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Power Quality Equipment Market Segmented By Harmonic Filters, Uninterruptible Power Supply, Surge Protection Device, DC Power Supply, Motor-Generator Set as Power Conditioning Equipment and Power Quality Testing and Measuring Equipment
The telecommunications industry is witnessing rapid deployment of new and advanced technologies. The need for efficient, high-capacity electricity supply systems to power data centers, servers, and other internet related infrastructure in the telecommunications industry is boosting the demand for power supply systems as well as Network monitoring and control equipment.
By end use industry, the telecommunications segment is expected to witness maximum growth in the global power quality equipment market over the forecast period, registering a CAGR of 4.8% between 2016 and 2026 to reach a market valuation in excess of US$ 20 Bn by the end of 2026. Recording an incremental opportunity of US$ 10 Bn during the forecast period, the telecommunications segment is inclined towards high value-high growth in the global power quality equipment market, with a revenue share of more than 35% by the end of 2026.
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Telecommunications companies are taking advantage of the sectorial boom and are reimagining their core business systems to provide innovative offers to customers. Mass digitization in the telecommunications industry is emerging as a top success imperative and telecom operators are leveraging the new technological advancements to come up with value added offers in a bid to expand their customer base and augment their market share.
Digitization of the telecommunications industry is a major growth driver for the global power quality equipment market, which is headed towards continuous growth over the forecast period, registering a CAGR of 4.5% in terms of value and 4.1% in terms of volume.
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The convergence of multiple data formats, information technology equipment, and a massive data explosion owing to the internet has mandated companies to provide power quality equipment that can overcome power grid, frequency variations, and switching transients issues and also offer enhanced service quality levels at all times.
For instance, while traditional telecommunications equipment typically requires 48V DC power systems with adequate critical support equipment such as lighting and conditioning; a continuous expansion in telecom services along with rising power consumption calls for an increase in the demand for power quality equipment such as engine generators and power conversion equipment owing to high reliability, higher load power density, and codependency of AC and DC power load equipment.
New and emerging technological trends in telecommunications are likely to have a huge impact on the global power quality equipment market growth, both in terms of market value and volume share.
Global data centers are witnessing massive changes. Expanding data centers are the key driving force powering the global power quality equipment market in terms of meeting the demand for electricity in situations of emergency with high levels of efficiency and reliability.
Power quality and efficiency within a data center can suffer from the issue of harmonic currents, thereby adversely affecting the productivity of the data center. To tackle the challenge of harmonic currents in data centers, companies are developing physical data center infrastructure supported by different types of devices that generate harmonics. This presents a major business opportunity for key telecom providers operating in the global power quality equipment market.
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The telecommunications segment is expected to be the prominent end user segment in the North America power quality equipment market during the forecast period, registering a CAGR of 4.5% in terms of value between 2016 and 2026. The telecommunications segment is projected to be the leading segment in the APEJ power quality equipment market, recording an impressive CAGR of 6.5% in terms of revenue during the forecast period.
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