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Battery Market in Telecommunication Industry by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 145
  • SKU: IRTNTR40132
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The battery market’s growth momentum in the telecommunication industry will accelerate at a CAGR of 13.45% and the market share will increase by USD 5.95 billion from 2021 to 2026.

This battery market in telecommunication industry research report extensively covers battery market segmentation in telecommunication industry by:

  • Product - Lead-acid battery, Li-ion battery, and Others
  • Geography - APAC, North America, Europe, Middle East and Africa, and South America

The battery market in telecommunication industry vendors are - Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Group, Battrix Ltd., C and D Technologies Inc., Eagle Eye Power Solutions LLC, East Penn Manufacturing Co. Inc., EnerSys, ETERNITY TECHNOLOGIES FZ LLC, Exide Industries Ltd., GAZ Gerate und Akkumulatorenwerk Zwickau GmbH, GS Yuasa Corp., HBL Power Systems Ltd., Kung Long Batteries Industrial Co. Ltd., Leoch International Technology Ltd., LG Corp., MIDAC SpA, Panasonic Corp., Polarium Energy Solutions AB, Samsung SDI Co. Ltd., Star Battery Ltd., TotalEnergies SE, and Zhejiang Narada Power Source Co. Ltd. among others.

What will the Battery Market Size in Telecommunication Industry be During the Forecast Period?

Download the Free Report Sample to Unlock the Battery Market Size in Telecommunication Industry for the Forecast Period and Other Important Statistics

 

Battery Market in Telecommunication Industry: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in power consumption is notably driving the battery market growth in telecommunication industry, although factors such as decline in diesel prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the battery industry in telecommunication industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Battery Market Driver in Telecommunication Industry

One of the key factors driving growth in the battery market in telecommunication industry is the increase in power consumption. The rise in power consumption has led to outages and heavy loads during peak hours in many countries. Increasing population and rapid urbanization have driven power consumption worldwide. Consequently, growing power consumption becomes one of the major drivers for the global off-grid energy storage system market. Owing to the rising population trend, we expect an increased demand for microgrid installations. The growing population and rapid advances in technology have resulted in increased mobile and smartphone penetration globally. The growth in rural communication technologies helps in improving the economy of a region in many ways. This will increase the demand for microgrids, uninterruptible power supply (UPS) systems, and battery backup systems for telecom installations and, in turn, drive the market growth.

Key Battery Market Trend in Telecommunication Industry

The declining Li-ion battery prices is a battery market in telecommunication industry trend that is expected to have a positive impact in the coming years. Currently, the cost of Li-ion batteries is more than that of lead-acid batteries. However, Li-ion battery manufacturers are working on technological advances and are trying to reduce their prices. Over the past decade, the prices of Li-ion batteries dropped by nearly 80%. Companies are enhancing Li-ion batteries, which will lead to year-over-year cost reduction. The prices of batteries are expected to reduce further during the forecast period. Due to the factors mentioned above, there has been an increase in the use of Li-ion batteries. Also, companies are developing Li-ion batteries for industrial applications and telecom towers. This will exponentially maintain the demand for Li-ion batteries in the global battery market in telecommunication industry.     

Key Battery Market Challenge in Telecommunication Industry

The decline in diesel prices will be a major challenge for the global battery market in telecommunication industry during the forecast period. One of the main reasons for the adoption of battery systems in telecom towers is to lessen the cost and dependency on diesel. Since 2012, a continuous and year-over-year decline has been witnessed in diesel prices, which is having a negative impact on the growth of the global battery market. With the decline in diesel cost, the value proposition for substituting to new power systems decreases, which, in turn, increases the payback period. With the fuels getting cheaper day by day, the cost of operating a diesel generator-powered telecom tower is becoming equivalent to that of a battery-powered telecom tower. Hence, there has been an increase in the use of diesel in the telecom industry, which, in turn, is hindering the growth of the global battery market in telecommunication industry.

This battery market in telecommunication industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global battery market in telecommunication industry as a part of the global renewable electricity market within the global independent power and renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the battery market in telecommunication industry during the forecast period.

