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The Latin America - Telecommunications Battery Market size is estimated to grow at a CAGR of 8.31% between 2023 and 2028. The market size is forecast to increase by USD 190.36 million. The growth of the market depends on several factors such as rising power consumption in the telecommunications sector, increasing focus on renewable energy generation, and rise in data usage.
This Latin America Telecommunications Battery Market report extensively covers market segmentation by product (lead-acid battery, li-ion battery, and others) and capacity (low, medium, and high). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing focus on renewable energy generation is notably driving the market growth. The continuous rise in global energy demand, clean energy initiatives, and subsidies for power generation using sustainable sources are promoting the use of renewable energy sources, such as solar and wind. Moreover, certain major Latin American countries, such as Brazil, Nicaragua, Uruguay, Costa Rica, Mexico, and Chile, are some of the world's highest users of renewable energy. In fact, Latin America generates more than half of its energy from renewable resources. In addition, several countries have introduced benefits, such as incentives, feed-in tariffs, and tax credits, to boost the installation of renewables.
Moreover, telecom companies in Latin America are likely to adopt solar panels on telecom towers to maintain energy sufficiency, which is likely to drive the demand for Li-ion batteries as efficient storage solutions which results in the Latin America - telecommunications battery market expansion. Therefore, the increasing focus on renewable energy generation is expected to drive the growth of the market during the forecast period.
High operating costs of telecom towers are an emerging trend shaping the market growth. Energy costs involved in diesel generators account for around one-third of the overall operating expenditure (OPEX) in telecom towers. The usual operational expenditure incurred on grid-based telecom towers could be two-fifths lower than that on diesel-based generator sets. Battery maintenance in telecom towers located in remote areas is quite challenging, as these towers require continuous monitoring. The high operating costs in telecom towers are expected to pose a major hindrance to the growth of the Latin America - telecommunications battery market. Thus, original equipment manufacturers (OEMs) of batteries for the market need to come up with highly efficient batteries that can minimize maintenance costs and OPEX.
However, the installation of high-efficiency batteries, such as Li-ion and lead-acid batteries, has advantages in terms of the power-weight-volume ratio. Also, it gives batteries a long lifespan. Therefore, the switch to batteries for critical power supply is driving the growth of the market during the forecast period.
The declining costs of lithium-ion batteries are a significant challenge hindering market growth. Lead-acid batteries are preferred to lithium-ion batteries mainly because of their low cost. In addition, lead-acid batteries can provide a high burst of instantaneous power that is required for cranking applications. However, lithium-ion batteries offer several advantages over lead-acid batteries. Lithium-ion batteries can offer superior performance, owing to their advantages, such as higher current density, longer power-holding capacity, and longer shelf life, when compared with lead-acid batteries.
Consequently, they are witnessing higher preference in the telecommunications sector. Therefore, the reduced cost of lithium-ion batteries is expected to hamper the profitability of vendors, which will, subsequently, have a negative impact on the Latin America - telecommunications battery market. Such factors are expected to hinder the market 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.
Latin America Telecommunications Battery Market 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.
Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - The company offers telecommunications batteries such as grid Xtreme VR, grid power FNC, and grid Xtreme VR green series.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 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 lead-acid battery segment is estimated to witness significant growth during the forecast period. A lead-acid battery is composed of a sponge metallic lead anode, a lead-dioxide cathode, and a solution of sulfuric acid as an electrolyte. A lead-acid battery is predominantly used as a power source in telecommunication applications. The low discharge rate, large electrolyte reserves, resistance to corrosion, and rechargeable properties are some of the characteristics of lead-acid batteries that result in their widespread use in the telecommunications sector.
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The lead-acid battery segment was the largest segment and was valued at USD 235.15 million in 2018. The Latin America - telecommunications lead-acid battery market is expected to witness significant growth owing to the surge in the number of telecom towers in the region. Innovations such as adding carbon value to lead-acid batteries help in increasing their efficiency and overcoming technical drawbacks associated with slow charging, short lifecycle, and maintenance requirements. However, these batteries offer lower energy density than Li-ion batteries. Moreover, a significant number of telecom tower installations in Latin America have been utilizing lead-acid batteries for many years. Technological advances in terms of increased lifecycle, discharge performance, charge acceptance, and reduced costs are driving the growth of lead-acid battery installations in the Latin American telecommunication industry thus driving the growth of the market in focus during the forecast period.
The Latin America Telecommunications Battery Market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Latin America Telecommunications Battery MarketScope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.31% |
Market Growth 2024-2028 |
USD 190.36 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.85 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, BYD Co. Ltd., C and D Technologies Inc., East Penn Manufacturing Co. Inc., EnerSys, ETERNITY TECHNOLOGIES FZ LLC, Exide Technologies, GS Yuasa International Ltd., Hitachi Ltd., Leoch International Technology Ltd., LG Chem Ltd., Panasonic Holdings Corp., Polarium Energy Solutions AB, Power Sonic Corp., Resonac Holdings Corp., Samsung SDI Co. Ltd., Shandong Sacred Sun Power Sources Co. Ltd., TotalEnergies SE, Victron Energy BV, 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 |
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 Product
7 Market Segmentation by Capacity
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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