by Telecom power systems consist of various power equipment such as converters, inverters, voltage regulators and enclosures used to transmit and convert power in telecommunication towers and data centres. Telecom power equipment provides uninterrupted power backup to ensure continuous operation of telecommunication networks. Telecom operators deploy telecom power systems at base transceiver stations (BTS) to support 2G, 3G and 4G network connectivity. The global telecom industry has witnessed a surge in the number of mobile subscribers, driving the need for establishing new telecom towers and upgrading the existing infrastructure for seamless connectivity. As of 2023, there are over 5 billion mobile subscribers globally who need seamless data and voice services. With ongoing investment in 5G networks worldwide, reliable power supply becomes even more crucial.
The global Telecom Power Systems Market is estimated to be valued at US$ 4187.04 Mn in 2023 and is expected to exhibit a CAGR of 27% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Key Trends:
One of the key trends in the telecom power systems market has been the rising deployment of lithium-ion batteries. Lithium-ion batteries provide higher storage capacity compared to conventional lead-acid batteries used in telecom towers earlier. The use of lithium-ion batteries in telecom towers ensures more back up time during grid failures. Major telecom operators are replacing aging lead-acid batteries with lithium-ion solutions in existing telecom towers to reduce operating costs. Lithium-ion batteries also have a longer lifecycle of up to 8 years compared to 2-3 years for lead-acid batteries, lowering maintenance and replacement costs. With innovations to enhance storage capacity and lifecycle further, lithium-ion batteries usage is expected to grow substantially in the telecom power systems market over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is low as the telecom power systems market requires large investment and established distribution network.
Bargaining power of buyers: The bargaining power of buyers is moderate as buyers have multiple options available from different vendors.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw materials are easily available from multiple suppliers.
Threat of new substitutes: The threat of new substitutes is low as telecom power systems have limited substitutes.
Competitive rivalry: The competitive rivalry is high due to presence of many global and regional players.
Key Takeaways
The Global Telecom Power Systems Market Size is expected to witness high growth. The global Telecom Power Systems Market is estimated to be valued at US$ 4187.04 Mn in 2023 and is expected to exhibit a CAGR of 27% over the forecast period 2023 to 2030.
Regional analysis
Asia Pacific region is expected to dominate the market during the forecast period. Countries like China, India have witnessed increased investments in network infrastructure development which is fueling the demand for telecom power systems in the region.
Key players
Key players operating in the Telecom Power Systems Market are Drone Defence, DeTect Inc., Zen Technologies Limited, DroneShield Ltd, METIS Aerospace Ltd, QinetiQ Group PLC, Thales Group, Lockheed Martin Corporation SRC Inc., Dedrone, SAAB AB, Raytheon Technologies Corporation, IAI Group, Citadel Defense, and Robin Radar Systems.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
