Telecom Tower Power Systems Market Insight
Market Research Future offers a six year forecast
for the global Telecom Tower Power Systems Market between 2017 and 2023. By
value, the global telecom tower power system market is expected to register a
double-digit CAGR with 13.06% during the forecast period. As the economy has
started to mend after long terms impact of COVID-19, the market will be
attaining a valuation of over USD 4.5 billion by the year 2023 up from USD 2.21
billion in 2017.
Notable Developments
In this year and beyond, the factors that drive
global telecom tower power systems market often begin with a few strong
focuses. Rapid growth in the demand for green telecom towers has been a
significant factor for the market’s evolution. Globally, green power systems
are anticipated to replace traditional diesel generators and diesel generator
plus battery power supply steadily in the telecom tower power system market.
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Governments across the globe are taking up green
initiatives intending to lower their carbon footprint. Mainly in the Asia
Pacific, telecom tower companies are replacing diesel generators with hybrid
energy result. Solar photovoltaic systems, biomass and wind turbines are liable
to replace the present diesel generators and battery power sources in the
telecom tower power system market. Telecom operators are playing a noteworthy
part in the telecom tower power system market. Telecom operators are creating
partnerships with semiconductor chip manufacturers in the global telecom tower
power system market to boost the energy efficiency of radio frequency (RF)
devices.
Furthermore, high operating cost and stringent
carbon emission regulations are other important factors inhibiting the growth
of the global telecom tower power system market. Telecom tower operators use
diesel generators as a power source have to deserve high operating costs since
diesel prices boost annually by 1–2%. The higher operating costs result in
lower profit margins for telecom tower companies and telecom service provider
companies, which inhibit the telecom tower power system market growth on a
global scale.
Leading Segments
In this report, MRFR has segmented the global
telecom tower power system market based on type, power source and component.
In terms of type, the market includes on-grid and
off-grid.
In terms of power source, the market includes
diesel-battery, diesel diesel-solar, diesel-wind and others.
In terms of component segment, the market includes
batteries, rectifiers, inverters, controllers, generator, power distribution
unit, and others.
Leading Regions
MRFR covers the telecom tower power system market
performance in terms of revenue split in the Asia Pacific, Middle East &
Africa (MEA), Latin America, North America, and Europe.
Encouraging monetary conditions, improvement in
consumer confidence and robust labour market conditions in APAC and Latin
America have strengthened the household demand, resulting in the expansion of
the telecom tower power system markets. Also, countries in the Asia Pacific,
such as India and China, are observing towering growth in mobile subscribers
and advanced wireless communication technologies such as 4G and advanced LTE.
Such factors are probable to contribute immensely to the growth of the telecom
tower power system market. In fact, in the Asia Pacific, telecom tower
companies are replacing diesel generators with hybrid energy solution. Solar
photovoltaic systems, wind turbines and biomass are credible to replace the
existing diesel generators and battery power sources in the global telecom
tower power system market.
In Europe, it is projected to maintain its
leadership in terms of total revenue generation in the telecom tower power
system market.
In North America, the U.S. might also lead the
market during the assessment period. The demand for vigorous connectivity and
continuous network innovation are also essential factors motivating the North
America telecom tower power system market.
Top Market Players
Top market participants covered in the global
telecom tower power system report include Schneider Electric, ABB ltd., Vertiv,
STMicroelectronics NV, Delta Electronics Inc., Texas, Bharti Infratel Ltd.,
Indus Towers Ltd., Eaton Corporation PLC., Huawei Technologies Co., Ltd., and
Instruments Inc.
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