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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