Who are the Major Battery Market Vendors in Telecommunication Industry?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH
  • Amara Raja Group
  • Battrix Ltd.
  • C and D Technologies Inc.
  • Eagle Eye Power Solutions LLC
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • ETERNITY TECHNOLOGIES FZ LLC
  • Exide Industries Ltd.
  • GAZ Gerate und Akkumulatorenwerk Zwickau GmbH
  • GS Yuasa Corp.
  • HBL Power Systems Ltd.
  • Kung Long Batteries Industrial Co. Ltd.
  • Leoch International Technology Ltd.
  • LG Corp.
  • MIDAC SpA
  • Panasonic Corp.
  • Polarium Energy Solutions AB
  • Samsung SDI Co. Ltd.
  • Star Battery Ltd.
  • TotalEnergies SE
  • Zhejiang Narada Power Source Co. Ltd.

 

This statistical study of the battery market in telecommunication industry encompasses successful business strategies deployed by the key vendors. The battery market in telecommunication industry is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH is a privately held company headquartered in Germany. It is a global company, with limited information regarding its financials and has around 2,000 employees. Its revenue from the global battery market in telecommunication industry contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - The company offers batteries in telecommunication industry such as net power. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The battery market in telecommunication industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Battery Market in Telecommunication Industry Value Chain Analysis

Our report provides extensive information on the value chain analysis for the battery market in telecommunication industry, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Battery Market in Telecommunication Industry?

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52% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for batteries in the telecommunication industry in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increase in the number of low-cost smartphones available in China and India, and an increase in the number of subscribers for telecom providers will facilitate the battery market growth in telecommunication industry in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the regional market witnessed a significant decline in revenue, owing to the outbreak of the COVID-19 pandemic. In addition, telecom sales dropped, which led to a decline in the demand for batteries in the telecommunication industry. However, in the last quarter of 2020, many countries in APAC lifted the restrictions on various businesses. The vendors were then able to resume their routine operations by adhering to the COVID-19 guidelines. 

What are the Revenue-generating Product Segments in the Battery Market in Telecommunication Industry?

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The battery market share growth in telecommunication industry by the lead-acid battery segment will be significant during the forecast period. The global lead-acid battery market in telecommunication industry will grow at a moderate rate during the forecast period due to the upsurge in the number of telecom towers worldwide, as lead-acid batteries are primarily used in the energy storage markets. Innovations such as adding carbon value to lead-acid batteries help in increasing the efficiency and overcoming technical drawbacks associated with slow charging, short lifecycle, and maintenance requirements. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the battery market size in telecommunication industry and actionable market insights on post COVID-19 impact on each segment.

 

Battery Market Scope in Telecommunication Industry

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 13.45%

Market growth 2022-2026

$ 5.95 billion

Market structure

Fragmented

YoY growth (%)

11.29

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 52%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Group, Battrix Ltd., C and D Technologies Inc., Eagle Eye Power Solutions LLC, East Penn Manufacturing Co. Inc., EnerSys, ETERNITY TECHNOLOGIES FZ LLC, Exide Industries Ltd., GAZ Gerate und Akkumulatorenwerk Zwickau GmbH, GS Yuasa Corp., HBL Power Systems Ltd., Kung Long Batteries Industrial Co. Ltd., Leoch International Technology Ltd., LG Corp., MIDAC SpA, Panasonic Corp., Polarium Energy Solutions AB, Samsung SDI Co. Ltd., Star Battery Ltd., TotalEnergies SE, and Zhejiang Narada Power Source Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Battery Market in Telecommunication Industry Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive battery market growth in telecommunication industry during the next five years
  • Precise estimation of the battery market size in telecommunication industry and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the battery industry in telecommunication industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of battery vendors in telecommunication industry

