Global Telecom Power System Market – Industry Trends and Forecast to 2027

Posted by Tom C on February 28th, 2023

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 telecom power system market includes key companies such as Eaton (US), Huawei Technologies(China), Cummins (US), ZTE Corporation(China), General Electric (US), Schneider Electric (France), Alpha Technologies (US), Delta Electronics (Taiwan), ABB (Switzerland), Ascot Industrial (Italy), UNIPOWER (US), Dynamic Power Group (China), Efore (Finland), Hangzhou Zhonheng Power Energy (China), Myers Power Products (US), Staticon (Canada), Vertiv Group (US), VoltServer (US), Corning Incorporated (US), JMA Wireless (US).

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With time and understanding about telecommunication services such as voice, internet, networking, and data services, people have started adopting them at a faster pace. With the growing need for telecommunication services, they are now used in all sectors i.e., schools, offices, data centers, healthcare, etc. With the smoother work execution including better communication services, improved internet services pertaining to better file transfer in offices, etc., people have started trusting these services for their day-to-day uses and necessities. The rapid adoption of these services will lead to enhanced telecom infrastructure development in terms of more towers to provide services to more people and hence, higher demand for telecom power systems. The increasing number of wireless devices that can access mobile networks is leading to the growth of mobile data traffic. As the number of mobile devices with advanced computing and multimedia capabilities is increasing, the demand for more capable and intelligent networks is also growing simultaneously. Mobile connections are evolving from 2G network connectivity to higher-generation network connectivity such as 3G, 3.5G, 4G, and 4.5G (LTE/LTE-A).

The telecom power systems are used to avoid operational downtime and maintain a high level of power quality. As telecom power system equipment are equipped with a number of features, their costs are high. The high-end power quality equipment are equipped with various features, such as high-power efficiency and disturbance detection, and flicker detection. Thus, these equipment are expensive and have high installation costs. Moreover, the construction and maintenance of telecom towers along with the maintenance of the power system components or devices incur more operational costs as more people are deployed to maintain the sites and it requires manpower to conduct site visits, which will majorly be on the outskirts of the city. High costs of high-end telecom power equipment are expected act as a restraint for the growth of the market.

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Tom C

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Tom C
Joined: July 2nd, 2020
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