The revenue of the telecom power system market was USD 3,974.1 million in 2021, and it will touch USD 7,360.2 million in 2030, driving at a growth rate of 7.1% in the years to come, according to a research report by P&S Intelligence.
Bad-grid dominated the industry with over 40% share. This has a lot to do with its wide usage in rural areas in mostly developing nations, including India, Brazil, Pakistan and African economies.
Moreover, the increasing development of telecom infra because of the increased investments by tower companies boosts the usage of the bad-grid category.
The diesel-solar category will grow the fastest in the years to come, advancing at a rate of more than 8%. This is because of the growing use of hybrid energy sources in telecom towers and they decrease the operational and maintenance costs by curtailing the consumption of fuel and diesel runtime.
Companies are concentrating on accepting new technologies, for example IoT, AI, and ML, for the enhancement of their businesses, resulted in the expansion of cloud transformation telecom consulting. In 2020, telecom companies adopted the new-gen techs to quicken up network expansion and decrease cost of operations.
Additionally, the open radio access network lets network operators to position 4G and 5G networks by putting forth the combination of vendor-neutral software and hardware.
It is because of the increasing acceptance of telecom services, the requirement for telecom power systems will be on the rise in the years to come.
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