Press release
Analysis of COVID-19 Crisis-driven Growth Opportunities in Diesel Generator Market
Diesel Generator Market
The global diesel generator market in telecom industry was valued at US$ 834.8 Mn in 2018 and is anticipated to expand at a CAGR of ~7% during the forecast period. Among power ratings, the below 100 kVA segment dominated the global diesel generator market in telecom industry in 2018. Rise in the demand for uninterrupted and reliable power supply to telecom towers during power outage is anticipated to boost the segment during the forecast period. Among types, the stationary generator segment accounted for a dominant share of the global diesel generator market in telecom industry in 2018. This can be primarily ascribed to increase in investments in the installation of telecom towers in remote areas. For instance, as per the Ministry of Communication, telecom service providers in India are planning to install 57,559 towers for mobile services in rural areas of the country in FY 2019–20. This is likely to propel the global market for diesel generator in telecom industry during the forecast period.
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Key Drivers of Diesel Generator Market in Telecom Industry
Rise in the incidence of power outages is estimated to boost the global market for diesel generator in telecom industry during the forecast period. The rate of electrification has improved across the globe over the last decade. However, the rate of incidence of power outages has also increased. Natural calamities; failure of distribution lines and transmission lines; and faults in equipment of power generation stations or substations are some of the key factors causing power outages across the world. Fluctuations in voltage and power can cause significant damage to electric equipment and machines. Hence, in order to avoid faults in telecommunication systems, the demand for diesel generator is increasing in the telecom industry.
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Major Developments in Diesel Generator Market in Telecom Industry
In June 2018, Aggreko and Wartsila entered into a cooperation agreement to introduce solutions for use in ready-to-go power plants. The partnership is anticipated to introduce a completely new concept in the power industry, which is built around the recently introduced Wartsila Modular Block solution. Modular block chains would be pre-fabricated and would comprise an expandable enclosure featuring medium-speed engines, which would run on a variety of fuels. This power generation solution would enable new business and financing models such as Power as a Service (PaaS) or power rentals.
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Competition Landscape of Diesel Generator Market in Telecom Industry
The global diesel generator market in telecom industry is highly fragmented. Various international as well local players hold a significant share of the global market. Key players operating in the global diesel generator market in telecom industry are Cummins Inc., Caterpillar Inc., Generac Holdings Inc., HIMOINSA, KOEL Green, AKSA Power Generation, Aggreko PLC, MAHINDRA POWEROL, Jakson, AGCO Corporation, Kohler Co., Multiquip Inc., and Greaves Cotton Limited.
Global Diesel Generator Market in Telecom Industry: Segmentation
Diesel Generator Market in Telecom Industry, by Type
Stationary Generator
Portable Generator
Diesel Generator Market in Telecom Industry, by Power Rating
Below 100 kVA
100 kVA – 500 kVA
Diesel Generator Market in Telecom Industry, by Application
Prime & Continuous
Standby
Peak Shaving
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