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Global Residential Backup Power Market 2017-2021

About Residential Backup Power

A backup power system is a secondary electrical system that can automatically supply power when the grid power fails by utilizing resources available at the source. A residential backup power system is primarily connected to households and grid power and has electrical components, which allow it to turn on automatically when it senses an outage.

Technavio’s analysts forecast the global residential backup power market to grow at a CAGR of 6.19% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global residential backup power market for 2017-2021. To calculate the market size, the report considers new sales in the market.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Residential 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
  • Caterpillar
  • Cummins
  • Kohler
  • Tesla
  • Trojan Battery
Other prominent vendors
  • Aggreko
  • Atlas Copco
  • Ballard Power Systems
  • Briggs & Stratton
  • Eaton
  • EnerSys
  • Exide Industries
  • FG Wilson
  • FuelCell Energy
  • Generac Power Systems
  • Himoinsa
  • HiPower
  • Hydrogenics
  • Johnson Controls
  • Marshall Batteries
  • Motolite Batteries
  • Panasonic
  • Plug Power
  • REDOX POWER SYSTEMS
  • SFC Energy
  • TOKYO GAS
  • TOSHIBA FUEL CELL POWER SYSTEMS
  • Viessmann Manufacturing
Market driver
  • Rise in global economic growth
  • For a full, detailed list, view our report
Market challenge
  • Improvements in grid power supply
  • For a full, detailed list, view our report
Market trend
  • Rise in shipments of fuel cells
  • 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 Residential Backup Power Market 2017-2021

Technavio recognizes the following companies as the key players in the global residential backup power market: Caterpillar, Cummins, Kohler, Tesla, and Trojan Battery.

Other Prominent Vendors in the market are: Aggreko, Atlas Copco, Ballard Power Systems, Briggs & Stratton, Eaton, EnerSys, Exide Industries, FG Wilson, FuelCell Energy, Generac Power Systems, Himoinsa, HiPower, Hydrogenics, Johnson Controls, Marshall Batteries, Motolite Batteries, Panasonic, Plug Power, REDOX POWER SYSTEMS, SFC Energy, TOKYO GAS, TOSHIBA FUEL CELL POWER SYSTEMS, and Viessmann Manufacturing.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in shipments of fuel cells. The increasing market for fuel cell shipments is attributed to both the stationary and transportation sectors. In the stationary sector, the next-generation fuel cell systems are being designed to provide more power output and increase the size of the systems. There are many utilities in the US and South Korea that are installing multi-megawatt, large-scale fuel cell power parks.”

According to the report, one driver in the market is rise in global economic growth. Economic growth is the foremost factor in the increasing global electricity demand. The global gross domestic product (GDP) growth has been on the slower side for the past two decades during 1996-2016 while electricity demand continues to increase, especially in the emerging non-OECD (Organization for Economic Cooperation and Development) countries. In non-OECD Asia, which has the world's fastest-growing economies, the demand for residential backup power systems will increase as it is expected that the standard of living will increase.

Further, the report states that one challenge in the market is improvements in grid power supply. The global economy is continuously expanding owing to the expanding demand of electricity. According to the US EIA, the demand for electricity is expected to increase by 69% till 2040. It is expected to grow from 21.6 trillion kilowatt-hours (kWh) in 2012 to 25.8 trillion kilowatt-hours (kWh) in 2020 and finally to 36.5 trillion kilowatt-hours in 2040. To meet this new demand, there will be a focus on the construction of new power plants and facilities as well the efficient production of electricity.



Companies Mentioned

Caterpillar, Cummins, Kohler, Tesla, and Trojan Battery.Aggreko, Atlas Copco, Ballard Power Systems, Briggs & Stratton, Eaton, EnerSys, Exide Industries, FG Wilson, FuelCell Energy, Generac Power Systems, Himoinsa, HiPower, Hydrogenics, Johnson Controls, Marshall Batteries, Motolite Batteries, Panasonic, Plug Power, REDOX POWER SYSTEMS, SFC Energy, TOKYO GAS, TOSHIBA FUEL CELL POWER SYSTEMS, and Viessmann Manufacturing.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Backup power systems overview
        • Table Working model of a backup power system
  • Market landscape
    • Market overview
      • Table Global residential backup power market overview
    • Market size and forecast
      • Table Global residential backup power market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global residential backup power market by technology
      • Table Global residential backup power market by technology 2016 and 2021 (%)
      • Table Global residential backup power market by technology 2016-2021 ($ billions)
    • Global residential backup power market by diesel generator technology
      • Table Global residential backup power market by diesel generator technology 2016-2021 ($ billions)
    • Global residential backup power market by other technologies
      • Table Global residential backup power market by other technologies 2016-2021 ($ billions)
  • Geographical segmentation
    • Global residential backup power market by geography
      • Table Global residential backup power market by geography 2016 and 2021 (%)
      • Table Global residential backup power market by geography 2016-2021 ($ billions)
    • Residential backup power market in Americas
      • Table Residential backup power market in Americas 2016-2021 ($ billions)
      • Table Major power outage incidents in US 2015-2017
      • Table US photovoltaic net metering customers and capacity in residential sector 2010-2015 (MW)
      • Table US wind net metering customers and capacity in residential sector 2010-2015 (MW)
    • Residential backup power market in APAC
      • Table Residential backup power market in APAC 2016-2021 ($ billions)
      • Table Rural access to electricity 2014 in APAC countries (% of rural population)
      • Table Major power outage incidents in APAC 2016
    • Residential backup power market in EMEA
      • Table Residential backup power market in EMEA 2016-2021 ($ billions)
      • Table Major power outage incidents in EMEA 2015-2016
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table EPA regulations on hazardous waste
      • Table Global renewable energy capacity YoY growth 2011-2016 (GW)
      • Table Organizations involved in development of power regulations
  • Market trends
    • Rise in shipments of fuel cells
      • Table Expansion of business operations in fuel cells manufacturing and operations 2015
      • Table Business mergers and acquisitions in fuel cell manufacturing 2015
    • Growing popularity of smart homes
      • Table Global smart home market 2016-2021 ($ billions)
    • Rental services for generators
  • Vendor landscape
    • Competitor landscape
    • Other prominent vendors
      • Table Other prominent vendors (Indicative list)
  • Key vendor analysis
    • Caterpillar
      • Table Caterpillar: Residential backup power systems
      • Table Caterpillar: Key highlights
    • Cummins
      • Table Cummins: Residential backup power systems
    • Kohler
      • Table Kohler: Residential backup power systems
      • Table Kohler: Key highlights
    • Tesla
      • Table Tesla: Residential backup power systems
    • Trojan Battery
      • Table Trojan Battery: Residential backup power systems
  • Appendix
    • List of abbreviations
  • Explore Technavio

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