Global telecom tower installations are expected to reach 6,304 by 2025, expanding at a compound annual growth rate (CAGR) of 4.2% during the period 2015-2025, according to a new research report by Future Market Insights (FMI). The report, titled, “Telecom Tower Power System Market: Global Industry Analysis and Opportunity Assessment 2015-2025”, provides key insights on the trends in this market.
According to FMI’s research, the value of the telecom tower power market is expected to reach US$ 5,709.5 Mn by 2025, expanding at a CAGR of 12.2% between 2015 and 2025.
Increase in the installation of telecom towers globally is expected to provide an impetus to the demand for power systems. FMI forecasts the pace of installations to be robust in Asia Pacific and Latin America.
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Rising number of mobile phone subscribers is also fuelling the telecom tower power system market globally. The number of mobile phone subscribers is expected to expand at 4% to 5% between 2015 and 2025, creating increased demand for telecom tower power systems.
According to FMI, other key factors driving the telecom tower power system market include increasing penetration of 4G and LTE, rising number of internet users, and enhanced focus on uninterrupted telecom services.
The key factors restraining the growth of the telecom tower power system market are high initial- and operating- costs, and growing regulations on carbon emissions.
FMI has segmented the global telecom tower power system on the basis of product type into unreliable grid and off-grid. Unreliable grid accounted for nearly 67% of total revenues in 2015; FMI expects it to increase its market share to 69.9% by 2025.
The telecom tower power system market has also been segmented region-wise, and the market has been analysed in Asia Pacific Excluding Japan (APEJ), Japan, North America, Latin America, Western Europe, Eastern Europe, and Middle East & Africa (MEA).
Asia Pacific Excluding Japan (APEJ) is the most lucrative region in the global market, accounting for roughly 43% share in terms of value in 2015. FMI expects the marketing in APEJ to expand at a CAGR of 14.4% through 2025, and reach a valuation of US$ 2,966.4 Mn.
FMI has further segmented the APEJ telecom tower power system market into India, China, ASEAN, Oceania, and Rest of APEJ. China and India are the biggest markets for telecom tower power systems, collectively accounting for nearly 70% of market value share in 2015.
Middle East & Africa, and North America are the other two prominent regions in the telecom tower power market, collectively accounting for a market share of 28% in 2015. FMI forecasts the market in Middle East & Africa to expand at the second fastest CAGR after APEJ.
The key companies operating in the telecom tower power system market are American Tower Corporation, Bharti Infratel Limited, GTL Infrastructure, Indus Towers, Eaton Towers, Reliance Infratel, Viom Networks, and Crown Castle International Corp., Emerson Network Power, and GE Energy Infrastructure.
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Boston based American Tower Corporation has entered into long-term agreements with telecom service companies. In 2015, the company announced that it had acquired leasing rights to approximately 11,324 wireless towers, and acquired 165 towers from Verizon Communications Inc. The company plans to acquire over 100,000 towers by the end of 2015.
Bharti Infratel owns 85,892 telecom towers, out of which approximately 35,000 have been leased. The company owns nearly 42% stake in Indus Towers Ltd. GTL Infrastructure owns approximately 30,000 towers.
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