Global Telecom Tower Power System Market Overview
Market Research Future (MRFR) is of the view that the global telecom tower power system market can touch a valuation of more than USD 4.5 billion by 2023, crossing the valuation of USD 2.21 billion it achieved in 2017. The market growth is expected to be at the rate of 13.06% during the forecast period (2017-2023).
Market Boosters and Top Barriers
The market’s rapid expansion in recent years has been the result of fast-paced penetration of internet as well as the growth of the telecom sector in countries like India and China. A considerable upsurge in the number of internet users has also benefited the market to a great extent. It was reported that in 2018, more than 4 billion people all over the world were connected to the Internet, where at least 90% of them were mobile phone users. Digitalization coupled with improving economic conditions across the globe is stimulating growth of the telecom tower power system market.
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Soaring demand for green telecom tower power systems is believed to be adding to the growth of the telecom tower power system market. In almost every region across the globe, green power systems are gradually replacing traditional diesel generators in the telecom tower power system market. Government bodies everywhere are implementing green initiatives to spread awareness regarding the toxic effects of carbon footprint.
Telecom operators are giving considerable efforts to gain an edge over their rivals in the telecom tower power system market. For this, these companies are entering partnerships with semiconductor chip manufacturers with the aim of increasing energy efficiency of radio frequency (RF) devices. These intense efforts on their part are deemed to fare well with the market growth in the coming years.
Market Segmentation
MRFR has conducted an extensive analysis of the Telecom Tower Power System Market, based on segments like type, power source, and component.
With respect to the type, the market is considered for on-grid and off-grid. The on-grid segment, in 2017, held the largest share at the value of over USD 1,200 Million. The segment is projected to register a CAGR of 11.88% from 2017 to 2023.
Depending on the power source, the market includes diesel-solar, diesel, diesel-wind, diesel-battery, and others. Diesel-battery segment has acquired the lion’s share of the market and is expected to attain a robust growth rate of 14.99% during the review period. Furthermore, the diesel-solar segment can gain massive traction in the years to come, given that diesel solar-powered telecom towers make use of both diesel and solar energy to produce power to the whole tower.
Component-wise, the market caters to batteries, rectifiers, inverters, controllers, power distribution unit, generator, and others. Out of these, the batteries segment is set to be highly lucrative in the year 2019 and the years following it. The segment is slated to touch the valuation of over USD 1,100 Million by 2023.
Regional Outlook
The global telecom tower power system market is primarily concentrated in the regions of Asia Pacific (APAC), Latin America, Europe, the Middle East & Africa (MEA) and North America.
In 2017, APAC had garnered the top position in the global telecom tower power system market and is predicted to retain its dominance during the forecast period. The same year, APAC telecom tower power system market value was USD 855.67 Mn and by 2023, it can cross the valuation of USD 1,800 Million, which translates into a strong growth rate. Rising penetration of cell tower in various countries like India and China does wonders to the regional market. The telecom sector in the region is noting some significant technological up-gradation, supported by high foreign direct investment in developing markets. 3G/4G network user-base is most likely to expand considerably over the next few years. This is persuading various telecom operators and tower companies to make use of tower power systems that are future-ready and highly advanced. This way, these companies secure their position in the market and also help it grow at a fast pace.
Value-wise, North America was the second-leading market for telecom tower power system market in 2017. It recorded a market value of more than USD 674 Million, and during the forecast period, it can attain a growth rate of 11.75%. Market growth is complemented by the strong economy of the region, along with the high per capita income of people.
The Europe market for telecom tower power system is set to gain the highest CAGR during the review period. Increasing implementation of green power alternatives to power telecom sites, bring down operational costs, and handle the infrastructural changes in the region will lead to invigorating market growth in subsequent years.
Leading Players
Bharti Infratel Ltd., Delta Electronics Inc., Eaton Corporation PLC., Huawei Technologies Co., Vertiv, Schneider Electric, STMicroelectronics NV Ltd., ABB Ltd., Indus Towers Ltd., Texas, Instruments Inc., are the top competitors in the worldwide telecom tower power system market.
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Industry News
September 2019
Edotco Group Sdn Bhd is deploying several sustainable design innovations and is striving to make widespread use of renewable energy across its many sites. The company, with the aim of bringing down its overall carbon emission, has transitioned from four-legged to three-legged towers. The company is also looking into the use of bamboo for constructing towers, which can lead to a 70% decline in carbon emission per structure.
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