The total size of the telecom power system market was above $3,974 million in the year 2021, and it will reach a value of above $7,360 million in 2030, advancing at a CAGR of over 7% by the end of this decade. The growth is helped by the increasing penetration of telecom towers in diverse regions, like APAC and Africa, and the booming acceptance of telecom services.
The largest share in the telecom power system market, of about 30%, was with generators, as they are considerably utilized as a standby source of power to offer safe operations against power cuts and insufficient power supply. Furthermore, diesel is less inflammable as compared to natural gas, thus it is a safer fuel for generators for backups of telecom towers. Further, diesel generators last longer than others, since they operate at lower temperatures.
North America will be the fastest-growing market in the near future, because of the solid network connectivity, 4G-LTE networks, and mobile usage. The growing ICT industry, comprising telecommunications along with high-tech sectors, is probably at the center of the market growth of the region. Additionally, the U.S. will register a more distinct 5G cycle with peak smartphone growth in the future, which will further tempt service providers to create better telecom infra.
DC power systems had over 60% demand in 2021 and will lead the telecom power system market in the years to come too, because of the wide uses of DC power systems in the telecom industry. This power is not restricted to frequency disparity or leading power factor. Moreover, it can be stowed, and hence, backup for telecom buses can be provided by batteries without a power conversion loss.
With the increasing use of smartphones and a developing telecom infra, there is a surge in the demand for telecom power systems around the globe.
