About this market
The declining li-ion battery prices to trend in the market. The global li-ion battery market has been gaining impetus and growing rapidly. Li-ion battery manufacturers are working on technologies and are trying to reduce its price. Technavio’s analysts have predicted that the battery market in telecommunication industry will register a CAGR of more than 9% by 2022.
Increase in power consumption
The increasing need for cheap flights and the growing air traffic will result in a rise in demand for low-cost carriers. Moreover, the growing international tourism and domestic travel will also drive the demand for low-cost carriers in the coming years. Major low-cost carriers such as Indigo and SpiceJet have already announced plans to expand their aircraft fleet.
Economics of fuel cell solutions for telecom towers
Telecom batteries are employed in remote areas where the operations extend for approximately more than four hours in a day and with an extended power outage. These batteries need to be charged or replaced more than once in a day, which increases the complexity.
For the detailed list of factors that will drive and challenge the growth of the battery market in telecommunication industry during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including East Penn Manufacturing and EnerSys the competitive environment is quite intense. Factors such as the increase in power consumption and declining li-ion battery prices, will provide considerable growth opportunities to battery market in telecommunication industry manufactures. East Penn Manufacturing, EnerSys, Exide Technologies, HOPPECKE Batteries, LG Chem, and Saftare some of the major companies covered in this report.
‘With the presence of a considerable number of companies, this market appears to be fragmented. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’
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