ID: MRFR/ICT/1851-CR | April 2019 | Region: Global | 110 pages
Telecom Tower Power System Market Overview:
According to the most recent study report, the worldwide telecom tower power system market size will surpass USD 8.41 Billion by the end of the year 2030, growing at a compound annual growth rate of CAGR of 10.28 percent from 2020 to 2030 during the forecast time period.
The telecom tower system is made up of three parts: the generating system, the distribution network, as well as the communications network. The power system is comprised of a generator, a converter, a breaker, converters, and other components. In order to support the fast development of telecommunications infrastructure, an adequate power supply system is required, which is fueling the rising demand for telecom tower power systems. Greater connectivity in remote rural areas, as well as an increasing subscriber base for 3G/4G networks, is also contributing to the development of the telecom tower power systems market.
This report contains all the information on the global telecom tower power system market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global telecom tower power system market forecast for 2023 is also included in the report.
Covid 19 Analysis:
Consumers are going to spend more time at residence and consuming greater volumes of data as a result of the global spread of coronavirus illness and the resulting lockdowns imposed by a government in several countries consequently. As a result, major service suppliers are using a variety of methods to assist customers and satisfy the growing need for data, which has a beneficial impact on the market's overall telecom tower power system market growth and development.
In recent years, there's been a considerable rise in the use of smartphones and other portable devices in both developed and emerging economies, which has expanded the demand for telecommunications generating electricity. As a result of technological advancements and the telecom tower power system market demand for continuous telecommunications services for consumers, the internet, smartphone, and Internet protocol directions of the telecommunications network guarantee the rapid development of telecom energy systems. As a consequence, the increasing use of smartphone technologies and data transmission has increased the need for upgraded network services such as 4G, VoLTE, and 5G, which are now available. According to expectations, this will serve as the pivotal moment for the expansion of the market.
Furthermore, as the telecom sector continues to expand at a rapid pace, so as the number of users continues to increase, more telecommunication towers are being built on a bigger scale to satisfy the continued growth in rural regions. Furthermore, the need for broadband bandwidth is increasing as the popularity of smartphone gadgets, user management, and Internet consumers continues to rise. As a result, there has been an increase in the need for electricity distribution systems. The rapid innovation of mobile networks in rural and urban regions to improve connection infrastructure is generating business opportunities as a result of the ongoing development of cellular networks.
The sturdiness and dependability of diesel generators make them the favored supplier of electric energy for off-grid and backup power application areas such as cellular base stations. However, they emit damaging environmental exposure to carbon monoxide, nitrogen oxide, and hydrocarbons, which is an ozone-depleting gas. Consequently, environmental issues about telecom tower power supply systems, which are a result of the heavy use of diesel to operate telecom infrastructure, are indeed a major constraint on the growth of the telecom power system market.
Power systems are an expensive option for sustaining and managing telecom services in regions where grid energy is a significant challenge and where there is a high likelihood of power outages, such as rural areas.
Cumulative Growth Analysis:
The advancement of online energy in recent times has enabled performance gains that were previously unachievable due to technological limitations. Electricity managed and recorded by smart meters, also referred to as shifting power supply, is used to power electronic devices and to monitor and record the functioning of electronic devices. It also offers precise and comprehensive digital data on power use, which can be accessed in live time or at pre-determined time frames. A total of almost 94.8 million American homes already have adopted smart meters, as per the Department of Energy. Only with the increasing use of smart meters, it is expected that the digital electricity sector would grow at the highest rate during the projected period, surpassing the traditional energy segment.
Value Chain Analysis:
According to the report, the global telecom tower power system market is segmented on the basis of type, power sources, component, and region. During the next few years, it is anticipated that the on-grid sector will become more appealing. The market for this category was valued at above USD 1,200 million in the year 2017, so it is expected to grow at a compound annual growth rate of CAGR of 11.88 percent from 2018 to 2023. On-grid telecom tower power systems are more ecologically friendly and cost-effective than their off-grid counterparts, which is why they are preferred.
In terms of profitability, the diesel battery category has the greatest share in the market of value. Even during the evaluation period, a double-digit compound annual growth rate of CAGR of 14.89 percent is predicted for the sector. The usage of cells and power stations in telecommunications towers is becoming more common. Because of its excellent reliability, the combination is a widely sought-after power solution.
The batteries sector has the greatest telecom tower power system market share, accounting for USD 558 million in 2017 in terms of value. During the projection period, the sector is expected to grow at a compound annual growth rate of a CAGR of 13.30 percent. Batteries are an essential component of the telecom tower power system because they provide backup power in the event of an interruption in the alternating current supply.
Telecom Tower Power System Market Segmentation Overview:
The market is segmented on the basis of type, power sources, components, and region. The global telecom tower power system market is expected to witness decent growth during the forecast period.
Based on the application, the market is segmented into diesel diesel-solar, diesel battery, diesel wind, and others.
Based on the propulsion types, the market is segmented into rectifiers, batteries, controllers, inverters, power distribution units, generators, and others.
Telecom Tower Power System Market Regional Analysis:
According to the reports, on the basis of region, the global telecom tower power system market is divided into America, Europe, Asia Pacific, and the rest of the world. In the year 2017, Asia Pacific accounted for the biggest proportion of the worldwide telecom tower power system market, which was estimated at USD 855.67 million, according to the International Data Corporation. During the evaluation period, it is anticipated that the area would retain its dominating position. The development of telecommunications infrastructure in nations such as India and China are having a positive impact on the telecom tower power systems market in the Asia Pacific. Furthermore, the usage of the 3G/4G connection has seen a significant rise in recent years. Because of the rising Internet prevalence in the area, the construction of a higher proportion of telecom towers is required.
North America is the second-largest industry for the worldwide telecom tower power system market revenue, behind only China. The industry in the area had a value in excess of USD 600 million in the year 2017, and it is expected to grow at a compound annual growth rate of a CAGR of 11.75 percent during the evaluation period.
Telecom Tower Power System Market Competitive Landscape:
In the worldwide telecom tower power system industry, a number of businesses are vying against one another. Nevertheless, only a small number of businesses have a significant worldwide presence. There are a large number of businesses that are engaged in offshore installations via a third-party association. Cost, reliability, including after services are just a few of the areas in which companies are fighting.
Major Key Players:
ABB Ltd. is now the market leader in the worldwide telecom tower power system, according to the company. The business offers a diverse product portfolio that is devoted to a wide range of power system applications that are utilized in telecom towers, among other things. As part of its electricity and electric grid sector, the company also provides power system solutions for telecom towers.
Frequently Asked Questions (FAQ) :
The global telecom tower power system market is poised to record a market value of USD 8.41 Billion by 2030.
The global telecom tower power system market is maturing at a whopping 10.28% CAGR over the review period of 2020 to 2030
A few significant players of the global telecom tower power system market are Huawei Technologies Co., Ltd., Eaton Corporation PLC., Texas, and Instruments Inc., among others.
The on-grid segment is expected to drive market growth over the review period.
The augmented efforts towards improving telecom services is subsequently driving the telecom tower power system market growth.
The power distribution unit segment is likely to witness the highest demand in the telecom tower power system market.
Development in telecom infrastructure in emerging economies such as India and China is proving favorable on the telecom tower power system market in APAC.