Kenneth Research, in its repository of market research reports, has recently added a report on Telecom Power System Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Telecom Power System Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Telecom Power System Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.
Global Telecom Power System market was valued at USD 2.79 billion in 2017 and is projected to reach USD 6.02 billion by 2025, growing at a CAGR of 10.1% from 2018 to 2025
What is Telecom Power System?
Telecom power systems are the power system used in order to secure telecommunication services if there is any grid power fluctuations and interruptions. These power system are configured to supply power to telecom towers 24/7. For proper functioning of the telecom towers, uninterrupted power supply is very essential. The key components of a telecom power system includes rectifiers, converters, controllers, generators and many others. It allows the telecom service provider to offer seamless data transfer services and communication to their consumers. The growing penetration of telecom towers in rural and off-grid areas has fueled the growth of telecom power system market.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Global Telecom Power System Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Growing adoption of hybrid power systems, initiatives taken by the government to reduce their carbon footprint and rise in power outage sin developing countries have been driving the global telecom power system market. On the other hand, factors such as high cost of operations and stringent carbon emission regulations might hamper the overall growth at a global level.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Telecom Power System Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Telecom Power System Market Competitive Landscape
The “Global Telecom Power System Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as American Tower Corporation, Bharti Infratel Ltd., GTL Infrastructure Ltd., Indus Towers Ltd., Eaton Towers Limited, Reliance Infratel Limited, Emerson Network Power, Inc., SBA, Viom Networks Limited, Crown Castle International Corporation and GE Energy Infrastructure. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Telecom Power System Market Segmentation, by Component
* Heat Management Systems
Global Telecom Power System Market Segmentation, by Grid Type
* On Grid
* Off Grid
* Bad Grid
Global Telecom Power System Market Segmentation, by Power source
* Multiple Source
Global Telecom Power System Market Geographic Scope
* North America
o Rest of Europe
* Asia Pacific
o Rest of Asia Pacific
* Latin America
* Rest of the World
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