Market Insights:
According to MRFR analysis, The Telecom Equipment market industry is projected to grow from USD 718.46 Billion in 2022 to USD 1004.22 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.90% during the forecast period (2022 - 2030). Telecom equipment refers to the technology and devices used for telecommunications, such as cell towers, routers, switches, and other networking equipment. The COVID-19 pandemic has had a significant impact on the telecom equipment industry. With many people working from home and students attending school remotely, there has been an increase in demand for telecom equipment to support remote connectivity and increased internet usage. This has led to an increase in sales for companies that manufacture and sell telecom equipment.
Introduction:
Expansion of cellular towers, 5G networks, increasing number of smartphones, rising expenditure on telecom infrastructure across rural areas, increasing government policies, fuelling market growth. Market driven by high growth across the North America and Asia-Pacific regions. The telecommunications industry has undergone significant transformations over the years, driven by advancements in technology and changing consumer demands. A key component of this industry's evolution is the telecom equipment market, which plays a vital role in enabling reliable and efficient communication networks. In this blog post, we will delve into the dynamic landscape of the telecom equipment market and explore its current trends and future prospects.
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Market Segmentation
The Global Telecom Equipment market has been segmented into product, infrastructure, and end user
Based on the product, the market has been segmented into Broadband Access, Core Network (Evolved Packet Core, IP Multimedia Subsystem, Signal Transfer Point and Multiaccess Edge Computing)], Software, Services [Professional Services (Consulting Services, Installation and Implementation Services, Maintenance Services and other Support Services), Managed Services.
Based on the infrastructure, the market has been segmented into Wireless Infrastructure and Wired Infrastructure.
Based on the end user, the market has been segmented into Consumer Electronics, BFSI, Retail, Media, Defense and others.
Key Players
Some of the key market players are Huawei Technologies Co. Ltd, Ciena, Nokia, ZTE Corporation, Cisco Systems, Inc., Fujitsu Ltd, Telefonaktiebolaget LM Ericsson., Qualcomm Technologies, Inc., Samsung Group, Juniper Networks, Inc., CommScope Holding Co., Inc., Extreme Networks, Inc.
Trend 1: Energy Digitalization
Key point: 90% of sites worldwide will achieve energy digitalization.
5G has seen the number of sites skyrocket, which complicates O&M, increases OPEX, and eats into operators’ profits. Energy digitalization is crucial to simplifying O&M and reducing site O&M costs. Thanks to digital sensing, control, and processing technologies, around 90% of sites worldwide will be able to boast digitalized energy by 2025, making it possible for operators to build simplified, green, autonomous driving networks.
Trend 2: Going Green
Key point: Adopting green energy saves energy and cuts emissions.
To cope with climate change and help achieve the UN’s Sustainable Development Goals (SDGs), many global operators have adopted strategies for saving fuel, reducing maintenance, eliminating diesel generators network-wide, and lowering carbon emissions. Investment in green energy is on the rise and new energy technologies, such as photolvaic PV, wind energy, hydrogen fuel cells, and lithium batteries, are maturing. Although these technologies require relatively high initial investment, operators are accepting this burden due to the inherent advantages of green tech: low carbon emissions, zero maintenance, and low electricity costs.
Trend 3: Lithium Batteries
Key points: Lithium batteries will replace lead-acid batteries; batteries will be increasingly used as a power source rather than backup energy.
5G has doubled the power consumption that sites use, which in turn requires an energy storage system with higher energy density. And, with five times the lifecycle and twice the float charge of lead-acid batteries, lithium batteries are the perfect choice. These advantages also mean that lithium batteries are far more cost-effective, and they will become more so: the price of lithium batteries will drop by 30% over the next couple of years to become roughly the same as lead-acid batteries by 2022. Lithium batteries’ cycle feature enables “peak shaving”, which can avoid mains capacity expansion and reconstruction, and enable elastic electricity pricing, which can be staggered to reduce electricity fees.
Trend 4: Telecom Energy Will Permeate Various Industries through 5G
Key point: Different enterprise-level scenarios require flexible power supply solutions.
5G will bring base station devices into various enterprise-level application scenarios, including ports, mines, electric power, transportation, universities, hospitals, and communities. More application scenarios require a diverse range of telecom energy solutions. These solutions will be digital, modular, and flexible.
Trend 5: ICT Power Supply Will Converge
Key point: ICT convergence requires diverse power supply solutions.
The popularization of 5G has in turn powered AI and spurred IT companies to use CT networks to develop various applications, further fueling IT and CT convergence. This transformation raises requirements on power supply and backup on original sites and equipment rooms. Telecom energy needs to support power supply, backup power assurance, heat management, space management, and cabling management of both CT and IT devices. However, this will also create O&M challenges.
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Predictive Emission Monitoring System Market - http://icrowdnewswire.com/predictive-emission-monitoring-system-market-share-is-expected-to-grow-usd-14-2-billion-by-2030-industry-analysis-and-increased-environmental-awareness
Conclusion:
The telecom equipment market is a dynamic and rapidly evolving industry that plays a crucial role in shaping the telecommunications landscape. With the rise of 5G technology, the expansion of IoT, and the growing need for robust network infrastructure, the demand for telecom equipment is poised to soar. To capitalize on these opportunities, companies must stay abreast of technological advancements, prioritize cybersecurity, and foster innovation. The future holds tremendous potential for the telecom equipment market, and stakeholders need to be proactive in embracing the changing landscape to drive growth and success.
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