Global Telecom Tower Power System Market: By Type (On-grid and Off-Grid), By Power Source (Diesel Diesel-Solar, Diesel-Battery, Diesel-Wind and Others), By Component (Rectifiers, Batteries, Controllers, Inverters, Power Distribution Unit, Generator and Others), and Region — Forecast Till 2023
MRFR’s latest report reveals that the global telecom tower power systems market will exhibit a CAGR of 13.06% during the forecast period (2018–2023) and reach a valuation of USD 4.45 billion by 2023. Telecom power system is a sought-after solution for 24/7 power supply to telecom towers. The market growth is primarily driven by the growing user base of telecom services worldwide. Other factors that can be linked with the rapid expansion of the market are increased penetration of internet and growth of telecom sector in fast-developing countries such as India and China. There has been a significant upsurge in the number of internet users in recent years. In 2018, over 4 billion people worldwide were connected to the Internet — 90% of them being mobile phone users. Digitalization and improved economic conditions of countries with large population size is contributing to the upsurge in internet and mobile phone users.
Global Telecom Tower Power System Market: Segmental Analysis
The report includes a thorough segmental analysis of the market based on type, power source, by component and region.
By type, the market has been segmented into on-grid and off-grid. The on-grid segment holds the largest market share. In 2017, the segment stood at a valuation of more than USD 1,200 Million and projected to surge at a CAGR of 11.88% between 2018 and 2023.
By power source, the market has been segmented into diesel, diesel-solar, diesel-battery, diesel-wind and others. Diesel-battery segment commands the lion’s share of the market. During the forecast period, the segment is projected to witness a CAGR of 14.99%. The diesel-solar segment is expected to gain traction in foreseeable years. Diesel solar-powered telecom towers use a combination of diesel and solar energy to supply power to the entire tower. It is used in both on-grid and off-grid power systems.
By component, the market has been segmented into rectifiers, batteries, controllers, inverters, power distribution unit, generator and others. Of these, the batteries segment is expected to remain highly profitable in 2019 and beyond. The segment is anticipated to reach a market valuation of more that USD 1,100 Million by 2023.
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Global Telecom Tower Power System Market: Competitive Landscape
Schneider Electric, Huawei Technologies Co., Ltd., Delta Electronics Inc., Eaton Corporation PLC., Vertiv, Bharti Infratel Ltd., STMicroelectronics NV, Texas, Instruments Inc., Indus Towers Ltd., and ABB ltd. are among the leading market players mentioned in the report.
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