Stratistics MRC’s Global Telecom Power System Market value is expected to reach $9.14 billion growing at a CAGR of 10.8% during 2023-2030.
Telecom power systems are used to support telecommunication services by regulating and monitoring the power flow over telecom networks. Additionally, network coverage in both urban and rural areas has increased as a result of the exponential growth of mobile data traffic and telecom operators. Incorporating femtocells and picocells, which require DC power systems, has been made easier thanks to the widespread use of mobile devices in cities.
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The telecom power system market has experienced the highest CAGR in the Latin American region over the forecast period. Strong power solutions are now more necessary than ever thanks to accelerating urbanization, rising mobile penetration, and rising connectivity demand. Moreover, given the varied topography of the area, telecom operators are looking into hybrid solutions that incorporate renewable energy sources like solar and wind to ensure sustainable and resilient network operations while navigating local regulatory environments to meet energy efficiency and environmental goals.
Some of the key players in Telecom Power System market include General Electric Company, UniPower, LLC, Cummins, Inc., Japan Display Inc., Samsung, VoltServer Inc., ABB Ltd. , Vertiv Group Corp., Eaton Corporation plc, Ascot Industrial S.r.l , ZTE Corporation, Dynamic Power Group, Hangzhou ZhongHeng Power Energy Co. Ltd., LG Display Co., Ltd, Alpha Technologies, Corning Incorporated , Delta Electronics, Inc., Huawei Technologies Co., Ltd., Myers Power Products and Schneider Electric SE.
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Key Developments:
In June 2023, ZTE Corporation has signed a Memorandum of Understanding (MOU) with TM, Malaysia’s prominent converged telecom and technology company.
In April 2023, ABB is driving forward its expansion strategy in the US through an investment of around USD 170 million, aimed at establishing advanced manufacturing, innovation, and distribution facilities.
In March 2023, General Electric revealed its intention to allocate over USD 450 million towards enhancing its current manufacturing facilities in the United States this year.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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