Telecom Power System Market to undergo a CAGR of 7.68%,size,growth rates, Business Opportunities

Telecom power systems assist telecommunication facilities in cases of grid power fluctuations and interruptions. The intersection of the telecom industry with IT has resulted in the evolution of telecom power systems. Telecom power systems consist of many smaller units that bear numerous technological necessities such as converters, controllers, and distributors.    

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Telecom power systems are utilized to assist telecommunication services by controlling and monitoring the flow of power over telecom networks. The exponential growth of mobile data traffic and telecom operators has led to the expansion of the network coverage in rural and metropolitan areas. The substantial use of mobile devices in urban areas has improved the incorporation of femtocells and picocells which need DC power systems.  

Data Bridge Market Research analyzes that the global telecom power system market which was USD 4,616.78 million in 2022, would rocket up to USD 8,457.38 million by 2030, and is expected to undergo a CAGR of 7.68% during the forecast period. The "rectifier" segment of the component segment is expected to dominate the market owing to the requirement of conversion of AC to DC power at the base of macro towers so that DC power can be sent to DC devices of the system.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Opportunity

Rising internet penetration across the globe

Internet users continue to grow too, with the latest data indicating that the world's connected population grew by close to 147 million users in 12 months to April 2023. At just under 3%, this year-on-year growth rate is quite a bit slower than the growth rates we saw during the middle of the last decade. However, regular delays to the processing and publishing of research into internet adoption likely mean the real growth rate is higher than these latest figures suggest. This is expected to provide a great opportunity for market growth.

Driver

Growing mobile subscribers globally

Mobile connectivity continues to be a lifeline for society, helping the most vulnerable people in areas affected by conflict and natural disasters to stay connected. By the end of 2022, over 5.4 billion people globally subscribed to a mobile service, including 4.4 billion people who also used the mobile internet. This is expected to drive market growth.

Some of the major players operating in the global telecom power system market are

Alpha Technologies (U.S.)

Ascot Industrial S.r.l. (Italy)

Corning Incorporated (U.S.)

Cummins Inc. (U.S.)

Dynamic Power Group (U.S.)

Eaton (Ireland)

Eltek (Norway)

General Electric Company (U.S.)

Hangzhou ZhongHeng Power Energy Co. Ltd. (China)

The countries covered in this market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of Middle East and Africa.

North America is expected to dominate the global telecom power system market due to the ever-growing need for robust and non-stop network connectivity. Furthermore, the early adopters of advanced technologies and telecom technologies are not an exclusion which will further boost the market growth during the forecast period.

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