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Backup Power Market

Backup Power Market

Backup Power Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

Base Year:



Nov - 2021



Report Code:


Segments Covered
  • By Type By Type Diesel generators, Gas generators , Solar generators , Others
  • By Product  By Product Standby power, Prime power, Peak shaving
  • By Application By Application Residential , Commercial, Industrial
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 20.5 Billion
Revenue 2030Revenue 2030: USD 33 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 6.1%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other 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:

The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements

Data Triangulation and Market Size Estimations

At the later stage and after procuring data from secondary and primary research, top-down and bottom-up approaches are used to validate and estimate the market size of the Backup Power market. After the determination of the overall market size, the market is divided into various segments and sub-segments. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and also considering key market trends from supply as well as the demand side of the market.  

Frequently Asked Question
  • 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%.

  • 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..

  • The market is project to grow at a CAGR of 6.1% between 2023 and 2030.

  • The driving factors of the Backup Power include

    • Rising Frequency of Power Outages

  • North America was the leading regional segment of the Backup Power in 2022.