Backup Power Market Updates by 2031
Batteries are adopted as backup power due to the similar functionality as that of traditional generators and do not require refueling. Backup batteries such as Lead-acid batteries and lithium-ion batteries are mainly used for backup. Lead acid batteries are less costly and have a long durability as well as lower maintenance requirement, where Lithium-ion batteries have high energy density, high depth of discharge, high charge rate, long power-holding capacity and long-life cycle.
MARKET DYNAMICS
The increase in disposable income and increasing use of batteries as backup power as well as increasing emission concerns due to the utilization of traditional power generators are the few factors responsible for growth of the market over the forecast period. Furthermore, the introducing new products and services as well as other strategic alliances by market key player will create a lucrative demand for this market. Moreover, supportive governments incentives to bring down the initial costs of the backup power systems, will create lucrative demand of global backup power market during the forecast period.
MARKET SCOPE
The "Global Backup Power Market Analysis To 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The backup power market report aims to provide an overview of the backup power market with detailed market segmentation by type, application, and geography. The global backup power market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading backup power market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global backup power market is segmented on the basis of type and application. Based on type, the backup power market is segmented into: diesel generator, gasoline generator, and others. On the basis of application, the backup power market is segmented into: non-residential and residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global backup power market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The backup power market by each region is later sub-segmented by respective countries and segments. The backup power market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the backup power market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the backup power market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global backup power market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The backup power market by each region is later sub-segmented by respective countries and segments. The backup power market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the backup power market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the backup power market in these regions.
MARKET PLAYERS
The reports cover key developments in the backup power market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from backup power market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the backup power market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the backup power market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aggreko plc
- Bloom Energy
- Caterpillar Inc.
- Cummins
- GS Yuasa Corporation
- Kohler Co.
- LG Chem Ltd.
- Schneider Electric SE
- Tesla, Inc.
- Yokogawa Electric Corporation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Backup Power Market - By Type
1.3.2 Backup Power Market - By Application
1.3.3 Backup Power Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BACKUP POWER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. BACKUP POWER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BACKUP POWER MARKET - GLOBAL MARKET ANALYSIS
6.1. BACKUP POWER - GLOBAL MARKET OVERVIEW
6.2. BACKUP POWER - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. BACKUP POWER MARKET - REVENUE AND FORECASTS TO 2027 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DIESEL GENERATOR
7.3.1. Overview
7.3.2. Diesel Generator Market Forecast and Analysis
7.4. GASOLINE GENERATOR
7.4.1. Overview
7.4.2. Gasoline Generator Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. BACKUP POWER MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. NON-RESIDENTIAL
8.3.1. Overview
8.3.2. Non-residential Market Forecast and Analysis
8.4. RESIDENTIAL
8.4.1. Overview
8.4.2. Residential Market Forecast and Analysis
9. BACKUP POWER MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Backup Power Market Overview
9.1.2 North America Backup Power Market Forecasts and Analysis
9.1.3 North America Backup Power Market Forecasts and Analysis - By Type
9.1.4 North America Backup Power Market Forecasts and Analysis - By Application
9.1.5 North America Backup Power Market Forecasts and Analysis - By Countries
9.1.5.1 United States Backup Power Market
9.1.5.1.1 United States Backup Power Market by Type
9.1.5.1.2 United States Backup Power Market by Application
9.1.5.2 Canada Backup Power Market
9.1.5.2.1 Canada Backup Power Market by Type
9.1.5.2.2 Canada Backup Power Market by Application
9.1.5.3 Mexico Backup Power Market
9.1.5.3.1 Mexico Backup Power Market by Type
9.1.5.3.2 Mexico Backup Power Market by Application
9.2. EUROPE
9.2.1 Europe Backup Power Market Overview
