Telecom Power System Market size worth over $9bn by 2027
Published Date: September 30, 2020 Authors: Preeti Wadhwani, Sachin Kasnale
Telecom Power System Market size is set to exceed USD 9 billion by 2027, according to a new research report by Global Market Insights, Inc.
Telecom power systems assist telecom network infrastructure to provide continuous connectivity by providing uninterrupted power in case of grid power fluctuations and interruptions. Telecom power systems are designed for providing power to fixed line applications, wireless broadband access, and data centers. They improve the up time of telecom infrastructure that helps the system to stay alive during power failures by monitoring and maintaining telecom batteries.
The growing demand for 5G services across regions is fueling the market growth. Major telecom leaders are taking supportive initiatives for the expansion of 5G services across the region.
Growing demand for indoor wireless communication devices is increasing the adoption of indoor telecom power systems
The indoor telecom power system market is expected to witness 10.7% growth rate till 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 across enterprises due to advent of 5G network is also supporting the market expansion. 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 acceptance 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 systems.
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 is supporting their adoption in telecom power systems
Digital electricity in the telecom power system market is estimated to attain a CAGR of more than 22% through 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. These packets are transmitted and received similarly as internet data packets, operating over enterprise networks. The benefits of digital electricity include high-power transmission over long distances (up to 2 KW over 2 km) and can support the telecom equipment of an entire building including wireless systems, IoT, Distributed Antenna Systems (DAS), and switches.
Supportive government initiatives to improve rural broadband infrastructure is supporting the telecom power system market value
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Macro/outdoor DAS is projected to hold the market share of over 60% by 2027 due to 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 poised to bolster the segment growth.
Rising mobile subscribers will create the growth opportunity for APAC region
Asia Pacific telecom power system market accounted for 35% in 2020 owing to growing mobile subscriber penetration in developing countries such as India and China. The growing development of advanced technologies, such as connected car, smart city, and IIoT, is supporting the market revenue. The extensive penetration of smartphones and internet services in countries including India and China is predicted to increase the demand for power systems.
The presence of major telecom power system market players, such as ZTE Corporation and Huawei Technologies, in the region is also supporting the market demand. In March 2021, Huawei showcased its full range of digital power solutions at the 2021 PV EXPO Tokyo, encompassing five key areas: Smart PV, Data Center Energy, iSitePower, Modular Power and mPower. At the exhibition, in addition to its traditional ground-based telecom power systems, Huawei is also showing the latest full product portfolio in the hybrid and solar energy market space. This marks Huawei’s full-fledged entry into the renewable market. The major market leaders are focusing on introducing new telecom power system solutions to the market. Power system provider companies in the region 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 telecom power system market 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.