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The global Backup Power market was valued at US$ 14520 million in 2022 and is projected to reach US$ 20140 million by 2029, at a CAGR of 4.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
This report aims to provide a comprehensive presentation of the global market for Backup Power, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Backup Power. This report contains market size and forecasts of Backup Power in global, including the following market information:

• Global Backup Power Market Revenue, 2018-2023, 2024-2032, ($ millions)
• Global Backup Power Market Sales, 2018-2023, 2024-2032, (K Units)
• Global top five Backup Power companies in 2022 (%)

The availability of diverse backup power systems is one of the primary drivers for market growth. Traditionally, diesel power generators were used for backup power due to their relatively low price and the easy availability of diesel. However, over the years the increasing emission concerns due to the utilization of traditional power generators has led to the rise of alternate sources such as battery energy storage systems, hybrid power, and fuel cells. APAC is the fastest-growing segment of the backup power market, expected to showcase a CAGR of nearly 6% through the forecast period. The unreliability of grid power infrastructure in the developing countries of the region has created a strong need for backup power sources. The EU is encouraging distributed generation by providing feed in tariffs and incentives, which is driving the installation of off-grid energy systems such as fuel cells and battery energy storage systems.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Backup Power manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Backup Power Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Backup Power Market Segment Percentages, by Type, 2022 (%)

• Diesel Generator
• Others

Global Backup Power Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Backup Power Market Segment Percentages, by Application, 2022 (%)

• Residential
• Non-Residential

Global Backup Power Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Backup Power Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Backup Power revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Backup Power revenues share in global market, 2022 (%)
Key companies Backup Power sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Backup Power sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:

• Aggreko
• Bloom Energy
• Caterpillar
• Cummins
• LG Chem

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Backup Power, market overview.
• Chapter 2: Global Backup Power market size in revenue and volume.
• Chapter 3: Detailed analysis of Backup Power manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of Backup Power in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: Global Backup Power capacity by region & country.
• Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
• Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
• Chapter 11: The main points and conclusions of the report.