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 (%)
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.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Backup Power Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Backup Power Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Backup Power Overall Market Size
2.1 Global Backup Power Market Size: 2022 VS 2032
2.2 Global Backup Power Revenue, Prospects & Forecasts: 2018-2032
2.3 Global Backup Power Sales: 2018-2032
3 Company Landscape
3.1 Top Backup Power Players in Global Market
3.2 Top Global Backup Power Companies Ranked by Revenue
3.3 Global Backup Power Revenue by Companies
3.4 Global Backup Power Sales by Companies
3.5 Global Backup Power Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Backup Power Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Backup Power Product Type
3.8 Tier 1, Tier 2 and Tier 3 Backup Power Players in Global Market
3.8.1 List of Global Tier 1 Backup Power Companies
3.8.2 List of Global Tier 2 and Tier 3 Backup Power Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Backup Power Market Size Markets, 2022 & 2032
4.1.2 Diesel Generator
4.1.3 Others
4.2 By Type - Global Backup Power Revenue & Forecasts
4.2.1 By Type - Global Backup Power Revenue, 2018-2023
4.2.2 By Type - Global Backup Power Revenue, 2024-2032
4.2.3 By Type - Global Backup Power Revenue Market Share, 2018-2032
4.3 By Type - Global Backup Power Sales & Forecasts
4.3.1 By Type - Global Backup Power Sales, 2018-2023
4.3.2 By Type - Global Backup Power Sales, 2024-2032
4.3.3 By Type - Global Backup Power Sales Market Share, 2018-2032
4.4 By Type - Global Backup Power Price (Manufacturers Selling Prices), 2018-2032
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Backup Power Market Size, 2022 & 2032
5.1.2 Residential
5.1.3 Non-Residential
5.2 By Application - Global Backup Power Revenue & Forecasts
5.2.1 By Application - Global Backup Power Revenue, 2018-2023
5.2.2 By Application - Global Backup Power Revenue, 2024-2032
5.2.3 By Application - Global Backup Power Revenue Market Share, 2018-2032
5.3 By Application - Global Backup Power Sales & Forecasts
5.3.1 By Application - Global Backup Power Sales, 2018-2023
5.3.2 By Application - Global Backup Power Sales, 2024-2032
5.3.3 By Application - Global Backup Power Sales Market Share, 2018-2032
5.4 By Application - Global Backup Power Price (Manufacturers Selling Prices), 2018-2032
6 Sights by Region
6.1 By Region - Global Backup Power Market Size, 2022 & 2032
6.2 By Region - Global Backup Power Revenue & Forecasts
6.2.1 By Region - Global Backup Power Revenue, 2018-2023
6.2.2 By Region - Global Backup Power Revenue, 2024-2032
6.2.3 By Region - Global Backup Power Revenue Market Share, 2018-2032
6.3 By Region - Global Backup Power Sales & Forecasts
6.3.1 By Region - Global Backup Power Sales, 2018-2023
6.3.2 By Region - Global Backup Power Sales, 2024-2032
6.3.3 By Region - Global Backup Power Sales Market Share, 2018-2032
6.4 North America
6.4.1 By Country - North America Backup Power Revenue, 2018-2032
6.4.2 By Country - North America Backup Power Sales, 2018-2032
6.4.3 US Backup Power Market Size, 2018-2032
6.4.4 Canada Backup Power Market Size, 2018-2032
6.4.5 Mexico Backup Power Market Size, 2018-2032
6.5 Europe
6.5.1 By Country - Europe Backup Power Revenue, 2018-2032
6.5.2 By Country - Europe Backup Power Sales, 2018-2032
6.5.3 Germany Backup Power Market Size, 2018-2032
6.5.4 France Backup Power Market Size, 2018-2032
6.5.5 U.K. Backup Power Market Size, 2018-2032
6.5.6 Italy Backup Power Market Size, 2018-2032
6.5.7 Russia Backup Power Market Size, 2018-2032
6.5.8 Nordic Countries Backup Power Market Size, 2018-2032
6.5.9 Benelux Backup Power Market Size, 2018-2032
6.6 Asia
6.6.1 By Region - Asia Backup Power Revenue, 2018-2032
6.6.2 By Region - Asia Backup Power Sales, 2018-2032
