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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 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.
Market Analysis and Insights: Global Backup Power Market
The global Backup Power market was valued at US$ 14110 million in 2020 and it is expected to reach US$ 19970 million by the end of 2027, growing at a CAGR of 5.0% during 2021-2027.
Global Backup Power Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Backup Power Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
- Diesel Generator
- Others
Segment by Application
- Residential
- Non-Residential
By Company
- Aggreko
- Bloom Energy
- Caterpillar
- Cummins
- LG Chem
Production by Region
- North America
- Europe
- China
- Japan
Consumption by Region
- North America (United States, Canada, Mexico)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, Other Regions)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- South America (Brazil, Argentina, Rest of South America)
- Middle East & Africa (Turkey, Saudi Arabia, U.A.E., South Africa, Other Regions)
Scope of the Backup Power Market Report
|
Report Metric |
Details |
|
Report Name |
Backup Power Market |
|
Market size in 2020 |
US$ 14110 Million |
|
The revenue forecast in 2027 |
US$ 19970 Million |
|
Growth Rate |
CAGR of 5.0% from 2021 to 2027 |
|
Market size available for years |
2020-2027 |
|
Forecast units |
Value (USD) & Volume (Units) |
|
Segments covered |
Types, End-User / Applications, Companies, and Region |
|
Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
|
Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Index
1 Backup Power Market Overview
1.1 Product Overview and Scope of Backup Power
1.2 Backup Power Segment by Type
1.2.1 Global Backup Power Market Size Growth Rate Analysis by Type 2021 VS 2027
1.2.2 Diesel Generator
1.2.3 Others
1.3 Backup Power Segment by Application
1.3.1 Global Backup Power Consumption Comparison by Application: 2016 VS 2021 VS 2027
1.3.2 Residential
1.3.3 Non-Residential
1.4 Global Market Growth Prospects
1.4.1 Global Backup Power Revenue Estimates and Forecasts (2016-2027)
1.4.2 Global Backup Power Production Estimates and Forecasts (2016-2027)
1.5 Global Market Size by Region
1.5.1 Global Backup Power Market Size Estimates and Forecasts by Region: 2016 VS 2021 VS 2027
1.5.2 North America Backup Power Estimates and Forecasts (2016-2027)
1.5.3 Europe Backup Power Estimates and Forecasts (2016-2027)
1.5.4 China Backup Power Estimates and Forecasts (2016-2027)
1.5.5 Japan Backup Power Estimates and Forecasts (2016-2027)
2 Market Competition by Manufacturers
2.1 Global Backup Power Production Market Share by Manufacturers (2016-2021)
2.2 Global Backup Power Revenue Market Share by Manufacturers (2016-2021)
2.3 Backup Power Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.4 Global Backup Power Average Price by Manufacturers (2016-2021)
