According to the new market research report "Telecom Power System Market by Grid Type
(On Grid, Off Grid, Bad Grid), Component (Rectifier, Inverter, Converter,
Controller, Generator), Power Source (Diesel-Battery, Diesel-Solar,
Diesel-Wind, Multiple Sources), and Geography - Global Forecast to 2022",
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. The major factors
driving this market include penetration of telecom towers in rural and off-grid
areas.
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Bad grid type telecom power systems estimated to
hold the largest market share during the forecast period
The
growth of mobile subscribers is expected to be concentrated in the developing
countries of APAC and Africa. Majority of the population in these countries is
currently not connected to mobile phone networks. This population
overwhelmingly inhabits rural areas where access to electricity is patchy and
unreliable. Around 40% of the rural population in developing countries lacks
access to grid-based electricity. Thus, to meet the current and growing
requirements for the increase in mobile subscribers, there is a huge scope for
telecom power systems in bad-grid areas.
Market for diesel-solar power source is estimated to
grow at the highest CAGR during the forecast period
Diesel-solar
hybrid systems reduce the cost of operation and maintenance as well as the cost
of logistics by minimizing diesel runtime and fuel consumption. Governments
worldwide are offering subsidies for solar PVs and their cost has also
decreased. The market for multiple source-based systems
(diesel/solar/wind/battery/biomass) is expected to grow at the second-highest
CAGR during the forecast period. The reason for this growth is the adoption of
green telecom power solutions by the telecom industry. The use of renewable
sources in this type of power system helps in reducing the carbon footprint to
a great extent.
APAC is expected to grow at the highest CAGR during
the forecast period
The
market in APAC is expected to grow at the highest CAGR during the forecast
period. The reason for this growth is the penetration of telecom towers in
rural areas to expand the mobile network to the growing mobile subscriber base
and also to improve connectivity. The APAC region has witnessed 3G network
expansion, and LTE networks have been launched in the APAC countries.
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The
key players in the telecom power system market are Delta Electronics (Taiwan),
Eaton (Ireland), GE Industrial Solutions (U.S.), Huawei Technologies Co.
(China), and Schneider Electric (France).. The leading companies have adopted
the organic strategy of new product launches to increase their revenue.
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