Telecom Power System Market to Witness Steady Increase by 2024
Zion Market Research, the market research group announced the analysis report titled "Telecom Power System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWire) -- 09/05/2017 --The telecom power systems can be defined as power systems that are utilized in the telecommunications industry in the installations to monitor, control, and measure the flow of power across the networks. These systems consist of the combination of smaller systems such as distributors, controllers, converters, and backup systems. The growing penetration of telecom towers in the metropolitan areas and other areas such as rural and off-grid areas increase its demand.
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Global Telecom Power System Market: Segmentation
The global telecom power system market is segmented into its grid type, component, and power source. On the basis of grid type, the market is segregated into a bad grid, on a grid, and off grid. Based on the component, the market is categorized into inverters, converters, generators, batteries, circuit breakers, solar cells or PV, rectifiers, controllers, heat management systems, and others. Depending on the power source, the market is divided into diesel-solar, multiple sources, diesel-battery, and diesel-wind.
Global Telecom Power System Market: Growth Factors
The key factor that attributes to the telecom power systems market growth is the constant deployment of the small cell power systems for long-term evolution (LTE) networks. Due to the elevating rise in the mobile data traffic, the telecom operators are enforced to enlarge their coverage area with the help of wireless networks in rural and urban areas. Another factor that is driving the demand for the telecom power systems is the growing adoption of the hybrid systems. This is owing to the benefits of energy efficiency and cost-effectiveness presented by the hybrid power systems. The rising shift towards the renewable energy sources is the latest development that is ensured to have a big impact on the telecom power systems market. The environmental concerns that arise owing to the high usage of diesel for powering the telecom infrastructure will present a major challenge to the market growth.
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Global Telecom Power System Market: Regional Analysis
Region-wise, the global telecom power system is diversified into Asia-Pacific, Europe, North America, and Rest of the World. Asia Pacific accounts for a significant share of the global telecom power systems market. The factors that attribute to this growth are the growing penetration of the global telecom companies in a number of emerging nations in the region. The escalating mobile networks, especially LTE networks and 3G networks, have contributed towards the growth of the telecom power systems market in the Asia Pacific region. North America is also a chief region in the telecom power systems market. The telecommunication sector requires reliable and cost-effective power supply. The vendor landscape is quite fragmented in the region but still, the competition in this market is high.
Global Telecom Power System Market: Competitive Players
Some of the key market players that are involved in the telecom power system market include Ascot Industrial S.R.L., Myers Power Products, Inc., Cummins Power, Vertiv Co., Unipower, Schneider Electric, Huawei Technologies Co., Eaton, GE Industrial Solutions, and Delta Electronics.
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