Telecommunications Network Provider Spending on Distributed Generation and Energy Storage Systems is Expected to Total $31.1 Billion from 2015 to 2024, According to Navigant Research
Solar technology is increasingly being used in hybrid systems for
remote telecommunications assets, report finds
A recent report from Navigant
Research analyzes the global market opportunity for distributed
generation (DG) and energy storage (ES) technologies in the
telecommunications industry, including global market forecasts for
capacity and revenue, through 2024.
As telecommunications have expanded to connect people and products
around the globe, power requirements for keeping systems up and running
have grown alongside. DG and ES solutions are becoming major tools for
network providers to reduce energy costs and insulate operations from
grid unreliability. Click
to tweet: According to a recent report from Navigant Research,
telecommunications network providers are expected to spend more than $31
billion from 2015 through 2024 on DG and ES systems.
“Ever since the introduction of the first mobile and data networks three
decades ago, the telecommunications industry has been in a constant
state of change,” says Richelle Elberg, principal research analyst with
Navigant Research. “This has in turn led to astounding new capabilities
for people to stay connected and communicate with each other, and
ensures the reliability of these lines of communication is of the utmost
importance for network providers.”
The use of solar photovoltaics (PV) in the telecommunications industry
has mirrored the growth of solar PV in society at large and is now a
common feature on remote telecom assets, according to the report. This
correlation is spurring companies to develop new business models that
make hybrid systems incorporating distributed renewables for remote
telecommunications deployments more attractive.
The report, Distributed
Generation and Energy Storage in Telecom Networks, analyzes the
global market for DG and ES technologies in the telecommunications
industry. These technologies include reciprocating gensets (both diesel
and natural gas), fuel cells, solar PV, battery-based uninterruptable
power supply (UPS) systems, and complete microgrid-nanogrid solutions.
Global market forecasts for capacity and revenue, segmented by
technology and region, extend through 2024. The report also examines the
key market issues related to DG and ES technologies, as well as the
competitive landscape. An Executive Summary of the report is available
for free download on the Navigant
Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings
sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is an independent specialized, global
professional services firm that combines deep industry knowledge with
technical expertise to enable companies to defend, protect and create
value. With a focus on industries and clients facing transformational
change and significant regulatory and legal issues, the Firm serves
clients primarily in the healthcare, energy and financial services
sectors which represent highly complex market and regulatory
environments. Professional service offerings include strategic,
financial, operational, technology, risk management, compliance,
investigative solutions, dispute resolutions services and business
process management services. The Firm provides services to companies,
legal counsel and governmental agencies. The business is organized in
four reporting segments – Disputes, Investigations & Economics;
Financial, Risk & Compliance; Healthcare; and Energy. More information
about Navigant can be found at navigant.com.
* The information contained in this press release concerning the
report, Distributed Generation and Energy Storage in Telecom Networks,
is a summary and reflects Navigant Research’s current expectations based
on market data and trend analysis. Market predictions and expectations
are inherently uncertain and actual results may differ materially from
those contained in this press release or the report. Please refer to the
full report for a complete understanding of the assumptions underlying
the report’s conclusions and the methodologies used to create the
report. Neither Navigant Research nor Navigant undertakes any obligation
to update any of the information contained in this press release or the
report.
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