Transparency Market Research delivers key insights on the global generator (up to 100 kVA) market in telecom industry. In terms of revenue, the global generator (up to 100 kVA) market in telecom industry is estimated to expand at a CAGR of 4.6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global generator (up to 100 kVA) market in telecom industry.
The global generator (up to 100 kVA) market in telecom industry is broadly affected by several factors, including expansion of telecom network in remote areas and rise in incidence of power outages.
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Generator (Up to 100 kVA) Market in Telecom Industry: Dynamics
The rise in young population has boosted the demand for radio and mobile communications significantly across the world due to the advent of mobile telephony. This has propelled the demand for large-scale worldwide network of telecom towers, from cities to remote areas. In India, telecom penetration or teledensity has grown rapidly over the past few years. The overall teledensity in India increased from 86.38% at the end of December 2020 to 87.01% at the end of January 2021. The rise in teledensity increases the number of telecom towers for proper functioning of the telecom network.
The increase in subscriber base and teledensity, especially in rural areas, is a major factor that encourages investment in the development of telecom infrastructure. In India, 70% of the population stays in rural areas. The rural telecom penetration is rapidly increasing. This is projected to be a key factor driving the generator market in telecom industry over the next few years.
According to GSMA analysis and estimates, Sub-Saharan Africa had more than 240,000 towers in 2014 across countries providing mobile coverage to 70% of the region’s population. The size of the tower portfolio in Sub-Saharan Africa grew to more than 325,000 towers in 2020.
Remote areas have limited or no access to grid-connected electricity. These areas are dependent on secondary sources of power such as generator sets. Hence, lack of availability of grid connection to telecom tower sites is anticipated to boost the demand for generators during the forecast period.
The coronavirus pandemic has brought in significant changes in the world, with network connectivity acting as a key for business continuity. Telecoms are continuously adapting to the changes caused due to the COVID-19 crisis. Being the distributor of Internet infrastructure to other industry verticals, telecom operators have made several amendments in their operations and offerings to serve their customers in a better way. However, the demand for a reliable backup power source has increased in the healthcare segment, owing to the ongoing pandemic. This has led to the inclusion of generators in critical services. Hence, the supply chain of generators has not been affected adversely during the pandemic.
In terms of application, the standby segment dominated the global generator (up to 100 kVA) market in telecom industry in 2020. The segment is anticipated to expand at a CAGR of 4.7% between 2021 and 2031.
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Generator (Up to 100 kVA) Market in Telecom Industry: Prominent Regions
Asia Pacific dominated the global generator (up to 100 kVA) market in telecom industry with 28.21% share in 2020. Its dominance is anticipated to continue during the forecast period. The region is expected to capture 30% share by 2031. It is projected to create an incremental opportunity of US$ 275.90 Mn by 2031. This trend is likely to continue during the forecast period, due to rapid infrastructure development, growth in urbanization, and increase in purchasing power of end users in the region.
North America is estimated to be the next attractive region of the global generator (up to 100 kVA) market in telecom industry during the forecast period. The region held 21.44% share in 2020. The introduction of plans to deploy 5G network is anticipated to boost the demand for telecom towers in North America. For instance, the Government of Canada introduced a plan to deploy 5G in 2020. Around 24% of connections in North America are anticipated to be on 5G network by the end of 2022. This percentage is likely to rise to 46% by 2025, equivalent to 200 million 5G connections.
Generator (Up to 100 kVA) Market in Telecom Industry: Key Players
Major players operating in the global generator (up to 100 kVA) market in telecom industry are KOEL Green, Generac Power Systems Inc., Caterpillar, HIMOINSA, Aggreko, JAKSON, MAHINDRA POWEROL, AGCO Power, Kohler Co., Greaves Cotton Limited, Multiquip Inc., AKSA POWER GENERATION, and Cummins Inc.
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