The surge in 5G technology adoption globally has
exponentially increased the demand for telecom tower power systems.
This demand is further driven by a growing preference for renewable
energy sources, such as solar, enhancing network coverage density
and sustainability.
Renewable energy is among the leading power sources,
influencing demand for telecom tower power systems. China has emerged as a highly lucrative market
for the production and export of telecom tower power systems. This
can be attributed to the increasing demand for electronic products,
coupled with the adoption of advanced technologies and higher
production capacities.
NEWARK,
Del., July 30, 2024 /PRNewswire/
-- According to a Future Market Insights (FMI), the worldwide
telecom tower power system market size is expected to reach a value
of USD 7,987.8 Million by
2034. The market is set to reach USD
4,518.9 Million in 2024, creating several growth
opportunities for leading players globally. The progress of the
industry is anticipated to adhere to a considerable CAGR of
6.7% through the forecast period.
The emergence of cutting-edge technology across the world has
leveraged the inclusion of modern features in telecom services.
Such advancements are likely to augment the demand for telecom
tower power systems.
With the growing consumer inclination toward renewable and green
energy, the demand for telecom tower power systems is expected to
increase. Such systems have better potential to curb carbon
footprints. Due to lower operational costs, such systems are
preferred more, driving growth of the market.
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The increasing demand for connectivity due to the rising
urbanization rate is an indicator of the proliferating scope for
large telecom towers. This demand might upsurge telecom tower power
systems sales, fueling the growth of the competitive landscape.
Emerging countries are offering better infrastructural
developments, thereby helping the market find new prospects in such
countries. This factor upholds sales of these systems in emerging
countries, including China and
India.
Key Factors Shaping the Demand Outlook of the Telecom Tower
Power System Industry:
- Increasing need for reliable power supply to augment the
telecom tower power system market
- Growing advances in technology are expected to create new
growth prospects for telecom tower power system manufacturers.
- Rise in demand for renewable energy sources has propelled the
telecom tower power system demand.
- The rapid technological advances in telecommunication boost the
sales of the market.
Key Takeaways from the Market Study:
- The sluggish progress of the global telecom tower power system
market during the historical period is projected to be elevated
during the next decade. Comparing the growth rates of the two
periods, the ecosystem projects CAGRs of 2.6% and
6.7%, respectively, which are significantly
contrasting.
- The outdoor telecom power system category of the product type
segment is expected to govern the progress of the industry. The
occupancy of the segment is 53.4% through 2024, creating
prospects for leading players to operate in the segment.
- The United States offers a
wider landscape to leading firms in the market, and the country is
expected to lead the global industry in terms of the size of the
sector. The potential development of the market in the country is
set to adhere to a CAGR of 5.7% through the forecast
period.
- The projected development of the competitive space is likely to
occur at the highest rate in India, thereby creating several lucrative
opportunities for key players in the country. The market is set to
advance at a CAGR of 8.2% through 2034.
"Complexity and intricacy of the regulatory framework for
telecom operators prove to be a key barrier to the growth of the
worldwide telecom tower power system
market," – opines Nikhil Kaitwade,
Associate Vice President at Future Market Insights (FMI).
Which Drivers Underpin Telecom Tower Power System Industry
Expansion?
Increasing Adoption of Telecom Services to Drive the Growth of
The Market
The increasing demand for connectivity and increasing adoption
of telecom services lead to the expansion of telecom networks. This
expansion includes the deployment of more telecom towers in various
locations, including urban areas, rural areas, and remote regions.
Each new tower requires a reliable power supply to ensure
uninterrupted network connectivity, driving the demand for telecom
tower power systems.
This growing adoption of telecom services drives the need for
power systems that can provide a continuous and reliable power
supply to support the growing network infrastructure.
Telecom services are essential for communication, business
operations, and everyday life. Network downtime due to power
outages can result in significant disruptions and financial losses.
Telecom operators invest in reliable power systems for their towers
to ensure uninterrupted service.
Increasing Demand for Sustainable Power Solutions
The increasing focus on sustainability and environmental
responsibility in the telecom industry drives the adoption of green
and sustainable power solutions for telecom towers.
Telecom tower power systems that integrate renewable energy
sources, such as solar and wind power, help reduce carbon emissions
and dependence on fossil fuels.
The growing adoption of telecom services encourages telecom
operators to invest in sustainable power solutions, contributing to
the growth of the telecom tower power system market.
Competition Outlook:
Owing to a better understanding of local markets, small-scale
firms that operate in the Tier 2 category are set to govern local
consumer trends. The expansion of such firms, however, is dependent
on the market occupancy of large-scale players.
To gain a better position in the market, such firms are set to
expand their presence using strategies like alliances, product
innovation, differentiation, and many more. Large-scale players in
the industry expand with the help of several key strategies,
including collaborations, acquisitions, mergers, and partnerships.
The collective ecosystem of new entrants and key players governs
the growth of the global telecom tower power system market.
The following recent developments have been shaping the size of
the industry-
- In February 2024, GE
Energy launched a new AI-based software, which aims to enhance
industrial sustainability and operations goals. The new product
launch has helped the company bolster the position of the business
in the international market.
- In July 2024, Huawei
Technologies Co., Ltd introduced the Apollo Version. The
product is based on Release 18, which is the first commercial 5.5G
version. The product launch has consolidated the position of the
business.
Key Players Operating in Telecom Tower Power System
Industry:
- Huawei Technologies Co., Ltd
- GE Energy
- Schneider Electric
- Cummins Inc.
- ABB Ltd
- Eaton Corporation Plc
- ZTE Corporation
- STMicroelectronics NV
- Delta Electronics Inc.
- American Tower Corporation
- Crown Castle International Corp.
- Vertiv
- SBA Communications Corporation
- Ascot Group
- Dynamic Power Group
- Mayer Power Products
- Voltserver
- Station
- Alpha Technologies
- UNIPOWER
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Telecom Tower Power System Market Segmentation
Analysis:
By Product Type:
- Outdoor Telecom Power Systems
- Indoor Telecom Power Systems
By Power Source:
- Diesel Generator
- Diesel Generator + Battery
- Renewable Energy
- Solar
- Wind Turbine
- Biomass
By Capacity:
- Up to 10 KVA
- 10 to 100 KVA
- Above 100 KVA
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia
- Middle East and Africa
About Future Market Insights – Industrial Automation:
The industrial automation division of Future Market
Insights offers a novel approach and innovative perspective in
analyzing the industrial automation market. Comprehensive coverage
of capital, portable, process, construction, industrial, and
special-purpose machinery across the manufacturing sector and
distinctive analysis of the installed base, consumables,
replacement, and USP-feature-application matrix make us a
pioneering voice in the industry. We are preferred associates with
established as well as budding industry stakeholders and channel
partners when it comes to sustaining, growing, and identifying new
revenue prospects.
Author:
Nikhil Kaitwade (Associate Vice President at Future Market
Insights, Inc.) has over a decade of experience in market research
and business consulting. He has successfully delivered 1500+ client
assignments, predominantly in Automotive, Chemicals, Industrial
Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research
methodology, creating a unique analysis framework, statistical data
models for pricing analysis, competition mapping, and market
feasibility analysis. His expertise also extends wide and beyond
analysis, advising clients on identifying growth potential in
established and niche market segments, investment/divestment
decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in
Mechanical Engineering. Nikhil has authored several publications
and quoted in journals like EMS Now, EPR Magazine, and EE
Times.
Explore Future Market Insights, Inc. Extensive Coverage in
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