LONDON--(BUSINESS WIRE)--The global telecom power solutions market is expected to post a CAGR of close to 9% during the period 2019-2023, according to the latest market research report by Technavio.
A key factor driving the growth of the global telecom power solutions market is the growing investment in the telecommunication network. The rising penetration of loT devices, reducing ASPs of smart devices, the proliferation of cloud-based loT devices, and loT implementations in the automotive, industrial, and healthcare are some of the key factors driving investments in telecom network infrastructure. Moreover, the increased penetration of smartphones in rural areas has also compelled telecom network service providers to expand their network coverage to enable last-mile accessibility to carrier and mobile data. Telecom power systems are used in a telecommunication network as a power supply unit in the case of grid power interruptions and fluctuations. Thus, the rising investments in telecommunication network will boost the demand for telecom power solutions during the forecast period.
As per Technavio, the technological advancements in telecom power solutions systems will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global telecom power solutions market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global telecom power solutions market: Technological advancements in telecom power solutions systems
The telecom power solutions market has been witnessing significant technological advancements over the past few years. Some of the technological advancements include the introduction of advanced power system controllers and standalone rectifiers, which are propelling the adoption of the telecom power system by service providers. The advances are aimed at increasing the power efficiency of base stations and small cells in telecom network infrastructure. The integration of these technology components into base stations and small cells are allowing service providers to reduce power consumption in the networks, along with helping them comply with the intensifying environmental regulations.
“The deployment of small cells is in LTE/LTE-A networks is increasing at a significant rate. Smalls cells are also being deployed in the emerging 5G networks, as they increase macrocells’ edge data capacity, speed, and network efficiency. These cells require a consistent power supply to provide reliable network services to meet customer expectations. The growing requirement of consistent power supply will result in an increase in the adoption of power systems, which will fuel the growth of the telecom power solutions market during the forecast period,” says a senior research analyst at Technavio.
Global telecom power solutions market: Segmentation analysis
This market research report segments the global telecom power solutions market by product (direct current (DC) and alternating current (AC), type (products and software & services), deployment (access network and core network) and geographic regions (APAC, Europe, North America, MEA, and South America).
The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. The market growth in APAC can be attributed to the increasing penetration of mobile subscription because of the consistently declining ASP of smartphones and reducing data tariffs. This region will remain the largest contributor in the market owing to the advent of 4G and 5G technologies and the launch of such as voice over LTE (VoLTE).
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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