Global Telecom Power Systems Market: Types, End Users, Growth Rates and Revenue Shares, and Forecast from 2020 to 2029 is a recently produced report by Market.US. The global telecom power systems market is projected to reach a value of US$ 9.7 Billion in 2029, from a value of US$ 3.1 Billion in 2018. The global market is projected to register a substantial growth rate of 11.1%. The market has been segmented on basis of grid, component, power source, and region.
Increasing number of telecom towers, particularly in off-grid and remote areas, coupled with necessity for development of power transmission systems with smaller cells in LTE applications are among some of the major factors expected to drive market growth to significant extent. Additionally, inclining traffic from mobile data, high focus on grid enhancement and renovation activities in metropolitan cities, and remote and underdeveloped locations are additional major factors projected to support market growth over the next 10 years. Furthermore, increasing production and sales of electronic devices including smartphones, tablets, PCs, laptops among others, across developed and developing economies and growing need for hybrid grid is another key factor expected to propel market to a substantial extent.
Growing number of mergers and acquisitions among international and domestic players in order to expand businesses and sustain the competition in the market is projected to support market growth to a certain extent. In addition, rapidly growing telecom sector globally and inclining number of users is resulting in higher number of installations of telecom towers in order to meet demand from suburban locations. This is expected to drive growth of the target market.
Increasing concerns regarding carbon footprint and shifting preference for utilizing renewable and clean resources are some of the key factors. These, clubbed with expansion of off-grid infrastructure, especially in emerging countries in Asia Pacific, Latin America, and Africa, are expected to create lucrative opportunities for major companies operating in the target market. High costs associated with deployment of these systems is one of the major factors that could limit market growth. However, major players are laying emphasis on technological advancements, and are investing in R&D activities with government support. These factors are projected to create new revenue opportunities for companies engaged in telecom power systems business over the next 10 years.
Among the segments based on grid, that is, on-grid and off-grid; the off-grid segment is expected to account for highest revenue share, and is projected register comparatively higher growth rate of over 11% over the 10-year forecast period. Among the component segments, rectifiers – converters, heat management systems, controllers, distribution units, generators, protection devices, and other components; the rectifier segment is expected to account for highest share in terms of revenue, as well as register highest growth rate of over 12% over the 10-year forecast period.
Among the segments based on power source, the diesel-battery power source segment is expected to account for highest share in terms of revenue. Whereas, the diesel-wind source segment is expected to register highest growth rate over the 10-year forecast period. Among the regional markets in the report, the Asia Pacific market is estimated to dominate in the global market and this dominance is projected to continue over the next 10 years. Major players profiled in the final report include General Electric Company, Schneider Electric SE., Delta Electronics, Inc., Mitsubishi Electric Corporation, Myers Power Products, Inc., Eaton Corporation PLC, AEG Power Solutions, Microtek International Pvt. Ltd., Huawei Technologies Co., Ltd., Vertiv Group Corp., Ascot Industrial S.r.l., UNIPOWER, LLC, and Cummins Inc.