The telecom power system market is projected to grow from USD 3.9 billion in 2022 to USD 5.4 billion by 2027. It is expected to grow at a CAGR of 7.1% from 2022 to 2027.
The key factors fueling the growth of this market include: increasing number of telecom infrastructure in remote areas, growing adoption of telecom services and high data traffic, rising awareness about reducing carbon footprint from telecom power systems, growing adoption of hybrid power systems, increasing technological advancements in cellular networks, rising use of GaN-based power devices with evolution of 5G technology, surging requirements for advance telecom infrastructure and M2M connections.
