Backup Power Market, By Type (Diesel generators, Gas generators, Solar generators, Others (such as wind turbines, battery systems, etc.)), By Application (Standby power, Prime power, Peak shaving), By End user (Residential, Commercial, Industrial, Others (such as healthcare, data centers, etc.)), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
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 back up 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 growth of the global backup power market during the forecast period.
For instance, in November 2022, Cummins, Inc. announced a partnership agreement with Exergy Energy, LLC. This partnership allows Exergy Energy to install Cummins’ power system solutions such as generator sets, energy storage systems, and switching equipment at the customer location to power the entire operation during grid outages or times of peak usage with no upfront CAPEX investment by the customer. Moreover, Exergy Energy’s sophisticated software monitors the grid, and during periods of peak usage, automatically shifts the loads to the backup power system before an outage or peak demand charges occur.
Key features of the study:
This report provides in-depth analysis of the global backup power market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 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., Wärtsilä 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.
Detailed Segmentation:
Global Backup Power Market, By Type:
Diesel Generators
Gas Generators
Solar Generators
Others (such as Wind Turbines, Battery Systems, etc.)
Global Backup Power Market, By Application:
Standby Power
Prime Power
Peak Shaving
Global Backup Power Market, By End User:
Residential
Commercial
Industrial
Others (such as Healthcare, Data Centers, etc.)
Global Backup Power Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles:
Doosan Corporation
Yanmar Co. Ltd.
Wärtsilä 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
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Geography
- 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. Global Backup Power Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Backup Power Market, By Type, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Diesel Generators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Gas Generators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Solar Generators
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Others (such as Wind Turbines, Battery Systems, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- 6. Global Backup Power Market, By Application, 2020-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Standby Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Prime Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Peak Shaving
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- 7. Global Backup Power Market, By End User, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Others (such as Healthcare, Data Centers, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- 8. Global Backup Power Market, By Geography, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- 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
- Wärtsilä 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
- *Browse 24 market data tables and 28 figures on "Global Backup Power Market” - Europe forecast to 2030
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