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| Telecom Power Systems Market |
The global Telecom Power Systems Market is estimated to be valued at US$ 4187.04 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Telecom power systems provide power backup and voltage regulation to
telecommunication networks and infrastructure. They include rectifiers,
converters, inverters, charge controllers, and switches which efficiently
manage power requirements at telecom towers, data centers, and switching
centers.
Market key trends:
One of the key trends in the telecom power systems market is integration of
lithium-ion batteries. Lithium-ion batteries have higher energy density and do
not require regular maintenance as compared to lead-acid batteries
traditionally used in telecom power systems. Integration of lithium-ion
batteries is enabling deployment of telecom infrastructure in remote and
off-grid areas for connectivity solutions driving autonomous transportation.
This is fueling the growth of market as autonomous vehicles would require
seamless connectivity for navigation and safety services.
Segment Analysis
The global telecom power systems market is segmented by component, power
source, and application. Based on the component, the telecom power systems
market is segmented into rectifiers, converters, controllers, generators,
distributors, and others. The rectifiers segment dominated the market in 2022
due to the increasing installation of 5G infrastructure that requires efficient
rectifiers for power management.
Key Takeaways
The global Telecom
Power Systems Market Growth is expected to witness high growth,
exhibiting a CAGR of 7.3% over the
forecast period, due to increasing investments in 5G infrastructure development
and network modernization globally.
Regional analysis:
Regionally, Asia Pacific dominated the global telecom power systems market with
a market share of over 35% in 2022 and is expected to continue its dominance
during the forecast period. This is attributed to the high density of telecom
network and increasing investments by telecom operators towards network
infrastructure upgrade across developing economies such as China and India.
North America and Europe held significant shares in 2022.
Key players:
Key players operating in the telecom power systems market include Schneider
Electric SE, Eaton Corporation PLC, ABB Ltd., Huawei Technologies Co. Ltd.,
EnerSys, Cummins Inc., Delta Electronics Inc., Myers Power Products Inc.,
Efore, and Vertiv Co. Global players such as Schneider Electric and Eaton
Corporation are focusing on developing innovative and more efficient products
to consolidate their market shares.
Read More,
https://www.insightprobing.com/telecom-power-systems-market-trends-size-and-share-analysis-2/
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