Telecom Power System Market Size worth over $7bn by 2026

Telecom Power System Market size is set to exceed USD 7 billion by 2026, according to a new research report by Global Market Insights, Inc.
 

The growing demand for improving broadband coverage across rural areas is driving the telecom power system market revenue. The government authorities in many countries are focusing on improving telecom infrastructure in rural areas to provide advanced healthcare and governance facilities for rural population.

 

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For instance, in October 2019, the U.S. Department of Agriculture (USDA) invested USD 124 million to improve broadband services in rural areas to support essential health, educational, social, and business opportunities. Supportive government initiatives for commercialization of 5G network are also fueling the market growth.
 

Growing demand for indoor wireless communication devices is surging the adoption of indoor telecom power system

The indoor telecom power system market is anticipated to witness around 8% growth till 2026 due to growing demand for wireless telecom equipment in residential and offices. The surging penetration of wireless devices across enterprises due to advent of 5G network is also supporting market growth. It helps enterprises to maintain uninterrupted wireless connectivity in case of power failure. The growing Bring Your Own Device (BOYD) trend is also supporting the adoption of indoor telecom power systems across enterprises.
 

The companies operating in the market are emphasizing on developing reliable and low power consuming indoor telecom power system. For instance, in November 2019, Delta Electronics, a leading provider of thermal and power equipment, partnered with Alibaba to develop indoor power systems for Internet Data Centers (IDC). This partnership helped the company to develop energy-efficient indoor power systems by enhancing energy efficiency up to 98.5%. The growing demand for energy-efficient indoor power solutions is fueling the market growth.
 

India Telecom Power System Market

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Low maintenance cost of digital electricity cables is supporting their adoption in telecom power system

Digital electricity is expected to register over 20% CAGR through 2026 owing to its capability to transfer high level of power over long distances. It carries 20 times more power compared to traditional Power over Ethernet (PoE).
 

Digital electricity in increasingly gaining traction among telecom operators due to its reduced cabling costs and high reusability of wires. Digital electricity cabling can be easily relocated and reused without external expertise, significantly reducing hardware-related expenses. The reusability and reduced hardware-related cost of digital electricity cabling are fueling the demand for digital electricity.
 

Browse key industry insights spread across 288  pages with 474 market data tables and 27 figures & charts from the report, “Telecom Power System Market Size By Type (Indoor Telecom Power System, Outdoor Telecom Power System), By Technology (AC Power, DC Power, Digital Electricity), By Application (Macro/Outdoor BTS, Data Centers, Indoor DAS [Active DAS, Hybrid DAS, Passive DAS]), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/telecom-power-systems-market
 

Supportive government initiatives to improve rural broadband infrastructure is supporting market growth

Macro/outdoor DAS will hold the telecom power system market share of over 60% by 2026 on account of growing popularity of macrocells for providing broadband connectivity in rural areas. Governments across developing economies are targeting telecom connectivity in rural areas that are usually not connected to an electricity grid, creating new market opportunities for telecom power system manufacturers to develop alternative solutions catering to outdoor macro sites.
 

The outdoor DAS supports multiple wireless technologies including Wi-Fi, GSM, and Public Safety bands. Increasing government support and the shifting focus of vendors on providing macro cell dedicated solutions are expected to bolster the growth of the segment.
 

Rising mobile subscribers are driving the telecom power system market growth in APAC

Asia Pacific held the highest market share of over 30% in 2019 due to growing mobile subscriber penetration in developing countries such as India and China. For instance, according to GSMA’s ‘The Mobile Economy Asia Pacific 2019’ report, the mobile subscriber penetration in China was 81% with 1.2 billion subscribers in 2018.
 

The growing telecom industry in the region is enabling telecom service providers to deploy more telecom infrastructure components. The increase in deployment of telecom infrastructure components is fueling the market size.
 

The presence of major market players, such as ZTE Corporation and Huawei Technologies, is also supporting the market growth in the region. Supportive initiatives for rapid deployment of 5G network are driving telecom power system market growth in the region. The telecom service providers operating in the region are emphasizing on deployment of 5G network.
 

For instance, in June 2019, China Mobile invested USD 4.4 billion to build 50,000 5G base stations in China. This investment helped the company to rollout 5G base stations in 50 cities across the country.
 

Market players are focusing on development of new products to gain competitive advantage

The companies operating in the market are focusing on developing telecom power solutions for small and medium data centers. For instance, in February 2019, Eaton Corporation launched energy-efficient and compact 2nd generation 93E UPS to provide power protection to small and medium-sized data centers. This product launch helped the company to enhance its capability in data center power systems.
 

Some of the key players operating in the telecom power system market are Alpha Technologies, Ascot Industrial S.R.L., Corning Incorporated, Cummins Inc., Beijing Dynamic Power Co., Ltd., Eaton Corporation, Eltek (Delta Electronics, Inc.), General Electric Company (GE), Huawei Technologies Co., Ltd., JMA Wireless (John Mezzalingua Associates, LLC),  Myers Power Products, Schneider Electric, Staticon Ltd., Unipower LLC., Vertiv Group Corporation, VoltServer Inc., ZhongHeng Power Energy Co., Ltd., and ZTE Corporation.
 

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