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Generator(Up to 100 kVA) Market in Telecom Industry: Introduction
TransparencyMarket Research delivers key insights on the global generator (up to 100 kVA) market intelecom industry.In terms of revenue, the global generator (up to 100 kVA) market in telecom industryis estimated to expand at a CAGR of 4.6% duringthe forecast period, owing to numerous factors, regarding which TMR offersthorough insights and forecasts in its report on the global generator (up to100 kVA) market in telecom industry.
Theglobal generator (up to 100 kVA) market in telecom industry is broadly affectedby several factors, including expansion of telecom network in remote areas andrise in incidence of power outages.
Generator(Up to 100 kVA) Market in Telecom Industry: Dynamics
Therise in young population has boosted the demand for radio and mobilecommunications significantly across the world due to the advent of mobiletelephony. This has propelled the demand for large-scale worldwide network oftelecom towers, from cities to remote areas. In India, telecom penetration orteledensity has grown rapidly over the past few years. The overall teledensityin India increased from 86.38% atthe end of December 2020 to 87.01% at theend of January 2021.The rise in teledensity increases the number of telecom towers for properfunctioning of the telecom network.
Theincrease in subscriber base and teledensity, especially in rural areas, is amajor factor that encourages investment in the development of telecominfrastructure. In India, 70% ofthe population stays in rural areas. The rural telecom penetration is rapidlyincreasing. This is projected to be a key factor driving the generator marketin telecom industry over the next few years.
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Accordingto GSMA analysis and estimates, Sub-Saharan Africa had more than 240,000 towersin 2014 acrosscountries providing mobile coverage to 70% of the region’s population.The size of the tower portfolio in Sub-Saharan Africa grew to more than 325,000towers in 2020.
Remoteareas have limited or no access to grid-connected electricity. These areas aredependent on secondary sources of power such as generator sets. Hence, lack ofavailability of grid connection to telecom tower sites is anticipated to boostthe demand for generators during the forecast period.
Thecoronavirus pandemic has brought in significant changes in the world, withnetwork connectivity acting as a key for business continuity. Telecoms arecontinuously adapting to the changes caused due to the COVID-19 crisis. Beingthe distributor of Internet infrastructure to other industry verticals, telecomoperators have made several amendments in their operations and offerings toserve their customers in a better way. However, the demand for a reliablebackup power source has increased in the healthcare segment, owing to theongoing pandemic. This has led to the inclusion of generators in criticalservices. Hence, the supply chain of generators has not been affected adverselyduring the pandemic.
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Interms of application, the standby segment dominated the global generator (up to100 kVA) market in telecom industry in 2020. The segment is anticipated toexpand at a CAGR of 4.7% between 2021 and 2031.
Generator(Up to 100 kVA) Market in Telecom Industry: Prominent Regions
AsiaPacific dominated the global generator (up to 100 kVA) market in telecomindustry with 28.21% sharein 2020.Its dominance is anticipated to continue during the forecast period. The regionis expected to capture 30% shareby 2031.It is projected to create an incremental opportunity of US$ 275.90 Mnby 2031.This trend is likely to continue during the forecast period, due to rapidinfrastructure development, growth in urbanization, and increase in purchasingpower of end users in the region.
NorthAmerica is estimated to be the next attractive region of the global generator(up to 100 kVA) market in telecom industry during the forecast period. Theregion held 21.44% sharein 2020.The introduction of plans to deploy 5G network is anticipated to boost thedemand for telecom towers in North America. For instance, the Government ofCanada introduced a plan to deploy 5G in 2020. Around 24% ofconnections in North America are anticipated to be on 5G network by the endof 2022.This percentage is likely to rise to 46% by 2025, equivalentto 200 million5G connections.
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Generator(Up to 100 kVA) Market in Telecom Industry: Key Players
Majorplayers operating in the global generator (up to 100 kVA) market in telecomindustry are KOEL Green, Generac Power Systems Inc., Caterpillar, HIMOINSA,Aggreko, JAKSON, MAHINDRA POWEROL, AGCO Power, Kohler Co., Greaves CottonLimited, Multiquip Inc., AKSA POWER GENERATION, and Cummins Inc.
