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The battery market in the telecommunication industry size is estimated to grow at a CAGR of 15.76% between 2023 and 2028. The market size is forecast to increase by USD 9,242.16 million. The growth of the market depends on several factors such as the increase in power consumption, the rising focus on green telecom towers, and the rise in data usage.
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A key factor shaping the battery market in telecommunication industry growth is the declining Li-ion battery prices. There has been a significant demand for Li-ion batteries across the world. The main factor differentiating Li-ion batteries and lead-acid batteries is the price. Even though the cost of Li-ion batteries is more than that of lead-acid batteries, several Li-ion battery manufacturers are working on technological advances and are trying to reduce their prices.
Moreover, Tesla, a US-based energy storage and automotive company, stated that it would bring down the cost of Li-ion batteries to USD200-USD300 per kWh after the commissioning of the Tesla Gigafactory. Furthermore, the company announced its goal to reduce the price to USD100/kWh by 2020. Hence, such factors are positively impacting the market which in turn drives the market growth during the forecast period.
The low segment is estimated to witness significant growth during the forecast period. The low-capacity batteries can be referred to as rechargeable batteries that have a lower amount of charge than they can deliver at the rated voltage. In addition, this segment is typically used in devices that do not need a lot of energy, such as phones, laptops, or power banks. Furthermore, the Increasing demand for portable electronics such as smartphones, tablets, Bluetooth earphones, and other wearable devices, including fitness bands and smartwatches, will fuel the growth of the segment.
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The increasing population across the world, coupled with the increasing initiatives to boost rural infrastructural projects, will fuel the demand for the low-capacity segment. In addition, the increased rate of infrastructure and the growth in the telecommunication industry will accelerate the growth of the low-capacity segment and, in turn, the global battery market in the telecommunication industry during the forecast industry. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
One of the main factors which are significantly contributing to the market growth in APAC is 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. In addition, it is expected around 170 million people will subscribe to 5G services in the country. Furthermore, there is a significant penetration of 4G services in countries such as Australia, Japan, and South Korea. Such developments are due to mobile carriers investing in developing 4G infrastructure. Hence, such factors drive the market growth in APAC during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global battery market in the telecommunication industry witnessed a significant slowdown due to the decline in telecom sales which in turn led to a decline in the demand for batteries in the telecommunication industry. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations by battery manufacturers. Such factors are expected to drive the market during the forecast period.
(Add Brief COVID Recovery on the Industry)
One of the key factors driving the battery market in telecommunication industry growth is the rising focus on green telecom towers. Several telecom tower operators in North America (especially in the US) and Asia are under tremendous pressure to minimize their carbon footprint or GHG emissions. As a result, manufacturers are expanding their product portfolio with green telecom power systems.
Moreover, telecom operators started investing in alternative green power systems to reduce operational costs and related pollution. As a result, there is a growing demand for clean energy in the telecom sector, investments, and funding for the R&D of batteries. Hence, such factors are positively impacting the market which in turn drives the market growth during the forecast period.
The decline in diesel prices is one of the key challenges hindering the battery market in telecommunication industry growth. One of the main factors for the adoption of battery systems in telecom towers is to lessen the cost and reliance on diesel. In addition, with the decline in diesel cost, the value proposition for substituting to new power systems decreases, in turn, increasing the payback period.
Moreover, the oil and gas industry has been experiencing a rapid drop in crude oil prices since 2014. Therefore, 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. Thus, it fuels the use of diesel in the telecom industry, which, in turn, is hindering the growth of the global battery market in telecommunication industry growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Battery Market in Telecommunication Industry Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amara Raja Batteries Ltd: The company offers battery for telecommunications such as AMARON SLEEK and AMARON VOLT which have Advanced AGM separator offering a longer service life and enhanced high rate discharge performance.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The battery market in telecommunication industry report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Battery Market In Telecommunication Industry Scope |
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Report Coverage |
Details |
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Page number |
167 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.76% |
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Market growth 2024-2028 |
USD 9,242.16 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
13.37 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 52% |
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Key countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Batteries Ltd., C and D Technologies Inc., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa International Ltd., HBL Power Systems Ltd., Kabra Extrusiontechnik Ltd., Leoch International Technology Ltd., LG Electronics Inc., Panasonic Holdings Corp., Star Battery Ltd., Victron Energy BV, and Zhejiang Narada Power Source Co. Ltd. |
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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 forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Capacity
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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