The increased adoption of clean energy technologies is one of the key trends driving the growth of the telecom power systems market.
Telecom Power Systems Market Growth Accelerated By Increased Adoption Of Clean Energy Technologies
Telecom power systems play a vital role in powering telecom towers and infrastructure across various regions. They provide continuous and uninterrupted power supply to telecommunication networks by offering reliable and efficient solutions. Advancements in clean energy technologies have increased the adoption of hybrid and off-grid power solutions in the telecom industry.
The global Telecom Power Systems Market is estimated to be valued at US$ 4187.04 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of clean energy technologies is one of the key trends driving the growth of the telecom power systems market. Various telecom operators and infrastructure providers are focusing on deploying hybrid and off-grid solutions integrated with solar and wind energy to reduce carbon emissions and optimize power costs. For instance, certain telecom operators have started piloting hydrogen fuel cell based power solutions at telecom towers in remote locations lacking grid connectivity. The use of cleaner sources of energy helps telecom companies lower operating expenses and meet sustainability goals. This rising focus on clean energy is expected to boost the demand for advanced telecom power systems in the coming years.
Segment Analysis
The global telecom power systems market is dominated by outdoor segment as major components of telecom infrastructure like Base Transceiver Stations (BTS), macro cells and towers are installed outdoors requiring robust and reliable power source in remote and rugged outdoor environments. The outdoor segment accounted for more than 60% share of the total market in 2024.
Key Takeaways
The Global Telecom Power Systems Market Size is expected to witness high growth over the forecast period of 2023 to 2030 driven by increasing telecom infrastructure expansion and roll out of 5G networks worldwide.
Regional analysis
Asia Pacific region currently dominates the market with over 35% share and is expected to maintain its lead position over the forecast period driven by rapid expansion of telecom infrastructure led by countries like China and India. North America and Europe are also significant markets, though growth rates will be higher in developing markets of Asia Pacific and Middle East & Africa.
Key players related content comprises
Key players operating in the telecom power systems market are Huawei Technologies Co., Ltd., Delta Electronics, Inc., Eaton, Vertiv Group Corp., Cummins Inc., Schneider Electric, GE Industrial Solutions, Myers Power Products, Inc., Unipower, and Ascot Industrial S.R.L. Huawei Technologies has the largest market share of over 15% owing to its strength in telecom infrastructure equipment supply globally.
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