Telecom Power Systems Market to Reach US$ 5.8 Billion by 2024

by IVO Smith Business Analyst

The global telecom power systems market has witnessed moderate growth over the past few years. The major growth-inducing factors include a rise in internet penetration and the availability of energy-efficient telecom power systems.

According to the latest report by IMARC Group, the telecom power systems market reached a value of US$ 3.4 Billion in 2018.

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.

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. Apart from this, manufacturers are introducing power systems with improved flexibility, smarter energy control, enhanced monitoring capabilities, and high energy efficiency and power density. They are also developing power systems which can operate with the help of renewable energy sources such as solar and wind. These power systems are particularly useful in remote locations or areas with an inefficient power supply. Looking forward, the market value is projected to reach US$ 5.8 Billion by 2024, expanding at a CAGR of 9.4% during 2019-2024.

Telecom power systems market segmentation:

Market Breakup by Product Type

1. DC

2. AC

Market Breakup by Component

1. Rectifiers

2. Converters

3. Controllers

4. Heat Management Systems

5. Generators

6. Others

Market Breakup by Power Source