Global Telecom Power System Market Report 2022-2027 - Rising Use of Gan-Based Power Devices with Evolution of 5G Technology
DUBLIN, May 13, 2022 /PRNewswire/ -- The "Global Telecom Power System Market by grid type (On-Grid, Off-Grid, Bad grid), component, power source, Technology, (AC power system, DC power system), Power Rating (Below 10 kW, 10-20 kW, above 20 kW) and Geography - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The telecom power system market is projected to grow from USD 3.9 billion in 2022 to USD 5.4 billion by 2027; it is expected to grow at a CAGR of 7.1% from 2022 to 2027.
The key factors fueling the growth of this market include increasing number of telecom infrastructure in remote areas, growing adoption of telecom services and high data traffic, rising awareness about reducing carbon footprint from telecom power systems, growing adoption of hybrid power systems, increasing technological advancements in cellular networks, rising use of GaN-based power devices with evolution of 5G technology, surging requirements for advance telecom infrastructure and M2M connections.
To provide users with high-speed, large-scale broadband services, and computational activities, service providers install numerous devices/equipment, such as routers, servers, switches, and radio base stations, in locations such as data centers, companies, homes, streets, and public spaces.
Also, to increase the energy efficiency of these devices, along with power systems, cooling systems, and batteries, there is an increased requirement for efficient power management solutions. With the increase in the number of users and telecom infrastructure in rural areas, requirements for telecom power systems of the networks will also witness significant growth.
Moreover, the increase in the usage of telecommunication services in remote areas due to the growing work from home culture for schools, offices, etc. has been leading to an increase in the number of telecom infrastructure for the provision of these services.
With the growing need for telecommunication services, they are now used in all sectors i.e., schools, offices, data centers, healthcare, etc. With the smoother work execution including better communication services, improved internet services pertaining to better file transfer in offices, etc. people have started trusting these services for their day-to-day uses and necessities.
The rapid adoption of these services will lead to enhanced telecom infrastructure development in terms of more towers to provide services to morepeople and hence, higher demand for telecom power systems. The increasing number of wireless devices that can access mobile networks is leading to the growth of mobile data traffic.
As the number of mobile devices with advanced computing and multimedia capabilities is increasing, the demand for more capable and intelligent networks is also growing simultaneously.
Thus, diesel consumption leads to huge emissions of CO2 leading to a higher carbon footprint. There has been a considerable increase in the average temperature of the earth in the past century. This temperature rise is attributed to the effects of global warming brought about by the accumulation of greenhouse gases (GHG) in the atmosphere. Increasing public demand for corporate social responsibility and a genuine desire to bring positive changes in the environment are leading telecommunication service providers and their suppliers to reduce their carbon footprint.
In the decade 2010-2020, carbon emissions from the telecom industry had increased by about 124%, which means an increase in the carbon footprint, which can lead to global warming. This carbon emission issue is taken seriously by the telecom industry and hence, a shift toward green telecommunication is observed by adopting energy efficient technologies or renewable energy technologies such as diesel-solar, diesel-wind to produce electricity at telecom tower sites.
APAC is a diversified region with its countries transitioning toward digital transformation. The region is set to dominate 5G, edge computing, blockchain, and 5G core technologies owing to its size and diversity, as well as due to strategic lead taken by countries, including Singapore, South Korea, China, Australia, and Japan. Asian telecommunication service providers, vendors, and government firms are determined to take the lead in advanced telecom network deployments.
Most of the leading industrialized economies of the world are in APAC, and the region is witnessing dynamic changes in terms of the adoption of new technologies and advancements in organizations across various industries. The high adoption rate of new technologies in APAC has made it a lucrative market for telecom power systems; APAC exhibits a large-scale growth in the telecom sector, which is observed due to a large proportion of the population in this region.
Major players profiled in this report:
The telecom power system market is dominated by a few established players such as Eaton (US), Huawei Technologies (China), Cummins (China), ZTE Corporation (China), General Electric (US) and Schneider Electric (France).
Case Study Analysis
For more information about this report visit https://www.researchandmarkets.com/r/vrj6tl
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SOURCE Research and Markets