6.6.3 China Backup Power Market Size, 2018-2032
6.6.4 Japan Backup Power Market Size, 2018-2032
6.6.5 South Korea Backup Power Market Size, 2018-2032
6.6.6 Southeast Asia Backup Power Market Size, 2018-2032
6.6.7 India Backup Power Market Size, 2018-2032
6.7 South America
6.7.1 By Country - South America Backup Power Revenue, 2018-2032
6.7.2 By Country - South America Backup Power Sales, 2018-2032
6.7.3 Brazil Backup Power Market Size, 2018-2032
6.7.4 Argentina Backup Power Market Size, 2018-2032
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Backup Power Revenue, 2018-2032
6.8.2 By Country - Middle East & Africa Backup Power Sales, 2018-2032
6.8.3 Turkey Backup Power Market Size, 2018-2032
6.8.4 Israel Backup Power Market Size, 2018-2032
6.8.5 Saudi Arabia Backup Power Market Size, 2018-2032
6.8.6 UAE Backup Power Market Size, 2018-2032
7 Manufacturers & Brands Profiles
7.1 Aggreko
7.1.1 Aggreko Company Summary
7.1.2 Aggreko Business Overview
7.1.3 Aggreko Backup Power Major Product Offerings
7.1.4 Aggreko Backup Power Sales and Revenue in Global (2018-2023)
7.1.5 Aggreko Key News & Latest Developments
7.2 Bloom Energy
7.2.1 Bloom Energy Company Summary
7.2.2 Bloom Energy Business Overview
7.2.3 Bloom Energy Backup Power Major Product Offerings
7.2.4 Bloom Energy Backup Power Sales and Revenue in Global (2018-2023)
7.2.5 Bloom Energy Key News & Latest Developments
7.3 Caterpillar
7.3.1 Caterpillar Company Summary
7.3.2 Caterpillar Business Overview
7.3.3 Caterpillar Backup Power Major Product Offerings
7.3.4 Caterpillar Backup Power Sales and Revenue in Global (2018-2023)
7.3.5 Caterpillar Key News & Latest Developments
7.4 Cummins
7.4.1 Cummins Company Summary
7.4.2 Cummins Business Overview
7.4.3 Cummins Backup Power Major Product Offerings
7.4.4 Cummins Backup Power Sales and Revenue in Global (2018-2023)
7.4.5 Cummins Key News & Latest Developments
7.5 LG Chem
7.5.1 LG Chem Company Summary
7.5.2 LG Chem Business Overview
7.5.3 LG Chem Backup Power Major Product Offerings
7.5.4 LG Chem Backup Power Sales and Revenue in Global (2018-2023)
7.5.5 LG Chem Key News & Latest Developments
8 Global Backup Power Production Capacity, Analysis
8.1 Global Backup Power Production Capacity, 2018-2032
8.2 Backup Power Production Capacity of Key Manufacturers in Global Market
8.3 Global Backup Power Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Backup Power Supply Chain Analysis
10.1 Backup Power Industry Value Chain
10.2 Backup Power Upstream Market
10.3 Backup Power Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Backup Power Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Key Players of Backup Power in Global Market
Table 2. Top Backup Power Players in Global Market, Ranking by Revenue (2022)
Table 3. Global Backup Power Revenue by Companies, (US$, Mn), 2018-2023
Table 4. Global Backup Power Revenue Share by Companies, 2018-2023
Table 5. Global Backup Power Sales by Companies, (K Units), 2018-2023
Table 6. Global Backup Power Sales Share by Companies, 2018-2023
Table 7. Key Manufacturers Backup Power Price (2018-2023) & (USD/Unit)
Table 8. Global Manufacturers Backup Power Product Type
Table 9. List of Global Tier 1 Backup Power Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Backup Power Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Backup Power Revenue, (US$, Mn), 2022 & 2032
Table 12. By Type - Global Backup Power Revenue (US$, Mn), 2018-2023
Table 13. By Type - Global Backup Power Revenue (US$, Mn), 2024-2032
Table 14. By Type - Global Backup Power Sales (K Units), 2018-2023
Table 15. By Type - Global Backup Power Sales (K Units), 2024-2032
Table 16. By Application ? Global Backup Power Revenue, (US$, Mn), 2022 & 2032
Table 17. By Application - Global Backup Power Revenue (US$, Mn), 2018-2023
Table 18. By Application - Global Backup Power Revenue (US$, Mn), 2024-2032
