Backup Power Market

Power outages can be caused due to natural calamities, overload, or equipment failures. It is a recurring problem that disrupts the operations in residential, commercial, and industrial sectors. The monetary losses incurred vary from sector to sector and can run into millions. Therefore, to minimize the losses and stay protected against utility power outages, backup power systems are being adopted where the momentary power outages do not disrupt the operations. For instance, installing a diesel generator for emergency backup can meet the full load that it is designed for under 10 seconds.

Scope of the Report:

Backup Power Market focuses on the Backup Power in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. Backup Power Market categorizes the market based on manufacturers, regions, type and application.

The availability of diverse backup power systems is one of the primary drivers for market growth. Traditionally, diesel power generators were used for backup power due to their relatively low price and the easy availability of diesel. However, over the years the increasing emission concerns due to the utilization of traditional power generators has led to the rise of alternate sources such as battery energy storage systems, hybrid power, and fuel cells. APAC is the fastest-growing segment of the backup power market, expected to showcase a CAGR of nearly 6% through the forecast period. The unreliability of grid power infrastructure in the developing countries of the region has created a strong need for backup power sources. The EU is encouraging distributed generation by providing feed in tariffs and incentives, which is driving the installation of off-grid energy systems such as fuel cells and battery energy storage systems.

The worldwide market for Backup Power is expected to grow at a CAGR of roughly 4.9% over the next five years, will reach 19900 million US$ in 2027, from 14900 million US$ in 2021,

Market Segment by Manufacturers, Backup Power Market covers

Aggreko

Bloom Energy

Caterpillar

Cummins

LG Chem

Market Segment by Regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

Diesel Generator

Others

Market Segment by Applications, can be divided into

Residential

Non-Residential

There are 15 Chapters to deeply display the global Backup Power market.

Chapter 1, to describe Backup Power Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Backup Power, with sales, revenue, and price of Backup Power, in 2016 and 2021;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2021;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Backup Power, for each region, from 2027 to 2022;

Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2027 to 2022;

Chapter 12, Backup Power market forecast, by regions, type and application, with sales and revenue, from 2022 to 2027;

Chapter 13, 14 and 15, to describe Backup Power sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source