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Market outlook of the global battery market for energy storage in telecom
The need to overcome the high operational and maintenance costs drives the battery market for energy storage in telecom. The need for reducing the diesel consumption by increasing the number of renewable installations to power telecom towers are expected to help the market grow at a CAGR of more than 10% in the next four years.
Globally, the telecom sector has seen a remarkable jump in last 5-10 years. Globally, as wired telecom infrastructure is getting replaced with cellular systems in a big way, the total number of towers has grown drastically. Telecommunication networks need assured power supply on a continuous basis. Power requirements of telecom towers are fulfilled either through the grid or diesel generator sets. However, climate change issues have triggered the requirement for clean and greener telecom towers. Many telecom operators are likely to switch over to renewable power sources such as wind and solar for powering the telecom towers in the future.
Segmentation of the market and further analysis by application
- Lead acid
The revenue generated from for the Li-Ion battery market for energy storage in telecom sector was in excess of $18 million in 2014. The battery technology is expected to occupy a major share of the battery storage for renewable plants in the coming years. During the forecast period, the market demand for attributes like energy and power density is likely to gain significant momentum.
Segmentation of the market by geography
China has one of the world’s largest telecom sector. As of 2014, the country had more than 1.3 million telecom subscriptions, and the count is expected to double by the end of 2017. Technavio’s market analysts estimate an increase in the demand for migration to 4G from 2G and 3G will prompt the telecom operators to install more towers in the region. It is expected to contribute directly towards the consumption of batteries through 2019.
Vendor landscape of the global battery market for energy storage in telecom
- East Penn
Other prominent vendors in the market are ACME, Sacred Sun, Trojan Battery, and Victron Energy, FIAMM Energy Storage, GS Yuasa, HOPPECKE Batterien, LG, NorthStar, Saft, and Samsung SDI. The high market growth rate of the renewable storage in telecom is expected to attract many vendors across the world. As a result, many global vendors are expected to increase the competition with their enhanced Li-ion, sodium-sulphur, and advanced lead-acid battery products during the forecast period.
Key questions answered in the report
- What are the key factors driving the global battery market for energy storage in telecom?
- What are the key market trends impacting the growth of the global battery market for energy storage in telecom?
- What are the various opportunities and threats faced by the vendors in the global battery market for energy storage in telecom?
- Trending factors influencing the market shares for EMEA, APAC, and Americas?
- Key outcome of the five forces analysis on the global battery market for energy storage in telecom?
- Growth forecast of the global battery market for energy storage in telecom until 2019?