Diesel
Generator Market in Telecom industry: Introduction
In terms of
value, the global diesel generator
market in telecom industry is expected to reach US$
1.4 Bn by 2030, expanding at a CAGR of ~4% during
the forecast period. Based on volume, the global diesel generator market in
telecom industry is estimated to reach 333,579 units
by 2030, expanding at a CAGR of ~4% during
the forecast period. Based on type, the stationary generator segment
constituted major share of 68.60% of the
global diesel generator market in the telecom industry in 2019. The segment is
projected to expand at a CAGR of 4.53% from 2020
to 2030.
In terms of
power rating, the below 100 kVA dominated
the global diesel generator market in telecom industry in 2018. This trend is
anticipated to continue in the global diesel generator market in telecom
industry during the forecast period. The segment constituted 65.65% share
of the global diesel generator market in telecom industry in 2019. Its share is
expected to reach 67.30% by 2030.
The rise in demand for uninterrupted & reliable power in the telecom towers
during power outage is anticipated to boost the below 100 kVA segment.
In terms of
application, the standby segment held dominant share of the global diesel
generator market in telecom industry in 2019. Of late, most of the countries
across the globe have been investing significantly in development of renewable
energy. Increase in adoption of renewable energy is likely to result in an
interruption in power supply, as renewable energy is an intermittent source of
energy.
Asia Pacific
dominated the global diesel generator market in the telecom industry with 23.17% share
in 2019. This trend is anticipated to continue in the global diesel generator
market in telecom industry during the forecast period. Its share is expected to
reach 26.26% by 2030 due to the increase
in number of mobile subscribers in the region.
Major Drivers of Diesel Generator
Market in Telecom industry
The expansion
of telecom network in remote areas is propelling the demand for diesel
generator in the telecom industry across the globe. The presence of young and
rapidly growing population is boosting the demand for radio and mobile
communication across the world. This has propelled the demand for large-scale
worldwide network of telecom towers, from cities to remote areas. In India,
telecom penetration or tele-density has grown rapidly over the last few years.
The tele-density in India grew from 18.23% in 2017 to 92.84% in
2018. The rise in tele-density has led to an increase in the number of telecom
towers for proper functioning of the telecom network.
The growth in
subscriber base and tele-density, especially in rural areas, is a major factor
that encourages investment in the development of telecom infrastructure. Around 70% of
the population in India lives in rural areas. Telecom penetration in rural
areas is increasing rapidly in the country. This is estimated to be a key
driver of the diesel generator market in telecom industry in the near future.
Remote areas have limited or no access to grid-connected electricity. These
areas are dependent on secondary sources of power such as generator sets. Thus,
lack of availability of grid connection to telecom tower sites is anticipated
to boost the demand for diesel generators during forecast period. In turn, this
is projected to augment the diesel generator market in telecom industry.
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Asia Pacific Offers Lucrative
Opportunities to Diesel Generator Market in Telecom industry
Asia Pacific
dominated the global diesel generator market in the telecom industry in 2019. This
trend is expected 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. The total number of unique mobile subscribers
in Asia Pacific stood at around 2.8 billion in
2018 compared to around 2.7 billion in
2017. The number of mobile Internet users in Asia Pacific has increased
significantly of late. Asia Pacific accounted for approximately 2.32
billion Internet users in 2019, with China and India
holding largest share.
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Prominent Developments in Diesel
Generator Market in Telecom industry
In April 2019, Generac Holdings Inc., acquired Pika
Energy, Inc., a manufacturer of innovative battery storage technologies that
capture and store solar or grid power for homeowners and businesses.
In November 2018, Kohler Co. introduced
a comprehensive line of high-performance batteries specifically designed
for use in residential, commercial, and industrial power generators. These new
Kohler Genuine Batteries are engineered to deliver optimal performance in
generator applications, thereby helping end users minimize the unplanned
maintenance cost associated with battery underperformance and frequent
replacement.
Competition Landscape of Diesel
Generator Market in Telecom industry
The degree of
competition is high in the global diesel generator market in telecom industry,
owing to the presence of vast numbers of large and small players. Scale of
operations, brand value, and readiness to adapt to changing market dynamics
determine the profitability and market share of companies operating in the
global diesel generator market in telecom industry. Major players operating in
the global diesel generator market in telecom industry are Cummins
Inc., Generac Holdings, Caterpillar Inc., HIMOINSA, KOEL Green, Aggreko PLC.,
Jakson, MAHINDRA POWEROL, AGCO Corporation, Kohler Co., Greaves Cotton Limited,
Multiquip Inc., and AKSA Power Generation.
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