"Rising Penetration of Renewable Sources in Energy Generation is expected to drive the Telecom Power Systems Market"
The global telecom power systems market is poised to reach US$ 5,443.1 Mn by 2027, expanding at a CAGR of 6.9% during the forecast period from 2019 to 2027. Exponential growth in the high-speed data users, internet, mobile phones, and other communication services has challenged the telecom power sector to reduce energy consumption in cooling system and processing equipment. This has pushed the information technology into distribution network to transform traditional telecom grid into smart system by introducing sensors and other monitoring & control equipment into it. Furthermore, strategic transformation in the telecommunication sector by the introduction of IoT and Artificial Intelligence critically drive the market in the near future.
Market Synopsis
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"Off-Grid Segment to Account for Highest Growth during the Forecast Period"
Off-grid power system is expected to register highest growth over the forecast period owing to its ability to provide radio coverage over wide geographic area. In addition, raising concept of distributed generation triggers the concept of micro or off-grid telecom power systems. Off-grid is a power grid with no main grid and several small grids connected together. Furthermore, massive investment in off-grid over the past two years and ongoing investment by major energy players in reliable grid and solar home systems offer huge opportunity for the off-grid vendors in the coming years. A recent report published by ‘Wood Mackenzie Power & Renewables’ on ‘Strategic Investments in Off-Grid Energy Access’ revealed the substantial investment of US$ 383 Million in off-grid energy. Reduced maintenance and operating fuel cost by a factor of 65% is one of the attractive factors uplifting the investment in off-grid power system.
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"Diesel-Solar Segment Accounts for Highest Growth during the Forecast Period"
Diesel-Solar power source is expected to witness highest growth rate during the forecast period. The segment growth is primarily due to government subsidies offered for solar PVs across various regions. India receives ample amount of solar energy with nearly 300 days of clear sky in a year. Therefore, government of India offers subsidy scheme to people for installation of rooftop PV system. The scheme provides relief to the public from its high upfront installation cost and also offers long term benefits both in terms of energy and cost-saving. Similarly, the U.K. government offered Feed-in Tariff (FiT) scheme to accelerate its target for achieving 20% of renewable energy generation in all member countries by the year 2020. Other than India and the U.K., other regions also offer relevant subsidy plan to the public to create awareness for the renewable source of energy generation. Apart from the above-stated government schemes, Diesel-Solar offers lowest cost of energy generation along with easy installation process as compared to other power sources. This escalates the segment at a rapid pace in the near future.
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"Asia Pacific held Largest Revenue Share in the year 2018"
Asia Pacific dominated the global telecom power systems market in terms of revenue for the year 2018. The prime reason behind the staggering growth of the region is large installation of telecom towers because of significant rise in the cellular devices and high-speed internet in the region. As of year 2017, total installed telecom towers in Asia Pacific region were 3,047,847. In addition, the region also witnesses significant growth in the forecast period owing to increased deployment of small cell units last year. Recently, a report published by the Small Cell Forum registered 58.6% of the total deployment of non-residential small cell units last year in the Asia Pacific region. Besides this, the region expected to deploy nearly 2.62 Million non-residential small cells by the year 2021 that represents nearly 54% of the global small cell deployment. This accounts for one of the major factor behind the rapid growth of the region.
Key Players & Competitive Landscape:
Some of the leading vendors profiled in the global telecom power systems market report include Huawei Technologies Co. Ltd., Delta Electronics Inc., Schneider Electric, Eaton Corporation Inc., GE Industrial Solutions, Vertiv Co., Myers Power Products Inc., AEG Power Solution B.V., Microtek International Inc., Mitsubishi Electric Corporation, Cummins Inc., Ascot Industrial S.R.L., and Unipower LLC among others.
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The research study telecom power systems market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all round view of the global telecom power systems market based on component, grid, power source, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
Component Segment (2017–2027; US$ Mn)
• Rectifiers
• Controllers
• Converters
• Heat Management Systems
• Inverters
• Circuit Breakers
• Generators
• Protection Devices
• Distribution Unit
• Others
|
|
Grid Segment (2017–2027; US$ Mn)
• Off Grid
• On Grid
• Bad Grid
|
|
Power Source Segment (2017–2027; US$ Mn)
• Diesel-Solar
• Diesel-Wind
• Diesel-Battery
• Multiple Sources
|
|
Geography Segment (2017–2027; US$ Mn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the global market size of telecom power systems in 2017 & 2018?
- What is estimated forecast and market projections up to 2027?
- Which is largest regional market for telecom power systems?
- Which grid type has the largest penetration in telecom power systems market?
- Which is the most preferred power source for telecom power systems?
- Which are the predominant trends shaping the global telecom power systems market?
- Which is the most promising, attractive, and less-explored region in the global telecom power systems market?
- Who are the leading vendors in the global telecom power systems market?
- What are the premiere strategies adopted by the leading manufacturers in the global telecom power systems market?
