PUBLISHER: The Business Research Company | PRODUCT CODE: 1543838
PUBLISHER: The Business Research Company | PRODUCT CODE: 1543838
A telecom tower, also known as a telecommunications tower or a cell tower, is a tall structure designed to support antennas for telecommunications and broadcasting, including mobile phone, radio and television signals. These towers facilitate the transmission and reception of radio frequency signals, which enable wireless communication over long distances.
The telecom tower market consists of sales, by entities (organizations, sole traders and partnerships), of telecom tower equipment and related services that are essential infrastructure for wireless communication networks, enabling the transmission and reception of signals for cellular networks, radio, television and internet connectivity.
The global telecom tower market was valued at $40,368.2 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 5.0%.
Favorable Government Initiatives
Favorable government initiatives fueled the growth of the telecom tower market during the forecast period. Favorable government initiatives, including subsidies, tax incentives and streamlined regulations, promoted infrastructure investment, facilitated new tower deployment and expanded network coverage, especially in underserved rural and remote areas. For example, in India, in October 2022, the Telecom Minister of India allocated INR 260 billion ($3.19 billion) for the installation of 25,000 mobile towers within 500 days. Additionally, special assistance amounting to INR 20 billion ($245.45 million) was earmarked to support state governments in their capital expenditures. Additionally, in August 2022, the Solomon Islands government secured a $66 million (A$96 million) loan from China's Exim Bank at a 1% interest rate. The funds were earmarked to construct 161 mobile communication towers, with equipment supplied by Huawei Technologies Co., Ltd., a China-based multinational digital communications technology corporation. Therefore, favorable government initiatives drove the growth of the telecom tower market in the historic period.
Renewable Energy Adoption To Enhance Sustainability In Telecom Operations
The players operating in the telecom tower market are shifting towards integrating renewable energy sources in telecom tower operations to enhance sustainability. This shift is driven by the need to reduce carbon footprints, comply with environmental regulations and lower operating costs associated with traditional energy sources. Renewable energy solutions, such as solar and wind power, are being adopted to power telecom towers, thereby ensuring continuous operation even in remote areas with unreliable grid access. This transition not only promotes environmental sustainability but also improves the resilience and efficiency of telecom infrastructure. For instance, in April 2024, NTPC (National Thermal Power Corporation) Green Energy, a fully owned subsidiary of the NTPC Limited, an India-based power generation company and Indus Towers, an Indian telecommunications infrastructure company, have signed an MoU (memorandum of understanding) to jointly develop grid-connected renewable energy projects, including solar, wind and energy storage solutions. This collaboration seeks to substantially increase Indus Towers' renewable energy capacity to the gigawatt scale nationwide, aligning with its net zero goals. Indus Towers manages over 211,775 telecom towers and communication structures throughout the country.
The global telecom tower market is fairly fragmented, with a large number of players in the market. The top ten competitors in the market made up to 22.04% of the total market in 2023.
Telecom Tower Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global telecom tower market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for telecom tower? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The telecom tower market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider telecom tower market; and compares it with other markets.