According to a new market research report published by Credence Research, the global market for telecom systems is expected to reach US$ 5,443.1 million by 2027, increasing by 6.9 percent to CAGR during the 2019-2027 forecast.
Rising investment in the 5 G network is a key driver of the market for telecom power systems. Recently, GSMA Intelligence has seen a total investment of US$ 1 trillion in 5 G networks between 2018 and 2025, accounting for 17 percent of total revenue for mobile operators. In addition, the penetration of IoT in the telecommunications sector, along with a cross-industry partnership, is expected to boost market growth over the next several years. In March 2019, China Telecom Global signed a partnership agreement with Tata Communications to enable companies to deploy IoT devices cost-effectively and easily across China and internationally. Similarly, in October 2018, 14 mobile operators joined the GSMA IoT Partnership Program in the Asia Pacific region. More than 2,000 partners, including mobile operators, manufacturers, system integrators and vertical solution providers, are expected to grow by 2020.
Browse the full report at “Telecom Power Systems Market”
The global market for telecom power systems is categorized on the basis of components, grids, power sources and geography. Rising adverse effects of Greenhouse Gasses (GHG) and CO2 have made people aware of the use of renewable energy sources instead of non-renewable ones. A recent study by the U.S. Environmental Protection Agency (EPA) concluded that electricity generation accounted for about 27 percent of total GHG emissions. As a result, the consumer trend has shifted towards distributed and renewable generation. As a result of this shifting trend, the off-grid concept is expected to gain significant acceleration among other grid types during the forecast years.
As far as the geographical regions are concerned, Asia Pacific accounted for the largest share of revenue in 2018. The main reason behind the region’s significant growth is the huge presence of telecom companies in the region. In addition to this, on-going development and increasing connectivity in the rural areas of Asian countries offer lucrative growth of telecom power systems market in the coming years. Deep growth in mobile subscribers over the last few years, due to a large percentage of the population concentrated in the region, is the main cause of increased connectivity.
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Some of the prominent players profiled in the global telecom power systems market include Huawei Technologies Co. Ltd., Delta Electronics Inc., Schneider Electric, Eaton Corporation Inc., GE Industrial Solutions, Vertiv Co., Myers Power Products Inc., AEG Power Solution B.V., Microtek International Inc., Mitsubishi Electric Corporation, Cummins Inc., Ascot Industrial S.R.L., and Unipower LLC among others.