PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1418764
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1418764
Global Telecom Power Systems Market is valued at approximately USD 3.30 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 12.5% over the forecast period 2023-2030. Telecom power is a specialized infrastructure and equipment designed to provide a reliable and uninterrupted power supply to telecommunications networks. These systems are crucial for ensuring continuous operation of various communication technologies, such as mobile networks, landline services, and internet connectivity. The Telecom Power Systems market is expanding because of factors such as rising development of telecom infrastructure, increasing investment by the governments across various countries and private firms in 5G technology and growing mobile data traffic.
The escalating mobile data traffic is a key driver behind the growth of the telecom power system market. As the demand for mobile services, including data-intensive applications and high-speed internet, continues to surge globally, telecommunication networks face the challenge of ensuring uninterrupted and reliable operations. Telecom power systems play a pivotal role in addressing this challenge by providing the necessary infrastructure to support the increasing power requirements of expanding and upgrading network infrastructure. As per Ericsson's projections, the worldwide mobile data traffic is anticipated to persist in its upward trajectory, potentially reaching 131 exabytes per month by the conclusion of 2024. This signifies a substantial 30% compound annual growth rate spanning the period from 2018 to 2024. Ericsson further anticipates that by 2024, 5G networks will be responsible for carrying approximately 35% of the total mobile data traffic. In addition, increasing technological advancements in cellular networks and rising government investment in telecom industry is creating new opportunities to the market growth. However, the high deployment and operational costs of telecom power systems, environmental concerns associated with use of diesel generators stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Telecom Power Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with largest market share owing to the swift digitization of numerous industries in developing nations within the region, rising number of smart phone and internet users in the region. North America is expected to grow at a fastest rate during the forecast period, owing to factors such as rising penetration rate of mobile devices and 4G-LTE networks in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable.