On Grid has been accomplished largest revenue share in the Nigeria Telecom Towers Market- 6Wresearch
The growing demand for on grid type of installation is driving its demand. On the other hand, increasing broadband penetration and subscription rates in the country creates the telecom towers market in Nigeria extremely promising as more internet penetration and subscriptions by the local population would encourage the telecom tower players in installing more towers for greater coverage and revenue generation.
According to 6Wresearch, Nigeria Telecom Towers Market size is projected to grow at a CAGR of 12.4% during 2022-2028. The growing broadband penetration and subscriptions would propel demand for telecom towers and hence would increase its Volume in coming years as it would expand the overall revenue generation potential of the information and communication technology sector of the country by providing internet access to the masses. Moreover, Nigeria accounts for the highest share in Africa’s ICT market and is growing rapidly on account of increasing government expenditure and pandemic induced digitalization in commercial sector, thereby, Nigeria is expected to witness growth in its telecom towers in coming years.
According to Ravi Bhandari, Research Head, 6Wresearch, “Diesel + Solar is projected to witness tremendous growth in coming years owing to increased focus on renewable sources of power coupled with its cost efficiency as compared to the diesel alternatives which would lose its growth pace in coming years as it would serve an unviable alternative opposed to the solar and on-grid alternatives due to the rising efficiencies and investment in the country’s energy sector due to the Energy transition plan.
“Nigeria Telecom Towers Market (2022-2028)” report provides an in-depth analysis with 14 figures and 5 tables, covered in 68 pages. Nigeria telecom towers market report comprehensively covers the market by installation type, fuel type and ownership. Nigeria telecom towers market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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