Market Research Future published a research report on “Global Telecom Power System Market Research Report- Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India - May 20, 2019 /MarketersMedia/ —
Market Insights:
Market Research Future (MRFR)’s new analysis reveals that the global telecom power system market is projected to expand at a CAGR of 10% during the forecast period. The valuation of the market is poised to reach USD 5 Bn by the end of 2022. The growth can be attributed to the rising penetration of telecom towers in both rural and urban regions. The crossover of telecom industry and IT industry has opened new avenues of growth for the market players.
The substantial growth of the mobile data traffic has expanded the network coverage exponentially which has, in turn, necessitated the establishment of more cell sites. This is likely to have a favorable impact on the growth of the Telecom Power System Market over the next couple of years. Furthermore, the shift towards non-renewable energy has facilitated the penetration of the rural market. It is likely to influence the expansion of the global market positively through the projection period.
The boom witnessed in the telecom industry reflects on the growth of the telecom power system market. The expansion of the 3G and 4G networks have revolutionized the market, and it is expected to witness more growth with the adoption of 5G services. The penetration of mobile devices coupled with the rapid adoption of hybrid power systems is anticipated to catapult the telecom power system market on an upward trajectory. Nevertheless, high cost associated with the management of business operations is poised to hold the market growth during the review period.
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Key Players
The prominent players in the market of Telecom Power System market are –Eaton (Ireland),Huawei Technologies Co. (China), Schneider Electric (France), Delta Electronics (Taiwan), GE Industrial Solutions (U.S.), Emerson Network Power(U.S.),Microtek International Inc.(U.S.),Mitsubishi Electric Corporation.(Japan),AEG Power Solution B.V.(Netherlands) and among the others.
Telecom Power System Global Market - Segmentation
The telecom power system market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
• Segmentation by Component: Comprises of inverters, rectifiers, converters, controllers, generators, heat management systems and others
• Segmentation by Grid Type: Comprises of on-grid, off-grid and bad grid
• Segmentation by Power Source: Comprises of diesel-solar, diesel-wind, diesel-battery and others
• Segmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World
Telecom Power System Global Market - Regional Analysis
Asia Pacific is expected to witness a significant growth and hold the largest market share during the forecast period. This is owing to the dispersion of telecom towers in rural areas to enlarge the mobile network to the rising mobile subscriber base and also to advance connectivity. Asia Pacific region has seen 3G network growth and LTE networks have been tossed in the countries across Asia Pacific. The market in North America is also expected to show significant growth due to large scale positioning of small cell nodes for LTE and the upgradation of heritage power systems to high productivity power systems. Whereas, the Europe market for telecom power system is expected to grow at a considerable CAGR (2017-2023).
Industry News:
In July 2018, Verizon Wireless, the U.S., announced the launch of its 5G services in Houston.
In July 2018, Polar Power, the U.S., set its foothold in the Namibian market by receiving a US 800 Mn worth purchase order for the construction of new cell sites.
In October 2018, Bharat Sanchar Nigam Limited (BSNL) has partnered with Nokia, Finland, for supplying, installing, commissioning, and maintaining Smart Telecom Poles across India in all of BSNL's telecom circles.
In October 2018, Ericsson, a Swedish Multinational Company, commenced the export of 5G-ready telecom equipment from its manufacturing plant in India to Southeast Asia.
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Intended Audience
• Telecom Tower Companies
• Mobile Network Operators
• Telecom Infrastructure Provider
• Research Consulting Companies
• Power System Providers
• Power System Distributors
• Original Equipment Manufacturers
• Component Manufacturer of Power System
• Government
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 514475
