Growing Penetration across Rural Regions in Developing Nations to Propel Market Growth
The global telecom industry has witnessed exponential growth over the past couple of decades due to a range of factors. Players operating in the current telecommunication sector around the world are increasingly focusing on catering to one of the biggest obstacles in the telecom tower sector i.e. unreliable electrical grid supply. In addition, the increasing frequency of electrical grid outages in most developing nations has, thereby accelerated innovations and large-scale development in the modern telecom sector. At present, telecom tower operators primarily use diesel generators as a power management solution due to which, the diesel generator market in telecom sector is expected to witness considerable progress in the forthcoming years.
As the telecom sector continues to expand at a rapid pace worldwide, with it, the diesel generator market in telecom sector is expected to grow at a steady pace. The market growth is primarily driven by the growing adoption across developing nations, including India, China, Brazil, and Indonesia. While other alternative power management solutions such as batteries are gradually gaining popularity, low operating costs and modest initial investment costs of diesel generators continue to drive the demand in underdeveloped and developing regions of the world.
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Government initiatives and projects are expected to play an important role in augmenting the demand for diesel generators in the telecom sector, especially in India and China– the two prominent markets for players operating in the current market landscape. While the demand is expected to grow at an impressive pace in the upcoming years, the mounting environmental concerns and growing emphasis on sustainability across the telecom sector could hinder the growth of the diesel generator market in telecom sector in the second half of the forecast period.
At the back of these factors, the global diesel generator market in telecom sector is expected to reach a value of US$ 1.4 Bn by the end of 2030.
Rise of Green Telecom Towers May Hinder Market Growth
Over the past decade, the augmenting interest in renewable energy has led to considerable developments across the global telecom sector. In addition, fast-paced advancements in the renewable energy space could potentially replace diesel generators in the telecom sector over the upcoming decades, as stricter laws and regulations are formulated. Renewable energy sources have emerged as a popular off-grid mobile base station choice and as this trend gains further momentum, the diesel generator market in telecom sector could witness a slower growth rate toward the latter stages of the forecast period.
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In the current scenario, the adoption of diesel generators is expected to outpace that of renewable energy sources due to lower costs and required reliability. In addition, the growth of the diesel generator market in telecom sector will continue to gain momentum in the upcoming years, due to rising telephony subscriptions worldwide, especially in developing regions. In addition, the growing deployment of telecom towers in rural regions of both developed and developing regions is another factor that is expected to drive the diesel generator market in telecom sector during the forecast period. However, the advent of a robust off-grid technology, low PV prices, and high availability of Energy Service Companies is expected to gradually tilt the pendulum toward renewable energy across the global telecom sector. In addition, dwindling solar PV prices are another factor that is projected to cut-short the growth of the global diesel generator market in telecom sector during the assessment period.
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Market Growth to Decline in 2024 amid COVID-19 Pandemic
The global diesel generator market in telecom sector could witness slow growth in 2024 due to the outbreak of the novel COVID-19 pandemic. As governments across the world were highly focused on containing the transmission of the novel coronavirus by imposing stringent lockdown measures and restrictions on cross-border trade and transportation during the second quarter of 2024, the demand for diesel generators across the telecom sector remained steady and lower than initial projections. However, as lockdown restrictions in several nations are gradually being lifted, delayed or stalled projects across the diesel generator market in telecom sector are anticipated to resume due to which, the adoption is likely to increase.
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