The global diesel generator market in telecom industry is expected to reach US$ 1.3 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.
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.
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.
Market Segmentation
Diesel Generator Market in Telecom industry, by Type
Diesel Generator Market in Telecom industry, by Power Rating
Diesel Generator Market in Telecom industry, by Application
Diesel Generator Market in Telecom industry, by Region
Scope of the Report
The latest study collated and published by Vision Research Reports analyzes the historical and present-day scenario of the global diesel generator market in telecom industry in order to accurately gauge its growth potential. The study presents detailed information about important drivers, restraints, and key trends that are creating a landscape for growth of the global diesel generator market in telecom industry in order to identify opportunities for market stakeholders. The report also provides insightful information about how the global diesel generator market in telecom industry would expand during the forecast period of 2020 to 2030.
The report offers intricate dynamics about different aspects of the global diesel generator market in telecom industry, which aids companies operating in the market in making strategic decisions. VRR’s study also elaborates on significant changes that are anticipated to configure growth of the diesel generator market in telecom industry during the forecast period. It also includes key indicator assessment that highlights growth prospects for the global diesel generator market in telecom industry and estimates statistics related to the market in terms of volume (units) and value (US$ Mn).
This study covers detailed segmentation of the global diesel generator market in telecom industry, along with key information and competition outlook. The report mentions company profiles of players that are currently dominating the global diesel generator market in telecom industry, wherein various developments, expansions, and winning strategies practiced by these players have been presented in detail.
Key Questions Answered
The report provides detailed information about the global diesel generator market in telecom industry on the basis of comprehensive research on various factors that are playing a key role in accelerating growth of the global market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the global market and are looking for innovative methods to create a unique benchmark in the market so as to help them design successful strategies and make target-driven decisions.
Research Methodology – Diesel Generator Market in Telecom Industry
The research methodology adopted by analysts for compiling the report on the global diesel generator market in telecom industry is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the global diesel generator market in telecom industry.
During the primary research phase, analysts have interviewed market stakeholders, investors, brand managers, vice presidents, and sales & marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global diesel generator market in telecom industry.
For secondary research, analysts have scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global diesel generator market in telecom industry.
Cross-segment Market Size and Analysis for
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