Global Remote Towers Market to Reach $2.7 Billion by 2030
The global market for Remote Towers estimated at US$369.4 Million in the year 2023, is expected to reach US$2.7 Billion by 2030, growing at a CAGR of 32.8% over the analysis period 2023-2030. Contingency Remote Towers, one of the segments analyzed in the report, is expected to record a 34.4% CAGR and reach US$1.6 Billion by the end of the analysis period. Growth in the Multiple Remote Towers segment is estimated at 32.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $121.1 Million, While China is Forecast to Grow at 31.4% CAGR
The Remote Towers market in the U.S. is estimated at US$121.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$438.6 Million by the year 2030 trailing a CAGR of 31.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29.3% and 27.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 22.8% CAGR.
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