The ‘Global Telecom Power Systems Market Size Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global telecom power systems market, assessing the market on the basis of its segments like product types, components, power sources, grid types, and major regions.
Telecom Power Systems Market Size, Share, Price Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 9.6%
|Market Size in 2020||USD 3.7 billion|
|Revenue Forecast in 2026||USD 6.5 billion|
|Growth Rate CAGR||9.6%|
|Major Players||Delta Electronics, Inc., Eaton Corporation plc, Huawei Technologies Co., Ltd., ABB Group,|
Cummins Inc. and among others.
The expansion of the telecommunications industry is driving the demand for telecom power systems. The growing adoption of modern electronic devices such as smartphones, tablets, and laptops, among others, which is further fuelled by rising disposable incomes, is accelerating the telecom power systems market growth. In addition to this, the rising number of internet users, coupled with the increasing accessibility of high-speed internet services, are offering lucrative opportunities to the telecommunications industry.
The increasing demand for telecommunication services across various end use industries such as healthcare, transportation, and aerospace and defence, among others, are broadening the demand for continuous power supplies. In this regard, the growing need to expand power generation systems is likely to increase the adoption of high-end electronic systems and devices.
Over the forecast period, there is an anticipated increase in demand for telecommunication services across enterprises, which would likely further augment the global telecom power systems market. The increasing expansion of modern-day businesses is expected to lead to a high incorporation of telecom power systems in order to improve monitoring standards and enhance the power density in various telecommunication departments.
Telecom Power Systems Industry Definition and Major Segments
Telecom power systems refer to systems which provide power to facilitate continuous telecommunication operations despite any interruptions or power fluctuations. Fixed line applications and internet-back services are included in telecom power systems. Rectifiers and power system controllers, among others, are the essential components of a typical telecom power system.
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Based on product type, the market can be segmented into:
On the basis of component, the market has been classified into:
- Heat Management Systems
By power source, the market has been divided into:
- Multiple Sources
Based on grid type, the market is segmented into:
- On Grid
- Off Grid
- Bad Grid
On the basis of region, the market can be categorised into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Telecom Power Systems Market Trends
The key trends in the global telecom power systems market include technological advancements in the telecommunication industry which include the incorporation of advanced electronic gadgets that are compatible with the internet. The robust investments aimed towards increasing the manufacturing of upgraded and efficient telecommunication devices are anticipated to propel the demand for power in the forecast period.
The increasing emphasis on smart grids and smart energy control, in order to boost the telecommunication services output, is another crucial trend in the market. Moreover, the market is anticipated to be aided by the growing research and development activities by major telecom power system manufacturers, aimed towards bolstering the quality of inverters, controllers, and generators, among others.
In regional terms, Asia Pacific accounts for a sizable share in the telecom power systems market. The increasing demand for electricity in the region, owing to the high population and increasing per capita income across emerging economies such as India and China, are the key factors surging the market growth in the Asia Pacific.
Key Market Players
The major players in the telecom power systems market report are Delta Electronics, Inc., Eaton Corporation plc, Huawei Technologies Co., Ltd., ABB Group, and Cummins Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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