Global Telecom Power Solutions Market 2019-2023

Posted by Ruchi Walt on March 27th, 2020

The global telecom power solutions market size will grow by USD 2.23 billion during 2019-2023. This industry research report provides a detailed analysis of the market based on product (direct current (DC) and alternating current (AC), type (products and software & services), deployment (access network and core network) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several telecom power solutions providers including Delta Electronics, Inc., Eaton, Huawei Technologies Co., Ltd., Schneider Electric, and Vertiv Co.

Below are some of the key findings from this telecom power solutions market analysis report

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Global telecom power solutions industry overview

The rising investment in telecommunication networks is one of the primary factors that will drive global telecom power solutions market growth during the forecast period. Because of the expected growth in IP and mobile IP traffic around the world, the deployment of telecommunication networks is increasing. Many vendors are investing heavily in the deployment of LTE/LTE-A and 5G network trials and rollouts. The investment in telecommunication networks can also be attributed to the high penetration of IoT devices. The rising number of telecommunication networks will further increase the number of base stations and small cell installations. This will propel the demand for telecom power solution systems as it is an essential component of base stations and small cells. Moreover, the increasing workload of telecommunication networks will also result in an increase in the need for telecom power solutions to overcome the challenges related to grid power interruptions and fluctuations. Such factors will boost global telecom power solutions market growth during the forecast period.

Technological advancements in telecom power solutions systems will also have a positive impact on the growth of the market. The development of advanced power system controllers and standalone rectifiers are some of the technological advancements that can be seen in telecom power solution systems. These technological advancements are aimed at increasing the power efficiency of base stations and small cells in telecommunication network infrastructure. Moreover, the integration of such technological advancements in telecom power solution systems allows service providers to comply with the intensifying environmental regulations. Technological advancements in telecom power solutions, coupled with the growing investment in telecommunication networks will drive telecom power solutions market growth at a CAGR of close to 9% during the forecast period.