2.5 Manufacturers Backup Power Production Sites, Area Served, Product Types
2.6 Backup Power Market Competitive Situation and Trends
2.6.1 Backup Power Market Concentration Rate
2.6.2 Global 5 and 10 Largest Backup Power Players Market Share by Revenue
2.6.3 Mergers & Acquisitions, Expansion
3 Production and Capacity by Region
3.1 Global Production of Backup Power Market Share by Region (2016-2021)
3.2 Global Backup Power Revenue Market Share by Region (2016-2021)
3.3 Global Backup Power Production, Revenue, Price and Gross Margin (2016-2021)
3.4 North America Backup Power Production
3.4.1 North America Backup Power Production Growth Rate (2016-2021)
3.4.2 North America Backup Power Production, Revenue, Price and Gross Margin (2016-2021)
3.5 Europe Backup Power Production
3.5.1 Europe Backup Power Production Growth Rate (2016-2021)
3.5.2 Europe Backup Power Production, Revenue, Price and Gross Margin (2016-2021)
3.6 China Backup Power Production
3.6.1 China Backup Power Production Growth Rate (2016-2021)
3.6.2 China Backup Power Production, Revenue, Price and Gross Margin (2016-2021)
3.7 Japan Backup Power Production
3.7.1 Japan Backup Power Production Growth Rate (2016-2021)
3.7.2 Japan Backup Power Production, Revenue, Price and Gross Margin (2016-2021)
4 Global Backup Power Consumption by Region
4.1 Global Backup Power Consumption by Region
4.1.1 Global Backup Power Consumption by Region
4.1.2 Global Backup Power Consumption Market Share by Region
4.2 North America
4.2.1 North America Backup Power Consumption by Country
4.2.2 U.S.
4.2.3 Canada
4.3 Europe
4.3.1 Europe Backup Power Consumption by Country
4.3.2 Germany
4.3.3 France
4.3.4 U.K.
4.3.5 Italy
4.3.6 Russia
4.4 Asia Pacific
4.4.1 Asia Pacific Backup Power Consumption by Region
4.4.2 China
4.4.3 Japan
4.4.4 South Korea
4.4.5 Taiwan
4.4.6 Southeast Asia
4.4.7 India
4.4.8 Australia
4.5 Latin America
4.5.1 Latin America Backup Power Consumption by Country
4.5.2 Mexico
4.5.3 Brazil
5 Production, Revenue, Price Trend by Type
5.1 Global Backup Power Production Market Share by Type (2016-2021)
5.2 Global Backup Power Revenue Market Share by Type (2016-2021)
5.3 Global Backup Power Price by Type (2016-2021)
6 Consumption Analysis by Application
6.1 Global Backup Power Consumption Market Share by Application (2016-2021)
6.2 Global Backup Power Consumption Growth Rate by Application (2016-2021)
7 Key Companies Profiled
7.1 Aggreko
7.1.1 Aggreko Backup Power Corporation Information
7.1.2 Aggreko Backup Power Product Portfolio
7.1.3 Aggreko Backup Power Production, Revenue, Price and Gross Margin (2016-2021)
7.1.4 Aggreko Main Business and Markets Served
7.1.5 Aggreko Recent Developments/Updates
7.2 Bloom Energy
7.2.1 Bloom Energy Backup Power Corporation Information
7.2.2 Bloom Energy Backup Power Product Portfolio
7.2.3 Bloom Energy Backup Power Production, Revenue, Price and Gross Margin (2016-2021)
7.2.4 Bloom Energy Main Business and Markets Served
7.2.5 Bloom Energy Recent Developments/Updates
7.3 Caterpillar
7.3.1 Caterpillar Backup Power Corporation Information
7.3.2 Caterpillar Backup Power Product Portfolio
7.3.3 Caterpillar Backup Power Production, Revenue, Price and Gross Margin (2016-2021)
7.3.4 Caterpillar Main Business and Markets Served
7.3.5 Caterpillar Recent Developments/Updates
7.4 Cummins
7.4.1 Cummins Backup Power Corporation Information
7.4.2 Cummins Backup Power Product Portfolio
7.4.3 Cummins Backup Power Production, Revenue, Price and Gross Margin (2016-2021)
7.4.4 Cummins Main Business and Markets Served
7.4.5 Cummins Recent Developments/Updates
7.5 LG Chem
7.5.1 LG Chem Backup Power Corporation Information
7.5.2 LG Chem Backup Power Product Portfolio
7.5.3 LG Chem Backup Power Production, Revenue, Price and Gross Margin (2016-2021)
7.5.4 LG Chem Main Business and Markets Served
7.5.5 LG Chem Recent Developments/Updates
8 Backup Power Manufacturing Cost Analysis
8.1 Backup Power Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Raw Materials Price Trend
8.1.3 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Backup Power
8.4 Backup Power Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Backup Power Distributors List
