PUBLISHER: Market Research Future | PRODUCT CODE: 1596044
PUBLISHER: Market Research Future | PRODUCT CODE: 1596044
In 2023, the telecom battery market was estimated to be worth USD 10644.2 million. According to projections, the telecom battery market would expand at a compound annual growth rate (CAGR) of 13.96% from 2024 to 2032, from USD 11740.6 million to USD 33395.1 million.
In the case of a power loss or outage, the telecom batteries are specifically made to run extensive backup power applications. Data centers, UPS applications, phone networks, computer networks, internet servers, and radio broadcasting systems are just a few of the telecom systems that employ these batteries. Due to the growing need for dependable power solutions in the telecom industry, the telecom battery market is expanding significantly.
The market is expanding because of the increasing use of smartphones and the growing demand for constant connectivity. Furthermore, the need for telecom batteries to power these cutting-edge communication systems is growing as a result of the introduction of cutting-edge technologies like 5G networks and the Internet of Things (IoT).
To be efficient backup power sources, high-quality telecom batteries must have exceptional cycle performance in both float and fast charge applications. Long life span, immediate high-power output, deep discharge capabilities, and quick recharge rates are the main benefits of utilizing premium telecom batteries in backup systems. The market's high startup expenses are one of the obstacles limiting its expansion. The number of people using or adopting smartphones has increased significantly. The smartphone's features and technological improvements have made living much more comfortable. It has lessened the need to see the family. A smartphone can be used for video calls and other forms of entertainment.
Perspectives on Market Segments
The market for telecom batteries has been divided into three segments based on the kind of product: lead-acid batteries, lithium-ion batteries, and other.
The telecom battery market has been split into three segments based on capacity: low, medium, and high.
Regional Perspectives
North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America make up the telecom battery market's regional segments. The market for telecom batteries in Asia-Pacific has the largest market share and is anticipated to generate a sizable portion of revenue over the course of the projected period. Asia-Pacific is a vibrant and rapidly expanding telecom battery market. India and south Asia are growing at the fastest rates, while China, Japan, and South Korea are currently the region's main markets. In the Asia-Pacific market, there is a growing need for mobile phone batteries that use less power. Telecom companies are making significant investments in building network infrastructure in response to rising mobile data demand and the Internet of Things.
Saft, Jiangxi JingJiu Power Science& Technology Co., LTD., Battrix, Narada, OGO Energy, Sacred Sun, Polarium, FIAMM, Topband, Enersys, Ipower Batteries, Leoch Battery Corporation, RCRS Innovations Private Limited, Indoptica International, Celltech Group, Huawei, ZTE, COSLIGHT, and Wolong Electric are some of the major players in the global telecom market.