The Europe Telecom Power System Market would witness market growth of 8.9% CAGR during the forecast period (2023-2030).
Due to the adoption of cutting-edge technologies like 4G and 5G, there is an increasing demand for tower installations, driving the market's expansion. Despite the pervasive adoption of these technologies, coverage for 4G and 5G remains limited in several areas, requiring additional towers to accommodate the ever-growing voice and data traffic. The need for high-speed data services has increased due to the constant improvement of technology and the corresponding increase in the demand for speed. Rectifiers, batteries, and a power system controller are components of telecom power systems that protect telecommunication services from disruptions and variations in grid power.
In the event of power disruptions and fluctuations on the grid, telecom power systems offer reliable telecommunication services. These systems are for data centers, fixed-line applications, the Internet backbone, and wireless broadband connectivity. Renewable energy sources can be used to expand the power system, resulting in significant energy and operating cost reductions that could further spur market expansion. Solar energy is a reliable method for providing electrical power to telecommunication systems in remote places beyond the main electricity grid, such as on mountaintops and in vast swamps where power is unavailable or impractical to install new power lines. This deployment may develop into a future market trend.
According to the State of Digital Communications 2023 report by European Telecommunications Network Operators' Association (ETNO), since 2021, FTTH (fiber-to-the-home) network coverage has expanded, reaching 55.6% of the European population. In addition, there has been an increase in non-FTTH next-generation access (NGA) networks. On average, 88.5% of Europeans can use NGA connectivity, which illustrates how widely it is available throughout most of the continent. As a result of all these developments as well as future expansion plans of the regional government, the requirement for stable telecom power systems is increasing significantly, presenting numerous growth opportunities for the market.
The Germany market dominated the Europe Telecom Power System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $459.2 million by 2030. The UK market is exhibiting a CAGR of 8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 9.7% during (2023 - 2030).
Based on Component, the market is segmented into Generators, Controllers, Rectifiers, Converters, Inverters, Heat Management System and Others. Based on Grid Type, the market is segmented into Bad Grid, On Grid and Off Grid. Based on Power Rating, the market is segmented into Below 10 KW, 10 - 20 KW and Above 20 KW. Based on Power Source, the market is segmented into Diesel-Battery, Diesel-Wind, Diesel-Solar, and Multiple Power Sources. Based on Technology, the market is segmented into DC Systems and AC Systems. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Telecom Power System Market is Projected to reach USD 8.1 Billion by 2030, at a CAGR of 9.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation Plc, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Cummins, Inc., ZTE Corporation, General Electric Company, Delta Electronics, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., ABB Group, Corning Incorporated, and Schneider Electric SE.
By Component
By Grid Type
By Power Rating
By Power Source
By Technology
By Country
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