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Global Backup Power Market 2017-2021

Global Backup Power Market 2017-2021

About Backup Power

Power outages can be caused due to natural calamities, overload, or equipment failures. It is a recurring problem that disrupts the operations in residential, commercial, and industrial sectors. The monetary losses incurred vary from sector to sector and can run into millions. Therefore, to minimize the losses and stay protected against utility power outages, backup power systems are being adopted where the momentary power outages do not disrupt the operations. For instance, installing a diesel generator for emergency backup can meet the full load that it is designed for under 10 seconds. It is regarded as a highly reliable source and can run for about 3.5 years without any major overhauls. However, they need to be regularly serviced and maintained.

Technavio’s analysts forecast the global backup power market to grow at a CAGR of 4.59% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global backup power market for 2017-2021. To calculate the market size, the report considers the revenue generated from the new installations and exclude aftermarket/services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Backup Power Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Aggreko
  • Bloom Energy
  • Caterpillar
  • Cummins
  • LG Chem
Other prominent vendors
  • AISIN SEIKI
  • Alpine Power Systems
  • APR Energy
  • Atlas Copco
  • Ballard Power Systems
  • Briggs & Stratton
  • Doosan Fuel Cell America
  • East Penn Manufacturing
  • Eaton
  • Emerson
  • EnerSys
  • Enocell
  • Enphase Energy
  • Exide Technologies
  • Exide Industries
  • Generac Power Systems
  • GS Yuasa
  • HIMOINSA
  • Kohler
  • MITSUBISHI HEAVY INDUSTRIES
  • Nuvera Fuel Cells
  • Schneider Electric
  • SFC Energy
  • Su-Kam Power Systems
  • Tesla
Market driver
  • Increasing need for backup power due to grid outages.
  • For a full, detailed list, view our report
Market challenge
  • Increasing distributed generation and off-grid power systems.
  • For a full, detailed list, view our report
Market trend
  • Aging grid infrastructure.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Backup Power Market 2017-2021

Technavio recognizes the following companies as the key players in the global backup power market: Aggreko, Bloom Energy, Caterpillar, Cummins, and LG Chem.

Other Prominent Vendors in the market are: AISIN SEIKI, Alpine Power Systems, APR Energy, Atlas Copco, Ballard Power Systems, Briggs & Stratton, Doosan Fuel Cell America, East Penn Manufacturing, Eaton, Emerson, EnerSys, Enocell, Enphase Energy, Exide Technologies, Exide Industries, Generac Power Systems, GS Yuasa, HIMOINSA, Kohler, MITSUBISHI HEAVY INDUSTRIES, Nuvera Fuel Cells, Schneider Electric, SFC Energy, Su-Kam Power Systems, and Tesla.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is aging grid infrastructure. The power grid has remained the same since its development a century ago, with several pieces of equipment reaching the end of their service life. Climate change policies and improvements in technology have resulted in electricity generation from carbon-free renewable sources, such as solar, wind, and hydro.”

According to the report, one driver in market is increasing need for backup power due to grid outages. The aging infrastructure, rise in population, and additional power sources have increased the strain on the infrastructure causing power outages. Below is the year-over-year number of outages in the US caused by the weather, equipment failure, maintenance shutdown, load shedding, vandalism, and cyber-attacks. Between the year 2010 and 2014, the number of power outages increased by more than 50% compared with the year 2010. Power outages not only cause inconvenience to the end-users, but also a monetary loss to utilities, impede emergency services, and are a threat to national security, as they compromise the communication systems.

Further, the report states that one challenges in market is increasing distributed generation and off-grid power systems. Common problems faced by the power industry are the rising energy costs, aging infrastructure, mass electrification, and climate changes. To overcome these challenges there is rising interest in distributed generation. This is expected to have a major impact on backup power systems as they are used as a secondary source if the grid fails. Distributed generation is transforming the way power is generated and consumed, and considered as a method to improve the reliability of the grid. This is because distributed generation units can maintain continuous supply in the event of a wide power outage and function independent of the grid. They can also be used to mitigate the voltage regulation problems. The benefits they provide has also resulted in widening the range of technologies that are used for distribution generation.

Companies Mentioned

Aggreko, Bloom Energy, Caterpillar, Cummins, LG Chem, AISIN SEIKI, Alpine Power Systems, APR Energy, Atlas Copco, Ballard Power Systems, Briggs & Stratton, Doosan Fuel Cell America, East Penn Manufacturing, Eaton, Emerson, EnerSys, Enocell, Enphase Energy, Exide Technologies, Exide Industries, Generac Power Systems, GS Yuasa, HIMOINSA, Kohler, MITSUBISHI HEAVY INDUSTRIES, Nuvera Fuel Cells, Schneider Electric, SFC Energy, Su-Kam Power Systems, and Tesla.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Working model of a backup power system
      • Table Characteristic of the backup power systems
  • Market landscape
    • Market overview
      • Table Global backup power market overview
    • Market size and forecast
      • Table Global backup power market 2016-2021 ($ billions)
      • Table Causes of outages in the US 2009-2016 (%)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global backup power market by technology
      • Table Global backup power market by technology 2016 and 2021 (%)
      • Table Global backup power market by technology 2016 and 2021 ($ billions)
    • Global backup power market by diesel generator technology
      • Table Global backup power market by diesel generator technology 2016-2021 ($ billions)
    • Global backup power market by others
      • Table Global backup power market by others 2016-2021 ($ billions)
      • Table Production cycle of fuel cell vs. diesel generator and related CO. emissions
  • Market segmentation by end-user
    • Global backup power market by end-user
      • Table Global backup power market by end-user 2016 and 2021 (%)
      • Table Global backup power market by end-user 2016 and 2021 ($ billions)
    • Global backup power market in the residential sector
      • Table Global backup power market in the residential sector 2016-2021 ($ billions)
    • Global backup power market in the non-residential sector
      • Table Global backup power market in the non-residential sector 2016-2021 ($ billions)
  • Geographical segmentation
    • Global backup power market by geography
      • Table Global backup power market by geography 2016 and 2021 (%)
      • Table Global backup power market by geography 2016 and 2021 ($ billions)
    • Backup power market in the Americas
      • Table Backup power market in the Americas 2016-2021 ($ billions)
    • Backup power market in APAC
      • Table Backup power market in APAC 2016-2021 ($ billions)
    • Backup power market in EMEA
      • Table Backup power market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Number of outages in the US 2009-2016
      • Table Cost of PEM fuel cell in Japan under ENE-Farm 2009-2015 ($)
      • Table Cumulative fuel cell installation under ENE-Farm 2009-2015 (number of units)
    • Market challenges
      • Table Indexed cost of solar PV 2008-2015 (%)
  • Market trends
    • Aging grid infrastructure
    • Technological advances in diesel generator sets
    • End-users focusing more on renting generator services
      • Table Global standby rental power market 2016 and 2021 ($ billions)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • Aggreko
      • Table Aggreko: Power rental solutions
      • Table Aggreko: Product portfolio (rental)
    • Bloom Energy
      • Table Bloom Energy: Fuel cell technology
      • Table Bloom Energy: Product portfolio
    • Caterpillar
    • Cummins
      • Table Cummins: Key products
    • LG Chem
      • Table LG Chem: Product offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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