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Backup Power Trends and Forecast
The future of the global backup power market looks promising with opportunities in the residential, commercial, and industrial markets. The global backup power market is expected to reach an estimated $18.5 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are the demand for uninterrupted power supply (UPS) is on the upswing, power outages and natural disasters are on the rise ,and there is an increasing requirement for dependable power backup in data centers.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Backup Power by Segment
The study includes a forecast for the global backup power by type, application, end use industry, and region.
Backup Power Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Diesel Generators
• Gas Generators
• Solar Generators
• Others
Backup Power Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Standby Power
• Prime Power
• Peak Shaving
Backup Power Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Commercial
• Industrial
• Others
Backup Power Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Backup Power Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies backup power companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the backup power companies profiled in this report include-
• Caterpillar
• Cummins
• Generac Power Systems
• Kohler
• Mtu Onsite Energy Corporation
• Himoinsa
• Atlas Copco
• Mitsubishi Heavy Industries
• Briggs & Stratton Corporation
• Schneider Electric
Backup Power Market Insights
Lucintel forecasts that diesel generator is expected to witness highest growth over the forecast period.
Within this market, commercial will remain the largest segment.
Asia Pacific is expected to witness highest growth over the forecast period.
Features of the Global Backup Power Market
Market Size Estimates: Backup power market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Backup power market size by type, application, end use industry, and region in terms of value ($B).
Regional Analysis: Backup power market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, end use industries, and regions for the backup power market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the backup power market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the backup power market size?
Answer: The global backup power market is expected to reach an estimated $18.5 billion by 2030.
Q.2 What is the growth forecast for backup power market?
Answer: The global backup power market is expected to grow with a CAGR of 6.7% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the backup power market?
Answer: The major drivers for this market are the demand for uninterrupted power supply (UPS) is on the upswing, power outages and natural disasters are on the rise, and there is an increasing requirement for dependable power backup in data centers.
Q4. What are the major segments for backup power market?
Answer: The future of the backup power market looks promising with opportunities in the residential, commercial, and industrial markets.
Q5. Who are the key backup power market companies?
Answer: Some of the key backup power companies are as follows:
• Caterpillar
• Cummins
• Generac Power Systems
• Kohler
• MTU Onsite Energy Corporation
• Himoinsa
• Atlas Copco
• Mitsubishi Heavy Industries
• Briggs & Stratton Corporation
• Schneider Electric
Q6. Which backup power market segment will be the largest in future?
Answer: Lucintel forecasts that xx is expected to witness highest growth over the forecast period.
Q7. In backup power market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the backup power market by type (diesel generators, gas generators, solar generators, and others), application (standby power, prime power, and peak shaving), end use industry (residential, commercial, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to backup power Market, Ultra-Thin backup power Market Size, Ultra-Thin backup power Market Growth, backup power Market Analysis, backup power Market Report, backup power Market Share, backup power Market Trends, backup power Market Forecast, backup power Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Backup Power Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Backup Power Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Backup Power Market by Type
3.3.1: Diesel Generators
3.3.2: Gas Generators
3.3.3: Solar Generators
3.3.4: Others
3.4: Global Backup Power Market by Application
3.4.1: Standby Power
3.4.2: Prime Power
3.4.3: Peak Shaving
3.5: Global Backup Power Market by End Use Industry
3.5.1: Residential
3.5.2: Commercial
3.5.3: Industrial
3.5.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Backup Power Market by Region
4.2: North American Backup Power Market
4.2.2: North American Backup Power Market by End Use Industry: Residential, Commercial, Industrial, and Others
4.3: European Backup Power Market
4.3.1: European Backup Power Market by Type: Diesel Generators, Gas Generators, Solar Generators, and Others
4.3.2: European Backup Power Market by End Use Industry: Residential, Commercial, Industrial, and Others
4.4: APAC Backup Power Market
4.4.1: APAC Backup Power Market by Type: Diesel Generators, Gas Generators, Solar Generators, and Others
4.4.2: APAC Backup Power Market by End Use Industry: Residential, Commercial, Industrial, and Others
4.5: ROW Backup Power Market
4.5.1: ROW Backup Power Market by Type: Diesel Generators, Gas Generators, Solar Generators, and Others
4.5.2: ROW Backup Power Market by End Use Industry: Residential, Commercial, Industrial, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Backup Power Market by Type
6.1.2: Growth Opportunities for the Global Backup Power Market by Application
6.1.3: Growth Opportunities for the Global Backup Power Market by End Use Industry
6.1.4: Growth Opportunities for the Global Backup Power Market by Region
6.2: Emerging Trends in the Global Backup Power Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Backup Power Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Backup Power Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Caterpillar
7.2: Cummins
7.3: Generac Power Systems
7.4: Kohler
7.5: MTU Onsite Energy Corporation
7.6: Himoinsa
7.7: Atlas Copco
7.8: Mitsubishi Heavy Industries
7.9: Briggs & Stratton Corporation
7.10: Schneider Electric
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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