Adoption of Renewable Power Sources Emerges as Key Trend in Global Telecom Tower Power System Market

Telecom Tower Power System Market

Telecom towers, the structures that elevate antennas that receive and transmit radio-frequency signals from devices and mobile phones and comprise base station equipment from where connecting wires run for delivering communication services to a specific region, form the backbone of any telecom system infrastructure. As such, massive numbers of telecom towers are established across the world and their numbers continue to rise with the rising consumer base of telecom services. To ensure uninterrupted telecom services, telecom towers are connected to reliable power supply sources. The market for power systems supporting these telecom towers is in itself a billion dollar industry and is expanding at an impressive pace as well.

According to a recent market research report by Future Market Insights, the global market for telecom tower power systems will rise to a revenue valuation of US$5,709.5 mn by 2025, exhibiting an impressive 12.2% CAGR over the period between 2015 and 2025.

Noted below are some of the most prominent trends associated with the global telecom tower power systems market:

Massive Rise in Number of Internet Users Globally Emerges as Leading Trend

The growth prospects of the market for telecom tower power systems are directly linked with the numbers of telecom towers across the globe. In the past few years, there has been a massive rise in the number of telecom towers owing to the vast rise in demand for telecom services and uninterrupted, high-speed internet connection, especially in emerging economies. As the numbers of telecom towers continue to rise on account of the rising numbers of users of telecom services, the demand for reliable power systems is also expected to witness a promising rise in the next few years. Moreover, revival of economies in regions such as Western Europe, Eastern Europe, and North America is also expected to work in favour of the global telecom tower power systems market in the near future.

Declining Revenues Compel Companies to Share Telecom Infrastructure

It has been observed in the recent years that there has been a notable decline in revenue generated per tower owing to the intensifying competition in the telecom industry and the consecutive need to provide services at economical rates. Thus companies are adopting shared expense management with other service providers to bring down the operating and capital expenditures of telecom towers. Focus on the adoption of other technologically advanced products that help in improving the energy efficiency of towers, such as the integrated chip technology and integrated energy monitoring systems, has also significantly increase in the past few years.

Diesel Generator Combined with Battery Segment Gains Largest Share in Market

Of the key sources used to power telecom towers, the use of diesel generators in combination with batteries accounts for the dominant share in the overall market, holding nearly 45.5% of the market in 2015. The segment continues to remain one of the most popular modes of providing power to telecom towers as a number of regions across the globe do not have continuous power supply. Over the period between 2015 and 2025, the segment of diesel generator combined with battery power is expected to expand at a 8.6% CAGR.

While the renewable energy segment presently accounts for nearly 39% of the overall market, the segment is gaining strength and increased pace and is expected to emerge as one of the most lucrative segments in the next few years. The segment is likely to expand at a massive 16.4% CAGR over 2015 and 2025, likely leading to the most lucrative set of growth opportunities over the said period.  Factors such as the increased awareness regarding the need to shift to renewable power for environment protection and stringent guidelines regulations placed by several governments across the globe regarding the increased use of renewable power in a number of industries will help renewable power systems see increased adoption for powering telecom towers.

Focus on Investment in Renewable Power Sees a Surge

The global telecon tower power systems market has witnessed a steady transformation in terms of company preference to new and greener sources of power in the past few years. Vast technological developments in the field of renewable energy have supplemented this transformation, making the switch from conventional power sources to renewable ones possible owing to the available options in present times. From solar cells to wind energy, developments in the field of renewable energy are being reflected in the telecom tower power system market as well and the trend is likely to remain strong in the next few years as well.

Some of the leading companies in the market are GE Energy Infrastructure, Emerson Network Power, Inc., Bharti Infratel Ltd., American Tower Corporation, SBA Communications Corporation, Eaton Towers Limited Reliance Infratel Limited, GTL Infrastructure Ltd., and Indus Tower Ltd

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About Abhishek Budholiya 84 Articles
Abhishek Budholiya is a tech blogger, digital marketing pro, and has contributed to numerous tech magazines. Currently, as a technology and digital branding consultant, he offers his analysis on the tech market research landscape. His forte is analysing the commercial viability of a new breakthrough, a trait you can see in his writing. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.