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Stock impact report

Telecom Tower Power System Market Size Worth USD 11.99 Billion in 2032 | Emergen Research [Yahoo! Finance]

Advent Technologies Holdings, Inc. - Class A (ADN) 
Company Research Source: Yahoo! Finance
Vancouver, Jan. 22, 2024 (GLOBE NEWSWIRE) -- The global telecom tower power system market size was USD 4.50 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.3% during the forecast period. Rising need for telecom services and increasing government initiatives and regulations focused on developing the infrastructure for telecommunications are key factors driving market revenue growth. In addition, rising demand for sustainable power sources is another key factor driving revenue growth of the market. The number of individuals using telecom services is rising quickly, therefore, number of telecom towers that are essential for delivering these services has increased. When the country's telecom tower count rises, the country's electricity consumption must also rise in proportion. It is important that the decarbonization of these structures be given top priority due to the increasing concerns around climate change to reduce telecom towers' carbon footprint. Micro-tur Show less Read more
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