9.3 Backup Power Customers
10 Market Dynamics
10.1 Backup Power Industry Trends
10.2 Backup Power Growth Drivers
10.3 Backup Power Market Challenges
10.4 Backup Power Market Restraints
11 Production and Supply Forecast
11.1 Global Forecasted Production of Backup Power by Region (2022-2027)
11.2 North America Backup Power Production, Revenue Forecast (2022-2027)
11.3 Europe Backup Power Production, Revenue Forecast (2022-2027)
11.4 China Backup Power Production, Revenue Forecast (2022-2027)
11.5 Japan Backup Power Production, Revenue Forecast (2022-2027)
12 Consumption and Demand Forecast
12.1 Global Forecasted Demand Analysis of Backup Power
12.2 North America Forecasted Consumption of Backup Power by Country
12.3 Europe Market Forecasted Consumption of Backup Power by Country
12.4 Asia Pacific Market Forecasted Consumption of Backup Power by Region
12.5 Latin America Forecasted Consumption of Backup Power by Country
13 Forecast by Type and by Application (2022-2027)
13.1 Global Production, Revenue and Price Forecast by Type (2022-2027)
13.1.1 Global Forecasted Production of Backup Power by Type (2022-2027)
13.1.2 Global Forecasted Revenue of Backup Power by Type (2022-2027)
13.1.3 Global Forecasted Price of Backup Power by Type (2022-2027)
13.2 Global Forecasted Consumption of Backup Power by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
15.1 Methodology/Research Approach
15.1.1 Research Programs/Design
15.1.2 Market Size Estimation
15.1.3 Market Breakdown and Data Triangulation
15.2 Data Source
15.2.1 Secondary Sources
15.2.2 Primary Sources
15.3 Author List
15.4 Disclaimer
List of Tables
List of Tables
Table 1. Global Backup Power Market Size by Type (K Units) & (US$ Million) (2021 VS 2027)
Table 2. Global Backup Power Consumption (K Units) Comparison by Application: 2016 VS 2021 VS 2027
Table 3. Backup Power Market Size Comparison by Region: 2016 VS 2021 VS 2027
Table 4. Global Backup Power Production (K Units) by Manufacturers
Table 5. Global Backup Power Production (K Units) by Manufacturers (2016-2021)
Table 6. Global Backup Power Production Market Share by Manufacturers (2016-2021)
Table 7. Global Backup Power Revenue (US$ Million) by Manufacturers (2016-2021)
Table 8. Global Backup Power Revenue Share by Manufacturers (2016-2021)
Table 9. Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Backup Power as of 2020)
Table 10. Global Market Backup Power Average Price (USD/Unit) of Key Manufacturers (2016-2021)
Table 11. Manufacturers Backup Power Production Sites and Area Served
Table 12. Manufacturers Backup Power Product Types
Table 13. Mergers & Acquisitions, Expansion
Table 14. Global Backup Power Production (K Units) by Region (2016-2021)
Table 15. Global Backup Power Revenue (US$ Million) by Region (2016-2021)
Table 16. Global Backup Power Revenue Market Share by Region (2016-2021)
Table 17. Global Backup Power Production (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2016-2021)
Table 18. North America Backup Power Production (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2016-2021)
Table 19. Europe Backup Power Production (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2016-2021)
Table 20. China Backup Power Production (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2016-2021)
Table 21. Japan Backup Power Production (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2016-2021)
Table 22. Global Backup Power Consumption Market by Region (2016-2021) & (K Units)
Table 23. Global Backup Power Consumption Market Share by Region (2016-2021)
Table 24. North America Backup Power Consumption by Country (2016-2021) & (K Units)
Table 25. Europe Backup Power Consumption by Country (2016-2021) & (K Units)
Table 26. Asia Pacific Backup Power Consumption by Region (2016-2021) & (K Units)
Table 27. Latin America Backup Power Consumption by Countries (2016-2021) & (K Units)
Table 28. Global Backup Power Production (K Units) by Type (2016-2021)
Table 29. Global Backup Power Production Market Share by Type (2016-2021)
Table 30. Global Backup Power Revenue (US$ Million) by Type (2016-2021)
Table 31. Global Backup Power Revenue Share by Type (2016-2021)
