Telecom Power Systems Market - Dominance of the Leading Companies Over the Global Industry

The market for telecom tower power systems is anticipated to grow at a CAGR of 5.8% in 2021, with an estimated global market value of US$ 3.5 Billion. According to a report by Future Market Insights (FMI), sales of telecom tower power systems are projected to grow at a CAGR of 6.7% between 2021 and 2031.

The expansion of telecom infrastructure facilities to include rural and other remote locations has led to a rise in demand for telecom tower power systems, according to Future Market Insights. Manufacturing technology developments at a rapid pace are also anticipated to support market expansion in the near future.

The 2020 COVID-19 pandemic may have caused a recession, but the critical service sector of the telecommunications industry has not been impacted. The expansion of telecom tower power systems is anticipated to continue on an upward trend for the foreseeable future because to the continued demand for highly energy-efficient solutions.

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As the number of telecom tower networks has increased over the past few years, so has the demand for telecom tower power systems. The expansion of new telecom infrastructure projects and a surge in investments in developing countries are to blame for this.

Process automation is now more crucial than ever because of the rising demand for mass production. The market is moving toward Industry 4.0 norms, which is why new production technologies are being promoted and broadly embraced.

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.

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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.

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)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.