Telecom Power Systems Market to Witness Astonishing Growth by 2029

Telecom Power Systems Market is anticipated to grow at a considerable CAGR of around 8.6% during the forecast period. The major factors that are contributing significantly to the growth of the market include the increasing mobile subscription that has increased the telecom tower installations and high demand for faster network and services. The demand for advanced network and services which incorporates 5G and VoLTE in rising with increase in the number of smartphone and internet users, which is leading to the growth of the telecom power systems industry globally. As per the PEW Research data, it is estimated more than 5 billion people had mobile devices, and over half of these connections are smartphones in 2020. The population of users grew by 93 million in 2020 with an annual growth rate of 1.8%. The increased number of smartphone users has surged the number of telecom tower installation using globally. Moreover, solar energy is being used for providing electric power to telecommunication systems in undeveloped areas.

Generating power energyfrom diesel solar systems minimizes the carbon gas emmisions in the environment. Government, globally are pitching for reducing carbon gas emissions by providing subsidies for installation of solar power panel. Owing to this reason, diesel solar power source contributes in the growth of telecom power systems market. For instance, in January 2022, Low Carbon, UK renewable energy investor started to build a solar and energy storage power plant, with the capacity of generating 500 MW electricity in Lincolnshire, England. This project is located near Gate Burton and connected with the power transmission system at National Grid's Cottam Substation in Nottinghamshire. With this project, the company supplies electricity power for over 160,000 homes.

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Telecom Power Systems Market Segmentation

By Product Type

· AC

· DC

By Power Source

· Diesel Battery

· Diesel Solar

· Diesel Wind

· Other Sources

By Component

· Rectifier

· Inverter

· Converter

· Controller

· Generator

· Others

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Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

Company Profiles

· Aggreko Ltd.

· Alpha Technologies

· Ascot Industrial S.R.L

· AU Optronics Corp.

· Corning Inc.

· Delta Group

· Dynamics Inc.

· Eaton Corp. Plc.

· General Electric Co.

· Helios Towers Ltd.

· Huawei Technologies Co. Ltd.

· Japan Display Inc.

· LG Display

· Myers Power Products Inc.

· Schneider Electric

· Thomson Reuters Holdings Inc.

· Unipower LLC.

· Vertiv Group Corp.

· Voltserver Inc.

· ZTE Corp.

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