Telecom Power System Market Set to Grow at the Fastest Rate-Time to Grow your Revenue

The global telecom power system market is projected to grow from USD 4.2 billion in 2023 to USD 6.6 billion by 2028; it is expected to grow at a CAGR of 9.4% from 2023 to 2028.

The telecom power systems market is witnessing significant growth due to several key factors. Firstly, the increasing deployment of 5G networks, which require more efficient and reliable power systems, is driving the demand for telecom power systems. Secondly, there is a rising awareness of the carbon footprint associated with the telecom industry, leading to a shift towards more sustainable power systems.

The demand for mobile, telephony, and data services has increased in rural areas from developing economies such as India, Africa, and Brazil. The telecom service providers and mobile network operators are expanding their network from the urban and semi-urban regions to rural areas to tap the existing market potential of the rural market in the developing economies.

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Opportunity: Increasing technological advancements in cellular networks (5G, LTE services, etc.)

Long-term evolution (LTE), marketed as 4G LTE, is the standard for high-speed data for data terminals and mobile phones. It is one of the fastest wireless technologies in the market, and the rapid global adoption of the technology drives the telecom power system market. The penetration of 4G technology is rapidly increasing in developing countries worldwide. According to the ITU, the 4G penetration in APAC was ~96% in 2022. Also, the countries in Africa witnessed a 4G penetration of ~50% in 2022.

Challenge: Design challenges for telecom power systems

The telecom operators face infrastructure-related challenges in expanding network coverage to rural and remote areas due to higher operational costs and low return on investment. To deploy telecom networks in emerging markets is a technical and major economic challenge due to the absence of power grids, remote locations, harsh climatic conditions, and often the absence of qualified personnel on the ground. The energy required for electricity production should mostly be through renewable energy sources such as diesel-wind, diesel-solar, etc. The challenge is that awareness for the same is difficult to create and the installation costs for renewable energy sources are high, posing it as a challenge for adopting telecom power systems.