The Latin America, Middle East and Africa Telecom Power System Market would witness market growth of 12.2% CAGR during the forecast period (2023-2030).
Future growth opportunities for telecom power systems fueled by renewable energy may result from businesses' increased attention to minimizing their operations' negative environmental effects and carbon footprints. Renewable energy can benefit the telecom power system market by allowing businesses to reduce operational costs while meeting carbon emission targets substantially. Several regulatory bodies globally support the construction of hybrid power plants to guarantee the profitability of power systems in areas with higher consumption requirements.
Increasing use of cutting-edge technologies like the Internet of Things (IoT), cloud computing, and (AI), among others, is anticipated to foster favorable conditions for expansion in the market in the coming years. This technology will allow objects to interact with each other. This indicates that the telecom industry will play a significant role in the growth of future sectors. This will likely lead to several opportunities in the market throughout the projection period.
As per International Trade Administration (ITA), according to Saudi Arabia's Communications and Information Technology Commission (CITC), 60 out of 118 governorates were fully 5G-enabled at the end of the second quarter, an increase of seven over the first quarter of 2021. The popularity of social media, video downloads, online education, and a pandemic-driven rise in online streaming and gaming have all contributed to the fixed-line internet’s steady expansion in recent years. By implementing 5G networks, Latin American enterprises can significantly increase their productivity, increase agricultural output, and enhance the supply of services like health care, education, and other necessities in remote areas. All of these factors are leading to an expansion of the regional market.
The Brazil market dominated the LAMEA Telecom Power System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $160.9 million by 2030. The Argentina market is anticipated to grow at a CAGR of 12.8% during (2023 - 2030). Additionally, The UAE market would display a CAGR of 11.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Telecom Power System Market is Projected to reach USD 8.1 Billion by 2030, at a CAGR of 9.4%
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.
By Component
By Grid Type
By Power Rating
By Power Source
By Technology
By Country
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