PUNE, India, March 8, 2017 /PRNewswire/ --
According to the new market research report "Telecom Power System Market by Grid Type (On Grid, Off Grid, Bad Grid), Component (Rectifier, Inverter, Converter, Controller, Generator), Power Source (Diesel-Battery, Diesel-Solar, Diesel-Wind, Multiple Sources), and Geography - Global Forecast to 2022", published by MarketsandMarkets, the global market is expected to be valued at USD 4.53 Billion by 2022, growing at a CAGR of 10.26% between 2017 and 2022.
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Browse 42 market data Tables and 23 Figures spread through 137 Pages and in-depth TOC on "Telecom Power System Market"
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The major factor driving this market includes penetration of telecom towers in rural and off-grid areas.
Bad grid type telecom power systems estimated to hold the largest market share during the forecast period
The growth of mobile subscribers is expected to be concentrated in the developing countries of APAC and Africa. Majority of the population in these countries is currently not connected to mobile phone networks. This population overwhelmingly inhabits rural areas where access to electricity is patchy and unreliable. Around 40% of the rural population in developing countries lacks access to grid-based electricity. Thus, to meet the current and growing requirements for the increase in mobile subscribers, there is a huge scope for telecom power systems in bad-grid areas.
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Market for diesel-solar power source is estimated to grow at the highest CAGR during the forecast period
Diesel-solar hybrid systems reduce the cost of operation and maintenance as well as the cost of logistics by minimizing diesel runtime and fuel consumption. Governments worldwide are offering subsidies for solar PVs and their cost has also decreased. The market for multiple source-based systems (diesel/solar/wind/battery/biomass) is expected to grow at the second-highest CAGR during the forecast period. The reason for this growth is the adoption of green telecom power solutions by the telecom industry. The use of renewable sources in this type of power system helps in reducing the carbon footprint to a great extent.
APAC is expected to grow at the highest CAGR during the forecast period
The market in APAC is expected to grow at the highest CAGR during the forecast period. The reason for this growth is the penetration of telecom towers in rural areas to expand the mobile network to the growing mobile subscriber base and also to improve connectivity. The APAC region has witnessed 3G network expansion, and LTE networks have been launched in the APAC countries.
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The key players in the telecom power system market are Delta Electronics (Taiwan), Eaton (Ireland), GE Industrial Solutions (U.S.), Huawei Technologies Co. (China), and Schneider Electric (France).. The leading companies have adopted the organic strategy of new product launches to increase their revenue.
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