Global Generator Market for Telecom Sector 2016-2020
Generators are devices that convert mechanical energy into electric energy. The source of mechanical energy can vary from an internal combustion engine, hand crank, compressed air, to a reciprocating steam engine. Internal combustion engines use diesel, gasoline, propane gas, and natural gas to produce mechanical energy; this energy is converted into electric energy with the help of gensets.
Technavio’s analysts forecast the global generator market for telecom sector to grow at a CAGR of 2.13% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global generator market for telecom sector for 2016-2020. To calculate the market size, the report considers the the average cost per generator in different regions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Generator Market for Telecom Sector 2016-2020
Technavio recognizes the following companies as the key players in the global generator market for telecom sector: Caterpillar, Cummins, Generac Power Systems, HIMOINSA, Kohler, and MTU Onsite Energy.
Other Prominent Vendors in the market are: GE Energy, FG Wilson, Kirloskar Oil Engines, Mitsubishi Heavy Industries, Pramac, and Yanmar.
Commenting on the report, an analyst from Technavio’s team said: “Diesel as a fuel type dominates the overall generator market in the telecom sector. For several decades, generators, especially those used in the telecom sector, have been choosing diesel as the most preferred fuel type, due to its lower cost and easy availability. However, there is a growing trend toward the use of natural gas and other environment-friendly, non-diesel alternative fuel sources. However, diesel will continue to lead the fuel type segment for many years to come. Diesel generators will account for about 85%-90% of the market by the end of 2020.”
According to the report, one of the key drivers for market growth will be power blackouts due to natural disasters and grid failures. Repeated power outages caused by catastrophic natural events or faults in electric networks increase the need for supplementary power sources. Communication services powered by telecom infrastructure require an uninterrupted power supply to provide efficient and seamless services during critical situations. Several telecom operators are increasingly relying on standby generators as their auxiliary power source, owing to the frequency of power outages.
Further, the report states that the evolution of renewable energy in terms of its reliability and technology has improved its feasibility as an energy solution in the telecom sector. These developments are posing a challenge to two most important factors — price and reliability — with regard to the preference for diesel generators in remote off-grid base stations in the telecom industry.
Caterpillar, Cummins, Generac Power Systems, HIMOINSA, Kohler, MTU Onsite Energy, GE Energy, FG Wilson, Kirloskar Oil Engines, Mitsubishi Heavy Industries, Pramac, and Yanmar.