Telecom Power System Market size is poised to surpass USD 9 billion by 2027, according to a new research report by Global Market Insights Inc. The growing demand for 5G services across regions is fuelling the market growth.
Growing demand for indoor wireless communication devices
The indoor telecom power system market is expected to witness 10.7% growth rate through 2027 led by rising demand for smart home applications and proliferation of wireless telecom equipment in residential and offices. The surging penetration of wireless devices from the enterprises due to advent of 5G network is also supporting the market expansion. The growing Bring Your Own Device (BOYD) trend is also supporting the acceptance of indoor telecom power systems. The companies operating in the scenario are emphasizing on developing reliable and low power consuming systems like these.
Browse key industry insights spread across 326 pages with 476 market data tables and 26 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, 2021 – 2027” in detail along with the table of contents:
Low maintenance cost of digital electricity cables
Digital electricity market segment in the telecom power systems is estimated to attain a CAGR of more than 22% during 2021 to 2027 on account of its capability to transfer high level of power over long distances. Digital electricity is an evolving technology that aims at distributing high voltages over long distances, combining data, and DC power into packets.
Supportive government initiatives to improve rural broadband infrastructure
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Macro/outdoor DAS is projected to hold the market share of over 60% by 2027 owing to growing popularity of macrocells for providing broadband connectivity in rural areas. Governments in the 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. Increasing government support and the shifting focus of vendors on providing macro cell dedicated solutions are poised to bolster the segment growth.
Rising mobile subscribers in APAC region
Asia Pacific telecom power system market accounted for 35% in 2020 attributed to the growing mobile subscriber penetration in developing countries such as India and China. The continuous development of advanced technologies, such as connected car, smart city, and IIoT, is supporting the industry revenue. The extensive penetration of smartphones and internet services in this region is predicted to increase the demand for power systems.
The presence of major players in the marketplace, such as ZTE Corporation and Huawei Technologies, in the region is also supporting the market demand. The prominent market leaders are focusing on introducing new telecom power system solutions to the market. Power system provider companies are developing innovative solutions to support the power requirement of telecom infrastructure.
Market participants are focusing on development of new products to gain competitive advantage
Some of the companies operating in the market landscape for telecom power system are Alpha Technologies (EnerSys), Ascot Industrial S.r.l., Corning Incorporated, Cummins Inc., Beijing Dynamic Power Co., Ltd. (DPC), 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. These players are focusing on developing telecom power solutions for data centers.