Global Residential Backup Power Market 2020-2024

Global Residential Backup Power Market 2020-2024

Technavio has been monitoring the global residential backup power market and it is poised to grow by USD 1.92 mn during 2020-2024, progressing at a CAGR of 4% during the forecast period. Our reports on global residential backup power market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing use of batteries for power back up.In addition, increase in hybrid power systems is anticipated to boost the growth of the global residential backup power market as well.

Market Segmentation

Technavio's global residential backup power market is segmented as below:

Technology:

  • Generators
  • Batteries
  • Fuel Cells
Geographic Segmentation:
  • APAC
  • Europe
  • MEA
  • North America
  • South America
Key Trends for global residential backup power market growth

This study identifies increase in hybrid power systems as the prime reasons driving the global residential backup power market growth during the next few years.

Prominent vendors in global residential backup power market

We provide a detailed analysis of around 25 vendors operating in the global residential backup power market , including some of the vendors such as ABB Ltd., Caterpillar Inc., Cummins Inc., Exide Industries Ltd., Kohler Co., Panasonic Corp., Schneider Electric SE, Tesla Inc., Toshiba Corp. and Trojan Battery Co. LLC. .

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

About Technavio

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global electrical components and equipment market
      • Table Segments of global electrical components and equipment market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Vendor- Key offerings
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by technology
    • Table Technology - Market share 2019-2024 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Generators - Market size and forecast 2019-2024
      • Table Generators - Market size and forecast 2019-2024 ($ millions)
      • Table Generators - Year-over-year growth 2020-2024 (%)
    • Batteries - Market size and forecast 2019-2024
      • Table Batteries - Market size and forecast 2019-2024 ($ millions)
      • Table Batteries - Year-over-year growth 2020-2024 (%)
    • Fuel cells - Market size and forecast 2019-2024
      • Table Fuel cells - Market size and forecast 2019-2024 ($ millions)
      • Table Fuel cells - Year-over-year growth 2020-2024 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ millions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ millions)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ millions)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Rising adoption of fuel cells for power backup
    • Increase in hybrid power systems
    • Development of smart cities
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB Ltd.
      • Table ABB Ltd. - Vendor overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. - Organizational developments
      • Table ABB Ltd. - Geographic focus
      • Table ABB Ltd. - Segment focus
      • Table ABB Ltd. - Key offerings
    • Caterpillar Inc.
      • Table Caterpillar Inc. - Vendor overview
      • Table Caterpillar Inc. - Business segments
      • Table Caterpillar Inc. - Organizational developments
      • Table Caterpillar Inc. - Geographic focus
      • Table Caterpillar Inc. - Segment focus
      • Table Caterpillar Inc. - Key offerings
    • Cummins Inc.
      • Table Cummins Inc. - Vendor overview
      • Table Cummins Inc. - Business segments
      • Table Cummins Inc. - Organizational developments
      • Table Cummins Inc. - Geographic focus
      • Table Cummins Inc. - Segment focus
      • Table Cummins Inc. - Key offerings
    • Exide Industries Ltd.
      • Table Exide Industries Ltd. - Vendor overview
      • Table Exide Industries Ltd. - Business segments
      • Table Exide Industries Ltd. - Organizational developments
      • Table Exide Industries Ltd. - Geographic focus
      • Table Exide Industries Ltd. - Segment focus
      • Table Exide Industries Ltd. - Key offerings
    • Kohler Co.
      • Table Kohler Co. - Vendor overview
      • Table Kohler Co. - Product segments
      • Table Kohler Co. - Organizational developments
      • Table Kohler Co. - Key offerings
    • Panasonic Corp.
      • Table Panasonic Corp. - Vendor overview
      • Table Panasonic Corp. - Business segments
      • Table Panasonic Corp. - Organizational developments
      • Table Panasonic Corp. - Geographic focus
      • Table Panasonic Corp. - Segment focus
      • Table Panasonic Corp. - Key offerings
    • Schneider Electric SE
      • Table Schneider Electric SE - Vendor overview
      • Table Schneider Electric SE - Business segments
      • Table Schneider Electric SE - Organizational developments
      • Table Schneider Electric SE - Geographic focus
      • Table Schneider Electric SE - Segment focus
      • Table Schneider Electric SE - Key offerings
    • Tesla Inc.
      • Table Tesla Inc. - Vendor overview
      • Table Tesla Inc. - Business segments
      • Table Tesla Inc. - Organizational developments
      • Table Tesla Inc. - Geographic focus
      • Table Tesla Inc. - Segment focus
      • Table Tesla Inc. - Key offerings
    • Toshiba Corp.
      • Table Toshiba Corp. - Vendor overview
      • Table Toshiba Corp. - Business segments
      • Table Toshiba Corp. - Organizational developments
      • Table Toshiba Corp. - Geographic focus
      • Table Toshiba Corp. - Segment focus
      • Table Toshiba Corp. - Key offerings
    • Trojan Battery Co. LLC
      • Table Trojan Battery Co. LLC - Vendor overview
      • Table Trojan Battery Co. LLC - Product segments
      • Table Trojan Battery Co. LLC - Organizational developments
      • Table Trojan Battery Co. LLC - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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