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.
Contact: Lindsay Lorenz
* 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.