The Latin America, Middle East and Africa Telecom Power System Market should 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.
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.
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.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. LAMEA Telecom Power System Market by Component
Chapter 6. LAMEA Telecom Power System Market by Grid Type
Chapter 7. LAMEA Telecom Power System Market by Power Rating
Chapter 8. LAMEA Telecom Power System Market by Power Source
Chapter 9. LAMEA Telecom Power System Market by Technology
Chapter 10. LAMEA 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
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