According to the latest report by IMARC Group, titled “North America Telecom Power Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”,the North America telecom power systems market size reached US$ 1.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2027, exhibiting a growth rate (CAGR) of 9.37% during 2022-2027.
Market Outlook:
Telecom power systems are utilized to assist in telecommunication services by monitoring and controlling the flow of power. They consist of various smaller units that bear technical requirements, such as rectifiers, converters, controllers, generators, distributors, heat management systems, etc. Telecom power systems are being installed mainly in rural and remote areas. They represent a cost-effective solution for maintaining and controlling services in such areas, as grid electricity represents a significant challenge and often faces power shortages.
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North America Telecom Power Systems Market Demand:
The escalating number of infrastructural activities in rural areas, particularly across developing countries, is among the primary factors driving the North America telecom power systems market. Besides this, the elevating demand for hybrid energy techniques, which utilize renewable energy sources, including wind and solar, to reduce the emission of greenhouse gases, on account of the rising environmental concerns, is further augmenting the market growth.
Apart from this, the growing popularity of telecom power systems in schools, data centers, offices, healthcare institutes, etc., owing to the improvement in internet coverage and services, is also catalyzing the regional market. Moreover, the increasing need for wireless devices that access mobile networks, which lead to more data traffic and advanced computing capabilities, is acting as another significant growth-inducing factor. Furthermore, the introduction of higher-generation technologies by the leading players, such as the integration of 4G and 5G connectivity, which provides more bandwidth to the consumers, is anticipated to propel the North America telecom power systems market over the forecasted period.
Key Market Segmentation:
The report has segmented the North America telecom power systems market on the basis of product type, component, power source, grid type and country.
Breakup by Product Type:
- DC
- AC
Breakup by Component:
- Rectifiers
- Converters
- Controllers
- Heat Management Systems
- Generators
- Others
Breakup by Power Source:
- Diesel-Battery
- Diesel-Solar
- Diesel-Wind
- Multiple Sources
Breakup by Grid Type:
- On Grid
- Off Grid
- Bad Grid
Breakup by Country:
- United States
- Canada
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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