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. 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.
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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
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Telecom Tower Power Systems Market - 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.
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Telecom Tower Power System Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the telecom tower power system market include Delta Electronics Inc., Cummins Inc., Huawei Technologies Co., Ltd, Eaton Corporation, Vertiv Group Corporation, STMicroelectronics NV, ZTE Corporation, and ABB Ltd.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Telecom Tower Power System Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/telecom-tower-power-system-market/download-sampleMarket DynamicsThe key factor driving the market is telecommunication service providers' growing inclination towards setting up power systems in rural and off-grid areas.
The market is also driven by the growing need for energy-efficient telecom power solutions and initiatives to launch green telecom tower power systems.
Telecom towers are being installed at a large scale due to the telecom sector's rapid growth and the ever-increasing number of mobile subscribers, thereby boosting demand for power systems.
Telecom Tower Power Systems Market InsightMarket Research Future offers a six year forecast for the global Telecom Tower Power Systems Market between 2017 and 2023.
By value, the global telecom tower power system market is expected to register a double-digit CAGR with 13.06% during the forecast period.
Globally, green power systems are anticipated to replace traditional diesel generators and diesel generator plus battery power supply steadily in the telecom tower power system market.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2490Governments across the globe are taking up green initiatives intending to lower their carbon footprint.
Mainly in the Asia Pacific, telecom tower companies are replacing diesel generators with hybrid energy result.
Solar photovoltaic systems, biomass and wind turbines are liable to replace the present diesel generators and battery power sources in the telecom tower power system market.
Telecom operators are playing a noteworthy part in the telecom tower power system market.
Telecom Tower Power System Market ShareIn this fast growing environment, demand for connectivity is ever increasing.
In this changing environment with the rising popularity of smartphones and different mobile applications has resulted in the demand for connectivity in all the regions.
Therefore solving the connectivity issue across the diverse geographies has led to an increase in the Telecom Tower Power System market.Telecom Tower Power System is designed to meet the needs of reliable, highly efficient, quiet, and environmentally-friendly backup or continuous power for telecommunication sites.
High competition and need to provide high-quality service are responsible for the incline of industries towards Telecom Tower Power System.The Telecom Tower Power System Market is growing rapidly over 11% of CAGR and is expected to reach at USD ~3.7 billion by the end of forecast period.Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:The telecom Tower Power Systems are segmented on the basis of type, power source and region.
By type segment, consists of Reliable grid, Unreliable grid, Off grid segment.
This growth is credited to the expansion of networks into remote locations by mobile network operators and tower companies to attain global coverage.By power source segment, Telecom Tower Power System consists of diesel, diesel-battery, diesel-solar, diesel-wind and others.
Telecom Tower Power System Market SizeThe Telecom Tower Power System market is growing immensely.
The growing demand for connectivity is driving the market.
Governments of developed as well as developing nations are encouraging the use of renewable energy technologies.
The Telecom Tower Power Systems designed using these renewable power sources such as solar, wind and others, contribute to energy saving.
is a major challenge faced by the Telecom Tower Power System market.According to Market Research Future Analysis, Global Telecom Tower Power System Market has been valued at US $ ~3.7 Billion by the end of forecast period with ~11% of CAGR during forecast period 2016 to 2022.With the worldwide growth of telecom sector and increasing user of telecom, the market for telecom tower power system has to increase as the towers have to remain operational and some power source needs to drive power to them.
Market Research Future (MRFR) has published a research report that enumerates massive expansion for the global telecom tower power system market 1t 13.06% CAGR between 2018 and 2023.
