Telecommunications Battery Market | Rising Power Consumption in the Telecommunications Sector to Boost Market Growth
The global telecommunications battery market size is poised to grow by USD 217.85 mn during 2020-2024, progressing at a CAGR of 9% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Telecommunications Battery Market in Latin America 2020-2024 (Graphic: Business Wire)
Population growth and urbanization are the key drivers for the rising power consumption in the telecommunications sector in Latin America. Rising power consumption in Latin America is significantly driving the demand for off-grid energy storage systems, as off-grid energy storage systems reduce transmission and distribution losses and increase the efficiency of power plants. This in turn, makes the power distribution more flexible and efficient in order to meet the rising demands.
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The major telecommunications battery market growth is expected to come from the lead-acid battery segment due to the to the surge in the number of telecom towers in the Latin American region.
The global telecommunications battery market is fragmented. Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, C&D Technologies Inc., East Penn Manufacturing Co. Inc., EnerSys, Exide Technologies, GS Yuasa International Ltd., LG Chem Ltd., Panasonic Corp., Power Sonic Corp., and Total SA. are some of the major market participants. To help clients improve their market position, this telecommunications battery market forecast report provides a detailed analysis of the