The global telecom power system market is projected to grow from USD 3.9 billion in 2022 to USD 5.4 billion by 2027; it is expected to grow at a CAGR of 7.1% from 2022 to 2027.
The key factors fueling the growth of this market include increasing number of telecom infrastructure in remote areas, growing adoption of telecom services and high data traffic, rising awareness about reducing carbon footprint from telecom power systems, growing adoption of hybrid power systems, increasing technological advancements in cellular networks, rising use of GaN-based power devices with evolution of 5G technology, surging requirements for advance telecom infrastructure and M2M connections.
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Diesel–Battery power source was the largest market for telecom power system in 2021.
A diesel-battery power source is designed for bad-grid sites and off-grid sites, and they are used when the fuel consumption is very high. The diesel-battery power source holds the largest market share due to the fact tht they are used in all the power systems as it is the most common and conventional power source and can work even in the absence of sufficient wind speed and sunlight, unlike non-conventional diesel-solar and diesel-wind power sources. Due to this advantage over the diesel-solar and diesel-wind power sources, the current market share was maximum for a diesel-battery power source.
Bad grid connected telecom power system hold largest market size during the forecast period.
Bad grid connected telecom power systems are mainly used in developing economies such as India, Brazil, and African countries. The reason being that in most of the regions, the telecom power sites are located in the remote areas, due to which unreliability of the power availability occurs, leading to a higher market share for the bad-grid connected telecom power systems.
Generators hold the largest market share for telecom power system in 2021.
A generator is an independent source of electrical power that supports important electrical systems on loss of normal power supply. It is a standby power system, which may include a standby generator, batteries, and other systems. Generators that run on diesel are the most common sources of portable power, due to which generators hold the largest market share currently.
Asia Pacific is projected to register the largest market share of the telecom power system market in 2027
For the telecom power system market, by region, the maximum market share of the telecom power system market is contributed by Asia Pacific with a market share of 43.9% and a CAGR of 9.1% during the forecast period. As Asia Pacific region comprises of a large proportion of world population, the number of mobile subscribers and telecom service end users will be increasing. Another reason for growth in this market is that India, Sout Korea, China have developed their telecom serives and a few start-ups in the region have emerged to focus on the upcoming trends in digital services such as cloud computing, network security, and better connecting technologies, which lead to growth in the telecom sector as a whole, which in turn, leads to growth in the telecom power system market.
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Key Market Players
The telecom power system market is dominated by a few globally established players such as Eaton (US), Huawei Technologies (China), Cummins (US), ZTE Corporation (China), General Electric (US), Schneider Electric (France).