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$4.53 Billion Telecom Power System Market 2017
March 28, 2017 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Telecom Power System Market by Grid Type, Component, Power Source and Geography - Global Forecast to 2022" report to their offering.
The telecom power system market is expected to be worth USD 4.53 billion in 2022, growing at a CAGR of 10.26% between 2017 and 2022.
The drivers for this market are increasing awareness to reduce the carbon footprint of telecom industry and aggressive expansion of telecom infrastructure in off-grid areas especially in Asia and Africa to attain universal coverage. The main restraint for this market is environmental concerns pertaining to power supply systems of telecom towers due to high utilization of diesel for powering telecom infrastructure.
The market for off-grid telecom power systems is expected to grow at the highest CAGR during the forecast period. The growth of mobile subscribers is expected to be concentrated in the developing countries of APAC and Africa. This population overwhelmingly inhabits rural areas where access to electricity is patchy and unreliable.
Diesel-battery power source is expected to hold the largest share during the forecast period. In developing countries such as Brazil, Mexico, and India among others the telecom operators find it economically feasible to deploy diesel-battery solutions to power the telecom towers. This power source requires less capital investment and reduces the carbon emission also due to reduction in diesel generator run time.
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