The telecom power systems market comprises ofAC and DC power systems, battery boxes, battery racks, and rectifiers that are used by telecom tower operators and network carriers to provide reliable backup power to telecom towers and cell sites. These power systems ensure continuous transmission and reception of voice and data services even during power outages. With the rising adoption of technologies like Internet of Things (IoT) and 5G, which require greater network coverage and bandwidth, telecom operators are increasingly investing in expanding and upgrading their network infrastructure. This is driving the demand for telecom power systems to support new cell sites and towers. The Global Telecom Power Systems Market is estimated to be valued at US$ 4823.48 Bn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period of 2024 to 2030.
Key Takeaways
Key players operating in the Telecom Power Systems are Archer Daniels Midland Company, Seagarden AS, Phermpep Co. Ltd., Arlak Biotech Pvt. Ltd., Naturade, Royal DSM, MYOS RENS Technology Inc., Natural Factors Inc., Valio Oy, GenScript, HELIX BIOMEDIX, Oryn Therapeutics, Selecta Biosciences, NIBEC, vivitide, PEPTIDE INSTITUTE, INC, BCN Peptides, Setlance srl., APEPTICO Forschung und Entwicklung GmbH, and BIONANOPLUS. Major players are focusing on developing more efficient and eco-friendly power solutions to help telcos reduce operational costs.
The growing demand for 5G connectivity and IoT applications is opening up key opportunities for telecom power providers to collaborate with telcos on developing new sites. Emerging markets in Asia Pacific and Latin America will witness double digit growth in telecom infrastructure over the next decade, attracting global power suppliers.
Market Drivers and Restraints
The rapid adoption of IoT and 5G technologies across industries is a key driver boosting the demand for reliable telecom infrastructure and associated power systems. IoT connections are expected to grow three-folds between 2020-2030 requiring greater network coverage. Conversely, high initial investments and operational costs associated with telecom power systems pose a major challenge. Network operators, especially in developing markets, may hesitate to invest in these capital intensive power infrastructure upgrades limiting market potential. Strict environmental norms regarding battery disposal could also negatively impact revenue growth.
Segment Analysis
The Telecom Power Systems Market Demand is dominating by outdoor telecom power systems sub-segment. Outdoor telecom power systems is generally used by telecom towers located remotely where grid power is not available and such towers require reliable power backup. As the number of telecom towers increase worldwide especially in developing regions for fast connectivity with increasing subscriber base, the demand for outdoor telecom power systems to power these towers becomes crucial to enable continuous connectivity with battery backup. These systems are equipped to withstand harsh weather conditions and have higher capacity to power equipment at the tower site without disruption. The adoption of outdoor telecom power systems is growing as telecom operators focus on extending their networks to remote areas.
Global Analysis
Asia Pacific region dominates the global telecom power systems market currently. Rapid establishment of telecommunication infrastructure in developing countries such as India and China to support growing subscriber base is driving high demand for telecom towers and associated power systems in the region. Both countries have launched initiatives to enhance connectivity nationwide which involves setting up numerous telecom towers. Supportive regulatory environment and government measures to improve rural connectivity through telecom means will further aid the market growth in Asia Pacific region through the forecast period. Europe region is also expected to grow considerably owing to ongoing telecom infrastructure upgradation projects across countries to enable next generation connectivity technologies like 5G.
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