The Telecom power system market is projected to grow from USD 3.9 billion in 2022 to USD 5.4 billion by 2027; it is expected to grow at a CAGR of 7.1% from 2022 to 2027. The key factors fueling the growth of this market include increasing number of telecom infrastructure in remote areas, growing adoption of telecom services and high data traffic, rising awareness about reducing carbon footprint from telecom power systems, growing adoption of hybrid power systems, increasing technological advancements in cellular networks, rising use of GaN-based power devices with evolution of 5G technology, surging requirements for advance telecom infrastructure and M2M connections, according to MarketsandMarkets.
Generators hold the largest market share for telecom power system in 2021.
A generator is an independent source of electrical power that supports important electrical systems on loss of normal power supply. It is a standby power system, which may include a standby generator, batteries, and other systems. As generators are the most common sources of portable power, and the most conventional ones are those which run on diesel, generators account for the highest market share for component segment in the current scenario.
Bad grid connected telecom power system hold largest market size during the forecast period.
Bad grid connected telecom power systems are mainly used in developing economies such as India, Brazil, and African countries. As most telecom power sites are located in remote locations where power is not continuously available, bad grid condition is prevalent in most of the sites and hence, bad grid account for the highest market share for grid type segment.
Asia Pacific is projected to hold the largest share of the telecom power system market in 2027
For the telecom power system market, by region, the maximum market share of the telecom power system market is contributed by Asia Pacific with a market share of 43.9% and a CAGR of 9.1% during the forecast period. The reason behind this is the evidently large proportion of population existing in Asia Pacific region, accounting for a very large number of mobile subscribers. India, South Korea and China have developed their telecom services. A few countries like India, South Korea have emerged with a few start-ups which focus on the upcoming trends in digital services such as cloud computing, network security, better connecting technologies, which in turn, leads to the growth of telecom sector and hence, the growth of telecom power system market.
Eaton (US), Huawei Technologies (China), Cummins (US), ZTE Corporation (China), General Electric (US), Schneider Electric (France), Alpha Technologies (US), Delta Electronics (Taiwan), ABB (Switzerland), Ascot Industrial (Italy), UNIPOWER (US), Dynamic Power Group (China), Efore (Finland), Hangzhou Zhonheng Power Energy (China), Myers Power Products (US), Staticon (Canada), Vertiv Group (US), VoltServer (US), Corning Incorporated (US), JMA Wireless (US) are the key players in the global telecom power system market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.