Table 32. Global Backup Power Price (USD/Unit) by Type (2016-2021)
Table 33. Global Backup Power Consumption by Application (2016-2021) & (K Units)
Table 34. Global Backup Power Consumption Market Share by Application (2016-2021)
Table 35. Global Backup Power Consumption Growth Rate by Application (2016-2021)
Table 36. Aggreko Backup Power Corporation Information
Table 37. Aggreko Specification and Application
Table 38. Aggreko Backup Power Production (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2016-2021)
Table 39. Aggreko Main Business and Markets Served
Table 40. Aggreko Recent Developments/Updates
Table 41. Bloom Energy Backup Power Corporation Information
Table 42. Bloom Energy Specification and Application
Table 43. Bloom Energy Backup Power Production (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2016-2021)
Table 44. Bloom Energy Main Business and Markets Served
Table 45. Bloom Energy Recent Developments/Updates
Table 46. Caterpillar Backup Power Corporation Information
Table 47. Caterpillar Specification and Application
Table 48. Caterpillar Backup Power Production (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2016-2021)
Table 49. Caterpillar Main Business and Markets Served
Table 50. Caterpillar Recent Developments/Updates
Table 51. Cummins Backup Power Corporation Information
Table 52. Cummins Specification and Application
Table 53. Cummins Backup Power Production (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2016-2021)
Table 54. Cummins Main Business and Markets Served
Table 55. Cummins Recent Developments/Updates
Table 56. LG Chem Backup Power Corporation Information
Table 57. LG Chem Specification and Application
Table 58. LG Chem Backup Power Production (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2016-2021)
Table 59. LG Chem Main Business and Markets Served
Table 60. LG Chem Recent Developments/Updates
Table 61. Production Base and Market Concentration Rate of Raw Material
Table 62. Key Suppliers of Raw Materials
Table 63. Backup Power Distributors List
Table 64. Backup Power Customers List
Table 65. Backup Power Market Trends
Table 66. Backup Power Growth Drivers
Table 67. Backup Power Market Challenges
Table 68. Backup Power Market Restraints
Table 69. Global Backup Power Production (K Units) Forecast by Region (2022-2027)
Table 70. North America Backup Power Consumption Forecast by Country (2022-2027) & (K Units)
Table 71. Europe Backup Power Consumption Forecast by Country (2022-2027) & (K Units)
Table 72. Asia Pacific Backup Power Consumption Forecast by Region (2022-2027) & (K Units)
Table 73. Latin America Backup Power Consumption Forecast by Country (2022-2027) & (K Units)
Table 74. Global Backup Power Production Forecast by Type (2022-2027) & (K Units)
Table 75. Global Backup Power Revenue Forecast by Type (2022-2027) & (US$ Million)
Table 76. Global Backup Power Price Forecast by Type (2022-2027) & (USD/Unit)
Table 77. Global Backup Power Consumption (K Units) Forecast by Application (2022-2027)
Table 78. Research Programs/Design for This Report
Table 79. Key Data Information from Secondary Sources
Table 80. Key Data Information from Primary Sources
List of Figures
Figure 1. Product Picture of Backup Power
Figure 2. Global Backup Power Market Share by Type: 2020 VS 2027
Figure 3. Diesel Generator Product Picture
Figure 4. Others Product Picture
Figure 5. Global Backup Power Market Share by Application: 2020 VS 2027
Figure 6. Residential
Figure 7. Non-Residential
Figure 8. Global Backup Power Revenue (US$ Million), 2016 VS 2021 VS 2027
Figure 9. Global Backup Power Revenue (US$ Million) (2016-2027)
Figure 10. Global Backup Power Production (K Units) & (2016-2027)
Figure 11. North America Backup Power Revenue (US$ Million) and Growth Rate (2016-2027)
Figure 12. Europe Backup Power Revenue (US$ Million) and Growth Rate (2016-2027)
Figure 13. China Backup Power Revenue (US$ Million) and Growth Rate (2016-2027)
Figure 14. Japan Backup Power Revenue (US$ Million) and Growth Rate (2016-2027)
Figure 15. Backup Power Production Share by Manufacturers in 2020
Figure 16. Global Backup Power Revenue Share by Manufacturers in 2020
Figure 17. Backup Power Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2016 VS 2020