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Lead-acid battery - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Lead-acid battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Lead-acid battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Lead-acid battery - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Lead-acid battery - Year-over-year growth 2021-2026 (%)
    • 5.4 Li-ion battery - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Li-ion battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Li-ion battery - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Li-ion battery - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Li-ion battery - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH
              • Exhibit 89: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Overview
              • Exhibit 90: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Product / Service
              • Exhibit 91: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Key offerings
            • 10.4 Amara Raja Group
              • Exhibit 92: Amara Raja Group - Overview
              • Exhibit 93: Amara Raja Group - Business segments
              • Exhibit 94: Amara Raja Group - Key offerings
              • Exhibit 95: Amara Raja Group - Segment focus
            • 10.5 C and D Technologies Inc.
              • Exhibit 96: C and D Technologies Inc. - Overview
              • Exhibit 97: C and D Technologies Inc. - Product / Service
              • Exhibit 98: C and D Technologies Inc. - Key offerings
            • 10.6 East Penn Manufacturing Co. Inc.
              • Exhibit 99: East Penn Manufacturing Co. Inc. - Overview
              • Exhibit 100: East Penn Manufacturing Co. Inc. - Product / Service
              • Exhibit 101: East Penn Manufacturing Co. Inc. - Key news
              • Exhibit 102: East Penn Manufacturing Co. Inc. - Key offerings
            • 10.7 EnerSys
              • Exhibit 103: EnerSys - Overview
              • Exhibit 104: EnerSys - Business segments
              • Exhibit 105: EnerSys - Key news
              • Exhibit 106: EnerSys - Key offerings
              • Exhibit 107: EnerSys - Segment focus
            • 10.8 Exide Industries Ltd.
              • Exhibit 108: Exide Industries Ltd. - Overview
              • Exhibit 109: Exide Industries Ltd. - Business segments
              • Exhibit 110: Exide Industries Ltd. - Key offerings
              • Exhibit 111: Exide Industries Ltd. - Segment focus
            • 10.9 GS Yuasa Corp.
              • Exhibit 112: GS Yuasa Corp. - Overview
              • Exhibit 113: GS Yuasa Corp. - Business segments
              • Exhibit 114: GS Yuasa Corp. - Key news
              • Exhibit 115: GS Yuasa Corp. - Key offerings
              • Exhibit 116: GS Yuasa Corp. - Segment focus
            • 10.10 Leoch International Technology Ltd.
              • Exhibit 117: Leoch International Technology Ltd. - Overview
              • Exhibit 118: Leoch International Technology Ltd. - Business segments
              • Exhibit 119: Leoch International Technology Ltd. - Key offerings
              • Exhibit 120: Leoch International Technology Ltd. - Segment focus
            • 10.11 Panasonic Corp.
              • Exhibit 121: Panasonic Corp. - Overview
              • Exhibit 122: Panasonic Corp. - Business segments
              • Exhibit 123: Panasonic Corp. - Key offerings
              • Exhibit 124: Panasonic Corp. - Segment focus
            • 10.12 TotalEnergies SE
              • Exhibit 125: TotalEnergies SE - Overview
              • Exhibit 126: TotalEnergies SE - Business segments
              • Exhibit 127: TotalEnergies SE - Key news
              • Exhibit 128: TotalEnergies SE - Key offerings
              • Exhibit 129: TotalEnergies SE - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 130: Inclusions checklist
                • Exhibit 131: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 132: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 133: Research methodology
                • Exhibit 134: Validation techniques employed for market sizing
                • Exhibit 135: Information sources
              • 11.5 List of abbreviations
                • Exhibit 136: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The battery market in telecommunication industry market growth will increase by $5959.54 million during 2022-2026.
              The battery market in telecommunication industry market is expected to grow at a CAGR of 13.45% during 2022-2026.
              Technavio has segmented the battery market in telecommunication industry market by product (Lead-acid battery, Li-ion battery, and Others) and geographic (APAC, North America, Europe, Middle East and Africa, South America, APAC, North America, Europe, MEA, and South America).
              Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Group, Battrix Ltd., C and D Technologies Inc., Eagle Eye Power Solutions LLC, East Penn Manufacturing Co. Inc., EnerSys, ETERNITY TECHNOLOGIES FZ LLC, Exide Industries Ltd., GAZ Gerate und Akkumulatorenwerk Zwickau GmbH, GS Yuasa Corp., HBL Power Systems Ltd., Kung Long Batteries Industrial Co. Ltd., Leoch International Technology Ltd., LG Corp., MIDAC SpA, Panasonic Corp., Polarium Energy Solutions AB, Samsung SDI Co. Ltd., Star Battery Ltd., TotalEnergies SE, Zhejiang Narada Power Source Co. Ltd. are a few of the key vendors in the battery market in telecommunication industry market.
              APAC will register the highest growth rate of 51.84% among the other regions. Therefore, the battery market in telecommunication industry market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the battery market in telecommunication industry market growth are:
              • Increase in power consumption
              • Declining Li-ion battery prices
              The battery market in telecommunication industry market vendors should focus on grabbing business opportunities from the lead-acid battery segment as it accounted for the largest market share in the base year.
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