Backup Power Market
Backup Power Market - Global Industry Assessment & Forecast
#
Pages:
2022
Nov - 2021
VMR-VMR-2021-0902
Segments Covered
By
Type Diesel generators, Gas generators , Solar generators , Others
-
By
Product Standby power, Prime power, Peak shaving
-
By
Application Residential , Commercial, Industrial
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 20.5 Billion |
 Revenue 2030:
|
USD 33 Billion |
 Revenue CAGR
(2023 - 2030): |
6.1% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Backup Power Market by Type by Product by Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Data Triangulation and Market Size Estimations
FAQ
Frequently Asked Question
What is the global demand for Backup Power in terms of revenue?
-
The global Backup Power valued at USD 20.5 Billion in 2022 and is expected to reach USD 33 Billion in 2030 growing at a CAGR of 6.1%.
Which are the prominent players in the market?
-
The prominent players in the market are Atlas Copco, Aggreko, LG Chem, Ballard Power Systems, Bloom Energy, APR Energy, East Penn Manufacturing, Cummins, AISIN SEIKI, Alpine Power Systems, Briggs & Stratton, Eaton, Caterpillar, Doosan Fuel Cell America..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.1% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Backup Power include
- Rising Frequency of Power Outages
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Backup Power in 2022.