Figure 18. Global Market Backup Power Average Price (USD/Unit) of Key Manufacturers in 2020
Figure 19. The Global 5 and 10 Largest Players: Market Share by Backup Power Revenue in 2020
Figure 20. Global Backup Power Production Market Share by Region (2016-2021)
Figure 21. North America Backup Power Production (K Units) Growth Rate (2016-2021)
Figure 22. Europe Backup Power Production (K Units) Growth Rate (2016-2021)
Figure 23. China Backup Power Production (K Units) Growth Rate (2016-2021)
Figure 24. Japan Backup Power Production (K Units) Growth Rate (2016-2021)
Figure 25. Global Backup Power Consumption Market Share by Region (2016-2021)
Figure 26. Global Backup Power Consumption Market Share by Region in 2020
Figure 27. North America Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 28. North America Backup Power Consumption Market Share by Country in 2020
Figure 29. Canada Backup Power Consumption Growth Rate (2016-2021) & (K Units)
Figure 30. U.S. Backup Power Consumption Growth Rate (2016-2021) & (K Units)
Figure 31. Europe Backup Power Consumption Growth Rate (2016-2021) & (K Units)
Figure 32. Europe Backup Power Consumption Market Share by Country in 2020
Figure 33. Germany America Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 34. France Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 35. U.K. Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 36. Italy Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 37. Russia Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 38. Asia Pacific Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 39. Asia Pacific Backup Power Consumption Market Share by Regions in 2020
Figure 40. China Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 41. Japan Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 42. South Korea Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 43. Taiwan Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 44. Southeast Asia Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 45. India Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 46. Australia Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 47. Latin America Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 48. Latin America Backup Power Consumption Market Share by Country in 2020
Figure 49. Mexico Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 50. Brazil Backup Power Consumption and Growth Rate (2016-2021) & (K Units)
Figure 51. Production Market Share of Backup Power by Type (2016-2021)
Figure 52. Production Market Share of Backup Power by Type in 2020
Figure 53. Revenue Share of Backup Power by Type (2016-2021)
Figure 54. Revenue Market Share of Backup Power by Type in 2020
Figure 55. Global Backup Power Consumption Market Share by Application (2016-2021)
Figure 56. Global Backup Power Consumption Market Share by Application in 2020
Figure 57. Global Backup Power Consumption Growth Rate by Application (2016-2021)
Figure 58. Key Raw Materials Price Trend
Figure 59. Manufacturing Cost Structure of Backup Power
Figure 60. Manufacturing Process Analysis of Backup Power
Figure 61. Backup Power Industrial Chain Analysis
Figure 62. Channels of Distribution
Figure 63. Distributors Profiles
Figure 64. Global Backup Power Production Market Share Forecast by Region (2022-2027)
Figure 65. North America Backup Power Production (K Units) Growth Rate Forecast (2022-2027)
Figure 66. Europe Backup Power Production (K Units) Growth Rate Forecast (2022-2027)
Figure 67. China Backup Power Production (K Units) Growth Rate Forecast (2022-2027)
Figure 68. Japan Backup Power Production (K Units) Growth Rate Forecast (2022-2027)
Figure 69. Global Forecasted Demand Analysis of Backup Power (2015-2027) & (K Units)
Figure 70. Global Backup Power Production Market Share Forecast by Type (2022-2027)
Figure 71. Global Backup Power Revenue Market Share Forecast by Type (2022-2027)
Figure 72. Global Backup Power Consumption Forecast by Application (2022-2027)
Figure 73. Bottom-up and Top-down Approaches for This Report
Figure 74. Data Triangulation
Published By : QY Research
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