Power systems play a vital role in the efficient running of
telecommunication networks by securing the services in case of power
interruptions and fluctuations. They are made up of a combination of
converters, distributors, controllers, and backup systems. They help in saving
essential operating and maintenance costs for telecom operators. With the
growing mobile subscriber base and increasing demand for 3G and LTE networks,
the telecom industry is set to expand and actively invest in more
infrastructures.
The global telecom
power system market is expected to be valued at USD 4.53 Billion by 2022,
growing at a CAGR of 10.26% between 2017 and 2022.
Among grid types, the off-grid power systems is expected to witness the
highest growth over the forecast period, owing to the expansion of networks to
remote areas by mobile network operators and tower companies in order to get
universal coverage. Moreover, there is a good scope for telecom power systems
in bad-grid areas, mainly due to lack of access to grid-based electricity.
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Based on power source, the market for diesel-solar power source is
estimated to grow at the highest CAGR, since they help in reducing the
operational and maintenance costs as well as logistics by lowering the diesel
runtime and fuel consumption.
How is the market progressing, globally?
Among regions, the market in Asia-Pacific is expected to be the largest
market in 2017, owing to the increasing penetration of telecom towers,
especially in rural areas in order to enhance the connectivity as well as to
expand the mobile network to the growing mobile subscriber base. The APAC
region has been witnessing expansion of 3G and LTE networks since the past few
years. There is a great opportunity for mobile network operators (MNO)/tower
companies and energy service companies (ESCOs) to work toward deploying green
power alternatives in order to power telecom sites, reduce expenditure, tackle
infrastructural challenges, and reach the rollout targets, thereby witnessing
good growth ahead.
What is driving and restraining the market growth?
The global market for telecom power systems is experiencing growth
mainly due to the following factors:
- Increased penetration of telecom towers in rural and off-grid areas, especially APAC and Africa
- Growing awareness regarding the reduction of carbon footprint of the telecom industry
Moreover, growth in the number of mobile subscribers, especially in
Asia-Pacific and Africa is expected to further drive the growth of this market.
On the other hand, concern regarding the effect of high utilization of
diesel for powering telecom infrastructure is the major factor that is likely
to hamper the growth of this market.
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Key players and growth strategies adopted
The key players operating in the worldwide market for telecom power
systems comprise Delta Electronics (Taiwan), Eaton (Ireland), GE Industrial
Solutions (U.S.), Huawei Technologies Co. (China), and Schneider Electric
(France). These companies have majorly adopted the organic strategy of new
product launches in order to increase their market shares as well as revenue.
Other strategies include contracts & agreements, awards and acquisitions,
and partnerships and collaborations so as to expand their global presence and
portfolio.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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