Telecom Power Systems Market

Telecom Power Systems Market is Expected to be Augmented by Increased Adoption of Cloud Services and Edge Computing

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The telecom power systems market involves power infrastructure solutions that aid in delivering continuous and reliable power to the telecom network infrastructure. These include solutions ranging from rectifiers, inverters, converters, uninterruptable power supplies, and cabinets & enclosures to optimize power requirements for telecom sites. Telecom infrastructure demands resilient and redundant power infrastructure to support growth in data consumption and edge computing services. The increasing reliance on digital connectivity has compelled telecommunication operators and data center providers to develop robust and scalable power infrastructure.

The global telecom power systems market is estimated to be valued at US$ 4187.04 million 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 Dynamics:

Increased adoption of cloud services and edge computing: The rapid digitization has accelerated the adoption of advanced technologies such as edge computing and cloud-based infrastructure and services. Edge computing facilitates processing and storage of data closer to end-users to enable low latency applications. This has increased the need for distributed micro data centers and edge sites requiring robust and scalable telecom power infrastructure in proximity to cellular towers and base stations.

Focus on renewable energy integration: Growing concerns regarding carbon emissions from conventional power sources have compelled telecommunication operators to focus on integrating renewable energy sources such as solar and wind at telecom sites. Hybrid power systems incorporating renewable energy are garnering attention to reduce reliance on diesel generators. However, renewable energy also needs robust power management and energy storage solutions to ensure uninterrupted services.

Segment Analysis
The telecom power systems market size is segmented by type into diesel-battery, diesel-solar, and others. Amongst these, the diesel-battery segment dominates the market and accounts for over 50% share. This is because diesel-battery systems provide reliable backup power during power outages and are extensively used by telecom tower operators across the globe.

PEST Analysis
Political: Local government initiatives to expand telecom infrastructure especially in rural areas have increased the demand for telecom power systems.

Economic: Growing mobile subscriber base and rollout of 5G networks require more telecom towers, boosting the need for reliable power backup systems.

Social: Rising use of smartphones for social networking and OTT apps has increased the dependence on seamless network connectivity.

Technological: Innovation in renewable energy technologies such as solar power, fuel cells are enabling development of hybrid power solutions for telecom towers.

Key Takeaways
The global telecom power systems market is expected to witness high growth at a CAGR of 5.9% during the forecast period of 2023 to 2030.

Regional analysis the Asia Pacific region dominates the market and accounted for over 35% share in 2023 owing to large telecom networks in countries such as China and India.

Key players operating in the telecom power systems market are Archer Daniels Midland Company, Caterpillar, Cummins, Eaton, GE, and Hitachi Hi-Rel Power Electronics. Key players Abbott, Amgen, AstraZeneca, F. Hoffmann-La Roche Ltd., Johnson & Johnson Services, Merck & Co., Novartis, Pfizer, Sanofi, and Takeda Pharmaceutical Company.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile i
Ravina
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Ravina Pandya,  Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.