The market for telecom towers in Myanmar is projected to grow at a compound annual growth rate (CAGR) of over 28 percent during 2015-20, a recent report said.
The major factors driving the market include rising number of mobile subscribers, Long Term Evolution (LTE-4G) deployment and increasing government support towards strengthening telecom infrastructure, according to TechSci Research’s report titled “Telecom Tower Market Forecast & Opportunities, 2020 – Indonesia, Malaysia, Cambodia and Myanmar”.
Myanmar’s telecom tower market is expected to demonstrate higher growth over the next five years on account of growing smartphone penetration, declining tariffs and new telecom operators foraying in the country.
The report said mobile network operators and tower companies in Indonesia, Malaysia, Cambodia and Myanmar are currently focusing on building off-grid telecom towers due to poor electrification rate in these countries.
Additionally, growing environmental concerns is further driving the shift towards off-grid telecom towers. Consequently, grid based telecom tower infrastructure is expected to witness a decline during the forecast period in these four Southeast Asian countries, primarily in Malaysia, according to the report.
“With the advent of LTE technology and increasing proliferation of smart devices, the demand for deploying more telecom towers to strengthen network infrastructure and enhance coverage is expected to increase over the next five years.
“In addition, the shift towards green energy is forecast to gain momentum due to lower carbon emissions, primarily in rural areas where electrification ratio is low, thereby boosting the off-grid telecom tower market,” said Karan Chechi, research director with TechSci Research, a management consulting firm.