$4.53 Billion Telecom Power System Market 2017
March 28, 2017 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Telecom Power System Market by Grid Type, Component, Power Source and Geography - Global Forecast to 2022" report to their offering.
The telecom power system market is expected to be worth USD 4.53 billion in 2022, growing at a CAGR of 10.26% between 2017 and 2022.
The drivers for this market are increasing awareness to reduce the carbon footprint of telecom industry and aggressive expansion of telecom infrastructure in off-grid areas especially in Asia and Africa to attain universal coverage. The main restraint for this market is environmental concerns pertaining to power supply systems of telecom towers due to high utilization of diesel for powering telecom infrastructure.
The market for off-grid telecom power systems is expected to grow at the highest CAGR during the forecast period. The growth of mobile subscribers is expected to be concentrated in the developing countries of APAC and Africa. This population overwhelmingly inhabits rural areas where access to electricity is patchy and unreliable.
Diesel-battery power source is expected to hold the largest share during the forecast period. In developing countries such as Brazil, Mexico, and India among others the telecom operators find it economically feasible to deploy diesel-battery solutions to power the telecom towers. This power source requires less capital investment and reduces the carbon emission also due to reduction in diesel generator run time.
Suggested Items
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
Real Time with... IPC APEX EXPO 2024: Pluritec's Expansion and Growth in the North American Market
04/19/2024 | Real Time with...IPC APEX EXPONicola Doria, president of Pluritec, discusses the company's strategic focus on the North American market, their investment in a new sales organization, service expansion, and a new process integration line. The conversation also covers market response and future installations, as well as Pluritec's new partnership with IEC.
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.