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Backup Power-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Backup Power market size is expected to reach US$ 19970 million by 2029, growing at a CAGR of 5.0% from 2023 to 2029. The market is mainly driven by the significant applications of Backup Power in various end use industries. The expanding demands from the Residential and Non-Residential, are propelling Backup Power market. Diesel Generator, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Others segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Backup Power, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Backup Power market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Backup Power market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Backup Power sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Backup Power covered in this report include Aggreko, Bloom Energy, Caterpillar, Cummins and LG Chem, etc.
The global Backup Power market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Aggreko
Bloom Energy
Caterpillar
Cummins
LG Chem
Global Backup Power market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Backup Power market, Segment by Type:
Diesel Generator
Others
Global Backup Power market, by Application
Residential
Non-Residential
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Backup Power manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Backup Power in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Backup Power market size is expected to reach US$ 19970 million by 2029, growing at a CAGR of 5.0% from 2023 to 2029. The market is mainly driven by the significant applications of Backup Power in various end use industries. The expanding demands from the Residential and Non-Residential, are propelling Backup Power market. Diesel Generator, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Others segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Backup Power, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Backup Power market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Backup Power market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Backup Power sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Backup Power covered in this report include Aggreko, Bloom Energy, Caterpillar, Cummins and LG Chem, etc.
The global Backup Power market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Aggreko
Bloom Energy
Caterpillar
Cummins
LG Chem
Global Backup Power market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Backup Power market, Segment by Type:
Diesel Generator
Others
Global Backup Power market, by Application
Residential
Non-Residential
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Backup Power manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Backup Power in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Backup Power Market Overview
1.1 Backup Power Product Overview
1.2 Backup Power Market Segment by Type
1.2.1 Diesel Generator
1.2.2 Others
1.3 Global Backup Power Market Size by Type
1.3.1 Global Backup Power Market Size Overview by Type (2018-2029)
1.3.2 Global Backup Power Historic Market Size Review by Type (2018-2023)
1.3.3 Global Backup Power Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Backup Power Sales Breakdown by Type (2018-2023)
1.4.2 Europe Backup Power Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Backup Power Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Backup Power Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Backup Power Sales Breakdown by Type (2018-2023)
2 Global Backup Power Market Competition by Company
2.1 Global Top Players by Backup Power Sales (2018-2023)
2.2 Global Top Players by Backup Power Revenue (2018-2023)
2.3 Global Top Players by Backup Power Price (2018-2023)
2.4 Global Top Manufacturers Backup Power Manufacturing Base Distribution, Sales Area, Product Type
2.5 Backup Power Market Competitive Situation and Trends
2.5.1 Backup Power Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Backup Power Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Backup Power as of 2022)
2.7 Date of Key Manufacturers Enter into Backup Power Market
2.8 Key Manufacturers Backup Power Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Backup Power Status and Outlook by Region
3.1 Global Backup Power Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Backup Power Historic Market Size by Region
3.2.1 Global Backup Power Sales in Volume by Region (2018-2023)
3.2.2 Global Backup Power Sales in Value by Region (2018-2023)
3.2.3 Global Backup Power Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Backup Power Forecasted Market Size by Region
3.3.1 Global Backup Power Sales in Volume by Region (2024-2029)
3.3.2 Global Backup Power Sales in Value by Region (2024-2029)
3.3.3 Global Backup Power Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Backup Power by Application
4.1 Backup Power Market Segment by Application
4.1.1 Residential
4.1.2 Non-Residential
4.2 Global Backup Power Market Size by Application
4.2.1 Global Backup Power Market Size Overview by Application (2018-2029)
4.2.2 Global Backup Power Historic Market Size Review by Application (2018-2023)
4.2.3 Global Backup Power Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Backup Power Sales Breakdown by Application (2018-2023)
4.3.2 Europe Backup Power Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Backup Power Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Backup Power Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Backup Power Sales Breakdown by Application (2018-2023)
5 North America Backup Power by Country
5.1 North America Backup Power Historic Market Size by Country
5.1.1 North America Backup Power Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Backup Power Sales in Volume by Country (2018-2023)
5.1.3 North America Backup Power Sales in Value by Country (2018-2023)
5.2 North America Backup Power Forecasted Market Size by Country
5.2.1 North America Backup Power Sales in Volume by Country (2024-2029)
5.2.2 North America Backup Power Sales in Value by Country (2024-2029)
6 Europe Backup Power by Country
6.1 Europe Backup Power Historic Market Size by Country
6.1.1 Europe Backup Power Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Backup Power Sales in Volume by Country (2018-2023)
6.1.3 Europe Backup Power Sales in Value by Country (2018-2023)
6.2 Europe Backup Power Forecasted Market Size by Country
6.2.1 Europe Backup Power Sales in Volume by Country (2024-2029)
6.2.2 Europe Backup Power Sales in Value by Country (2024-2029)
7 Asia-Pacific Backup Power by Region
7.1 Asia-Pacific Backup Power Historic Market Size by Region
7.1.1 Asia-Pacific Backup Power Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Backup Power Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Backup Power Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Backup Power Forecasted Market Size by Region
7.2.1 Asia-Pacific Backup Power Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Backup Power Sales in Value by Region (2024-2029)
8 Latin America Backup Power by Country
8.1 Latin America Backup Power Historic Market Size by Country
8.1.1 Latin America Backup Power Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Backup Power Sales in Volume by Country (2018-2023)
8.1.3 Latin America Backup Power Sales in Value by Country (2018-2023)
8.2 Latin America Backup Power Forecasted Market Size by Country
8.2.1 Latin America Backup Power Sales in Volume by Country (2024-2029)
8.2.2 Latin America Backup Power Sales in Value by Country (2024-2029)
9 Middle East and Africa Backup Power by Country
9.1 Middle East and Africa Backup Power Historic Market Size by Country
9.1.1 Middle East and Africa Backup Power Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Backup Power Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Backup Power Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Backup Power Forecasted Market Size by Country
9.2.1 Middle East and Africa Backup Power Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Backup Power Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Aggreko
10.1.1 Aggreko Company Information
10.1.2 Aggreko Introduction and Business Overview
10.1.3 Aggreko Backup Power Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Aggreko Backup Power Products Offered
10.1.5 Aggreko Recent Development
10.2 Bloom Energy
10.2.1 Bloom Energy Company Information
10.2.2 Bloom Energy Introduction and Business Overview
10.2.3 Bloom Energy Backup Power Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Bloom Energy Backup Power Products Offered
10.2.5 Bloom Energy Recent Development
10.3 Caterpillar
10.3.1 Caterpillar Company Information
10.3.2 Caterpillar Introduction and Business Overview
10.3.3 Caterpillar Backup Power Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Caterpillar Backup Power Products Offered
10.3.5 Caterpillar Recent Development
10.4 Cummins
10.4.1 Cummins Company Information
10.4.2 Cummins Introduction and Business Overview
10.4.3 Cummins Backup Power Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Cummins Backup Power Products Offered
10.4.5 Cummins Recent Development
10.5 LG Chem
10.5.1 LG Chem Company Information
10.5.2 LG Chem Introduction and Business Overview
10.5.3 LG Chem Backup Power Sales, Revenue and Gross Margin (2018-2023)
10.5.4 LG Chem Backup Power Products Offered
10.5.5 LG Chem Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Backup Power Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Backup Power Industrial Chain Analysis
11.4 Backup Power Market Dynamics
11.4.1 Backup Power Industry Trends
11.4.2 Backup Power Market Drivers
11.4.3 Backup Power Market Challenges
11.4.4 Backup Power Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Backup Power Distributors
12.3 Backup Power Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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