BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research analyzes the global market opportunity for distributed generation (DG) and energy storage (ES) technologies in the telecommunications industry, including global market forecasts for capacity and revenue, through 2024.
Enormous growth in mobile telecommunications around the globe, coupled with the emergence of data-intensive Internet use and new network standards, has poised the telecommunications industry for increasing amounts of power and energy services. DG and ES are two of the most vital energy technologies that can provide electricity to fuel the industry’s expansion while reducing its energy costs. Click to tweet: According to a new report from Navigant Research, global telecommunications network provider spending on DG and ES technologies is expected to reach $3.4 billion by 2024.
“In just over three decades, wireless has replaced landlines as the leading form of voice communication worldwide—but the need for additional network infrastructure will nonetheless continue to grow strongly over the next decade as mobile data usage increases by several orders of magnitude,” says Richelle Elberg, principal research analyst with Navigant Research. “Carriers are increasingly looking to DG and new ES solutions to ensure that their networks don’t go down with power outages, to reduce the cost of electricity at tower sites and, notably, to connect previously unconnected remote regions in emerging markets like India and Africa.”
In developing markets, the number of off-grid or bad grid mobile tower sites is growing markedly, according to report. In these areas, DG or microgrids combined with ES solutions are expected to increasingly power telecommunications infrastructure, with the use of newer technologies, such as solar PV, fuel cells, and lithium ion batteries, also expected to grow steadily in the market.
The report, Distributed Generation and Energy Storage in Telecom Networks, analyzes the global market for DG and ES technologies in the telecommunications industry. These technologies include reciprocating gensets (both diesel and natural gas), fuel cells, solar PV, battery-based uninterruptable power supply (UPS) systems, and complete microgrid-nanogrid solutions. Global market forecasts for capacity and revenue, segmented by technology and region, extend through 2024. The report also examines the key market issues related to DG and ES technologies, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global professional services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals deliver expert and advisory work through implementation and business process management services. The firm combines deep technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism to address clients’ needs in highly regulated industries, including Construction, Energy, Financial Services and Healthcare. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Distributed Generation and Energy Storage in Telecom Networks, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.