The North America telecom power systems market reached a value of US$ 1.33 Billion in 2018. Telecom power systems are utilized in telecommunication services for monitoring and controlling the flow of power. These systems include various smaller units that serve as controllers, converters and distributors. Some of the other components used in telecom power systems include batteries and rectifiers. These systems are cost-effective, power-efficient and provide a durable and reliable service. Owing to these benefits, along with the emergence of 5G network, the market has been witnessing strong growth in North America.
Several factors are currently driving the North America telecom power systems market. Rapid technological advancements, such as the introduction of hybrid power systems, have created a positive impact on the environment as they utilize renewable energy sources, like solar and wind. Some of these advanced telecom power systems include improved flexibility, smart energy control, enhanced monitoring capabilities, high energy efficiency and power density. Moreover, the increasing number of smartphone users have created demand for advanced network services, thereby propelling the growth of telecom power systems market. Looking forward, IMARC Group expects the market to reach a value of US$ 2.25 Billion by 2024, registering a CAGR of 9.3% during 2019-2024.
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