Telecom power systems include various power equipment such as converters, inverters, rectifiers, and controllers that are used for supplying and managing power to telecommunication infrastructure. These power systems are essential for telecom towers, data centers, and other network infrastructure in order to provide uninterrupted power supply and optimize performance. With the increasing installation of telecommunication networks worldwide and advancement in technologies such as 5G and optical fiber, the demand for reliable power infrastructure is rising rapidly.
The global Telecom Power Systems Market is estimated to be valued at US$ 4187.04 Mn 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 Opportunity:
The increasing deployment of next generation 5G networks worldwide presents a major market opportunity for telecom power systems. 5G networks require dense infrastructure with many small cell sites and base stations as compared to previous generations. This results in significantly higher power requirements which necessitate robust and efficient power systems. As 5G rollouts accelerate globally to enable ultra-low latency and high bandwidth applications, the demand for telecom power systems tailored for 5G will witness strong growth over the coming years. Their ability to provide backup power solutions for maintaining connectivity becomes increasingly important.
Porter’s Analysis
Threat of new entrants: High upfront investments needed in infrastructure and technology poses barriers for new entrants in the telecom power systems market. Bargaining power of buyers: Telecom companies have moderate bargaining power due to the presence of several providers offering telecom power systems. Bargaining power of suppliers: Few global players dominating the market increases the bargaining power of suppliers.Threat of new substitutes: No major substitute exists for telecom power systems. Competitive rivalry: Intense competition exists among the key players operating in the market to gain higher market share.
SWOT Analysis
Strength: Growing demand for reliable telecom infrastructure to support 5G rollout.
Weakness: High dependence on limited number of technology vendors increases supply chain risks.
Opportunity: Government initiatives to develop rural telecom networks offer opportunities for growth.
Threats: Fluctuations in commodity prices leading to increase in input costs poses threats.
Key Takeaways
The global Telecom Power Systems market size is expected to witness high growth during the forecast period of 2023 to 2030. The market size for 2023 is estimated to be US$ 4187.04 Mn registering a CAGR of 5.9% during the forecast period.
Regional analysis related content:
North America accounted for around 30% of the global telecom power systems market share in 2023 and is expected to continue dominating during the forecast period. This is attributed to large scale investments in building reliable telecom infrastructure to roll out 5G networks across the US and Canada. Additionally, continuous expansion of existing 4G networks in remote and rural areas supports the market growth in the region.
Asia Pacific telecom power systems market is anticipated to grow at the fastest pace during the forecast period owing to increasing mobile subscriber base and ongoing 5G deployments across countries such as China, India and South Korea. Favorable government policies and investments to upgrade telecom infrastructure, rising procurement of telecom equipment and rapidly growing mobile subscriber base are the major factors driving the demand.
Key players related content:
Key players operating in the telecom power systems market are Archer Daniels M, Eaton, Huawei, Schneider Electric, Vertiv, and Delta Electronics. Archer Daniels M is a global leader in telecom power systems with wide product portfolio catering to diverse needs of telecom operators. Huawei is one of the biggest suppliers of telecom equipment globally and is focused on expanding its telecom power systems business
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According to the global telecom power systems market by IMARC Group, the market was worth US$ 3.7 Billion in 2019.
Looking forward, the market is expected to continue its moderate growth during the next five years.Telecom power systems provide a stable electricity supply to telecom towers in case of fluctuations or interruptions in grid power.
The major components of these systems include batteries, rectifiers or inverters, and power system controllers.
Although most telecom systems are powered by grids, they can be integrated with renewable energy sources to reduce the operating costs.
Telecom power systems form an essential part of communication networks as they help in maintaining various services such as fixed-lines and high-speed internet data.Global Telecom Power Systems Market Trends:A rise in the demand for telecom services, particularly in emerging regions such as Asia, the Middle East and Africa, has resulted in the expansion of the global telecom power systems market.
Moreover, the growing number of smartphone users has created a demand for advanced network services, such as 4G and VoLTE.
