Telecom Tower Power Systems Global Market Estimated to Perceive Accrued Value with a Staggering CAGR

MRFR Press Release/- Market Research Future published a half-cooked research report on “Telecom Tower Power Systems Market - Forecast to 2024” Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024

Telecom Tower Power Systems- Overview

With the rapid innovation and modernization in IT industry, there has led to increase in the advancement of telecom technologies. The telecom tower power systems are used to provide backup during power interruption. These towers are designed to meet the requirements of the tower or the telecommunication sites such as highly efficiency, reliable and environment friendly power supply and backup. The telecommunication towers are either owned by an individual telecom service or shared with various telecom service providers to reduce the operation cost and save capital. One of the major factors that tends to drive the telecom tower power systems is the increasing number of internet and mobile phone users globally.Telecom Tower Power System Market is projected to grow from USD 5.47 Billion in 2024 to USD 10.87 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.96% during the forecast period (2024 - 2032). Additionally, the market size for Telecom Tower Power System was valued at USD 4.96 billion in 2023. 

The growing demand for the renewable power supply is also driving the global telecom tower power systems. Similarly, the exponential growth of mobile data traffic and telecom operators owing to reliable and efficient operating networks has led to the development of network coverage in rural as well as metropolitan regions. Governments across the world are taking up green initiatives with the aim of lowering their carbon footprint. However, high operating cost and carbon emission regulation are factors that hinder the market growth. Similarly, the fluctuating prices of diesel is a major restrain that hinders the market growth as operators uses diesel generators as a source for power supply.

Industry News

April 25, 2018, Bharti Infratel and Indus Tower to merge

Bharti Infratel will merge its operations with Indus Towers that has Vodafone India and Idea Cellular as stake holders to create USD billion company. This is expected to be one of the largest mobile tower entities globally with more than 1.6 lakh towers across India. The company will be worth more than USD 14 billion.

September 13, 2018, Joint innovation program by Intel Corporation and SK Telecom

Intel Corporation announced partnership with SK Telecom for a joint innovation program. This will include the collaboration of the technologies such as mobile edge computing, 5G, and Intel True VR technology and others.

Telecom Tower Power Systems Market - Segmentation

Based on type, the market is segmented into reliable grid, unreliable grid and off grid

Based on power source, the market is segmented into diesel, diesel battery, diesel solar, diesel wind and others

Based on region, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world

Regional Analysis

Regionally, the telecom tower power systems market is segmented into North America, Europe, Asia-Pacific, and rest of the world. Asia- Pacific region is dominating the telecom tower power systems market and is expected to grow at a fast rate during forecast period. The factors that are driving the telecom tower power semiconductor market in the Asia-Pacific region is the increasing number of mobile subscribers, and the presence of various telecom industries in the region is also considered to drive the market. Rapid advancement in technology in the telecommunication and IT industry is driving the market in the region with countries such as China, Japan, India, South Korea advancing rapidly. Additionally, Asia-Pacific region has numerous vendors that provides raw material for telecom equipment and manufactures that provide the final product for the system such as rectifiers, converters, generators, heat management systems and others. North America is considered to have the second largest market share after Asia-Pacific, followed by Europe and rest of the world.