Market Challenges And Opportunities

Global Telecom Power Systems Market Drivers:

Increasing expansion of telecom infrastructure to fuel the market growth

Due to the epidemic of COVID-19, large part of the population had to stay indoors, which further increased demand for remote work. Due to increasing number of remote workers, the strain on communication infrastructure began to grow. Thus, providers of telecom services started to build enhanced telecom power systems in several regions. Thus, expansion of industry demand for advanced communication infrastructure led to increase in telecom power market expansion. Moreover, investments in telecom sector are increasing in various regions with increasing user base. For instance, as per the Department for Promotion of Industry and Internal Trade, during April 2000 to March 2021, the FDI inflow into the telecom sector was total US$ 37.66 billion. Thus, growing expansion of telecom infrastructure is expected to drive growth of the global telecom power systems market over the forecast period.

Growing deployment of hybrid power systems in telecom sector to augment the market pace

The telecom industry is increasingly witnessing adoption of hybrid power for reducing cost of power system life-cycle and carbon emissions. The components of power conversion consist highest efficiency and are capable of gathering the most energy from renewable sources. For instance, in August 2021, Stealth Power, partnered with Tower Solutions, a leading provider of mobile tower for expanding future work and collaboration. The mobile power solutions of Stealth Power will power the mobile towers of Tower Solutions. Such deployment of hybrid power systems in telecom sector is expected to fuel growth of the global telecom power systems market during the forecast period.

Global Telecom Power Systems Market Opportunities:

Growing awareness regarding carbon footprint of telecom industry, and growing expansion of telecom infrastructure in rural areas is expected to create multiple opportunities in the global telecom power systems market during the forecast period. Telecom sector involves businesses that increase feasibility of information transfer all over the world, through phone, internet, airways, cables, or wirelessly. The infrastructure of these companies allows to send the data anywhere across the globe through words, speech, video, or audio. The expansion of these companies is increasing all over the world, which in turn is expanding the telecom industry. This in turn is expected to drive the adoption of telecom power systems creating ample opportunities in the market.

Growing adoption of advanced technology such as Internet of Things (IoT), cloud computing, and AI among others is expected to create lucrative environment for growth opportunities in the global telecom power systems market during the forecast period. These technology will enable objects to connect with one another. The presence of Big Data and analytics are creating need for establishing proper rules for addressing privacy and security concerns. IoT and other technologies are likely to intensify these issues. This can be concluded as, the telecom sector playing major role in development of future industries which backup support. This in turns is likely to bring multiple opportunities in the market during the forecast period.

Global Telecom Power Systems Market Restraints:

High cost of deployment and operation to impede market growth

The quality and range of services that are provided by telecom companies and internet service providers are increasing, due to which the profit margins are decreasing. Furthermore, due to this, the distinction between technology suppliers and telecom businesses is becoming blur along with increasing availability of novel technologies. The telecom power systems are deployed to dodge the operational time and for maintaining the high level quality of power. The telecom power system equipment come with various features, due to which their cost increases. The high-end power quality equipment come with different features, like detection of disturbance, flicker detection, and high-power efficiency. Thus, cost of these equipment and their installation is high, which is a major facto expected to hinder growth of the global telecom power systems market over the forecast period.

Environmental issues of telecom power supply systems to hamper the market pace

Due to the dependability and sturdiness of diesel generators, they are favored electric energy suppliers for backup power and off-grid applications such as cellular base stations. However, these generators emit harmful environmental gases such as nitrogen oxide, carbon dioxide, and hydrocarbons, which are known to be ozone-depleting gases. Thus, the environmental issues regarding telecom power supply system’s resulting from heavy use of diesel for operating telecom infrastructure acts as a major restraining factor for the global telecom power systems market.