"Rising Penetration of Renewable Sources in Energy Generation is expected to drive the Telecom Power Systems Market"

The global telecom power systems market is poised to reach US$ 6,621.5 Mn by 2030, expanding at a CAGR of 6.9% during the forecast period from 2023 to 2030. Exponential growth in the high-speed data users, internet, mobile phones, and other communication services has challenged the telecom power sector to reduce energy consumption in cooling system and processing equipment. This has pushed the information technology into distribution network to transform traditional telecom grid into smart system by introducing sensors and other monitoring & control equipment into it. Furthermore, strategic transformation in the telecommunication sector by the introduction of IoT and Artificial Intelligence critically drive the market in the near future. 

"Off-Grid Segment to Account for Highest Growth during the Forecast Period"

Off-grid power system is expected to register highest growth over the forecast period owing to its ability to provide radio coverage over wide geographic area. In addition, raising concept of distributed generation triggers the concept of micro or off-grid telecom power systems. Off-grid is a power grid with no main grid and several small grids connected together. Furthermore, massive investment in off-grid over the past two years and ongoing investment by major energy players in reliable grid and solar home systems offer huge opportunity for the off-grid vendors in the coming years. A recent report published by ‘Wood Mackenzie Power & Renewables’ on ‘Strategic Investments in Off-Grid Energy Access’ revealed the substantial investment of US$ 383 Million in off-grid energy. Reduced maintenance and operating fuel cost by a factor of 65% is one of the attractive factors uplifting the investment in off-grid power system.

"Diesel-Solar Segment Accounts for Highest Growth during the Forecast Period"

Diesel-Solar power source is expected to witness highest growth rate during the forecast period. The segment growth is primarily due to government subsidies offered for solar PVs across various regions. India receives ample amount of solar energy with nearly 300 days of clear sky in a year. Therefore, government of India offers subsidy scheme to people for installation of rooftop PV system. The scheme provides relief to the public from its high upfront installation cost and also offers long term benefits both in terms of energy and cost-saving. Similarly, the U.K. government offered Feed-in Tariff (FiT) scheme to accelerate its target for achieving 20% of renewable energy generation in all member countries by the year 2020. Other than India and the U.K., other regions also offer relevant subsidy plan to the public to create awareness for the renewable source of energy generation. Apart from the above-stated government schemes, Diesel-Solar offers lowest cost of energy generation along with easy installation process as compared to other power sources. This escalates the segment at a rapid pace in the near future.

"Asia Pacific held Largest Revenue Share in the year 2021"

Asia Pacific dominated the global telecom power systems market in terms of revenue for the year 2021. The prime reason behind the staggering growth of the region is large installation of telecom towers because of significant rise in the cellular devices and high-speed internet in the region. As of year 2019, total installed telecom towers in Asia Pacific region were 3,047,847. In addition, the region also witnesses significant growth in the forecast period owing to increased deployment of small cell units last year. Recently, a report published by the Small Cell Forum registered 58.6% of the total deployment of non-residential small cell units last year in the Asia Pacific region. Besides this, the region expected to deploy nearly 2.62 Million non-residential small cells by the year 2021 that represents nearly 54% of the global small cell deployment. This accounts for one of the major factor behind the rapid growth of the region.

Key Players & Competitive Landscape:

Some of the leading vendors profiled in the global telecom power systems market report include Huawei Technologies Co. Ltd., Delta Electronics Inc., Schneider Electric, Eaton Corporation Inc., GE Industrial Solutions, Vertiv Co., Myers Power Products Inc., AEG Power Solution B.V., Microtek International Inc., Mitsubishi Electric Corporation, Cummins Inc., Ascot Industrial S.R.L., and Unipower LLC among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Telecom Power Systems market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Telecom Power Systems market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Telecom Power Systems market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Telecom Power Systems market?
• Which is the largest regional market for Telecom Power Systems market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Telecom Power Systems market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Telecom Power Systems market worldwide?