Table 19. By Application - Global Backup Power Sales (K Units), 2018-2023
Table 20. By Application - Global Backup Power Sales (K Units), 2024-2032
Table 21. By Region ? Global Backup Power Revenue, (US$, Mn), 2022 VS 2032
Table 22. By Region - Global Backup Power Revenue (US$, Mn), 2018-2023
Table 23. By Region - Global Backup Power Revenue (US$, Mn), 2024-2032
Table 24. By Region - Global Backup Power Sales (K Units), 2018-2023
Table 25. By Region - Global Backup Power Sales (K Units), 2024-2032
Table 26. By Country - North America Backup Power Revenue, (US$, Mn), 2018-2023
Table 27. By Country - North America Backup Power Revenue, (US$, Mn), 2024-2032
Table 28. By Country - North America Backup Power Sales, (K Units), 2018-2023
Table 29. By Country - North America Backup Power Sales, (K Units), 2024-2032
Table 30. By Country - Europe Backup Power Revenue, (US$, Mn), 2018-2023
Table 31. By Country - Europe Backup Power Revenue, (US$, Mn), 2024-2032
Table 32. By Country - Europe Backup Power Sales, (K Units), 2018-2023
Table 33. By Country - Europe Backup Power Sales, (K Units), 2024-2032
Table 34. By Region - Asia Backup Power Revenue, (US$, Mn), 2018-2023
Table 35. By Region - Asia Backup Power Revenue, (US$, Mn), 2024-2032
Table 36. By Region - Asia Backup Power Sales, (K Units), 2018-2023
Table 37. By Region - Asia Backup Power Sales, (K Units), 2024-2032
Table 38. By Country - South America Backup Power Revenue, (US$, Mn), 2018-2023
Table 39. By Country - South America Backup Power Revenue, (US$, Mn), 2024-2032
Table 40. By Country - South America Backup Power Sales, (K Units), 2018-2023
Table 41. By Country - South America Backup Power Sales, (K Units), 2024-2032
Table 42. By Country - Middle East & Africa Backup Power Revenue, (US$, Mn), 2018-2023
Table 43. By Country - Middle East & Africa Backup Power Revenue, (US$, Mn), 2024-2032
Table 44. By Country - Middle East & Africa Backup Power Sales, (K Units), 2018-2023
Table 45. By Country - Middle East & Africa Backup Power Sales, (K Units), 2024-2032
Table 46. Aggreko Company Summary
Table 47. Aggreko Backup Power Product Offerings
Table 48. Aggreko Backup Power Sales (K Units), Revenue (US$, Mn) and Average Price (USD/Unit) (2018-2023)
Table 49. Aggreko Key News & Latest Developments
Table 50. Bloom Energy Company Summary
Table 51. Bloom Energy Backup Power Product Offerings
Table 52. Bloom Energy Backup Power Sales (K Units), Revenue (US$, Mn) and Average Price (USD/Unit) (2018-2023)
Table 53. Bloom Energy Key News & Latest Developments
Table 54. Caterpillar Company Summary
Table 55. Caterpillar Backup Power Product Offerings
Table 56. Caterpillar Backup Power Sales (K Units), Revenue (US$, Mn) and Average Price (USD/Unit) (2018-2023)
Table 57. Caterpillar Key News & Latest Developments
Table 58. Cummins Company Summary
Table 59. Cummins Backup Power Product Offerings
Table 60. Cummins Backup Power Sales (K Units), Revenue (US$, Mn) and Average Price (USD/Unit) (2018-2023)
Table 61. Cummins Key News & Latest Developments
Table 62. LG Chem Company Summary
Table 63. LG Chem Backup Power Product Offerings
Table 64. LG Chem Backup Power Sales (K Units), Revenue (US$, Mn) and Average Price (USD/Unit) (2018-2023)
Table 65. LG Chem Key News & Latest Developments
Table 66. Backup Power Production Capacity (K Units) of Key Manufacturers in Global Market, 2021-2023 (K Units)
Table 67. Global Backup Power Capacity Market Share of Key Manufacturers, 2021-2023
Table 68. Global Backup Power Production by Region, 2018-2023 (K Units)
Table 69. Global Backup Power Production by Region, 2024-2032 (K Units)
Table 70. Backup Power Market Opportunities & Trends in Global Market
Table 71. Backup Power Market Drivers in Global Market
Table 72. Backup Power Market Restraints in Global Market
Table 73. Backup Power Raw Materials
Table 74. Backup Power Raw Materials Suppliers in Global Market
