Press release
Telecommunication Equipment Cabinet and Racks Market Size, Revenue Share, Insights & Future Outlook
Telecommunication Equipment Cabinet and Racks MarketThe global market for Telecommunication Equipment Cabinet and Racks was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by the end of 2022, the number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.
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According to our Communications Research Centre, in 2022, the global communication equipment was valued at US$ 100 billion. The U.S. and China are powerhouses in the manufacture of communications equipment. According to data from the Ministry of Industry and Information Technology of China, the cumulative revenue of telecommunications services in 2022 was ¥1.58 trillion, an increase of 8% over the previous year. The total amount of telecommunications business calculated at the price of the previous year reached ¥1.75 trillion, a year-on-year increase of 21.3%. In the same year, the fixed Internet broadband access business revenue was ¥240.2 billion, an increase of 7.1% over the previous year, and its proportion in the telecommunications business revenue decreased from 15.3% in the previous year to 15.2%, driving the telecommunications business revenue to increase by 1.1 percentage points.
By Type
• Networking Racks
• Open Frame Racks
• Outdoor Cabinets
• Customized Racks
By Application
• BFSI
• Retail
• Media and Entertainment
• Defense and Aerospace
• Education
Key Companies
Crenlo, Conteg, Hammond Manufacturing, Tripp Lite, B&R Enclosures Pty Ltd, Kendall Howard, Legrand, Talley Inc., Rainford Solutions, NITTO KOGYO CORPORATION
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