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 are expected to increase at a 6.7% CAGR between 2021 and 2031.
In 2021, the market for telecom tower power systems’ diesel generator + battery segment saw strong revenue growth. Between 2020 and 2021, demand increased by 5.6%, which fueled expansion in the telecom tower power system market.
The global demand for energy-efficient power systems is responsible for the growth observed. The global rollout of 5G technology in recent years has consistently increased the demand for telecom tower power systems.
Initiatives taken to introduce green telecom power systems are among the major drivers of demand for telecom tower power systems. Leading manufacturers of power systems are concentrating on increasing their production and distribution capabilities across numerous nations. Some businesses are working closely with local manufacturers to enhance their industrial research initiatives.
East Asia is predicted to remain one of the most attractive markets for telecom tower power systems during the forecast period, according to Future Market Insights. According to the study, China is expected to account for over 59% of the East Asia market through 2031.
China telecom operators have plans to build over 600,000 base stations in 2021. Leading telecom operators are planning to invest over US$ 20 billion on 5G infrastructure, which in 2021 will include 5G standalone core system deployments. Outdoor telecom power systems, which will account for nearly 54% of the market for telecom tower power systems in 2021, are currently in the lead. Outdoor telecom tower power systems are available in different configurations, and they are designed to protect equipment from external threats in varied climatic conditions with energy-efficient solutions and high performance, creating attractive growth prospects.
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