Global Battery market for Energy Storage in Telecom Sector 2015-2019
About Battery Market for Energy Storage in Telecom Sector
The global telecom sector has grown significantly in the last 5-10 years. Wired telecom infrastructure has witnessed a revolution with the entry of cellular systems. Technological advances have made it essential for telecommunication networks to have a continuous supply of power in order to function effectively. Uninterrupted power supply can be achieved through grid or diesel generator sets. However, growing concerns about environmental and climate change issues have fueled the need for telecom towers that utilize clean energy. Renewable power sources such as solar and wind are used to power these towers. In case of grid failure, batteries are used to provide backup as standby power to telecom towers.
Technavio’s analysts forecast the global battery market for energy storage in the telecom sector to grow at a CAGR of 10.5% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global battery market for energy storage in the telecom sector for 2015-2019. To calculate the market size, the report considers the overall battery storage for telecom towers based on different battery technologies.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Battery Market for Energy Storage in Telecom Sector 2015-2019
Technavio recognizes the following companies as the key players in the Global Battery Market for Energy Storage in Telecom Sector: East Penn, Eaton, EnerSys, and Exide.
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
Commenting on the report, an analyst from Technavio’s team said: “The need for reducing maintenance and fuel costs of generators has driven manufacturers to opt batteries for power storage. Telecom operators are replacing diesel generators with batteries to achieve economies of scale. In order to ensure effective supply of batteries, telecom operators are establishing contracts with battery suppliers. The contracts ensure battery supply at lower cost and on time.”
According to the report, the rise in telecom subscriptions worldwide has led to increased number of telecom tower installations. This has led to rising consumption of diesel. An overall estimate of 80% telecom towers operate on diesel generators, thus resulting in high-energy costs. Therefore, using batteries in place of diesel generators help operators reduce costs related to fuel transport and generator maintenance.
Further, the report states that growing consumption of lead-acid batteries for large ESS has resulted in formation of deposits on negative electrodes. This will hinder the performance of ESS.
East Penn, Eaton, EnerSys, Exide, ACME, Sacred Sun, Trojan Battery, and Victron Energy, FIAMM Energy Storage, GS Yuasa, HOPPECKE Batterien, LG, NorthStar, Saft, Samsung SDI