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Backup Power System Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Backup Power System Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Backup Power System Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 11 Mar 2020
  • Report ID: E&P 003
  • Pages:163
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

Backup power systems are a reliable and cost-effective system used to mitigate the risk of economic loss and societal hardship caused due to power outages. Many businesses suffer industrial injuries due to disruptions of electric power supply during a natural disaster. For companies with highly sensitive loads such as data centers and financial institutions, the risk of economic losses from downtime is high. In addition, various facilities, such as assisted living facilities and nursing homes, life safety aspects are a significant concern. Other facilities, such as cell tower sites, emergency call centers, and gas stations, have a far-reaching social impact, and their availability is critical. Thus, firms are investing heavily in onsite backup power equipment to ensure reliability, safety, and productivity. According to a study published by Insure Insights, the global backup power system market is anticipated to grow at a CAGR of 4.6% during the forecast period.

Top Driver: Massive Demand for Power and Demand for Energy-Efficient Power Backup Systems

With the massive demand for power and rising concerns on energy, security is a leading factor contributing to the growth of power backup systems market growth. Demand for energy-efficient power backup systems is expected to grow owing to increasing energy prices. Moreover, the power backup systems market has high potential in the countries that lag in the supply of power sufficient for fulfilling the demand, especially in developing economies such as China and India. Shortages in coal and gas, which are the fundamental raw materials for power generation, are expected to intensify the scarcity of power supply further. Due to the increasing frequency of power cuts, consumers are inclining towards backup power systems, thus creating lucrative opportunities.

Backup Generator to Make Crucial Contribution to Growth of Market

On the basis of technology, the market is segmented into Backup Generator, Uninterrupted Power Supply (UPS). The backup generator accounted for a major market share owing to the reliability of the generators during emergency especially in the industrial sector. On the basis of end use the market is segmented into Residential, Commercial, Industrial. The industrial segment held the largest market share.

Rising Increasing Need for the Backup Power System to Benefit North America Market

Asia Pacific is anticipated to grow at the fastest rate among the other segments of the backup power market, and is expected to help the industry to boost through the forecast period. The unpredictability of grid power infrastructure in the developing countries of the region has created a growing need for backup power sources. This is anticipated to help the industry flourish in the coming years. The EU is encouraging distributed generation by providing feed in tariffs and incentives, which is expected to drive the installation of off-grid energy systems such as fuel cells and battery energy storage systems.


Players to Focus on Backup Power System Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Aggreko, Caterpillar, Cummins, Saft, Trojan Battery, ALCAD, Altaaqa Global, APac Energy Rental, APR Energy, and Atlas Copco among others could be at the forefront of the competition in the global market.

Aggreko: In January 2018, Aggreko had created a power rentals joint venture in China through the acquisition of 21.5% of Shanghai Yude, a company employing 45 people and with a power rental fleet of more than 40 MW. The new joint venture company will trade as Shanghai Yude Aggreko Energy Equipment Rental Co Ltd. The acquisition is part of its long term strategy to expand in China with a local partner.

Generac Power Systems: In October 2019, Generac Power Systems, a market leader in residential backup power systems, has announced its move into Clean Energy. The company will now draw on its technology and extensive engineering expertise to offer a complete ecosystem of new energy storage and management products.

Scope of the Report

By Technology

  • Backup Generator
  • Uninterrupted Power Supply (UPS)

By End-User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
  • Europe
  • Asia Pacific

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Backup Power System Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Backup Power System Market -Industry Snapshots

6.1             Overview

6.1.1          Global Backup Power System Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Backup Power System Market Analysis, by Technology

7.1             Overview

7.2             Key Findings for Backup Power System Market- By Technology

7.2.1          Backup Power System Market- Backup Generator

7.2.2          Backup Power System Market- Uninterrupted Power Supply (UPS)

Chapter 8           Global Backup Power System Market Analysis, by End User

8.1             Overview

8.2             Key Findings for Backup Power System Market- By End User

8.2.1          Backup Power System Market- Residential

8.2.2          Backup Power System Market- Commercial

8.2.3          Backup Power System Market- Industrial

Chapter 9           Backup Power System Market Analysis by Region

9.1             Key Findings for Backup Power System Market- By region

9.2             Overview

9.2.1          Global Backup Power System Market Analysis, By Technology, 2019 – 2028

9.2.2          Global Backup Power System Market Analysis, By End User, 2019 – 2028

9.3             Backup Power System Market – North America

9.3.1          Overview

9.3.2          U.S.

9.3.3          Canada

9.3.4          Mexico

9.3.5          North America Market, By Technology

9.3.6          North America Market, By End User

9.4             Backup Power System Market – Europe

9.4.1          Overview

9.4.2          Germany

9.4.3          United Kingdom

9.4.4          France

9.4.5          Italy

9.4.6          Rest Of Europe

9.4.7          Europe Market, By Technology

9.4.8          Europe Market, By End User

9.5             Backup Power System Market – Asia Pacific

9.5.1          Overview

9.5.2          China

9.5.3          Japan

9.5.4          India

9.5.5          Rest of APAC

9.5.6          Asia Pacific Market, By Technology

9.5.7          Asia Pacific Market, By End User

9.6             Backup Power System Market – SAMEA

9.6.1          Overview

9.6.2          Middle East & Africa (MEA)

9.6.3          South America

9.6.4          Rest Of World

9.6.5          South America, Middle East and Africa Market, By Technology

9.6.6          South America, Middle East and Africa Market, By End User

Chapter 10       Market Competition Analysis

10.1           Market Share/Positioning Analysis

10.1.1       Market Positioning of Key Vendors, 2019

10.1.2       Key Strategies Adopted by the Leading Players

10.1.3       Recent Developments

Chapter 11       Company Profiles- Snapshot

11.1           Aggreko

11.1.1       Business Fundamentals

11.1.2       Financial Snapshots

11.1.3       Product Portfolio

11.1.4       Recent Developments

11.2           Caterpillar

11.3           Cummins

11.4           Saft

11.5           Trojan Battery

11.6           ALCAD

11.7           Altaaqa Global

11.8           APac Energy Rental

11.9           APR Energy

11.10        Atlas Copco

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 12       Appendix




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