Telecom Power System Market Opportunities To Reach $4.53 Billion By 2022

The global Telecom Power System Market size is expected to be valued at USD 4.53 Billion by 2022, growing at a CAGR of 10.26% between 2017 and 2022. The drivers for this market are the expansion of telecom infrastructure in rural areas, especially in APAC and Africa and the increasing awareness to reduce the carbon footprint of the telecom industry.

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Among all the grid types of telecom power systems, the market for off-grid power systems is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the expansion of networks into remote locations by mobile network operators and tower companies to achieve universal coverage. Of all the power sources used in the telecom power system, the market for diesel-solar systems is expected to grow at the highest CAGR between 2017 and 2022. 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.

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The market for other components was expected to grow at the highest CAGR during the forecast period. Some of these components and subsystems such as solar cells or PV cells and wind turbines would be increasingly used for green telecom power solutions. Governments worldwide are pitching for reducing carbon footprint in the telecom sector. The use of green telecom power solutions is leading to reduced operational expenses for telecom power system providers in this market.

In terms of the different geographic regions, APAC is expected to hold the largest market share in 2017. 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. The region presents a huge opportunity for mobile network operators (MNO)/tower companies and energy service companies (ESCOs) to work toward deploying green power alternatives for powering telecom sites, reduce operational expenditure, address the infrastructural challenges, and achieve the rollout targets and growth.

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.

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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