For those who are unfamiliar, Telecom towers are either owned by individual telecom service providers, or shared among multiple service providers in order to save capital and operational costs.
We live henceforth in an ever-connected world where Long-Term Evolution (LTE) and 4G network technologies which offer higher
speeds, faster connectivity and less round-trip latency are indispensable.
Therefore, the demand for these technologies is expected to increase fueling inter
alia, the development of improved telecom infrastructure that would result in
increased demand for telecom tower power systems. Provision of continuous power
supply to telecom towers would enable consumers to enjoy uninterrupted telecom
services; and substantial investment by telecom
tower and telecom service providers are required.
According
to Research and Markets, Telecom tower companies and telecom service providers use multiple
power supply sources such as a combination of diesel generators, batteries and
renewable energy sources to ensure continuous power to telecom towers.
In
its latest report, one can observe that, shift
in customer preference towards uninterrupted and high speed telecom services is
expected to propel growth of the global telecom tower power system market.
Research and Markets
also reveals that, in order to reduce impact on profit margins (by reducing Operational
Expenditures (OPEX) and Capital Expenditures (CAPEX) associated with telecom
infrastructure and services), telecom companies across the globe are opting for
consolidation.