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:
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.
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.