Table 75. Typical Backup Power Downstream
Table 76. Backup Power Downstream Clients in Global Market
Table 77. Backup Power Distributors and Sales Agents in Global Market
List of Figures
Figure 1. Backup Power Segment by Type in 2022
Figure 2. Backup Power Segment by Application in 2022
Figure 3. Global Backup Power Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Backup Power Market Size: 2022 VS 2032 (US$, Mn)
Figure 6. Global Backup Power Revenue, 2018-2032 (US$, Mn)
Figure 7. Backup Power Sales in Global Market: 2018-2032 (K Units)
Figure 8. The Top 3 and 5 Players Market Share by Backup Power Revenue in 2022
Figure 9. By Type - Global Backup Power Revenue, (US$, Mn), 2022 & 2032
Figure 10. By Type - Global Backup Power Revenue Market Share, 2018-2032
Figure 11. By Type - Global Backup Power Sales Market Share, 2018-2032
Figure 12. By Type - Global Backup Power Price (USD/Unit), 2018-2032
Figure 13. By Application - Global Backup Power Revenue, (US$, Mn), 2022 & 2032
Figure 14. By Application - Global Backup Power Revenue Market Share, 2018-2032
Figure 15. By Application - Global Backup Power Sales Market Share, 2018-2032
Figure 16. By Application - Global Backup Power Price (USD/Unit), 2018-2032
Figure 17. By Region - Global Backup Power Revenue, (US$, Mn), 2022 & 2032
Figure 18. By Region - Global Backup Power Revenue Market Share, 2018 VS 2022 VS 2032
Figure 19. By Region - Global Backup Power Revenue Market Share, 2018-2032
Figure 20. By Region - Global Backup Power Sales Market Share, 2018-2032
Figure 21. By Country - North America Backup Power Revenue Market Share, 2018-2032
Figure 22. By Country - North America Backup Power Sales Market Share, 2018-2032
Figure 23. US Backup Power Revenue, (US$, Mn), 2018-2032
Figure 24. Canada Backup Power Revenue, (US$, Mn), 2018-2032
Figure 25. Mexico Backup Power Revenue, (US$, Mn), 2018-2032
Figure 26. By Country - Europe Backup Power Revenue Market Share, 2018-2032
Figure 27. By Country - Europe Backup Power Sales Market Share, 2018-2032
Figure 28. Germany Backup Power Revenue, (US$, Mn), 2018-2032
Figure 29. France Backup Power Revenue, (US$, Mn), 2018-2032
Figure 30. U.K. Backup Power Revenue, (US$, Mn), 2018-2032
Figure 31. Italy Backup Power Revenue, (US$, Mn), 2018-2032
Figure 32. Russia Backup Power Revenue, (US$, Mn), 2018-2032
Figure 33. Nordic Countries Backup Power Revenue, (US$, Mn), 2018-2032
Figure 34. Benelux Backup Power Revenue, (US$, Mn), 2018-2032
Figure 35. By Region - Asia Backup Power Revenue Market Share, 2018-2032
Figure 36. By Region - Asia Backup Power Sales Market Share, 2018-2032
Figure 37. China Backup Power Revenue, (US$, Mn), 2018-2032
Figure 38. Japan Backup Power Revenue, (US$, Mn), 2018-2032
Figure 39. South Korea Backup Power Revenue, (US$, Mn), 2018-2032
Figure 40. Southeast Asia Backup Power Revenue, (US$, Mn), 2018-2032
Figure 41. India Backup Power Revenue, (US$, Mn), 2018-2032
Figure 42. By Country - South America Backup Power Revenue Market Share, 2018-2032
Figure 43. By Country - South America Backup Power Sales Market Share, 2018-2032
Figure 44. Brazil Backup Power Revenue, (US$, Mn), 2018-2032
Figure 45. Argentina Backup Power Revenue, (US$, Mn), 2018-2032
Figure 46. By Country - Middle East & Africa Backup Power Revenue Market Share, 2018-2032
Figure 47. By Country - Middle East & Africa Backup Power Sales Market Share, 2018-2032
Figure 48. Turkey Backup Power Revenue, (US$, Mn), 2018-2032
Figure 49. Israel Backup Power Revenue, (US$, Mn), 2018-2032
Figure 50. Saudi Arabia Backup Power Revenue, (US$, Mn), 2018-2032
Figure 51. UAE Backup Power Revenue, (US$, Mn), 2018-2032
Figure 52. Global Backup Power Production Capacity (K Units), 2018-2032
Figure 53. The Percentage of Production Backup Power by Region, 2022 VS 2032
Figure 54. Backup Power Industry Value Chain
Figure 55. Marketing Channels