9.2.2 Europe Backup Power Market Forecasts and Analysis
9.2.3 Europe Backup Power Market Forecasts and Analysis - By Type
9.2.4 Europe Backup Power Market Forecasts and Analysis - By Application
9.2.5 Europe Backup Power Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Backup Power Market
9.2.5.1.1 Germany Backup Power Market by Type
9.2.5.1.2 Germany Backup Power Market by Application
9.2.5.2 France Backup Power Market
9.2.5.2.1 France Backup Power Market by Type
9.2.5.2.2 France Backup Power Market by Application
9.2.5.3 Italy Backup Power Market
9.2.5.3.1 Italy Backup Power Market by Type
9.2.5.3.2 Italy Backup Power Market by Application
9.2.5.4 United Kingdom Backup Power Market
9.2.5.4.1 United Kingdom Backup Power Market by Type
9.2.5.4.2 United Kingdom Backup Power Market by Application
9.2.5.5 Russia Backup Power Market
9.2.5.5.1 Russia Backup Power Market by Type
9.2.5.5.2 Russia Backup Power Market by Application
9.2.5.6 Rest of Europe Backup Power Market
9.2.5.6.1 Rest of Europe Backup Power Market by Type
9.2.5.6.2 Rest of Europe Backup Power Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Backup Power Market Overview
9.3.2 Asia-Pacific Backup Power Market Forecasts and Analysis
9.3.3 Asia-Pacific Backup Power Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Backup Power Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Backup Power Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Backup Power Market
9.3.5.1.1 Australia Backup Power Market by Type
9.3.5.1.2 Australia Backup Power Market by Application
9.3.5.2 China Backup Power Market
9.3.5.2.1 China Backup Power Market by Type
9.3.5.2.2 China Backup Power Market by Application
9.3.5.3 India Backup Power Market
9.3.5.3.1 India Backup Power Market by Type
9.3.5.3.2 India Backup Power Market by Application
9.3.5.4 Japan Backup Power Market
9.3.5.4.1 Japan Backup Power Market by Type
9.3.5.4.2 Japan Backup Power Market by Application
9.3.5.5 South Korea Backup Power Market
9.3.5.5.1 South Korea Backup Power Market by Type
9.3.5.5.2 South Korea Backup Power Market by Application
9.3.5.6 Rest of Asia-Pacific Backup Power Market
9.3.5.6.1 Rest of Asia-Pacific Backup Power Market by Type
9.3.5.6.2 Rest of Asia-Pacific Backup Power Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Backup Power Market Overview
9.4.2 Middle East and Africa Backup Power Market Forecasts and Analysis
9.4.3 Middle East and Africa Backup Power Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Backup Power Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Backup Power Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Backup Power Market
9.4.5.1.1 South Africa Backup Power Market by Type
9.4.5.1.2 South Africa Backup Power Market by Application
9.4.5.2 Saudi Arabia Backup Power Market
9.4.5.2.1 Saudi Arabia Backup Power Market by Type
9.4.5.2.2 Saudi Arabia Backup Power Market by Application
9.4.5.3 U.A.E Backup Power Market
9.4.5.3.1 U.A.E Backup Power Market by Type
9.4.5.3.2 U.A.E Backup Power Market by Application
9.4.5.4 Rest of Middle East and Africa Backup Power Market
9.4.5.4.1 Rest of Middle East and Africa Backup Power Market by Type
9.4.5.4.2 Rest of Middle East and Africa Backup Power Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Backup Power Market Overview
9.5.2 South and Central America Backup Power Market Forecasts and Analysis
9.5.3 South and Central America Backup Power Market Forecasts and Analysis - By Type
9.5.4 South and Central America Backup Power Market Forecasts and Analysis - By Application
9.5.5 South and Central America Backup Power Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Backup Power Market
9.5.5.1.1 Brazil Backup Power Market by Type
9.5.5.1.2 Brazil Backup Power Market by Application
9.5.5.2 Argentina Backup Power Market
9.5.5.2.1 Argentina Backup Power Market by Type
9.5.5.2.2 Argentina Backup Power Market by Application
9.5.5.3 Rest of South and Central America Backup Power Market
9.5.5.3.1 Rest of South and Central America Backup Power Market by Type
9.5.5.3.2 Rest of South and Central America Backup Power Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BACKUP POWER MARKET, KEY COMPANY PROFILES
11.1. AGGREKO PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BLOOM ENERGY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CATERPILLAR INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CUMMINS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GS YUASA CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KOHLER CO.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LG CHEM LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SCHNEIDER ELECTRIC SE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TESLA, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YOKOGAWA ELECTRIC CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Aggreko plc
2. Bloom Energy
3. Caterpillar Inc.
4. Cummins
5. GS Yuasa Corporation
6. Kohler Co.
7. LG Chem Ltd.
8. Schneider Electric SE
9. Tesla, Inc.
10. Yokogawa Electric Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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