The global telecom power system is growing continually, witnessing expanding telecom networks. Besides, the market growth attributes to the increasing numbers of internet users & handlers, mobile applications, and mobile device users. Also, the augmenting demand for small cell power systems, LTE networks, digital gadgets substantiates the Telecom Power System Market.
Rising telecom towers in various regions like off-grid areas
and the rural region are major driving forces. With the spurring rise in the
telecom sectors, the market is projected to grow at a fast pace in the years to
come. In this regard, Market Research Future (MRFR) asserts that the global telecom
power system market is poised to reach an exponential value by 2027, growing at
a phenomenal CAGR during the review period (2020 to 2027).
The growing use of hybrid power systems and 3G/ 4G
technologies in various regions provides various growth opportunities.
Additionally, increasing government initiatives and funding for developing
telecom power system infrastructures boost the market growth.
Telecom Power System Market - Competitive Analysis
Highly competitive, the telecom power system market appears
fragmented due to the presence of several well-established players. Mergers
& acquisitions, innovation, and brand reinforcement remain prevailing key
trends for the leading players as these strategies support their growth and
expansion plans.
Major Players:
Players leading the telecom power system market include Eaton
(Ireland), Huawei Technologies Co. (China), Schneider Electric (France), Delta
Electronics (Taiwan), GE Industrial Solutions (US), Emerson Network Power (US),
Microtek International Inc. (US), Mitsubishi Electric Corporation (Japan), and
AEG Power Solution BV (Netherlands), among others.
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Telecom Power System Market - Segments
The Global Telecom Power System Market is segmented
into components, types, grids, and regions. The component segment is
sub-segmented into inverters, rectifiers, converters, heat management systems,
and others. The type segment is sub-segmented into high pressure, low pressure,
and atmospheric pressure. The grid segment is sub-segmented into on-grid and
off-grid. The region segment is sub-segmented into North America, Europe,
Asia-Pacific, and the Rest-of-the-World.
Telecom Power System Market - Regional Analysis
The Asia Pacific region dominates the global telecom power
system market. The leading market share attributes to digital transformation
and the spurring rise in the telecom sector in the region. Besides, the rising
adoption of AI technology to enhance customer satisfaction and operational
performance boosts the regional market's growth. Rapid increase in the mobile
subscriber base that leads to the rising mobile networks in the rural areas
substantiates the market growth.
Also, advanced connectivity in the Asia-Pacific region is on
the rise, showing increasing growth in LTE networks and 3G networks.
Substantial investments by key players in the development of telecom power
systems positively impact the regional market's growth. With the large telecom
power system industry, China and India account for the major share in the
regional market. The APAC telecom power system market is projected to retain
its dominance throughout the forecast period.
North America is the second-largest market in terms of the
global telecom power system market size. Factors such as the strong presence of
major players providing futuristic solutions to the telecommunication industry
and well-established development centers drive the market growth.
Moreover, the increasing implementation of cutting-edge
technology and the penetration of the Internet and smartphones substantiate the
regional market growth. Increasing spending on R&D of AI algorithms and
technologies such as machine learning, NLP, and others increases market size.
The North American telecom power system market is expected to grow
significantly during the forecast period.
Europe telecom power system market is growing rapidly. The
market growth is driven by the presence of various notable players and large
deployments of AI technologies in telecom platforms. Additionally, the rising
numbers of telephonic services act as a major tailwind for the growth of the
regional market. The European telecom power system market is predicted to
create a substantial revenue pocket during the assessment period.
Industry/Innovation/Related News:
May 21, 2021--- Power
Grid Corporation of India Limited (PGCIL) announced receiving approval of US$
301.48 MN investments for commissioning various power transmission projects. A
major share of the investment would be used for procuring telecom equipment to
set up an exclusive telecom network for the National Transmission Asset
Management Center.
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