Telecom Power Systems Market is poised to grow by increasing adoption of Backup Power Systems

0
542

The telecom power systems market consists of solutions that provide continuous and reliable power supply systems to telecommunication infrastructure. These include AC and DC power systems, backup battery systems, converters, controllers, and inverters. Telecom power systems ensure uninterrupted operation of various telecommunication networks by providing backup power in case of power outages or faults in the electricity grid. They are crucial for maintaining the availability and quality of voice, data and multimedia services for consumers. 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 2024 to 2031.

Telecom power systems provide power management and voltage regulation solutions to key components of telecommunication infrastructure including telecom towers, data centers, central office buildings and fiber nodes. They offer benefits such as high energy efficiency, low downtime, continuous monitoring and autonomous operation. With the growth of 4G/LTE networks and upcoming transition to 5G technology, telecommunication networks are becoming more complex with dense deployment of base transceiver stations and mobile cells. This is increasing the demand for robust and reliable power supply equipment to support round-the-clock network connectivity and availability. The Global Telecom Power Systems Market is driven by the need for uninterrupted power solutions to ensure seamless communication services.

Key Takeaways

Key players operating in the telecom power systems market 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. The growing mobile subscriber base and increasing mobile internet usage is propelling the demand for telecom power systems. Telecommunication companies are increasingly focusing on expanding their network coverage to rural and remote areas which is further boosting the market.

Market Key Trends

One of the key trends in the telecom power systems market is the rise of hybrid power solutions. Many telecom tower operators and network infrastructure providers are adopting hybrid power systems that combine renewable energy sources like solar and wind along with conventional diesel gensets and battery banks. This is helping reduce operating costs and carbon footprint of telecom networks. For instance, mobile tower operators like Bharti Infratel are installing solar hybrid power systems across several thousand towers in India. Such innovations are expected to drive the demand for green telecom power solutions over the forecast period.

Telecom Power Systems Market Regional Analysis Threat of new entrants: The telecom power systems market requires high initial investments which act as a barrier for new companies to enter the market. The existing players have already established their supply chains and distribution channels.

Bargaining power of buyers: Telecom operators and companies form a large part of the buyers in this market. Individual buyers have low bargaining power due to the specialized nature of products however collectively their bargaining power is high.

Bargaining power of suppliers: Due to the presence of a large number of component manufacturers, the bargaining power of suppliers is moderate.

Threat of new substitutes: There exist few product substitutes for telecom power systems. Renewable energy solutions can be considered as substitutes but have not gained widespread adoption yet.

Competitive rivalry: The market has the presence of many global players operating worldwide. However, companies try to increase customer stickiness through innovative product offerings and customer support.

The North American region accounts for the largest share in the global telecom power systems market in terms of value. This can be attributed to factors such as high telecom infrastructure spending and presence of major network providers.

The Asia Pacific region is expected to witness the fastest growth during the forecast period. This growth can be attributed to the rising mobile subscriber base, rollout of 5G networks, and government initiatives to enhance telecom connectivity in rural regions.

View More Insight @  Telecom Power Systems Market

 

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

البحث
إعلان مُمول
الأقسام
إقرأ المزيد
أخرى
Decoded! How Does Diversity and Inclusion Consulting Help
Diversity and inclusion (D&I) have become paramount in today's business landscape....
بواسطة Laura Massey 2024-01-25 04:57:05 0 1كيلو بايت
أخرى
InstaDP Viewer
The Insta DP viewer is an application that lets you view full-size Instagram profiles of your...
بواسطة Laelia Odette 2022-04-01 01:10:02 0 2كيلو بايت
Networking
The Rise of OEM Watches: Crafting the Future of Timepieces
In today's dynamic watch market, OEM (Original Equipment Manufacturer) watches have emerged as a...
بواسطة Scot Brian 2024-09-23 09:54:10 0 354
أخرى
Bar-code Readers Market outlook and future Growth Analysis up to 2030
The Bar-code Readers Market evaluation provides information on the major business trends...
بواسطة Radhika Mandavkar 2024-03-02 06:04:28 0 759
الألعاب
Acquista Crediti FC: Scopri Come Ottenere i 25 Crediti Club FC25
Acquista Crediti FC: Scopri Come Ottenere i 25 Crediti Club FC25 I crediti FC sono diventati un...
بواسطة Jone Thomas 2024-10-26 10:45:50 0 209