Telecom Power System Market Will Reach USD 7,360.2 Million By 2030
Telecom Power System Market Will Reach USD 7,360.2 Million By 2030
Blog Article
The size of the telecom power system market was USD 3,974.1 million in 2021, and the figure is set to rise at a CAGR of 7.1% from 2022 to 2030 and reach USD 7,360.2 million by the end of this decade. This development can be credited to the rising penetration of telecom towers in several regions, like Africa and APAC, and the thriving acceptance of telecom services.
Additionally, numerous counts of towers have been fitted continually to fulfill the needs of the growing count of subscribers, which, ultimately, fortifies the utilization of power systems for these towers.
On the basis of components, the generators category dominated the telecom power system market with a share of approximately 30%, mainly because they are significantly utilized as a standby energy source to provide safe operations against power cuts and insufficient power supply.
Furthermore, diesel is less igneous than natural gas, making it a safer petroleum for generators for telecom tower backups. Additionally, diesel-fueled generators have lengthier lifetimes as compared to others, because they run at lower temperatures.
In recent years, the bad-grid category held the largest industry share, of over 40%, followed by the off-grid and on-grid categories. This is mainly credited to its extensive application in rural areas in primarily emerging nations, like Africa, India, Brazil, and Pakistan economies. Furthermore, the rising growth of telecom infrastructure because of the augmented expenditure by tower businesses strengthens the use of the bad-grid category.
On the basis of power source types, the diesel-solar category is projected to experience the fastest development during the projection period, growing at a CAGR of more than 8%. This can be credited to the growing utilization of hybrid power sources in telecom towers and they press down the maintenance and working expenses by limiting fuel usage and diesel runtime.
Furthermore, the propagation of hybrid project growth fortifies the utilization of diesel-solar energy sources throughout the globe.
In recent years, the APAC telecom power system market share was above 40% of the worldwide revenue, and the continent is also estimated to endure its market dominance in the long run. Over the last years, operators have been encouraged to focus on investment and expansion of their networks as a result of an increased number of cell phone subscribers. This will lead to an increase in the production of energy systems in this region.
For example, India has approximately 1.2 billion mobile connections, around 600 million smartphones, and about 700 million internet operators. The nation is adding about 25 million new mobile operators every quarter, creating a prosperous ground to present digital initiatives.
Source: P&S Intelligence