The global telecom generator market size is projected to reach USD 1.78 billion by 2027, exhibiting a CAGR of 7.10% during the forecast period. Increasing adoption of renewables worldwide will play an important part in fueling the growth of this market, observes Fortune Business Insights™ in its report, titled “Telecom Generator Market Size, Share and COVID-19 Impact Analysis By Fuel Type (Diesel, Gas, and Others), Power Rating (Below 75 kVA, 75-375 kVA, 375-750 kVA, and Above 750 kVA), Application (Continuous, Peak Load, and Standby) and Regional Forecast, 2020-2027”.
As per the
latest data released by the International Renewable Energy Agency (IRENA), in
2018, electricity generation from renewables increased by 6.1% from 2017,
reaching 6,586TWh. The data reveal that solar power generation rose by 28% and
wind power by 11% in 2018 from 2017 levels, with the total public investment in
renewables standing at USD 21 billion. The demand for telecom generators is
expected to grow at a substantial pace amid the rising investments and steady
transition of countries towards renewables as these solar and wind are
intermittent power sources. For example, while solar energy is abundantly
available in tropical countries, it is virtually absent in colder countries.
Since telecom towers require reliable power to function efficiently, generators
provide the optimal solution, at least until renewable energy storage
technologies gain traction.
List of Key Companies Profiled in the Telecom Generator Market
Report:
- Algen Power Generation
- Mohammed A. Al-Faddaghi &
Partners
- AKSA Power Generation
- FG Wilson
- Kirloskar Electric Co. Ltd.
- KOHLER-SDMO
- HIMOINSA
- Caterpillar Inc.
- Perkins Engines Company Limited
- Ultimate Power Solutions
- The Generator King
- Generac Power Systems
- Wärtsilä
- John Deere
- Cummins Inc.
- Aggreko
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According to the report, the global market value stood at USD 1.20 billion in 2019. The other highlights of the report include:
- Unrivalled insights into the
forces driving and restraining the market;
- Granular analysis of the
different market segments;
- Holistic understanding of the
regional developments influencing the market; and
- In-depth study of the leading
market players and their preferred strategies.
DRIVING & RESTRAINING FACTORS-
Short-Term Disruptions amid COVID-19 to Stall Telecom Sector
Operations
The telecom
generator market growth is expected to face negative impacts of the COVID-19
pandemic as lockdowns and trade restrictions imposed by several countries have
led to disruptions in supply chains and tower construction activities in the
telecom sector. According to the World Bank’s International Finance Corporation
(IFC), lack of supply of materials and equipment, especially from China, has
forced several mobile network operators to suspend their construction activities
and are, therefore, undergoing financial distress.
Furthermore,
the IFC highlights that quarantine measures and staggered lockdowns have
impacted the movement of salespersons and distributors, which has dampened
business development prospects of many telecom companies. However, despite
these challenges, the IFC anticipates a moderate blow of the coronavirus on the
telecom sector as telecommunication infrastructures have been deemed critical
by governments worldwide, creating a reasonably favorable environment for this
market to grow.
Read Detailed Summary of This Research Report:
https://www.fortunebusinessinsights.com/telecom-generator-market-104598
REGIONAL INSIGHTS-
Phenomenal Rise in Mobile Phone Users to Speed up the Asia Pacific
Market Growth
Asia Pacific
is poised to dominate the telecom generator market share during the forecast
period owing to exponential growth in mobile phone and internet users in the
region, particularly in India and China. At present, there are 1.9 billion
mobile internet users in Asia Pacific, which is generating tremendous
opportunities for players in this market. In 2019, the Asia Pacific market size
stood at USD 0.58 billion.
In Europe,
steady deployment of 5G infrastructures is expected to be the prominent growth
driver for this market. Towards the end of 2020 it is anticipated that
next-generation wireless connectivity will be delivered across the continent
from 80 operational networks. 5G installations in Latin America, particularly
in Brazil, will provide the necessary booster shot for the growth of this
market in the region.
COMPETITIVE LANDSCAPE-
Product Advancements & Geographic Expansion to be the Dominant
Growth Strategies
Key players
in the market for telecom generators are making strategic investments to
develop and launch advanced products to cater to the rising need for efficient
telecommunications in diverse end-use industries. Besides this, some companies
are also expanding their presence in emerging markets by establishing
production operations in these regions.
INDUSTRY DEVELOPMENTS:
- April 2020: KOHLER-SDMO announced the
release of its New Value lineup of generator sets for industrial operations.
Powered by BAUDOUIN engines, the generators will feature a range from 900 kVA
to 1500 kVA, with wide applicability in power-dependent industries.
- September 2019: Aggreko inaugurated a new depot
in Greater Noida, India, in response to a growing demand for its products and
services in the industrial region surrounding the nation’s capital. Equipment
available at the depot will include generators and load banks for the telecom
industry along with cooling towers, chillers, and air conditioners.
Read Press Release:
https://www.fortunebusinessinsights.com/press-release/global-telecom-generator-market-10433
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