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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392131
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392131
Backup Power Market, By Type (Diesel generators, Gas generators, Solar generators, Others ), By Application, By End-user, By Geography
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PAGES: 155 Pages
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The Global Backup Power Market size is expected to grow from US$ 2.66 billion in 2023 to US$ 4.33 billion by 2030, at a CAGR of 7.2% during the forecast period (2023-2030).
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 2.66 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 7.20% | 2030 Value Projection: | US$ 4.33 Bn |
Figure 1. Global Backup Power Market Share (%), by Region, 2023
Backup power is defined as any device that provides instantaneous, uninterruptible power. It is an electrical apparatus that provides emergency power to a load when the input power source or mains power fails. The most efficient power backup plan is the fixed generator through which AC loads, electrical appliances, and essential lights can work. When the main source of energy fails, a backup power system is employed to supply electricity. It is essential since every operation depends on an uninterruptible power source.
Market Dynamics:
Increasing intensity/frequency of weather-related disasters, increase in power outages worldwide, rising demand for standby power sources, increasing demand for uninterrupted power supply, and favorable government initiatives are some major factors expected to augment the growth of the global backup power market during the forecast period.
The market for backup power is driven by a number of factors, including the increasing demand for reliable power supply in critical applications such as data centers, hospitals, and industrial facilities. In addition, the growing use of renewable energy sources such as solar and wind power has increased the need for backup power systems to ensure continuity of power supply during periods of low or no renewable energy generation.
Other factors driving the growth of the backup power market include the increasing frequency and severity of natural disasters such as hurricanes, earthquakes, and wildfires, which can cause power outages and disruptions. In addition, the aging power infrastructure in many countries is leading to an increased risk of power outages, which is driving demand for backup power systems.
Key features of the study:
- This report provides an in-depth analysis of the global backup power market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global backup power market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Doosan Corporation, Yanmar Co. Ltd., Wartsila Corporation, Aggreko plc, Eaton Corporation, Schneider Electric SE, Atlas Copco AB, Himoinsa S.L., Kohler Co., Cummins Inc., Caterpillar Inc., Mitsubishi Heavy Industries Ltd., Generac Power Systems Inc., Briggs & Stratton Corporation, and MTU Onsite Energy Corporation, among others.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global backup power market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global backup power market.
Backup Power Market Detailed Segmentation:
- By Type:
- Diesel Generators
- Gas Generators
- Solar Generators
- Others
- By Application:
- Standby Power
- Prime Power
- Peak Shaving
- By End User:
- Residential
- Commercial
- Industrial
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles:
- Doosan Corporation
- Yanmar Co. Ltd.
- Wartsila Corporation
- Aggreko plc
- Eaton Corporation
- Schneider Electric SE
- Atlas Copco AB
- Himoinsa S.L.
- Kohler Co.
- Cummins Inc.
- Caterpillar Inc.
- Mitsubishi Heavy Industries Ltd.
- Generac Power Systems Inc.
- Briggs & Stratton Corporation
- MTU Onsite Energy Corporation
Product Code: CMI5811
Table of Contents:
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Backup Power Market, By Type
- Backup Power Market, By Application
- Backup Power Market, By End User
- Backup Power Market, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Increase in power outages around the world
- Increasing adoption of renewable power sources
- Growing demand for uninterrupted power supply
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Backup Power Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Backup Power Market, By Type, 2019-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
- Diesel Generators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
- Gas Generators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
- Solar Generators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
6. Backup Power Market, By Application, 2019-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2023 - 2030
- Segment Trends
- Standby Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
- Prime Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
- Peak Shaving
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
7. Backup Power Market, By End User, 2019-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2023 - 2030
- Segment Trends
- Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
- Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2030, (US$ Bn)
8. Backup Power Market, By Region, 2019-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2023 - 2030
- Segment Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- Germany
- U.K
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East
9. Competitive Landscape
- Doosan Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Yanmar Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Wartsila Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Aggreko plc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Eaton Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Schneider Electric SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Atlas Copco AB
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Himoinsa S.L.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Kohler Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Cummins Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Caterpillar Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Mitsubishi Heavy Industries Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Generac Power Systems Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Briggs & Stratton Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- MTU Onsite Energy Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Analyst Views
10. Section
- Research Methodology
- About us
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