Telecommunications Network Provider Spending on Distributed Generation and Energy Storage Systems Is Expected to Total $31.1 Billion from 2015 to 2024
A recent 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.As telecommunications have expanded to connect people and products around the globe, power requirements for keeping systems up and running have grown alongside. DG and ES solutions are becoming major tools for network providers to reduce energy costs and insulate operations from grid unreliability. Click to tweet: According to a recent report from Navigant Research, telecommunications network providers are expected to spend more than $31 billion from 2015 through 2024 on DG and ES systems.
“Ever since the introduction of the first mobile and data networks three decades ago, the telecommunications industry has been in a constant state of change,” says Richelle Elberg, principal research analyst with Navigant Research. “This has in turn led to astounding new capabilities for people to stay connected and communicate with each other, and ensures the reliability of these lines of communication is of the utmost importance for network providers.”
The use of solar photovoltaics (PV) in the telecommunications industry has mirrored the growth of solar PV in society at large and is now a common feature on remote telecom assets, according to the report. This correlation is spurring companies to develop new business models that make hybrid systems incorporating distributed renewables for remote telecommunications deployments more attractive.
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.