The North America Telecom Power System Market should witness market growth of 8.6% CAGR during the forecast period (2023-2030).
The demand for telecom power systems is rising as more 5G networks are deployed, which requires more effective telecom power systems. Secondly, a growing awareness of the carbon footprint of the telecom industry has led to a transition toward more sustainable power systems. In addition, the need for reliable and efficient power solutions is fueled by the developing telecom infrastructure, the rising need for connectivity, and the rise of remote working. Government initiatives and investments in telecommunications infrastructure also contribute to the expansion of the market. In addition, the proliferation of smart devices, the expansion of cloud computing, and the rising demand for secure telecom networks are all factors propelling the demand for telecom power system. In the upcoming years, the market is anticipated to grow due to these factors.
Individuals are adopting these services across all sectors, like schools, offices, data centers, and healthcare, as they better understand these services. As a result, work is completed more effectively, communication services are improved, and internet services are improved, including file transfers in offices that are completed more quickly. The expansion of telecom infrastructure, particularly installing more towers to serve a greater population, is anticipated to be prompted by the rising adoption of telecommunication services.
The Government of Canada aims to provide all Canadians with access to quick, dependable, and reasonably priced mobile and Internet services. In order to encourage better connection and access to the newest wireless technologies, the Canadian government continues to make additional spectrum available. For example, the development of a 5G center of excellence in Montréal will cost $77 million, according to the Ministry of Innovation, Science and Industry. As 5G networks mature, network providers search for ways to automate their business processes, increasing the demand for telecom power systems.
The Internet of Things has grown due to the quick digitalization of all major economic sectors, rising smart device use, and technological advancements. Because of this, IoT capabilities are assisting regional businesses in streamlining and enhancing their operational procedures. As a result of the rising internet use and demand and telecom service providers across the regional nations, the market is anticipated to grow rapidly in the coming years.
The US market dominated the North America Telecom Power System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,491.6 million by 2030. The Canada market is experiencing a CAGR of 11.1% during (2023-2030). Additionally, The Mexico market would exhibit a CAGR of 10.1% 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 U.S., Mexico, Canada, and Rest of North America.
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.
The demand for telecom power systems is rising as more 5G networks are deployed, which requires more effective telecom power systems. Secondly, a growing awareness of the carbon footprint of the telecom industry has led to a transition toward more sustainable power systems. In addition, the need for reliable and efficient power solutions is fueled by the developing telecom infrastructure, the rising need for connectivity, and the rise of remote working. Government initiatives and investments in telecommunications infrastructure also contribute to the expansion of the market. In addition, the proliferation of smart devices, the expansion of cloud computing, and the rising demand for secure telecom networks are all factors propelling the demand for telecom power system. In the upcoming years, the market is anticipated to grow due to these factors.
Individuals are adopting these services across all sectors, like schools, offices, data centers, and healthcare, as they better understand these services. As a result, work is completed more effectively, communication services are improved, and internet services are improved, including file transfers in offices that are completed more quickly. The expansion of telecom infrastructure, particularly installing more towers to serve a greater population, is anticipated to be prompted by the rising adoption of telecommunication services.
The Government of Canada aims to provide all Canadians with access to quick, dependable, and reasonably priced mobile and Internet services. In order to encourage better connection and access to the newest wireless technologies, the Canadian government continues to make additional spectrum available. For example, the development of a 5G center of excellence in Montréal will cost $77 million, according to the Ministry of Innovation, Science and Industry. As 5G networks mature, network providers search for ways to automate their business processes, increasing the demand for telecom power systems.
The Internet of Things has grown due to the quick digitalization of all major economic sectors, rising smart device use, and technological advancements. Because of this, IoT capabilities are assisting regional businesses in streamlining and enhancing their operational procedures. As a result of the rising internet use and demand and telecom service providers across the regional nations, the market is anticipated to grow rapidly in the coming years.
The US market dominated the North America Telecom Power System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,491.6 million by 2030. The Canada market is experiencing a CAGR of 11.1% during (2023-2030). Additionally, The Mexico market would exhibit a CAGR of 10.1% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
By Component
- Generators
- Controllers
- Rectifiers
- Converters
- Inverters
- Heat Management System
- Others
By Grid Type
- Bad Grid
- On Grid
- Off Grid
By Power Rating
- Below 10 KW
- 10 - 20 KW
- Above 20 KW
By Power Source
- Diesel-Battery
- Diesel-Wind
- Diesel-Solar
- Multiple Power Sources
By Technology
- DC Systems
- AC Systems
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- Schneider Electric SE
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Telecom Power System Market by Component
Chapter 6. North America Telecom Power System Market by Grid Type
Chapter 7. North America Telecom Power System Market by Power Rating
Chapter 8. North America Telecom Power System Market by Power Source
Chapter 9. North America Telecom Power System Market by Technology
Chapter 10. North America Telecom Power System Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- 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
- Schneider Electric SE
Methodology
LOADING...
