Telecom power systems ensure smooth and continuous power supply to telecom towers and sites. These advanced power systems increase energy efficiency, reduce energy costs, and enable incorporation of renewable energy sources to power telecommunication networks. With growing concerns regarding carbon emissions, telecom operators are increasingly adopting green telecom power solutions such as hybrid power systems and off-grid renewable energy systems. Hybrid power systems combine renewable energy sources such as solar and wind with diesel generators or lithium-ion batteries to provide reliable power supply. On the other hand, off-grid renewable energy systems such as solar micro-grids power telecom towers located in remote areas without reliance on diesel.
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:
The growing adoption of renewable energy sources is a key trend in the telecom power systems market. Deployment of renewable energy systems such as solar and wind power provide numerous benefits to telecom operators including reduced energy costs, lower carbon footprint, and minimized dependence on diesel. According to a report by GSMA, renewable energy sources already account for around 30% of power supply to telecom towers globally. Telecom operators are actively undertaking initiatives to increase this share further to 50% by 2025. For example, leading operators such as Verizon, Orange, and Vodafone have set interim renewable energy targets of 50%, 60%, and 100% respectively for their sites by 2030. This increased focus on green energy solutions is expected to significantly drive the demand for hybrid and off-grid renewable power systems in the telecom industry.
Segment Analysis
The global telecom power systems market is segmented into rectifiers, converters, controllers, distribution unit, batteries, and others. The converters segment accounted for the largest market share in 2023, owing to wide applications of converters to store and regulate DC power for telecom infrastructure elements. This segment is expected to remain dominant during the forecast period due to the high demand for converters from 5G deployment and growth of telecom towers.
Key Takeaways
The Global Telecom Power Systems Market Growth is expected to witness high over the coming years. Rising demand for 5G rollout and expansion of telecom towers are the major factors driving the market. 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: APAC region currently dominates the global telecom power systems market and is expected to continue its dominance during the forecast period. This is attributed to ongoing 5G deployment in countries like China and India. Rising subscriber count in emerging economies is also fueling the market growth.
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. DroneShield, DeTect Inc., and Dedrone are leading manufacturers of drone defense systems. DroneShield and Dedrone have a wide geographic presence with strong focus on R&D.
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