telecom power systems market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.6% during 2023-2028.
Telecom power systems are used to assist telecommunication services by controlling and monitoring the flow of power over telecom networks. Telecom power systems consist of a number of smaller units that bear various technical requirements such as converters, controllers, distributors, etc. The evolution in the telecom power system market came after the telecom industry got integrated with information technology (IT). The global telecom power systems market is currently witnessing a rapid growth with telecom towers being largely installed even in rural and remote areas. Power systems represent a cost-effective solution for maintaining and controlling telecom services in such areas as grid electricity represents a major challenge and they often face power shortages.
The strong growth of telecom infrastructure in rural areas, particularly in developing regions such as the Asia Pacific and Africa represents a key factor driving the demand of telecom power systems. In order to meet the demand of the rising number of subscribers in such regions, a number of towers have been installed in rural and remote areas. Telecom power systems are playing a major role in improving the efficiency and reliability of telecom services in such locations. Moreover, the rising use of hybrid power systems is also creating a positive impact on the environment by utilizing renewable sources of energy such as wind and solar, thereby reducing the amount of emission of greenhouse gases.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global telecom power systems market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on product type, component, power source and grid type.
Breakup by Product Type:
Based on the product type, the market has been segmented into direct current (DC) and alternating current (AC) based power systems. Currently, direct current systems dominates the market, holding the largest share.
Breakup by Component:
Heat Management Systems
Based on the component, the market has been segmented into rectifiers, converters, controllers, heat management systems, generators and others.
Breakup by Power Source:
Based on the power source, the market has been segmented into diesel-battery, diesel-solar, diesel-wind and multiple sources.
Breakup by Grid Type:
Based on the grid type, the market has been segmented into on grid, off grid and bad grid.
Breakup by Region:
Middle East and Africa
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being Delta Electronics Inc., Eaton Corporation plc, ABB Ltd., Huawei Technologies Co. Ltd., Schneider Electric SE, Vertiv Group Corporation, Cummins Inc., Myers Power Products Inc., Ascot Industrial S.r.l. and Unipower.
This report provides a deep insight into the global telecom power systems market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the telecom power systems market in any manner.
Key Questions Answered in This Report
1. What was the global telecom power systems market size in 2022?
2. What will be the telecom power systems market outlook during the forecast period ( 2023-2028)?
3. What are the major global telecom power systems market drivers?
4. What are the major trends in the global telecom power systems market?
5. What is the impact of COVID-19 on the global telecom power systems market?
6. What is the global telecom power systems market breakup by product type?
7. What is the global telecom power systems market breakup by component?
8. What is the global telecom power systems market breakup by power source?
9. What is the global telecom power systems market breakup by grid type?
10. What are the major regions in the telecom power systems market?
11. Who are the leading telecom power systems industry players?