February 25, 2024
Telecom Power Systems Market

The Growing Telecom Power Systems Market is expected to be Flourished by Increasing Dependence on Wireless Communication

The global telecom power systems market is primarily driven by the increasing penetration of advanced technologies such as 4G, 5G, and wireless communication. Telecom power systems play a vital role in catering to the power demands of communication infrastructure such as macro cell BS, small cell BS, data centers, Wi-Fi mesh networks.

The global telecom power systems market is estimated to be valued at US$ 4823.48 billion in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

The global telecom power systems market growth can be attributed to the growing dependence on wireless communication and networks. Wireless communication networks require supporting infrastructure such as macro cell base stations, small cells, Wi-Fi hotspots that demand consistent and uninterrupted power supply. Telecom power systems ranging from outdoor power systems to indoor power systems along with associated power solutions such as rectifiers and dc/ac converters address the power needs of wireless infrastructure. Additionally, proliferation of advanced technologies such as 5G deployment and adoption of public Wi-Fi networks exert greater pressure on the power supply chain fuelling demand for robust telecom power systems.

Market Dynamics:

Growing dependence on wireless communication: As highlighted in the heading, increasing usage of smart devices, proliferation of IoT, and deployment of advanced wireless networks has resulted in growing dependence on wireless communication. This in turn fuels the demand for supporting telecom infrastructure and associated telecom power systems to ensure seamless connectivity and experience.

Increasing penetration of 5G technology: The rollout of 5G networks is expected to significantly drive the telecom power systems market during the forecast period. This is owing to the massive infrastructure requirements of 5G including dense network of small cells and macrocells that would require robust, scalable and efficient telecom power systems.

Segment Analysis

The global telecom power systems market can be segmented based on component, grid type, battery type, architecture type and region. Based on component, the market is segmented as rectifiers, converters, controllers, generators, distributors, others. Amongst these, the rectifiers segment dominates the market as they are an integral component in telecom power systems for converting AC input to DC output which is needed for running telecom equipment.

PEST Analysis

Political: Governments across regions are focusing on digital transformation initiatives which is increasing the demand for reliable power infrastructure for telecom industry.

Economic: Rising mobile penetration coupled with launch of 5G networks is driving investments in telecom infrastructure leading to growth of telecom power systems market.

Social: Increasing connectivity needs due to Smartphone usage and advancement of technologies like IoT and ML/AI is augmenting the usage of telecom networks resulting in higher power needs.

Technological: Adoption of renewable energy sources for powering telecom towers to reduce carbon footprint along with use of lithium-ion batteries for energy storage is influencing the market.

Key Takeaways

The Global Telecom Power Systems Market Demand is expected to witness high growth over the forecast period. The global telecom power systems market is estimated to be valued at US$ 4823.48 billion in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031.

Regional analysis indicates that Asia Pacific dominates the market currently due to rising mobile subscriber base in countries like India and China.

Key players operating in the telecom power systems market are Archer Daniels Midland Company, Seagarden AS, Phermpep Co. Ltd., Arlak Biotech Pvt. Ltd., Naturade, Royal DSM, MYOS RENS Technology Inc., Natural Factors Inc., Valio Oy, GenScript, HELIX BIOMEDIX, Oryn Therapeutics, Selecta Biosciences, NIBEC, vivitide, PEPTIDE INSTITUTE, INC, BCN Peptides, Setlance srl., APEPTICO Forschung und Entwicklung GmbH, and BIONANOPLUS. The increasing focus of telecom operators towards upgrading and expanding networks to support high bandwidth applications will further accentuate demand for telecom power solutions over the forecast period.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it