Market Research Future (MRFR)’s new analysis reveals that the global telecom power system market is projected to expand at a CAGR of 10% during the forecast period. The valuation of the market is poised to reach USD 5 Bn by the end of 2022. The growth can be attributed to the rising penetration of telecom towers in both rural and urban regions. The crossover of telecom industry and IT industry has opened new avenues of growth for the market players.
The substantial growth of the mobile data traffic has expanded the network coverage exponentially which has, in turn, necessitated the establishment of more cell sites. This is likely to have a favorable impact on the growth of the telecom power system market over the next couple of years. Furthermore, the shift towards non-renewable energy has facilitated the penetration of the rural market. It is likely to influence the expansion of the global market positively through the projection period.
Free Report Sample @ https://www.marketresearchfuture.com/sample_request/2378
The boom witnessed in the telecom industry reflects on the growth of the telecom power system market. The expansion of the 3G and 4G networks have revolutionized the market, and it is expected to witness more growth with the adoption of 5G services. The penetration of mobile devices coupled with the rapid adoption of hybrid power systems is anticipated to catapult the telecom power system market on an upward trajectory. Nevertheless, high cost associated with the management of business operations is poised to hold the market growth during the review period.
By components, the telecom power system market has been segmented into converter, inverter, rectifier, and head management system.
By type, the global telecom power system market is segmented into high pressure, atmospheric pressure and low pressure.
By grid, the telecom power system market has been segmented into on grid, and off-grid.
By region, the global telecom power system market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is expected to witness substantial growth over the assessment period owing to the large-scale market penetration by telecom towers. The region covers more than 2 billion subscribers and encompasses fast-developing economies such as India and China. It is likely to augment the telecom power system market in the region. The expansion of 4G LTE and 3G networks have favored the growth of the market exceptionally in the recent years and is projected to keep fueling demand in the telecom power system market.
Europe is a promising regional market which is poised to register a significant CAGR over the next couple of years. The shift towards eco-friendly power alternatives for telecom sites is likely to catalyze the expansion of the telecom power system market in the region. North America is another important growth pocket of the global market. The introduction of 5G services is anticipated to drive the growth of the regional telecom power system market.
Some of the key players profiled in the report are Eaton (Ireland), Schneider Electric (France), Delta Electronics (Taiwan), GE Industrial Solutions (U.S.), Huawei Technologies Co. (China), Emerson Network Power (U.S.), Mitsubishi Electric Corporation. (Japan), AEG Power Solution B.V.(Netherlands), and Microtek International Inc. (U.S.).