Telecom Power Systems Market Growing at 7.4% CAGR to 2020
Forecast report on Global Telecom Power Systems Market 2016-2020 includes RnRMarketResearch.com. This report covers the present scenario and the growth prospects of the global telecom power systems market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of telecom power system products, and telecom power system software and service functions.
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The analysts forecast global telecom power systems market to grow at a CAGR of 7.4% during the period 2016-2020. Power systems are used in all telecommunication installations for controlling, monitoring, and measuring the flow of power across telecom networks. These systems are made up of a combination of smaller systems such as converters, distributors, controllers, and backup systems that bear different technical specifications. The primary application of telecom power systems is in wireless and fixed-line environments. They are used in several other related applications including network equipment, xDSL terminals, mobile broadband, cellular sites, and transmission applications.
The report, Global Telecom Power Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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In Africa, towers are located in the rural areas that need a sustainable power supply. The power supply has to be cost-effective and reliable to cope up with the economic downturns and the increasing subscriber base. The hybrid power systems can even solve the problem of electricity lags in remote locations, especially with the use of renewable hybrid sources. The adoption of hybrid power systems is one of the trends in the power utility industry as the telecom industry, in particular, is penetrating more into off-grid areas.
According to the report, increased use of ultra-high-capacity optical networks will be a key driver for market growth. The world is now being increasingly virtually interconnected enabling efficient and easy communication that delivers better economic growth. Broadband connectivity across all regions is providing the channel for transfer of communication with higher speeds. Due to IoE, the internet traffic is growing tremendously and has its implications on the telecom broadband infrastructure in fulfilling the capacity requirements. Telecom operators have to invest more in expanding effective and efficient high capacity fiber optic networks that caters to increasing subscriber demand. Fiber to the home (FTTH) requires renewable power systems to deliver bandwidth to every household with broadband connectivity on a continuous basis.
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Further, the report states that one of the major challenges for the market will be high costs associated to manage business operations. Site acquisition cost, high installation cost of green power systems, limited security for remote outdoor power systems are some of the concerns restraining market growth. Drastic reduction in voice revenues is creating a threat to the telecom tower companies to invest more in environmentally friendly systems. Large organizations in the industry are compelled to adhere to stringent regulations laid by government organizations. In most of the remote regions, power systems placed outdoor are lost due to lack of security monitoring. All these result in associated high costs.
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