Telecom Power Systems MarketSize and Trends

The global telecom power systems market size was valued at USD 3,900.0 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 7.36% from 2023 to 2030. The market is expected to exhibit high growth due to a number of factors such as increasing adoption of telecom services, rising demand for advanced telecom infrastructure, and growing reliance on telecommunication networks in remote areas. The market is also expected to witness a high growth rate in the upcoming years due to the rise in demand for hybrid power system.

Global Telecom Power Systems Market Trends:

Growing penetration of 5G is a major trend in the market

5G is marketed as the fifth generation of radio technology, and is known to be the new wireless broadband technology. The firms are targeting for the bit rate in order to achieve peak data rates of 100 mbps to 20 gbps in the downlink. However, 300 mbps rates are not yet achieved in practical implementations. The use of 5G uses of sub-6 GHz spectrum that ranges from 450 MHz to 6 GHz and mmWAve frequencies that range from 24GHz to 54GHz. The rapid penetration of 5G is driving growth of this this market, as it is likely to drive the use of more cell sites. Thus, trend of growing 5G penetration is likely to continue in the global telecom power systems market during the forecast period.

Growing need for reducing carbon footprint of telecom industry is another trend in the market

The desire among consumers to decrease the carbon footprint of telecom industry, and development of telecom infrastructure to off-grid locations such as Asia and Africa is creating new prospects for the market. To reduce the carbon footprint, adoption of green technology is growing all over the world in the telecom industry.as per the GSMA, the adoption of this technology can save approximately US$ 100-500 million and 40 million tonne of CO2 every year. The need for reducing energy cost of telecom industry continues to grow, the adoption of green telecom power systems is likely to increase in the coming years. This in turn is expected to drive growth of the market in the near future.