Telecom Tower Power System Market Key Players, SWOT Analysis, Key Indicators & Forecast to 2031

 

The telecom tower power system market is expected to register year-on-year growth at 5.8% in 2021, with the overall valuation forecast to reach US$ 3.5 Bn. As per a Future Market Insights (FMI) analysis, sales of telecom tower power systems is expected to increase at 6.7% CAGR between 2021 and 2031.

According to Future Market Insights, increased demand for telecom tower power systems has resulted from the expansion of telecom infrastructure facilities to cover rural and other remote areas. Rapid technological advancements in manufacturing are also expected to supplement market growth in the near future.

Despite the COVID-19 pandemic’s recessionary effect in 2020, the telecommunications industry has remained unaffected in terms of essential service sector. With the ongoing demand for high energy efficient solutions, the growth of telecom tower power systems is expected to continue on an upward trend for the foreseeable future.

Request a Sample Copy of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-444

Demand for telecom tower power systems is increasing with the rise in the volume of telecom tower networks in recent years. This can be attributed to an increase in investments and expansion of new telecom infrastructure projects in developing nations.

The growing demand for mass production has increased the importance of process automation. The market is shifting toward Industry 4.0 standards, resulting in the promotion and widespread adoption of new manufacturing technologies.

The growing number of players focusing on telecom tower power system research and development is expected to contribute to market growth in the coming years.

Key Takeaways from Telecom Tower Power System Market Study

  • Outdoor telecom tower power systems are projected to hold over 54% of the global market share in 2021, supported by the availability of superior configurations.
  • The diesel generator + battery segment is set to hold over 41% of the market share as a power source by 2031-end, supported by investments into renewable energy systems.
  • The U.S. will remain a primary market, backed by rising demand from the energy sector. It is expected to account for over 86% of the demand registered in North America in 2021.
  • The markets in India and China are set to surge at CAGR of approximately 8% and 7% over the coming decade.
  • Russia is emerging as a key market in Europe, with a valuation of over US$ 154.5 Mn in 2021, driven by presence of massive telecom infrastructure network.

“The telecom tower power system market is growing at a strong pace driven largely by increasing demand for energy efficient power systems. Increasing investments in the telecommunication industry for the expansion of telecom infrastructure projects will create extensive opportunities for telecom tower power system manufacturers. Industry participants are investing in expansions, strategic alliances, and energy efficient solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Who is Winning?

The telecom tower power system market is moderately consolidated, with key players accounting for more than 55% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to Delta Electronics Inc., Cummins Inc., Huawei Technologies Co., Ltd, Eaton Corporation PLC, Vertiv Group Corporation, STMicroelectronics NV, ZTE Corporation, and ABB Ltd.

More Information on this Report @
https://www.futuremarketinsights.com/reports/telecom-tower-power-systems-market

Telecom Tower Power System Market by Category

By Product Type:

  • Outdoor Telecom Power System
  • Indoor Telecom Power System

By Power Source:

  • Diesel Generator
  • Diesel Generator + Battery
  • Renewable Energy
    • Solar
    • Wind Turbine
    • Biomass

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Comments

Post a Comment

Popular posts from this blog

Single-use Filtration Assemblies Market Analysis, Key Manufacturers, and Growth Forecast 2023 to 2033

 The global  single-use filtration assemblies market  is predicted to be worth US$ 3.53 billion in 2023 and rise to US$ 19.28 billion by 2033. Initially, the global market was expanding at a CAGR of 19.8% from 2018 to 2022. Smaller batch sizes, increased demand for customized treatments, and the need for adaptive and scalable solutions are the leading factors fostering the development of single-use technologies in the pharmaceutical industry. Spending on pharmaceutical research and development for the product has increased, since single-use assemblies are essential to both small- and large-scale biopharmaceutical production. The increasing use of single-use filter assemblies has raised questions about the impact single-use plastics have on the environment. The single-use filter assemblies sector is growing, thus the industry must come up with plans to reduce waste and promote sustainability. Download a sample to obtain additional highlights and key points on various marke...
Read more

Industrial Motors Market Analysis, Key Players, Segments & Forecast 2022 to 2032

 The worldwide  industrial motors market  is estimated to develop at a 3.5% CAGR from 2022 to 2032, reaching a value of more than US$ 917.3 million in 2032. Several government entities, like the European Water Association (Europe), the Environmental Protection Agency (US), and the India Water Works Association (India), are actively drafting legislation and regulations governing water disposal and reuse programmes. The Environmental Protection Agency (EPA) in the United States, for example, has made it essential for companies to purify water before disposing of it. In this regard, specifications for maximum allowed contamination levels have been devised. Furthermore, severe government laws have been put in place for the construction of water projects to produce power, handle water waste, and stop deposit exploitation, among other things. These industrial water and wastewater projects are expected to have a direct impact on the growth of the industrial motors market from 20...
Read more

Micro Irrigation Systems Market is expected to register 13% CAGR through the end of 2031

  The global  micro irrigation systems market is expected to grow at an exponential rate of more than 13% CAGR through the end of 2031, according to insights from the latest study from Future Market Insights (FMI) an ESOMAR-certified research and consulting firm. The report provides a detailed analysis in more than 20 high growth regional markets, with comprehensive details on the prospects of micro irrigation systems through the coming decade. Micro irrigation systems are gaining importance in the agriculture sector, owing to their efficacy in minimizing the effects of drought conditions, at comparatively low costs. Increasing demand for water and concerns over scarcity of this natural resource, with its effects in terms of quality and crop yield will play key roles in driving the growth of the market. Growing interest in greenhouse farming is also driving micro-irrigation systems in specialized farms. The study by FMI has analyzed the global demand for micro irrigation...
Read more